Cable Granulator Market

Cable Granulator Market Overview

The global cable granulator market witnessed slow year-on-year growth rate during the last few years due to COVID-19 impact. However, with the resumption of industrial processes and increasing need for separating copper from cable plastics, the overall sales are anticipated to rises at a healthy CAGR of around 5.5% to 6.0% between 2022 and 2032, surpassing a valuation of over US$ 4.3 Billion by 2032.

Cable granulators have become the most popular scrap copper wire recycling machines used across various end-use industries including automotive, electrical & electronics, consumer appliances, and industrial machinery.

These machines work on crushing and separating principle, wherein they initially crush the copper wires or cables and then separate copper granulators from insulation granules. They are compact and high output machines that offer various attractive benefits such easy operating mode, ecofriendly nature, and pollution reduction.

Rising adoption of cable granulators for separating or recovering essential metals form wires and cables is proving a major thrust to the growth of cable granulator market and the trend is likely to continue in the future.

Moreover, factors such as rapid urbanization and increasing investments for expanding cable transmission network are projected to generate sales prospects for cable granulators during the forecast period.

Which are Some Prominent Drivers Spearheading Cable granulator Market Growth?

Rising need for preserving limited natural resources, rapid expansion of power and mobile cable transmission networks, technological advancements in cable granulators, and increasing adoption of cable granulators across diverse industries such as automotive, electric & electronics and building & constriction for recovering essential metals are some of the factors driving the global cable granulators market.

Cable granulators have emerged as innovative environmental protection machines used to recycle a variety of cables and electric wires. They have significantly made the recovering of metals and other essential materials easy and cost efficient across various industries. Rising adoption of cable granulators for fast recovery of metals will continue to provide a major thrust to the growth of cable granulators market during the forecast period.

Similarly, growing trend of adopting automation across industries is emerging as a key factor fueling the adoption of cable granulators. They machines offer high recovery rates (around 95% to 99%) and are suitable for separating products on larges scales.

As the focus continue to shift towards recycled products, demand for cable granulators is slated to increase at a substantial pace during the forecast period. Various initiatives are being launched by government and other regulatory organizations to reduce waste and facilitate sustainable development. This in turn is prompting industries to employ recycling machines like cable granulators.

Furthermore, growing trend of smart meters and smart grids coupled with privatizations of electricity will generate lucrative growth opportunities for the key market players in the future.

What are the Challenges Faced by the Cable granulator Industry?

Despite its optimistic stance, penetration of cable granulators remains poor across various developing and underdeveloped regions due to lack of awareness among general masses regarding the uses and benefits of cable granulators and high cost associated with heavy cable granulators.

Similarly, rising popularity of internet protocol television (IPTV) CDN and satellite-based networks is limiting the growth of cable granulators market. Adoption of these technologies minimizes the need for transmission cables to a large extent.

Why is Asia-Pacific Emerging as an Opportunistic Cable Granulator Market?

As per FMI’s latest study, the Asia Pacific cable granulators market is expected to grow at a relatively faster CAGR over the forecast period from 2022 to 2032. Growth in the market in driven by increasing need for recycling and preserving metals, expansion of end-use industries, rising government support, and heavy presence of leading market players across countries like China and India.

China, one of the fastest growing economies across East Asia, has emerged as a leading manufacturer and exporter of cable granulator machines. The country has a strong base of cable granulator manufacturers that significantly contribute to the global market growth.

Similarly, growing popularity of cable granulators in India and South Korea is creating growth prospects for the market players and the trend is likely to continue in the future.

Nikhil Kaitwade

Principal Consultant

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What is the Growth Projection for North America Cable Granulator Market?

According to Future Market Insights, North America will continue to remain one of the most lucrative markets for cable granulators during the forecast period, owing to the heavy presence of leading end-use industries, growing focus towards reducing pollution and rising penetration of automation.

Countries like the United States and Canada are witnessing huge demand for cable granulators due to increasing adoption of cables and cable assemblies across telecommunications, military sector and transmission networks.

Market Competition

Some of the key participants present in the global cable granulator market include Qizheng Machinery Co., Ltd., Redoma Recycling AB, San LAN International Co., Ltd., Shanghai Winner Industrial Inc., Changshu Shouyu Machinery Co., Ltd., Guidetti Recycling Systems, Zhengzhou Gofine Machine Equipment Co., Ltd., Jiangsu Jingliang New Energy Co., Ltd., and Zhangjiagang Tairong Machinery Co., Ltd.

These market players are continuously focusing on developing compact and cost-efficient products so that they can penetrate lucrative markets of Asia and Africa. Besides this they are adopting growth strategies such as mergers, collaborations, partnerships and strengthening of distribution channels to gain a competitive edge in the market.

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Report Scope

Key Segments Profiled in the Cable Granulator Industry Survey

By Product Type:

• Dry Type Copper Cable Granulator
• Wet Type Copper Cable Granulator
• Static Type Copper Cable Granulator

By Capacity:

• High Capacity (More Than 300 (t/h)
• Medium Capacity (200 t/h - 299 t/h)
• Low Capacity (less than 200 t/h)

By End-Use Industry:

• Automotive
• Industrial Machinery
• Shipbuilding
• Building and Construction
• Electrical and Electronics
• Consumer Appliances
• Others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa