Metal Recycling Equipment Market

Metal Recycling Equipment Market Snapshot

The global metal recycling equipment market size is estimated to total US$ 6.9 Bn in 2022. The sales of metal recycling equipment are expected to exceed US$ 11.5 Bn by the end of 2032, in comparison to the US$ 6.5 Bn registered in 2021. Driven by the growing concerns regarding metal waste management and using recycled products, the demand for metal recycling equipment is projected to rise at a CAGR of around 6% to 7% CAGR during the forecast period 2022-2032.

Metal recycling equipments are industrial machineries such as shredders, briquetting machines, granulating machines, baler presses, extruders, and others that are used for recycling metal waste applications including collection & sorting, grinding, processing, melting, and purification.

Which are Key Opportunities Augmenting the Metal Recycling Equipment Market Growth

Metal recycling equipment is garnering huge traction, due to the increasing problems associated with the proper disposal of metal waste that is being generated worldwide. Metal is one of the most crucial elements used in the manufacturing of a wide range of products, including mechanical equipment, automotive components & parts, electronic appliances, beverage containers, construction material, furniture others.

Thus, the recycling of existing metals is beneficial for catering to the surging demand for metal products globally. In addition to this, rising strict government regulations on recycling for efficient utilization of natural resources and waste management are anticipated to create high revenue generation opportunities in the global market.

What are the Restraints Dampening the Sales of Metal Recycling Equipment in the Market

Extravagant cost of metal recycling equipment such as extruders, briquetting machines, granulating machines, and other is hindering the adoption of these machineries across small and medium-sized enterprises, thereby, hampering the market growth.

In addition to this, excessive wear and tear of parts such as wear ring, ram, die, barring, split die, and others along with high consumption of electricity and fuels are impeding the sales of metal recycling equipment in the market.

Why is Asia Pacific Excluding Japan Accounting for the Largest Share in the Global Metal Recycling Equipment Market

Asia Pacific excluding Japan is anticipated to emerge as the most lucrative market for metal recycling equipment during the forecast period 2022-2032, reveals FMI.

As the trend of urbanization and industrialization continues to create deeper inroads across Asia Pacific, a substantial rise in building and construction activities is being witnessed in countries such as China, India, South Korea, Australia, and others.

This, in addition to increasing production and sales of automotive vehicles, is creating a huge demand for metal and metal products. Hence, numerous metal manufacturing and recycling companies are focusing on expanding their metal processing and recycling capacity to cater to this growing demand. This is projected to bolster the sales of metal recycling equipment in the Asia Pacific excluding Japan.

Nikhil Kaitwade

Principal Consultant

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What is the Growth Prospect for the Metal Recycling Equipment Market Growth Across Western Europe

As per Future Market Insights, Western Europe is estimated to account for a significant share in the global metal recycling equipment market between 2022 and 2032.

Due to the increasing demand for the metal, expanding metallurgy industry, and growing recycling activities in Europe, a swift rise in the adoption of metal recycling equipments is being witnessed across the U.K., Germany, Italy, and others.

Hence, leading players are aiming at launching novel products to capitalize on existing opportunities. For instance, in 2021, CMG SpA, an Italian manufacturer of metal machinery announced introducing a new range of low-speed screen-less metal granulators with zero metal contamination and innovative rotor design. A multiplicity of such new product launches is projected to favor the growth in the Western Europe market.

Market Competition

Some of the leading players in the metal recycling equipment market are Nucor Corporation, CMG SpA, JMC Recycling Systems Ltd., Commercial Metals Company, SMIS Metal Management Limited, Hitachi Construction Machinery Co., Ltd., Metso Corporation, CP Manufacturing Inc., Green Machine Sales LLC, and others.

The market is highly competitive attributed to the presence of such a large number of participants and increasing adoption of product launch and collaboration, partnership, and acquisition strategies.

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Report Scope

Key Segments Profiled in the Metal Recycling Equipment Market Survey

By Metal Type:

• Metal
• Ferrous
• Non-Ferrous
• Alloys & Composites

By Machine Type:

• Shredders
• Briquetting Machines
• Shears
• Granulating Machines
• Baler Presses
• Agglomerator
• Extruders
• Others

By End Use:

• Automotive
• Building & Construction
• Ship Building
• Equipment Manufacturing
• Packaging
• Consumer Appliances
• Others

By Region:

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