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
2. Metal
Shredder Machine Market Characteristics
3. Metal
Shredder Machine Market Trends And Strategies
4. Metal
Shredder Machine Market - Macro Economic Scenario
5. Global
Metal Shredder Machine Market Size and Growth
.
31. Global
Metal Shredder Machine Market Competitive Benchmarking
32. Global
Metal Shredder Machine Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Metal Shredder Machine Market
34. Metal
Shredder Machine Market Future Outlook and Potential Analysis
35.
Appendix
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