Metal Recycling Equipment Global Market Report 2023 – By Machine Type (Shredders, Briquetting Machines, Shears, Granulating Machines), By Material Type (Metal, Ferrous, Non Ferrous, Alloys And Composites), By Application (Automotive, Building And Construction, Ship Building, Equipment Manufacturing, Packaging, Consumer Appliances) – Market Size, Trends, And Global Forecast 2023-2032

Waste recycling services refers to any recovery operation by which waste materials are reprocessed into products, materials or substances whether for the original or other purposes. Waste recycling involves the process of collecting and reprocessing waste materials through various technologies to clean and turn them into new reusable products. Recycling waste provides several advantages, including reducing waste transported to landfills and incinerators, preventing pollution, conserving natural resources, conserving energy, creating jobs, and generating economic benefits. The main types of waste in the waste recycling services market are compost and food waste, glass and fiberglass, metal scraps, waste paper, and others. Food and compost waste recycling generally involve reprocessing materials such as eggshells, banana skin, and more to make them reusable as a good quality soil improver or fertilizer and even generate electricity that will go back to the national grid. These have applications in various areas such as municipal, agricultural, construction, industrial, and other applications. The services provided are collection and disposable services. The global waste recycling services market is segmented - 1) By Waste Type: Compost and Food Waste, Glass and Fiberglass, Metal Scraps, Waste Paper, Other Types 2) By Application: Municipal, Agricultural, Construction, Industrial, Other Applications 3) By Service: Collection Service, Disposable Service The global waste recycling services market size will grow from $54.75 billion in 2022 to $57.69 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global waste recycling services is expected to grow to $71.39 billion in 2027 at a CAGR of 5.5%. The growing awareness about plastic pollution is driving the growth of the waste recycling services market. Plastic pollution is the buildup of synthetic plastic items in the environment to the point that they pose a threat to animals and their habitats, as well as human populations. This pollution causes the planet to degrade posing many problems such as global warming and other climatic changes. Governments of various countries are launching new schemes and policies to reduce the use of plastic and create awareness of plastic pollution. For instance, in March 2021, the Union environment ministry of India proposed to ban the manufacturing, use, sale, import, and handling of particular single-use plastic goods across the country from 2022. Such policies are creating awareness of pollution thereby driving the growth of the market. Major players in the waste recycling services market are ADS Waste Holdings, Casella Waste Systems, China Recycling Development, Clean Harbors, Covanta Holding, Eurokey Recycling Ltd., Interface Inc., Kayama, Northstar Recycling, Parc, Remondis, Republic Services, Rubicon Global, DOWA ECO-SYSTEM, Fetzer Vineyards, KUMASEI, and Tsuneishi Kamtecs. The technological developments in waste recycling is shaping the waste recycling services market. Recent technological advancements help turn waste into power, industries make use of their waste and with biogas convert it into usable energy. Plasma arc recycling helps recover a vast majority of the metal found in vehicles or other objects with the help of a super-hot plasma torch. For instance, in September 2021, Sensoneo, a Europe-based waste management services, and solution company launched a waste level smart sensor. Sensoneo Smart sensors use ultrasonic beams to assess fill levels in bins. These sensors can detect any form of garbage (mixed waste, paper, plastics, glass, textiles, bio-waste, liquids, electronics, and metal) in a variety of bins and containers. In October 2020, Recycle Track Systems, Inc., (RTS), a US-based waste management company announced the acquisition of Industrial Organic PBC for an undisclosed amount. This acquisition helps RTS further strengthens its focus on advancing sustainability initiatives in materials management. Industrial Organic PBC is a US-based recycling company that converts food scraps into a high-value resource. North America was the largest region in the waste recycling services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waste recycling services market analysis rqeport are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the waste recycling services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The waste recycling services market includes revenues earned by entities by providing services such as plastic recycling, metal recycling, wood recycling, glass recycling, and WEEE recycling. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The waste recycling services market research report is one of a series of new reports from The Business Research Company that provides waste recycling services market statistics, including waste recycling services industry global market size, regional shares, competitors with a waste recycling services market share, detailed waste recycling services market segments, market trends and opportunities, and any further data you may need to thrive in the waste recycling services industry. This waste recycling services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

