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Metal Recycling Equipment Market Expansion Continues, with Forecast Valuation of $10.42 Billion by 2029
Metal Recycling Equipment Market
Metal Recycling Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for metal recycling equipment has experienced significant growth in recent times, with its value predicted to increase from $7.21 billion in 2024 to $7.76 billion in 2025, representing a compound annual growth rate (CAGR) of 7.6%. The historical growth of this market is due to several key factors, including a surge in worldwide demand for recycled metals, increased environmental consciousness and sustainability efforts, the rising cost of producing primary metals, the necessity for resource and energy conservation, as well as the expansion in the industrial manufacturing and construction sectors.
Metal Recycling Equipment Market Size Forecast: What's the Projected Valuation by 2029?
Significant growth is predicted in the metal recycling equipment market in the upcoming years, with an estimated value of $10.42 billion by 2029, coupled with a compound annual growth rate (CAGR) of 7.7%. The surge during the forecasted period can be associated with the application of cutting-edge sorting and separation strategies in recycling, the utilisation of artificial intelligence (AI) for improved metal recovery, the broadening of urban mining and e-waste recycling initiatives, an emphasis on scra*p metal collection and recovery infrastructure, and a focus on a circular economy and closed-loop recycling systems. Key trends for the forecasted period encompass progress in sensor-based sorting technologies, mobile metal shredders and fragmentizers, non-ferrous metal recovery from electronic waste, hydraulic shears and balers for metal compaction, and innovations in metal melting and refining furnaces.
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What Are the Drivers Transforming the Metal Recycling Equipment Market?
The expansion of the metal recycling equipment market is being driven by escalating worldwide government regulations surrounding waste management and recycling. The recycling of metals including aluminium and copper conserves a significant amount of energy and natural resources and contributes to a decrease in greenhouse gases such as carbon dioxide, carbon monoxide and nitrous oxide. Throughout the globe, environmental protection agencies (EPA) are collaborating with environmental officials and governments to improve waste management and recycling measures. For instance, in February 2024, the United Nations Environment Programme, a Kenya-based prestigious international environmental authority, published reports predicting that municipal solid waste generation would escalate from 2.1 billion tonnes in 2023 to 3.8 billion tonnes by 2050. They suggested that implementing efficient waste prevention and management measures could potentially restrict the net annual costs by 2050 to USD 270.2 billion. Therefore, the intensified government rules on waste management and recycling are further boosting the market's growth.
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What Long-Term Trends Will Define the Future of the Metal Recycling Equipment Market?
The ongoing trend of constant research and development in the metal recycling equipment market is gaining traction. As an example, Tere*x Recycling Systems, an American company renowned for its expertise in material-handling and lifting equipment including recycling machinery, brought to market the TDS-V20SE Static Electric Shredder in July 2024. This modernized shredder can efficiently handle a multitude of materials like construction and demolition (C&I) waste, wood, and green waste. It's incredibly effective at generating high-grade Refuse-Derived Fuel (RDF), Solid Recovered Fuel (SRF), and biomass products. The shredder has integrated programs that streamline the setup process, allowing users to swiftly choose the appropriate settings for various shredding operations.
Which Segments in the Metal Recycling Equipment Market Offer the Most Profit Potential?
The metal recycling equipment market covered in this report is segmented -
1) By Machine Type: Shredders, Briquetting Machines, Shears, Granulating Machines
2) By Material Type: Metal, Ferrous, Non-Ferrous, Alloys And Composites
3) By Application: Automotive, Building And Construction, Ship Building, Equipment Manufacturing, Packaging, Consumer Appliances
Subsegments:
1) By Shredders: Industrial Shredders, Mobile Shredders, Heavy-Duty Shredders
2) By Briquetting Machines: Hydraulic Briquetting Machines, Mechanical Briquetting Machines, Screw Press Briquetting Machines
3) By Shears: Hydraulic Shears, Electric Shears, Portable Shears
4) By Granulating Machines: Granulators For Ferrous Metals, Granulators For Non-Ferrous Metals, Fine Granulating Machines
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Which Firms Dominate the Metal Recycling Equipment Market by Market Share and Revenue in 2025?
Major companies operating in the metal recycling equipment market include Hitachi Construction Machinery Co. Ltd., Metso Corporation, Nucor Corporation, CP Manufacturing Inc., JMC Recycling Systems Ltd., Green Machine Sales LLC, Zato srl, Commercial Metals Company, Aurubis AG, SMIS Metal Management Limited, European Metal Recycling Limited, ArcelorMittal S.A., American Baler Company, Marathon Equipment, General Kinematics India Pvt Ltd., Danieli Centro Recycling S.r.l., Steinert GmbH, Eriez Manufacturing Co., BHS-Sonthofen GmbH, Wendt Corporation, MTB Recycling, Eldan Recycling A/S, Andritz AG, Bano Recycling srl, Coparm Srl, Forrec Srl, Guidetti Recycling Systems, Hammel Recyclingtechnik GmbH, Komptech GmbH, Lindner-Recyclingtech GmbH, Redwave a division of BT-Wolfgang Binder GmbH, SGM Magnetics Corporation, Stokkermill S.r.l., TITECH GmbH, Vecoplan AG, ZB Group
Which Regions Offer the Highest Growth Potential in the Metal Recycling Equipment Market?
Asia-Pacific was the largest region in the metal recycling equipment market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the metal recycling equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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