The global metal recycling equipment market is poised for remarkable growth, with an estimated value of US$ 7.26 billion in 2023 and a staggering projection of US$ 18 billion in sales by the end of 2033. This marks a significant increase from the US$ 6.9 billion recorded in 2022. Such substantial growth can be attributed to several key factors driving the demand for metal recycling equipment.

One of the primary drivers behind this surge is the escalating concerns surrounding metal waste management. As environmental consciousness continues to grow globally, industries are facing increasing pressure to adopt sustainable practices. Recycling metals not only conserves valuable resources but also minimizes the environmental impact of mining and production.

Additionally, the growing trend of utilizing recycled products is contributing to the rising demand for metal recycling equipment. As consumers and businesses alike seek eco-friendly alternatives, the market for recycled metals and products made from them is expanding. This shift towards sustainable sourcing and consumption is reshaping the industrial landscape.

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Key Takeaways from Metal Recycling Equipment Market:

• The Asia-Pacific holds the largest market share. It, in fact, contributes for more than 40% of the overall revenue. This could be credited to a noteworthy increase in acquisitions, mergers, site relocations, and integration activities all across. The government of China altered the import limitations regarding copper and aluminum in January 2021, which is expected to bolster the metal recycling equipment market.
• MEA alone is expected to witness a CAGR of ~5% in the metal recycling equipment market. This could be reasoned with growing investments in textile equipment, aircraft production, and fabrication of metallic items.
• North America and Europe are witnessing steadiness in the metal recycling equipment market and expected to continue to be the same even going forward.

“The fact that metals have pretty good recyclability and sustainability is likely to take the metal recycling equipment to a new ‘high’ in the near future”, says an analyst from Future Market Insights.

Competitive Analysis:

• Metso Outotec, in October 2021, did launch an index online tool with the objective of gathering, combining, and analyzing data, and ultimately evaluating metal recycling equipment.
• LEFORT, around the same time, did announce sales of KOLOSS 200T. It is expected to be on floor by the end of 2022.
• ArcelorMittal, in November 2019, made an investment in novel sustainability program in Europe with the objective of securing ‘Responsible Steel’ site certification for every site of ArcelorMittal Europe – Flat Products.
• Aurubis AG, in May 2019, completed acquisition of Belgian-Spanish Metallo Group for continuing with multi-metal recycling strategy. The multi-metal portfolio constitutes key metals such as lead, zinc, tin, nickel, and copper.
• Nucor Corporation, in May 2019, did announce capital investment to enable production of engineered bar products to cater to quality specifications in industry. The operations began in late 2020.

Key Players:

• 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
• Others

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Key Segments Profiled in the Metal Recycling Equipment Market Survey:

By Metal Type:

• Ferrous
• Non-Ferrous

By Machine Type:

• Shredders
• Briquetting Machines
• Shears
• Granulating Machines
• Others

By End Use:

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

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa