What Fueled The Previous Growth In The Metal Recycling Equipment Market?
The metal recycling equipment market has seen considerable growth due to a variety of factors.
• Over the past few years, the metal recycling equipment market has experienced substantial growth. The market value, which sat at $7.21 billion in 2024, is expected to increase to $7.76 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%.
This impressive growth during the historical period is largely due to a surge in global requirement for recycled metals, enhanced environmental consciousness and sustainability efforts, increasing costs associated with primary metal production, necessity for conserving resources and promoting energy savings, and a boom in industrial manufacturing and construction endeavors.
What Is The Expected Growth In The Metal Recycling Equipment Market Size?
The metal recycling equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market for metal recycling equipment is projected to undergo substantial expansion in the coming years, reaching a value of $10.42 billion by 2029 with a CAGR of 7.7%.
The forecasted growth is primarily due to the increasing adoption of advanced separation and sorting technologies in the recycling sector, the integration of artificial intelligence for better metal recovery, an increased focus on urban mining and e-waste recycling, an enhanced emphasis on scrap metal collection and recovery infrastructure and a shift towards a circular economy and closed-loop recycling systems. Key trends to watch in this period include improvements in sensor-based sorting technologies, the introduction of mobile metal shredders and fragmentizers, increased recovery of non-ferrous metal from electronic waste, the use of hydraulic shears and balers for metal compaction, and innovative developments in metal melting and refining furnaces.
What Are The Leading Drivers Of Growth In The Metal Recycling Equipment Market?
The expansion of the metal recycling equipment market is primarily fueled by escalating governmental policies concerning waste management and recycling around the world. Both aluminium and copper are recyclable, substantially conserving energy and natural resources while also diminishing greenhouse gases such as carbon dioxide, carbon monoxide, and nitrous oxide. Environmental protection agencies (EPA) globally are collaborating with environmental officials and administrations on waste management and recycling schemes. For instance, the United Nations Environment Programme, a prominent environmental authority based out of Kenya, announced in February 2024 that municipal solid waste production is expected to climb to 3.8 billion tonnes by 2050 from 2.1 billion tonnes in 2023. However, effective waste prevention and management could curtail net annual costs to USD 270.2 billion by 2050. In this way, rising government regulations on waste management and recycling are pushing forward the metal recycling equipment market's growth.
How Are The Segments Defined Within The Global Metal Recycling Equipment Market?
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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How Are New Trends Expected To Influence The Growth Of The Metal Recycling Equipment Market?
The trend of continuous research and development is rising in prominence in the metal recycling equipment industry. Terex Recycling Systems, a company based in the US which focuses on manufacturing lifting and material handling equipment including recycling machinery, has played a part in this trend. In July 2024, the company introduced the TDS-V20SE Static Electric Shredder. This device, equipped to handle a wide range of materials including construction and demolition (C&I) waste, wood, and green waste, is extremely efficient in creating high-quality Refuse-Derived Fuel (RDF), Solid Recovered Fuel (SRF), and biomass products. The shredder also features pre-installed programs that make the setup process simple, allowing operators to easily choose the right settings for various shredding tasks.
Who Are the Key Players 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
What Is The Most Dominant Region 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.
