USD 0.92 billion
Global Metal Shredder Machine Market Size, Share, Growth Analysis, By Type(Mechanical Shredder Machines, Shock Wave Shredder Machines), By Application(Iron, Steel) - Industry Forecast 2023-2030
Report ID: SQSG20I2010 | Region: Global | Published Date: December, 2022 | Pages: 268 | Tables: 64 | Figures: 75
Global Metal Shredder Machine Market Insights
Metal Shredder Machine Market size was valued at USD 0.92 billion in 2021 and is poised to grow from USD 0.93 billion in 2022 to USD 1.03 billion by 2030, growing at a CAGR of 1.10% in the forecast period (2023-2030).
A shredder is a piece of machinery used to shred various materials. They are used in many different industries and are available in a range of designs, from paper shredders to scrap metal shredders. Industrial shredders are typically employed to reduce the size of materials so that they can be more easily sorted or to lower the cost of transporting recyclables. An industrial shredder can be used for business purposes as well as for private use. They can horsepower with varying degrees depending on the circumstances they need to function.
Heavy metal wastes are broken down into manageable pieces by a metal shredder, which also reduces their volume. Metal shredders are available in a variety of designs and sizes. The metal shredder system is essential machinery for both producers and consumers of recycled metal as environmental concerns rise. It is mostly utilized in the steel and automotive industries. A variety of metal waste is crushed using this machinery. They are frequently employed in metal recycling and scrap yards to reduce debris to a uniform size and shape so that it may be segregated and processed further.
US Metal Shredder Machine Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Mechanical shredder machines
Fastest Growth
Mechanical shredder machines
Growth Rate
1.10% CAGR
Global Metal Shredder Machine Market 2022-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Metal Shredder Machine Market Size By Type 2022-2028 ($ Bn)
Global Metal Shredder Machine Market Size By Type 2022-2028 (%)
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Global Metal Shredder Machine Market Segmental Analysis
The global metal shredder machine market has been segmented based on type application analysis, and region. Based on type, the market is segmented into mechanical shredder machines and shock wave shredder machines. Based on the application analysis, the market is segmented into iron and steel, aluminum and copper, and non-ferrous metals. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Metal Shredder Machine Market Analysis by Type
With the highest CAGR during the forecast period, the mechanical shredder machine dominates the global market. The growth is attributed to their frequent used in metal recycling and scrap yards to reduce waste to a uniform size and shape so that it can be segregated and processed further. Additionally, these shredding machines may treat ferrous and non-ferrous metals from end-of-life autos, white goods, home appliances, sorted light scrap, and other sources (ELVs). Furthermore, due to design and feature factors such as reduced noise, sparking, dust, and heat accumulation, the market is predicted to have consistent growth. This shredder reduces the scrap to tiny pieces, simplifying the disposal process.
Global Metal Shredder Machine Market By Type 2021 (%), 2021 (%)
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Global Metal Shredder Machine Market Regional Insights
In terms of market share for metal shredder machines globally, Asia Pacific dominated the global market. The region's market expansion is anticipated to be fueled by rapid population growth, supportive government policies for waste management and environmental protection, and rising economic development.
Due to the existence of major factories in the U.S. and the expanding demand for metal scrap from numerous industries, North America's market is expected to rise exponentially. The government's increasing focus on minimizing metal waste production and encouraging the circular economy also encourages market expansion in the region.
Throughout the upcoming years, tremendous growth is anticipated in Europe. Government energy rules that are stringent and the significant usage of recycled scrap for secondary metal production are expected to support regional market expansion. South America is anticipated to have phenomenal growth. It is anticipated that the rising middle class in countries like Mexico, Brazil, and others, along with escalating industrialization, will fuel market expansion. The increased metal recycling across end-use sectors will cause the Middle East and Africa to see significant growth.
Global Metal Shredder Machine Market By Geography, 2022-2028, 2023-2030
- Largest
- Fastest
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Global Metal Shredder Machine Market Dynamics
Metal Shredder Machine Market Driver
Growing Urbanization and Industrialization to Encourage More Growth
- Rising urbanization and industrialization in developing countries like China, Brazil, and India are currently the main drivers of the need for metal shredder machines. Additionally, the rising economies of Asia Pacific, Latin America, and Africa will offer the most alluring opportunities for international players and support the expansion of the metal shredder machine market. Additionally, the metal shredders market will have more opportunities due to the rising demand for recovering metal from slag waste. The majority of the final users shred vehicles and other scrap metals to use as raw materials in the metal shredders.