E-scrap recycling refers to reprocessing and re-use of electronic wastes. It is a process that seeks to recover material from the electronic waste and in a way, user can use them in new electronic products. The various products involved in e-scrap recycling are IT and telecom equipment, small household appliances, large white goods, consumer electronics, and others. IT and telecom equipment mean computer hardware, software, servers and ancillary equipment, telephones and other telecommunications products, office products such as photocopiers and fax machines, or other technology or equipment that is used in the creation, conversion, or duplication of data or information. The different processed materials include metal, glass, plastic, and others that are used in several applications such as dealing materials, and recycling materials. The global E scrap recycling market is segmented - 1) By Product: IT and Telecom Equipment, Small Household Appliances, Large White Goods, Consumer Electronics, Other Products 2) By Processed Material: Metal, Glass, Plastic, Other Processed Materials 3) By Application: Dealing Materials, Recycling Materials The global e-scrap recycling market size grew from $7.77 billion in 2022 to $8.71 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global e-scrap recycling is expected to grow to $13.05 billion in 2027 at a CAGR of 10.6%. The growing usage of electronic products is expected to propel the e-scrap recycling market growth going forward. Electronic product means any manufactured product or device or part of such a product or device that has an electronic circuit. The need for electronic equipment has increased significantly as a result of technological improvements which makes tons of electronic scraps or electronic waste which can be recycled to reduce carbon footprints and better environmental condition. Computer monitors, motherboards, cell phones and chargers, CDs, headphones, television sets, air conditioners, and refrigerators are examples of common electronic garbage (e-waste). For instance, according to Invest India, an India-based national investment promotion and facilitation agency that helps investors looking for investment opportunities and options in India, in 2020, the global market for electronic devices was worth $2.9 Tn. Furthermore, The Consumer Technology Association (CTA), a US-based standard and trade organization representing 1,376 consumer technology companies in the United States, projected that the consumer technology industry to generate over $505 billion in retail sales revenue for the first time, the projection also represents a 2.8% revenue increase from the 2021’s impressive 9.6% growth over 2020. Therefore, the growing usage of electronic products is driving the growth of the e-scrap recycling market. Major players in the e-scrap recycling market are JX Nippon Mining & Metals Corporation, Enviro-Hub Holdings Ltd., Umicore N.V, Tetronics Environmental Waste Treatment, Stena Metall AB, DOWA HOLDINGS Co., ERI, and Sims Metal Management Limited, Boliden Group, Aurubis AG, Ecoreco Ltd., Electronic Recyclers International, MBA Polymers Inc., Grand Metal Corporation, Global Electric Electronic Processing Inc., and Quantum Lifecycle Partners. Technological Advancements are a key trend gaining popularity in the e-scrap recycling market. Major companies operating in the e-scrap recycling market are focused on developing new technological solutions to strengthen their position. For instance, in September 2022, ANDRITZ, an Austria-based technology group that provides plants, systems, equipment, and services for various industries, launched shredder technology that enables sustainable recycling of e-scrap. The new ADuro G-1600S granulator is equipped with additional wear protection for a higher lifetime. The machine can be maintained easily, reducing downtimes to a minimum and thus achieving higher production. The granulator replaces the existing machine from another supplier. In February 2022, Quantum Lifecycle Partners LP, a Canada-based I.T. asset disposition (ITAD) and electronics recycling service provider acquired TechReset, for an undisclosed amount. Through this acquisition Quantum is poised to deliver greater value, leading to a more sustainable future through the additional reuse and recycling of electronics along with increased end-user asset sales. This is acquisition expected to further bolsters Quantum’s position in the Canadian ITAD space, paving the way for accelerated growth. TechReset is a Canada-based company that specializes in safe e-waste disposal and computer recycling. Europe was the largest region in the e-scrap recycling market in 2022. The regions covered in the global e-scrap recycling market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the e-scrap recycling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The e-scrap recycling market includes revenues earned by entities by recycling various e-scrap and recover the resources (e.g., electric cookers and radios). E-scrap is short for electronic waste and it is the trash generated from broken, obsolete, and the surplus electronic devices. E-scrap recycling helps recover valuable materials from the electronic products that are either old or no longer used. