Press release
Soaring Demand Set to Propel Metal Recycling Equipment Market to $10.08 Billion by 2029
Metal Recycling Equipment Market
What Is the Expected CAGR for the Metal Recycling Equipment Market Through 2025?
Over the past few years, there has been robust growth in the size of the metal recycling equipment market. This market, which is valued at $7.21 billion in 2024, is projected to escalate to $7.64 billion in 2025. This increases equates to a compound annual growth rate (CAGR) of 6.0%. The growth observed in the past can be credited to factors such as rising global demand for recycled metals, increased environmental awareness and sustainability efforts, inflation in primary metal production costs, the necessity for conservation of resources and energy efficiency, and the broadening of industrial manufacturing and construction activities.
What's the Projected Size of the Global Metal Recycling Equipment Market by 2029?
The market size for metal recycling equipment is predicted to witness robust growth in the upcoming years, surging to $10.08 billion by 2029 at a compound annual growth rate (CAGR) of 7.2%. The increase during the projection period can be linked to the use of high-tech sorting and separation technologies, the utilization of artificial intelligence (AI) for effective metal recovery, the broadening of urban mining and electronic waste recycling initiatives, the stress on cra*p metal gathering and recovery infrastructure, and a concentration on a circular economy and closed-loop recycling setups. Key patterns during the prediction period encompass progress made in sensor-based sorting technologies, mobile metal shredders and fragmentizers, non-ferrous metal recovery from electronic junk, hydraulic shears and balers for metal consolidation, and innovations in metal melting and refining ovens.
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Top Growth Drivers in the Metal Recycling Equipment Industry: What's Accelerating the Market?
The growth of the metal recycling equipment market is being fuelled by escalating global government regulations regarding waste management and recycling. By recycling metals like copper and aluminium, considerable amounts of energy and natural resources can be conserved. Furthermore, this process aids in the reduction of greenhouse gases such as carbon dioxide, carbon monoxide, and nitrous oxide. Environmental protection agencies (EPAs) are collaborating with environmental officials and global governments to implement recycling and waste management initiatives. For example, a report published in February 2024 by the United Nations Environment Programme, headquartered in Kenya and globally recognized for its environmental authority, forecasted that municipal solid waste generation will increase from 2.1 billion tonnes in 2023 to 3.8 billion tonnes by 2050. However, by implementing waste prevention and management procedures, the net annual cost by 2050 could be limited to USD 270.2 billion. As such, the expansion of government regulations on waste management and recycling is a significant factor contributing to market growth.
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What Trends Will Shape the Metal Recycling Equipment Market Through 2029 and Beyond?
The emergence of continuous research and development is a leading trend in the metal recycling equipment market. To illustrate, ere*x Recycling Systems, an American manufacturer known for its lifting and material-handling equipment, including recycling machinery, unveiled the TDS-V20SE Static Electric Shredder in July 2024. This machine, designed to handle diverse materials such as construction and demolition (C&I) waste, wood, and green waste, has proven its efficiency in generating high-quality Refuse-Derived Fuel (RDF), Solid Recovered Fuel (SRF), and biomass products. Additionally, it comes preset with programs that make the setup process more straightforward, allowing users to easily choose suitable settings for various shredding applications.
What Are the Main Segments in the Metal Recycling Equipment Market?
The metal recycling equipmentmarket 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 Top Companies are Driving Growth in the Metal Recycling Equipment Market?
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 Will Dominate the Metal Recycling Equipment Market Through 2029?
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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