- Governments are also putting into effect a few new policies that will help the metal shredding industry. Government programs that increase the use of recycled metal for both economic and environmental reasons indirectly benefit the metal shredder industry. Many governments, especially those in developing countries, organize auctions to resell industrial metal waste. Both small and large industrial firms that are wanting to purchase metal scrap at a discount attend these auctions. As a result, authorities everywhere are working hard to clean up heavy industrial sectors, which will continue to have an impact on the market..
Metal Shredder Machine Market Restraint
Price Volatility and Monopoly of Major Players to Create Market Challenges
- The scrap metal recycling and metal shredding industries have been severely hit by unfavorable market conditions, which include narrower profit margins as a result of falling scrap metal prices. Pricing for scrap metal is always crucial for the recycling industry. When recycling rates decline along with scrap prices over a lengthy period, scrap metal businesses find it difficult to turn a profit.
- Additionally, metal exports have been significantly impacted by the Chinese economy. Scrap metal prices have fallen as a result of China's weakening demand and surplus. Furthermore, the fall in scrap export flows is most likely due to the availability of shipping containers and vessels rather than a decline in demand.
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Global Metal Shredder Machine Market Competitive Landscape
To promote greater localization, market participants emphasize excellent region-to-region coverage. To increase their presence in the supply chain for recovered metal, leading manufacturers are concentrating on acquiring producers of recycled metal goods. They favor strategic methods, such as renaming already existing products. For a variety of end-use applications, the top manufacturers of metal shredder machines emphasize obtaining and applying cutting-edge technologies. To increase their market penetration, they are concentrating on rebranding already existing products and using other tactical methods. To strengthen their market presence, they use acquisitions, mergers, collaborations, and the introduction of new products. For instance, in June 2021 WEIMA introduced drainage and packing presses to broaden its product offering. The renowned PÜHLER technology has undergone a consistent, contemporary overhaul and now offers the first-rate WEIMA service.
Top Players in the Global Metal Shredder Machine Market
- Metso Corporation
- SSI Shredding Systems Inc.
- Vecoplan AG
- ZERMA Machinery & Recycling Technology
- Lindemann GmbH
- Untha Shredding Technology GmbH
- WEIMA Maschinenbau GmbH
- Changshu Shouyu Machinery Co. Ltd.
- Genox Recycling Tech Co. Ltd.
- Granutech-Saturn Systems
- Jordan Reduction Solutions
- Erdwich Zerkleinerungssysteme GmbH
- CM Shredders
- Harris Equipment
- I.S.V.E. Srl
- Brentwood Recycling Systems
- Forrec Srl
- ECO Green Equipment
- Kobra Shredder
- Shred-Tech Corp.
Metal Shredder Machine Market Recent Development
- In May 2022, Tomra, based in Norway, released an updated version of its X-Tract metal sorting machine, which includes a new design and a new feature.
- In November 2021, Metso Outotec to invest in Alwar, India to expand its present mobile track-mounted crusher and screening equipment production capacity. The new production facilities are expected to begin construction in early 2022 and be finished by the end of the year.
Global Metal Shredder Machine Key Market Trends
- Need for Robust Waste Management Technologies: One of the significant emerging themes is the development of waste management technologies to enable the transition of metal shredding operations to low-grade ores. The development of recycling methods demonstrates that the majority of mineral commodity ore grades are diminishing and directly proportionate to the number of ore produced at mining sites' grade level.
- Need for Recycling Activities: Additionally, the requirement for recycling activities has grown to accommodate growing urbanization to meet the demands of a burgeoning global population. Additionally, based on the quality of the ore being mined, the volume of trash produced at mining operations directly affects the demand for scrap metal shredders worldwide.
Global Metal Shredder Machine Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to the global metal shredder machine market report analysis, by type, mechanical shredder machine dominated the global market in 2022 and is anticipated to maintain its dominance throughout the forecast period. In 2022, Asia Pacific dominated the global metal shredder machine market owing to the region's rapid population growth, supportive government policies for waste management and environmental protection, and rising economic development.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 0.92 billion |
| Market size value in 2030 | USD 0.93 billion |
| Growth Rate | 1.10% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Metal Shredder Machine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Metal Shredder Machine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Metal Shredder Machine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Metal Shredder Machine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Metal Shredder Machine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Metal Shredder Machine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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