Metal Shredder Machine Global Market Report 2024

The metal shredder machine market has grown strongly in recent years. It will grow from $10.1 billion in 2023 to $10.67 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historical period can be attributed to factors such as the increase in metal scrap generation, the influence of environmental regulations, the value of scrap metal, the growth in industrialization, and initiatives promoting the circular economy.

The metal shredder machine market is expected to see steady growth in the next few years. It will grow to $12.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The anticipated growth in the forecast period can be attributed to an increasing focus on sustainability, ongoing urbanization trends, the growing need for e-waste recycling, government initiatives promoting recycling, and concerns about resource scarcity. Major trends expected in this forecast period include a focus on energy efficiency and sustainability, the integration of IoT (Internet of Things) and data analytics, customization for specific metal types, adherence to regulatory compliance, and the global expansion of recycling facilities.

The anticipated surge in demand for metal recycling is set to drive the growth of the metal shredder machine market in the foreseeable future. Metal recycling involves the process of utilizing waste metal, processing it, and generating new metal. Metal shredder machines play a crucial role in the metal recycling industry by reducing the size and volume of various metal materials. For instance, GLE Scrap Metal, a US-based company focused on environmentally friendly processing and recycling of ferrous and non-ferrous metals, reported that 40% of worldwide steel production is derived from recycled steel. Moreover, approximately 42% of crude steel in the U.S. is produced from recycled materials. Hence, the increasing demand for metal recycling is a driving force behind the growth of the metal shredder machine market.

The upswing in industrial activities is expected to further boost the metal shredder machine market. Industrial activities encompass a wide range of processes involved in large-scale production, manufacturing, and processing of goods or the provision of services. Metal shredder machines are integral in efficiently processing and recycling scrap metal, reducing material volume and preparing it for subsequent downstream operations. For instance, in the United States, industrial production witnessed a 0.4% increase in August 2023, with manufacturing output rising by 0.1%. Therefore, the growth in industrial activities is poised to propel the metal shredder machine market forward.

A prominent trend in the metal shredder machine market is the focus on product innovations. Major companies operating in this market are embracing new and innovative products to maintain their competitive edge. For example, AIShred, a China-based company specializing in manufacturing and selling shredders, sorting equipment, crushers, and screening equipment for recycling and processing, introduced the GSE 3 Single Shaft Shredder in October 2022. This new generation shredder is uniquely designed with enhanced shredding capacity and improved processing effects, catering to larger production lines with greater capacity and complex materials. In addition to its reliability, the shredder offers increased durability and delivers materials of higher quality.

Major companies in the metal shredder machine market are also adopting a strategic partnership approach to offer more cost-effective solutions to their customers. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For instance, in March 2022, WENDT GmbH, a Germany-based machine industry company, formed a partnership with ILG International, a Germany-based manufacturer of shredder enclosures. The collaboration aims to address over-pressure events and extreme environments around auto shredders, ensuring maximum noise reduction, occupational safety, stability, and durability.

In October 2022, Alta Equipment Group, a US-based company providing industrial forklifts, heavy construction equipment, and warehouse solutions, acquired Ecoverse Industries for an undisclosed amount. This acquisition strengthens and expands Alta Equipment Group's product portfolio and market position in North America. Ecoverse Industries, a US-based company, specializes in the manufacturing and distribution of environmental processing equipment and high-torque shredders.

Major companies operating in the metal shredder machine market report are Metso Corporation, SSI Shredding Systems Inc., UNTHA Shredding Technology GmbH, WEIMA Maschinenbau GmbH, BCA Industries Inc., Hammermills International LLC, MOCO Maschinen- und Apparatebau GmbH & Co KG, Ecostan India Private Limited, Rapid Granulator AB, ANDRITZ Group, ECO Green Equipment LLC, Granutech-Saturn Systems, Brentwood RM Pty Ltd., Vecoplan LLC, Advance Hydrau-Tech Pvt Ltd., Shred-Tech, Zato North America Corp., ARJES - Recycling Innovation, Mackma srl, Harden Machinery Ltd., Zibo United Tech Machinery Co. Ltd., Franklin Miller Inc., West Seneca Welding, Maren Engineering Corporation, Bondtech Corp., ACS Group, Allegheny Shredders, Ameri-Shred Corp., Bano Recycling srl, CM Shredders.

Asia-Pacific was the largest region in the metal shredder machine market in 2023. The regions covered in the metal shredder machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metal shredder machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of metal shredder machines include mechanical shredder machines and shock wave shredder machines. Mechanical shredder machines are used for breaking down materials for purposes such as recycling, volume reduction, and product destruction. These machines find applications in processing iron and steel, aluminum and copper, as well as other non-ferrous metals. Metal shredder machines are utilized across various industries, including the automotive industry, construction industry, manufacturing industry, electronic industry, and the recycling industry.

The metal shredder machine market research report provides metal shredder machine market statistics, including metal shredder machine industry global market size, regional shares, competitors with a metal shredder machine market share, detailed metal shredder machine market segments, market trends and opportunities, and any further data you may need to thrive in the metal shredder machine industry. This metal shredder machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The metal shredders machine market consists of sales of single-shaft shredders, dual-shaft shredders, quad-shaft shredders, horizontal shredders, and vertical shredders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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