Overview and Scope
Metal shredders machines refer to a machine that turn various types of metal trash into manageable and transportable fragments. It is used in scrap yards and metal recycling operations to reduce metal waste to a specified shape and size for sorting and further processing.
Sizing and Forecast
The metal shredder machine market size has grown strongly in recent years. It will grow from $10.1 billion in 2023 to $10.67 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to rise in metal scrap generation, environmental regulations, scrap metal value, growth in industrialization, circular economy initiatives.
The metal shredder machine market size is expected to see steady growth in the next few years. It will grow to $12.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to increasing focus on sustainability, urbanization trends, e-waste recycling needs, government initiatives for recycling, resource scarcity concerns. Major trends in the forecast period include energy efficiency and sustainability, integration of iot and data analytics, customization for specific metal types, regulatory compliance, global expansion of recycling facilities.
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Segmentation & Regional Insights
The metal shredder machine market covered in this report is segmented –
1) By Machine Type: Mechanical Shedder Machine, Shock Wave Shredder Machine
2) By Application: Iron And Steel, Aluminum And Copper, Non-Ferrous Metals
3) By End-Use: Automotive Industry, Construction Industry, Manufacturing Industry, Electronic Industry, Recycling Industry
Asia-Pacific was the largest region in the metal shredder machine market in 2023. The regions covered in the metal shredder machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rising demand for metal recycling is expected to propel the growth of the metal shredder machine market going forward. Metal recycling refers to the procedure of using waste metal, processing it, and producing new metal. Metal shredder machines are used in the metal recycling industry for reducing the size and volume of various metal materials. For instance, according to GLE Scrape Metal, a US-based company with environmentally friendly processing and recycling of ferrous & non-ferrous metals stated that 40% of worldwide steel production is made using recycled steel, while about 42% of crude steel in the U.S. is made of recycled materials. Therefore, the rising demand for metal recycling is driving the growth of the metal shredder machine market going forward.
Key Industry Players
Major companies operating in the metal shredder machine market report are Metso Corporation, SSI Shredding Systems Inc., UNTHA Shredding Technology GmbH, WEIMA Maschinenbau GmbH, BCA Industries Inc., Hammermills International LLC, MOCO Maschinen- und Apparatebau GmbH & Co KG, Ecostan India Private Limited, Rapid Granulator AB, ANDRITZ Group, ECO Green Equipment LLC, Granutech-Saturn Systems, Brentwood RM Pty Ltd, Vecoplan LLC, Advance Hydrau-Tech Pvt Ltd., Shred-Tech, Zato North America Corp., ARJES – Recycling Innovation, Mackma srl, Harden Machinery Ltd., Zibo United Tech Machinery Co. Ltd., Franklin Miller Inc., West Seneca Welding, Maren Engineering Corporation, Bondtech Corp., ACS Group, Allegheny Shredders, Ameri-Shred Corp., Bano Recycling srl, CM Shredders
The metal shredder machine market report table of contents includes:
1. Executive Summary
- Metal Shredder Machine Market Characteristics
- Metal Shredder Machine Market Trends And Strategies
- Metal Shredder Machine Market – Macro Economic Scenario
- Global Metal Shredder Machine Market Size and Growth
.
- Global Metal Shredder Machine Market Competitive Benchmarking
- Global Metal Shredder Machine Market Competitive Dashboard
- Key Mergers And Acquisitions In The Metal Shredder Machine Market
- Metal Shredder Machine Market Future Outlook and Potential Analysis
- Appendix
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