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The e-scrap recycling market research report is one of a series of new reports from The Business Research Company that provides e-scrap recycling market statistics, including e-scrap recycling industry global market size, regional shares, competitors with e-scrap recycling market share, detailed e-scrap recycling market segments, market trends, and opportunities, and any further data you may need to thrive in the e-scrap recycling industry. This e-scrap recycling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Recycled plastic is defined as plastic that has undergone decontamination as part of the recycling process, as well as plastic that has undergone further post-processing but has not yet been converted into recycled plastic products. It involves collecting used plastic waste and turning it into brand-new, functional plastic items. More than a trillion pounds of plastic are produced and used globally. This enormous volume of plastic is recycled to guarantee that it is not wasted. The recycled plastics are used in the manufacturing of containers for beauty products, new plastic bottles, and durable plastics such as plant holders. The main types of recycled plastics are polyethylene terephthalate, polyvinyl chloride, polyethylene, polypropylene, polystyrene, and others. Polyethylene terephthalate is used for the manufacturing of shopping bags, videotapes, water bottles, etc. Polyethylene terephthalate is a condensation polymer of terephthalic acid and ethylene glycol. The different sources include plastic bottles, plastic films, plastic foams, plastic fibers, and others that are used in packaging, textiles, automotive, building and construction, electrical and electronics, and other applications. The global recycled plastics market is segmented - 1) By Type: Polyethylene Terephthalate, Polyvinyl Chloride, Polyethylene, Polypropylene, Polystyrene, Other Types 2) By Source: Plastic Bottles, Plastic Films, Plastic Foams, Plastic Fibers, Other Sources 3) By Application: Packaging, Textile, Automotive, Building And Construction, Electrical And Electronics, Other Applications The global recycled plastics market size grew from $50.07 billion in 2022 to $52.94 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global recycled plastics is expected to grow to $64.05 billion in 2027 at a CAGR of 4.9%. The rising awareness among investors regarding environmental protection is expected to propel the growth of the recycled plastics market going forward. Environmental protection is any action taken to preserve or improve the quality of environmental media by preventing pollution from entering them or reducing their presence there. The use of recycled plastics would be an alternative to protect the environment since, instead of discarding, the plastic would be utilized or recycled for further use. For instance, according to a study named 'Consumer Passion For The Environment Grows As A Result Of The Pandemic', conducted by Mastercard Inc., a US-based financial services corporation among 24 countries and featuring 25,519 adults from respective countries between January 19th and March 5th, 2021, it has been found that 58% of adults are more aware of their environmental impact and 85% are prepared to take personal action to address environmental and sustainability issues in 2021. Therefore, the rising awareness among investors regarding environmental protection is expected to propel the growth of the recycled plastics market going forward. Major players in the recycled plastics market are Rethmann Se & Co. Kg., Biffa Waste Services Ltd., Stericycle Inc., Veolia India Private Limited, Jayplas Limited, KW Plastics, MBA Polymers Inc., Waste Connections Inc., Clean Harbors Inc., Suez India Private Limited, Plastic Recycling Inc., UltrePET LLC, KW Plastics Inc., and Greenotech Recycling Private Limited. Technological advancements are a key trend gaining popularity in the recycled plastics market. Major companies operating in the recycled plastics market are focused on developing new technological solutions to strengthen their position in the market. For instance, in September 2021, Sumitomo Chemical Co., Ltd., a Japan-based chemical company, launched MeguriTM, a new brand for plastic products obtained through recycling technology. MeguriTM refers to a range of recycled plastic items made using chemical or material recycling techniques, including acrylic resin (PMMA, poly-methyl-methacrylate), polyethylene, and polypropylene. It embodies Sumitomo Chemical's founding principle of resolving social challenges through its business activities by representing a circular economy for resources, a circle of people, and circling back to the origin. In April 2022, MOL PLC., a Hungary-based oil and gas company, acquired ReMat Zrt for an undisclosed amount. With this acquisition, MOL would be able to create specialized virgin and recycled solutions to meet the rising demand of its clients for circular materials and MOL's ambition to dominate Central and Eastern Europe's low-carbon circular economy. ReMat Zrt is a Hungary-based company operating in the plastics product manufacturing industry and specializing in plastics recycling, using plastic waste from communal and industrial sources. Asia-Pacific was the largest region in the recycled plastics market in 2022. North America is expected to be the fastest-growing region in the recycled plastics market share during the forecast period. The regions covered in the recycled plastics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the recycled plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The recycled plastic market consists of sales of high-density polyethylene (HDPE) and low-density polyethylene (LDPE). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The recycled plastics market research report is one of a series of new reports from The Business Research Company that provides recycled plastics market statistics, including global market size, regional shares, competitors with a recycled plastics market share, detailed recycled plastics market segments, market trends and opportunities, and any further data you may need to thrive in the recycled plastics industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Polyethylene terephthalate (PET) is a recyclable plastic resin. It is actually a polyester, created by the mixture of two monomers, namely, modified ethylene glycol and purified terephthalic acid. PET is often recycled into new PET containers, carpet, clothing, protective packaging, industrial strapping, automotive parts, construction materials, tennis balls, and tennis ball canisters. The main types of recycled polyethylene terephthalate are clear and colored. The term "clear recycled polyethylene terephthalate" refers to clear PET plastic, which is the most widely recycled plastic in the world. The recycled polyethylene terephthalate is used in various applications such as fiber, sheet and film, strapping, food & beverage containers and bottles, and non-food containers and bottles. They are used by the packaging, electrical and electronics, automotive, and construction industries. The global recycled polyethylene terephthalate market is segmented - 1) By Product: Clear, Colored 2) By Application: Fiber, Sheet and Film, Strapping, Food & Beverage Containers and Bottles, Non-Food Containers and Bottles 3) By End-Use Industry: Packaging, Electrical & Electronics, Automotive, Construction The global recycled polyethylene terephthalate market size grew from $9.01 billion in 2022 to $9.81 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global recycled polyethylene terephthalate is expected to grow to $13.67 billion in 2027 at a CAGR of 8.7%. The increase in demand for sustainable packaging solutions is driving the growth of the recycled polyethylene terephthalate market. According to Placon, the leading designer and manufacturer of plastic thermoforming and injection-molded packaging, the coming decade will see the collection of post-consumer beverage bottles reach close to 100%. Recycling is critical to a sustainable future as it delivers fewer greenhouse gases and generates less waste. Global brands are including more and more recycled content in their packaging to meet consumer demands. The most popular and widely used brands, like Coca-Cola, PepsiCo, Unilever, Danone, and Nestle, have all made commitments to include up to 100% recycled plastic in their packaging. These companies recognize the value of PET, not just from an economical standpoint but also from a holistic sustainability standpoint. Major players in the recycled polyethylene terephthalate market report are Placon Corporation, Verdeco Recycling Midwest Inc., Montello Spa, Antares Chem Private Limited, Indorama Ventures Public Company Limited, Zhejiang Anshun Pettechs Fibre Co. Ltd., PolyQuest Inc., Evergreen Plastics, Phoenix Technologies Ltd., M&G Chemicals S.A, LIBOLON, Clear Path Recycling LLC, BariQ, M&G Chemicals S.A., and OCTAL. Technology advancement activities are a key trend gaining popularity in the recycled polyethylene terephthalate market, such as PET, the XTREME Renew process, and others. Innovative recycling and recovery techniques and technologies have enormous economic value in transforming post-use and difficult-to-recycle plastic. They can be converted into their original building blocks that can be continually reintegrated into supply chains as feedstocks for new plastics and chemicals, other raw materials for manufacturing, and lower-environmental-footprint transportation fuels. Advanced recycling can handle impurities, contamination, mixed polymers, and low-quality, low-density plastics. Other than these printing wastes, manufacturers also utilize PET waste from other streams for this purpose, thus lowering material costs. In 2021, LiquiGlide technology was adopted that removes friction, allowing thick, slow-moving liquids to flow more easily. This was used by Colgate's new clear PET toothpaste container. In June 2021, Indorama Ventures Sustainable Recycling (IVSR), based out of Asheboro, North Carolina, United States, the largest producer of food-grade recycled pellets (Recycled Polyethylene Terephthalate) in the U.S., announced the acquisition of Texas PET recycling facility Carbonlite Holdings LLC. This acquisition deal expands IVSR's recycling capacity to ten billion beverage bottles a year, moving it closer to its global target of recycling 50 billion bottles. Carbonlite Holdings LLC is the world’s largest recycler of plastic beverage bottles. It processes more than 7 billion bottles annually at its facilities in Dallas. Carbonlite Holdings LLC is headquartered in Los Angeles, California, in the United States. Asia-Pacific as the largest region in the recycled polyethylene terephthalate market in 2022. Asia-Pacific is expected to be the fastest-growing region in the recycled polyethylene terephthalate market share the during the forecast period. The regions covered in the recycled polyethylene terephthalate market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the recycled polyethylene terephthalate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The recycled polyethylene terephthalate market consists of sales of recycled polyethylene terephthalate flakes and chips. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The recycled polyethylene terephthalate market research report is one of a series of new reports from The Business Research Company that provides recycled polyethylene terephthalate market statistics, including recycled polyethylene terephthalate industry global market size, regional shares, competitors with a recycled polyethylene terephthalate market share, detailed recycled polyethylene terephthalate market segments, market trends and opportunities, and any further data you may need to thrive in the recycled polyethylene terephthalate industry. This recycled polyethylene terephthalate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Metal products refer to a type of product that has properties including a high melting point, high density and tensile strength, high light reflectivity, malleability, and ductility, as well as strong electrical and thermal conductivity, and is generally formed by processes including turning, drilling, milling, shaping, planing, broaching, and sawing. The main types of metal products are forged and stamped goods, cutlery and hand tools, architectural and structural metals, boiler, tank, and shipping container, hardware, spring and wire products, machine shops, turned product, and screw, nut, and bolt, coated, engraved, and heat-treated metal products, metal valves, and other fabricated metal products. The spring and wire refer to the metal products that are used in home bedding and seating. The metal types are aluminium, beryllium, bismuth, cadmium, cerium, chromium, cobalt, and other metal types. These are used in construction, manufacturing, and other end users. The global metal products market is segmented - 1) By Type: Forged and Stamped Goods, Cutlery and Hand Tools, Architectural and Structural Metals, Boiler, Tank, and Shipping Container, Hardware, Spring and Wire Products, Machine Shops, Turned Product, and Screw, Nut, and Bolt, Coated, Engraved, and Heat Treated Metal Products, Metal Valves, Other Fabricated Metal Products 2) By Metal Type: Aluminum, Beryllium, Bismuth, Cadmium, Cerium, Chromium, Cobalt, Other Metal Types 3) By End User: Construction, Manufacturing, Other End Users Subsegments Covered: Iron and Steel Forged Goods, Nonferrous Forged Goods, Custom Roll Formed Goods, Powder Metallurgy Parts, Metal Crown, Closure, and Other Metal Stamped Goods, Metal Kitchen Cookware, Utensil, Cutlery, and Flatware, Saw Blade and Hand tool, Plate Work and Fabricated Structural Products, Ornamental and Architectural Metal Products, Power Boiler and Heat Exchanger, Metal Tank (Heavy Gauge), Metal Can, Box, and Other Metal Container (Light Gauge), Furniture Hardware, Motor Vehicle Hardware, Builder's Hardware, Other Hardware, Springs, Other Fabricated Wire Products, Machine Shops, Turned Product and Screw, Nut, and Bolt, Heat Treated Metal Products, Coated, Engraved Metal Products and Allied Services to Manufacturers, Electroplated, Plated, Polished, Anodized, and Colored Metal Products, Industrial Valves, Fluid Power Valve and Hose Fitting, Plumbing Fixture Fitting and Trim, Other Metal Valve and Pipe Fitting, Ball and Roller Bearing, Fabricated Pipe and Pipe Fitting, All Other Miscellaneous Fabricated Metal Products. The global metal products market size grew from $2632.6 billion in 2022 to $2851.45 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global metal products market is expected to grow to $3807.64 billion in 2027 at a CAGR of 7.5%. The metal products market has benefitted from the rapid growth in the automotive industry during the historic period. For instance, steel, aluminium and magnesium are some of the metals commonly used in the automotive industry for manufacturing body panels, engines, transmissions and numerous other parts. For instance, according to the India brand equity foundation, automobiles production increased at 2.36% CAGR between FY20 with 26.36 million vehicles being manufactured in the country. The net domestic automobiles sales increased at 1.29% CAGR in FY20 with 21.55 million vehicles that have been sold. Therefore, the rise in demand for automobiles during this period positively impacted the growth of the metal products manufacturing market. Major companies in the metal products market include Stanley Black & Decker Inc., Ball Corporation, Berkshire Hathaway Inc., Techtronic Industries Co. Ltd., Parker-Hannifin Corporation, ArcelorMittal S.A, Assa Abloy AB, China International Marine Containers Group) Ltd., General Electric Company, and Procter & Gamble. Many developed and developing economies are considering imposing restrictions on free trade. Post-Brexit, trade restrictions between the UK and other European countries are likely to increase. The US government has repealed the North American Free Trade Agreement (NAFTA) that created a trilateral trade bloc in North America. These changes can widen the trade competition between countries and reverse the trend towards global free trade. This will affect the demand for metal products, restricting the growth of the market. Many metal products companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reducing potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to the KPMG report, 16% of executives of global metals companies have already invested in robotics for metal manufacturing, 31% of executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest in robotics shortly. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman. The Asia-Pacific was the largest region in the metal products market share in 2022. Western Europe was the second-largest region in the metal products market. The regions covered in the global metal products industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metal products market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The metal products market consists of sales of bars, rods, bolts, pipe fittings, and automotive parts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The metal products market research report is one of a series of new reports from The Business Research Company that provides metal products market statistics, including metal products industry global market size, regional shares, competitors with a metal products market share, detailed metal products market segments, market trends and opportunities, and any further data you may need to thrive in the metal products industry. This metal products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Metal refers to any of a group of materials that generate positive ions quickly and form metallic bonds with other anions, distinguished by a high melting point, high density and tensile strength, high light reflectivity, malleability, and ductility, as well as strong electrical and thermal conductivity and widely used in various areas such as heating for homes and offices, electricity, transportation fuel, and the production of plastics. The main types of metal are iron and steel mills and ferroalloy, processed nonferrous metal, processed alumina and aluminium, foundries, and steel products. The processed alumina and aluminium refer to the aluminium that is processed through metal casting. The metal types are aluminium, beryllium, bismuth, cadmium, cerium, chromium, cobalt, and other metal types. These are used in construction, manufacturing, and other end users. The global metal market is segmented - 1) By Type: Iron and Steel Mills and Ferroalloy, Processed Nonferrous Metal, Processed Alumina and Aluminum, Foundries, Steel Products 2) By Metal Type: Aluminum, Beryllium, Bismuth, Cadmium, Cerium, Chromium, Cobalt, Other Metal Types 3) By End User: Construction, Manufacturing, Other End Users Subsegments Covered: Crude Steel, Pig Iron, Ferroalloys, Smelted and Refined Nonferrous Metal (except Aluminum), Rolled, Extruded and Alloyed Copper, Rolled and Extruded Nonferrous Metal (except Copper and Aluminum), Secondary Smelted, Refined and Alloyed Nonferrous Metal (except Copper and Aluminum), Aluminum Products From Purchased Aluminum, Secondary Smelted and Alloyed Aluminum, Refined Alumina and Primary Aluminum Production, Ferrous Metal Foundries, Nonferrous Metal Foundries, Iron and Steel Pipe and Tube, Rolled and Drawn Steel The global metal market size grew from $3940.17 billion in 2022 to $4230.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global metal market is expected to grow to $5464.83 billion in 2027 at a CAGR of 6.6%. The global demand for copper is expected to increase during the forecast period, driving the metal manufacturing market. According to a report by Fitch Solutions, global copper demand is expected to increase to 29 .8 million tons by 2027, with an annual growth rate of 2.6%. Significant growth in demand for copper is expected to come from electric vehicles, appliances, air conditioners, refrigerators and other electrical and electronics products. For instance, electric vehicles require approximately 130 lb. of additional copper, compared to vehicles with an internal combustion engine. Additional demand for 600,000 tons of copper by 2027 is expected to come from electric vehicles, thereby driving the market going forward. Major companies in the metal market include POSCO, Baoshan Iron & Steel Co.Ltd., ArcelorMittal S.A., Nippon Steel & Sumitomo Metal Corporation, Jiangxi Copper Company, JFE Holdings Inc., Glencore International, Hyundai Steel Company, Nucor Corp, and TATA Steel Group. Geopolitical tensions are expected to hurt the metal manufacturing market during the forecast period. Repercussions of geopolitical tensions include sanctions on Russia, trade protectionism and heightened military tensions in the Middle East. Sanction on Russia was related to the violation of the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed tariffs on $550 billion worth of Chinese goods including metals and metal products as of January 2020. Continued violence and terrorism in the Middle East and other parts globally are also expected to hurt the market. Automated manufacturing systems are gaining popularity as they enhance manufacturing productivity and reduce operating costs. Automation systems refer to a machine, tool, or technology such as robotics and AI that helps to reduce human intervention and improve safety in metal manufacturing processes such as processing, assembling, and material handling. This