Global Metal Recycling Equipment Market Report Size, Trends & Growth Opportunity, By Product, By End User, By Machine type, By Region and forecast till 2027
Report ID : QR1001338 | Industries : Others | Published On :January 2022 | Page Count : 246Global Metal Recycling Equipment Market
A process of collecting the old scrap of metals and converts them into useful products is called as Metal recycling. Metal recycling equipment is gaining attention, owing to the increasing problems associated with the disposal of metal waste that is being generated across the globe. Metal recycling allows manufacturers to acquire raw materials for the production of finished goods without corrupting their properties. Moreover, it is cheaper than the primary production of metal.
Market Drivers
The rising demand for metal products worldwide, along with the low cost of recycled metal products is also projected to fuel the demand for metal recycling equipment in the global market. Increasing awareness for sustainable management practices can enhance the market growth. Growing demand from the aluminium industry is also one of the driving factors of the market. Speedy industrialization, coupled with rising urbanization and increasing disposable income in developing economies like China, India, and some ASEAN countries is also promoting waste recycling activities, hence expected to create substantial demand for metal recycling equipment in the future.
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Market Restraints
Factors which mainly restraining the industry growth are high-costs associated with recycling processes, difficulty in metal sorting, and impurities in metal recycled products. Unorganized flow of waste metals and less scrap collection zones can also be the major challenges for the market growth.
Market Segmentation
Global Metal Recycling Equipment Market is segmented into major 4 categories. Based on Product, the market is segmented into Aluminium, Steel, Copper & Others. Based on End User, the market is segmented into Construction, Automotive, Consumer Goods, Building & Construction, Equipment Manufacturing. Based on Machine type, the market is segmented into Shredders, Briquetting Machines, Shears, Granulating Machines and others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Asia-Pacific (APAC) dominates the global market for the metal recycling business because of high development in the construction and automotive sector that widely requires recycled metals for their further processing.
Metal production in Europe is substantially smaller than Asia Pacific. Though, the usage of recycled scrap for secondary metal production in Europe is relatively more. The increasing emphasis on the circular economy in Europe coupled with strict government regulations on energy usage plays a main role in promoting market growth in Europe.
Market Key Players
Some of the key players operating in Global Metal Recycling Equipment Market are ArcelorMittal, Nucor Corporation, Commercial Metals Company, SIMS Metal Management Limited, Aurubis AG, European Metal Recycling Limited, Tata Steel, Dowa Holdings Co., Ltd., OmniSource Corporation, Schnitzer Steel Industries, Inc.
Industry development
In June 2019, Tata Steel made an announcement of its plan to launch its first recycling plant in the state of Haryana, India. This strategic initiative is aimed at helping the company to gain an early mover advantage in the Indian market landscape.
In 2018, ArcelorMittal reportedly recycled 31 million tons of scrap steel, which was a part of the company’s own primary operations. The scrap was then purchased to be reused in the company’s furnaces
Global Metal Recycling Equipment Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Metal Recycling Equipment Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Metal Recycling Equipment Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Metal Recycling Equipment Market Share Analysis, By Product
5.3 Metal Recycling Equipment Market Size and Forecast, By Product
5.3.1 Steel
5.3.2 Aluminium
5.3.3 Copper
5.3.4 Others
6 Metal Recycling Equipment Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Metal Recycling Equipment Market Share Analysis, By End User
6.3 Metal Recycling Equipment Market Size and Forecast, By End User
6.3.1 Construction
6.3.2 Automotive
6.3.3 Consumer Goods
6.3.4 Building & Construction
6.3.5 Equipment Manufacturing
7 Metal Recycling Equipment Market, By Machine type
7.1 Y-o-Y Growth Comparison, By Machine type
7.2 Metal Recycling Equipment Market Share Analysis, By Machine type
7.3 Metal Recycling Equipment Market Size and Forecast, By Machine type
7.3.1 Shredders
7.3.2 Briquetting Machines
7.3.3 Shears
7.3.4 Granulating Machines
7.3.5 Others
8 Metal Recycling Equipment Market, By Region
8.1 Metal Recycling Equipment Market Share Analysis, By Region
8.2 Metal Recycling Equipment Market Share Analysis, By Region
8.3 Metal Recycling Equipment Market Size and Forecast, By Region
9 North America Metal Recycling Equipment Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Metal Recycling Equipment Market Share Analysis, By Product
9.3 North America Metal Recycling Equipment Market Size and Forecast, By End User
9.4 North America Metal Recycling Equipment Market Size and Forecast, By Machine type
9.5 North America Metal Recycling Equipment Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Metal Recycling Equipment Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Metal Recycling Equipment Market Share Analysis, By Product
10.3 Europe Metal Recycling Equipment Market Size and Forecast, By End User
10.4 Europe Metal Recycling Equipment Market Size and Forecast, By Machine type
10.5 Europe Metal Recycling Equipment Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Metal Recycling Equipment Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Metal Recycling Equipment Market Share Analysis, By Product
11.3 Asia Pacific Metal Recycling Equipment Market Size and Forecast, By End User
11.4 Asia Pacific Metal Recycling Equipment Market Size and Forecast, By Machine type
11.5 Asia Pacific Metal Recycling Equipment Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Metal Recycling Equipment Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Metal Recycling Equipment Market Share Analysis, By Product
12.3 Latin America Metal Recycling Equipment Market Size and Forecast, By End User
12.4 Latin America Metal Recycling Equipment Market Size and Forecast, By Machine type
12.4 Latin America Metal Recycling Equipment Market Size and Forecast, By Network Product
12.5 Latin America Metal Recycling Equipment Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Metal Recycling Equipment Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Metal Recycling Equipment Market Share Analysis, By Product
13.3 Middle East Metal Recycling Equipment Market Size and Forecast, By End User
13.4 Middle East Metal Recycling Equipment Market Size and Forecast, By Machine type
13.5 Middle East Metal Recycling Equipment Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 ArcelorMittal
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Nucor Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Commercial Metals Company
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies