The global scrap metal shredder market size reached US$ 917 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,053 Million by 2028, exhibiting a growth rate (CAGR) of 2.14% during 2023-2028. The growing demand for recycled metal, rising prices of metal, increasing availability of raw materials, several government regulations to encourage recycling and reduce waste, and advancements in technology represent some of the key factors driving the market.
A scrap metal shredder is a machine used to break down and shred large pieces of metal into smaller, more manageable pieces. A shredder is typically used to reduce the size of metal waste before it is melted down and re-purposed. It works by feeding the metal waste into a large rotating drum, which is fitted with metal teeth. As the drum rotates, the teeth shred the metal into small pieces. The shredded metal is then separated from other materials, such as plastics or glass, using magnets and other sorting equipment. By reducing the size of metal waste, shredders make it easier and more cost-effective to transport and process the materials. A scrap metal shredder also helps to reduce the environmental impact of metal recycling by reducing the amount of energy needed to melt down the metal and create new products. In recent years, scrap metal shredders are gaining traction due to their extensive employment in the metal recycling industry.
Scrap Metal Shredder Market Trends:
One of the primary factors driving the market is the growing demand for recycled metal. Scrap metal shredders are more economical and easier to recycle metal waste. Apart from this, with the increasing concerns about the environmental impact of industrial activities, various industries are turning to recycling as a way to reduce their carbon footprint. Additionally, as new sources of scrap metal become available, such as end-of-life vehicles and discarded appliances, the demand for shredders to process these materials increases. Other than this, the rising metal prices can make it more profitable to recycle scrap metal, thus further driving demand for shredders. Besides this, advancements in technology are also creating a positive market outlook for the scrap metal shredder market. For instance, new shredder designs, such as those with improved automation and energy efficiency, are making it easier to operate shredders. In line with this, the integration of sensors and data analytics is allowing shredder operators to optimize their operations and increase efficiency. Furthermore, governments od various nations are implementing regulations and incentives to encourage recycling and reduce waste. For example, the European Union has set targets for member states to recycle at least 50% of their municipal waste by 2020. Such regulations and incentives create a favorable outlook for the scrap metal shredder market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global scrap metal shredder market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on the type, design, and application.
The report has provided a detailed breakup and analysis of the scrap metal shredder market based on the type. This includes diesel and electric.
- Low-Speed High-Torque Shredder
- Single-Shafted Shredder
A detailed breakup and analysis of the scrap metal shredder market based on the design has also been provided in the report. This includes low-speed high-torque shredder, pre-shredder, single-shafted shredder, and others.
- Ferrous Metals
- Heavy Scrap
The report has provided a detailed breakup and analysis of the scrap metal shredder market based on the application. This includes ferrous metals, automobile, E-scrap, heavy scrap, steel, turnings, firearms, and others. According to the report, ferrous metals represented the largest segment.
- North America
- United Kingdom
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for scrap metals. Some of the factors driving the North America scrap metal market included industrial and construction activities, environmental sustainability initiatives, and global demand for metal.
The report has also provided a comprehensive analysis of the competitive landscape in the global scrap metal shredder market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Advance Hydrau-Tech Pvt. Ltd., FOR REC s.P.A., Fornax Technology Pvt. Ltd., Granutech-Saturn Systems, Komar Industries Inc., MOCO Machinen-und Apparatebau GmbH & Co. KG, SSI Shredding Systems Inc., UNTHA Shredding Technology GmbH, Vecoplan AG (MAX Automation SE), WEIMA, Williams Patent Crusher and Pulverizer Co. Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
||Low-Speed High-Torque Shredder, Pre-Shredder, Single-Shafted Shredder, Others
||Ferrous Metals, Automobile, E-Scrap, Heavy Scrap, Steel, Turnings, Firearms, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Advance Hydrau-Tech Pvt. Ltd., FOR REC s.P.A., Fornax Technology Pvt. Ltd., Granutech-Saturn Systems, Komar Industries Inc., MOCO Machinen-und Apparatebau GmbH & Co. KG, SSI Shredding Systems Inc., UNTHA Shredding Technology GmbH, Vecoplan AG (MAX Automation SE), WEIMA, Williams Patent Crusher and Pulverizer Co. Inc., etc.
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Key Questions Answered in This Report:
- How has the global scrap metal shredder market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global scrap metal shredder market?
- What is the impact of each driver, restraint, and opportunity on the global scrap metal shredder market?
- What are the key regional markets?
- Which countries represent the most attractive scrap metal shredder market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the scrap metal shredder market?
- What is the breakup of the market based on the design?
- Which is the most attractive design in the scrap metal shredder market?
- What is the breakup of the market based on application?
- Which is the most attractive application in the scrap metal shredder market?
- What is the competitive structure of the global scrap metal shredder market?
- Who are the key players/companies in the global scrap metal shredder market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the scrap metal shredder market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global scrap metal shredder market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the scrap metal shredder industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.