allows metal manufacturing companies to increase efficiency and production, improve safety on the manufacturing floor, enhance product quality, perform complex and varied tasks, enhance process stability, provide flexibility to produce products, and eliminate routine manual tasks. For instance, in November 2021, ABB Limited, a Switzerland-based manufacturing technology company, launched a smart factory solution. The new system is exceptional because it provides powerful real-time ladle tracking in addition to automated crane scheduling, a predictive thermal modeling engine, and other features. The tracking engine continuously monitors the movement of ladles using cranes and transfer carriages. In comparison to radio-frequency identification (RFID) solutions, radar and laser positioning technologies offer precise vision while requiring less hardware and maintenance. Job forecasting, route planning, and automatic job acknowledgment are all part of the automated crane scheduling process. The Asia-Pacific was the largest region in the metal market share in 2022. Western Europe was the second-largest region in the metal market. The regions covered in the global metal market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metal market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The metal market consists of sales of ferrous, non-ferrous, and alloys of metals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The metal market research report is one of a series of new reports from The Business Research Company that provides metal market statistics, including metal industry global market size, regional shares, competitors with a metal market share, detailed metal market segments, market trends and opportunities, and any further data you may need to thrive in the metal industry. This metal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A machine is an equipment with several moving parts that are mechanically, electrically, or electronically operated to perform a specific task. The main types of machinery are automatic and semi-automatic. Automatic machinery refers to machinery that works automatically without human intervention. The specificities are small, medium, and large. The various applications are automotive, precision engineering, transport, and other applications. The global machinery market is segmented - 1) By Type: Automatic, Semi-Automatic 2) By Capacity: Small, Medium, Large 3) By Application: Automotive, Precision Engineering, Transport, Other Applications Subsegments Covered: Construction Machinery, Agricultural Implement, Mining And Oil And Gas Field Machinery, Woodworking And Paper Machinery, Other Industrial Machinery, Printing Machinery And Equipment, Semiconductor Machinery, Food Product Machinery, Other Commercial And Service Industry Machinery, Photographic And Photocopying Equipment, Optical Instrument And Lens, HVAC And Commercial And Industrial Refrigeration Equipment, Commercial Fan And Air Purification Equipment, Heating Equipment (except Warm Air Furnaces), Special Die And Tool, Die Set, Jig, And Fixture, Machine Tool, Industrial Mold, Rolling Mill And Other Metalworking Machinery, Cutting Tool And Machine Tool Accessory, Commercial Internal Combustion Engines, Turbine And Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-Speed Drive, And Gear The global machinery market size grew from $3,542.77 billion in 2022 to $3,810.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global machinery market is expected to grow to $4,928.07 billion in 2027 at a CAGR of 6.6%. Rapid advances in technology are expected to drive innovation in machinery manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs, and higher margins. For instance, according to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on a company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to increase product portfolios and enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, and central feedback systems and to offer other services. Mobile applications, advanced sensors, and embedded software also created new opportunities for companies in this market. These factors are expected to drive the machinery manufacturing market during the forecast period. Major companies in the machinery market include Caterpillar Inc., Deere & Company, Hitachi Ltd., Mitsubishi Heavy Industries Ltd., Komatsu Ltd., Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co Ltd., Canon Inc., and Tetra Laval International S.A. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the machinery manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the machinery manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. HVAC systems are being integrated with building automation systems for the overall management of a building to maximize energy efficiency. BAS receives analog or digital inputs from the sensors installed in HVAC and the integrated system is managed by a single dashboard accessed from a computer. These integrated systems improve building performance, save energy, and shrink the environmental footprint. HVAC systems account for 60-70% of the total energy consumption of a typical commercial building, thus integrated systems enable commercial establishments to reduce power consumption. For example, advanced BAS technology integrates lighting, water, elevators, security, and HVAC systems into a single automated platform. An integrated lighting and HVAC system automatically controls the lighting and temperature to ideal levels, thus reducing energy consumption and costs. GE and Trane are offering solutions that integrate HVAC with BAS. The Asia-Pacific was the largest region in the machinery market in 2022. Western Europe was the second largest region in the machinery market. The regions covered in the this machinery market analyis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machinery market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The machinery market consists of sales of industrial and commercial machinery such as farm machinery and equipment, construction machinery, oil and gas field and underground mining machinery and equipment, food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), printing and binding machinery and equipment, photographic and photocopying equipment, automatic vending machinery, commercial laundry and dry-cleaning machinery, office machinery, automotive maintenance equipment (except mechanics' hand tools), commercial-type cooking equipment and machinery for making paper products, textiles, plastic products, rubber products and optical instruments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. the value of goods in this market includes related services sold by the creators of the goods. The machinery market is segmented into agriculture, construction, and mining machinery; industrial machinery; commercial and service industry machinery; ventilation, heating, air-conditioning, and commercial refrigeration equipment; metalworking machinery; engine, turbine, and power transmission equipment; and other general purpose machinery. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The machinery market research report is one of a series of new reports from The Business Research Company that provides machinery market statistics, including machinery industry global market size, regional shares, competitors with a machinery market share, detailed machinery market segments, market trends, and opportunities, and any further data you may need to thrive in the machinery industry. This machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The metals manufacturing market consists of sales of metals by entities ((organizations, sole traders and partnerships) that operate iron and steel foundries, iron and steel mills, and/or ferroalloy manufacturing businesses, and/or entities that undertake alumina and aluminium production and processing. The main types of metal manufacturing are iron and steel mills and ferroalloy manufacturing, nonferrous metal production and processing, alumina and aluminium production and processing, foundries, and steel product manufacturing. Steel product manufacturing refers to the products rolled, formed, shaped, drawn, extruded, forged, cast, fabricated or processed, or processed by a combination of two or more or such operations, from steel made by the open heath, basic oxygen, electric furnace, Bessemer or other steel making process. The metal types are aluminium, beryllium, bismuth, cadmium, cerium, chromium, cobalt, and other metal types. The various end-users involved are construction, manufacturing, and others. The global metal manufacturing market size is expected to grow from $3,023.2 billion in 2021 to $3,425 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The global metal manufacturing market size is expected to grow to $4,542.55 billion in 2026 at a CAGR of 7.3%. Industrial robotics is gaining traction among companies in the metals industry. This is mainly because industrial robotics aids companies in reducing labour costs, improving workplace safety, and driving productivity and efficiency. Industrial robots have widespread applications in the metals industry performing tasks such as material handling, arc welding, spot welding, cutting, and press tending. According to a KPMG report, 42% of executives of global metals companies are willing to invest significantly in robotics. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman. Major players in the metals manufacturing market are Arcelor Mittal, POSCO, Nippon Steel & Sumitomo Metal, JFE, and TATA Steel Group. Asia Pacific was the largest region in the metal manufacturing market in 2021. Western Europe was the second-largest region in the global metal manufacturing market. The regions covered in the global metal manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metal manufacturing market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The global metal manufacturing market is segmented - 1) By Type: Iron and Steel Mills and Ferroalloy Manufacturing, Nonferrous Metal Production and Processing, Alumina and Aluminum Production and Processing, Foundries, Steel Product Manufacturing 2) By Metal Type: Aluminum, Beryllium, Bismuth, Cadmium, Cerium, Chromium, Cobalt, Others 3) By End-User: Construction, Manufacturing, Others Subsegments Covered: Crude Steel, Pig Iron, Ferroalloys, Nonferrous Metal (except Aluminum) Smelting and Refining, Copper Rolling, Drawing, Extruding, and Alloying, Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding, Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum), Aluminum Product Manufacturing from Purchased Aluminum, Secondary Smelting and Alloying of Aluminum, Alumina Refining and Primary Aluminum Production, Ferrous Metal Foundries, Nonferrous Metal Foundries, Iron and Steel Pipe and Tube Manufacturing, Rolling and Drawing