Germany Recycled Metal Market Size & Outlook, 2023-2030
Germany Recycled Metal Market, 2018-2030 (US$M)
Global Market
Related Markets
Germany recycled metal market highlights
- The Germany recycled metal market generated a revenue of USD 12.5 million in 2023 and is expected to reach USD 18.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, copper was the largest revenue generating material in 2023.
- Aluminum is the most lucrative material segment registering the fastest growth during the forecast period.
Recycled metal market data book summary
| Market revenue in 2023 | USD 12.5 million |
| Market revenue in 2030 | USD 18.9 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Copper |
| Fastest growing segment | Aluminum |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Aluminum, Copper |
| Key market players worldwide | Commercial Metals Co, Norsk Hydro ASA, Tata Steel Ltd GDR - 144A, European Metal Recycling, GFG Alliance, Novelis |
Other key industry trends
- In terms of revenue, Germany accounted for 3.5% of the global recycled metal market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia recycled metal market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 18.9 million by 2030.
According to the World Bank, the GDP of Germany witnessed a growth of 1.8% in 2022 and stood at USD 4.08 trillion in the same year. Favorable government policies to replace old automotive, along with growing investments by metal recyclers in sustainability, are driving the market growth in the country.
The number of passenger cars has been growing in Germany which accounts for a share of more than 80% of passenger transportation that takes place in the country. According to the data published by Statistisches Bundesamt in 2023, more than 48 million passenger cars are plying on roads in Germany.
In 2022, the car density in the country reached 585 passenger cars per 1,000 inhabitants. With the introduction of new cars every year, the number of old and end-of-life vehicles has been growing in Germany.
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Recycled Metal Market Scope
Recycled Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Commercial Metals Co | View profile | 13,022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | www.cmc.com |
| Norsk Hydro ASA | View profile | 32,724 | Drammensveien 264, Oslo, Norway, NO-0283 | www.hydro.com |
| Tata Steel Ltd GDR - 144A | View profile | 73,496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | www.tatasteel.com |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | novelis.com |
| European Metal Recycling | View profile | 1001-5000 | Warrington, Warrington, United Kingdom, Europe | www.emrgroup.com/ |
| GFG Alliance | View profile | 10001+ | London, England, United Kingdom, Europe | www.gfgalliance.com |
Germany Recycled Metal Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Recycled Metal Market Outlook will help companies and investors design strategic landscapes.
Copper was the largest segment with a revenue share of 36.0% in 2023.
Horizon Databook has segmented the Germany recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank, the GDP of Germany witnessed a growth of 1.8% in 2022 and stood at USD 4.08 trillion in the same year. Favorable government policies to replace old automotive, along with growing investments by metal recyclers in sustainability, are driving the market growth in the country.
The number of passenger cars has been growing in Germany which accounts for a share of more than 80% of passenger transportation that takes place in the country. According to the data published by Statistisches Bundesamt in 2023, more than 48 million passenger cars are plying on roads in Germany.
In 2022, the car density in the country reached 585 passenger cars per 1,000 inhabitants. With the introduction of new cars every year, the number of old and end-of-life vehicles has been growing in Germany.
- Germany Recycled Metal Market Material Outlook (Revenue, USD MIllion , 2018-2030)
- Steel
- Aluminum
- Copper
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany Recycled Metal Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Recycled Metal Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Germany Recycled Metal Market, 2018-2030 (US$M)
Germany recycled metal market statistics, by material, 2018-2030 (US$M)
