Market Research Report
Metal Recycling Equipment Global Market Report 2022
|Metal Recycling Equipment Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Metal Recycling Equipment Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global metal recycling equipment market.
This report focuses on metal recycling equipment market which is experiencing strong growth. The report gives a guide to the metal recycling equipment market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the metal recycling equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Metal Recycling Equipment market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider metal recycling equipment market, and compares it with other markets.
Major players in the metal recycling equipment market are: 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, and General Kinematics India Pvt Ltd.
The global metal recycling equipment market is expected to grow from $5.83 billion in 2021 to $6.18 billion in 2022 at a compound annual growth rate (CAGR) of 6.08%. The growth is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $7.99 billion in 2026 at a CAGR of 6.62%.
The metal recycling equipment market consists of sales of metal recycling equipment by entities (organizations, sole traders, and partnerships) used to recycle metals. Metal recycling is the process of removing waste metal, preparing it, and creating new metal material. This recycled metal can be utilised to make metal products, which can then be recycled once used or not needed.
The main metal recycling equipment machine types include shredders, briquetting machines, shears, and granulating machines. Metal recycling shredders are used for processing a wide range of metal scrap. Metal shredders are utilised in metal recycling applications to reduce the waste to a uniform shape and size for separation and further processing. The different types of materials include metal, ferrous, non-ferrous, and alloys and composites used in a variety of applications such as automotives, building and construction, ship building, equipment manufacturing, packaging, and consumer appliances.
Asia-Pacific was the largest region in the metal recycling equipment market in 2021 and is also expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Increasing government regulations on waste management and recycling across the globe are driving the growth of the metal recycling equipment market. Metals such as aluminium and copper can be recycled to save a lot of energy and natural resources. It also helps to reduce greenhouse gases such as carbon dioxide, carbon monoxide, and nitrous oxide. Environmental protection agencies (EPA) are working with environmental officials and governments around the world on waste management and recycling. For example, in 2021, the government of India announced a Metal Recycling Authority to promote organised recycling of key non-ferrous metals such as aluminum, copper, zinc, and lead. The authority will oversee the formulation of quality standards, certification, and process standards for recycling. Thus, increasing government regulations on waste management and recycling are contributing to the growth of the market.
Continuous research and development is a key trend gaining popularity in the metal recycling equipment market. For instance, in 2021, Japan-based manufacturer of cement products, copper and aluminium products, Mitsubishi Materials Corporation, has begun joint research with metal recycling company, Emulsion Flow Technologies Ltd. (EFT), on metal recycling technology utilising the emulsion-flow technique, which is an updated solvent extraction method. Emulsion-flow is a solvent extraction method that allows for high-efficiency metal extraction and a significant reduction in environmental impact. The technology offers ease of size reduction of equipment and automation of control, has low running costs, and high oil/water separation ability, offering reduced environmental impact.
In May 2020, Aurubis AG, a Germany-based copper smelting and refining facility operator, acquired Metallo Group for €
380 million ($418 million). The deal strengthens Aurubis' metal portfolio, especially in the key metals of copper, nickel, tin, zinc, and lead. Metallo is a Germany-based technology company that maintains recycling materials with low metal content.
The countries covered in the metal recycling equipment market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.