The Metal
Shredder Machine Global Market Report 2024 by The Business Research Company
provides market overview across 60+ geographies in the seven regions -
Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the
Middle East, and Africa, encompassing 27 major global industries. The report
presents a comprehensive analysis over a ten-year historic period (2010-2021)
and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Metal Shredder Machine Market:
https://www.thebusinessresearchcompany.com/report/metal-shredder-machine-global-market-report
According to The Business Research Company’s Metal Shredder Machine Global
Market Report 2024, The metal shredder machine market size 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 in the historic period can be
attributed to rise in metal scrap generation, environmental regulations, scrap
metal value, growth in industrialization, circular economy initiatives.
The metal shredder machine market size 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 growth in the forecast period can be attributed
to increasing focus on sustainability, urbanization trends, e-waste recycling
needs, government initiatives for recycling, resource scarcity concerns. Major
trends in the forecast period include energy efficiency and sustainability,
integration of iot and data analytics, customization for specific metal types,
regulatory compliance, global expansion of recycling facilities.
Rising demand for metal recycling is expected to propel the growth of the metal
shredder machine market going forward. Metal recycling refers to the procedure
of using waste metal, processing it, and producing new metal. Metal shredder
machines are used in the metal recycling industry for reducing the size and
volume of various metal materials. For instance, according to GLE Scrape Metal,
a US-based company with environmentally friendly processing and recycling of
ferrous & non-ferrous metals stated that 40% of worldwide steel production
is made using recycled steel, while about 42% of crude steel in the U.S. is
made of recycled materials. Therefore, the rising demand for metal recycling is
driving the growth of the metal shredder machine market going forward.
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The metal shredder machine market covered in this report is segmented –
1) By Machine Type: Mechanical Shedder Machine, Shock Wave Shredder Machine
2) By Application: Iron And Steel, Aluminum And Copper, Non-Ferrous Metals
3) By End-Use: Automotive Industry, Construction Industry, Manufacturing
Industry, Electronic Industry, Recycling Industry
Product innovations are a key trend gaining popularity in the metal shredder
machine market. Major companies operating in the metal shredder machine market
are adopting new innovative products to sustain their position in the market.
For instance, in October 2022, AIShred, a China-based company engaged in
manufacturing and selling shredders, sorting equipment, crushers, and screening
equipment for recycling and processing, launched a new generation of GSE 3
Single Shaft Shredder. It is uniquely designed with stronger shredding capacity
and better processing effect in the processing of greater capacity and complex
materials in large production lines. In addition to being dependable, the
shredder offers improved durability and discharge materials of higher quality.
The metal shredder machine market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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