Metal Recycling Equipment Market Size, Share & Trends Analysis Report By Equipment (Balers, Shredders, Granulators, Shears, Separators), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global metal recycling equipment market size was estimated at USD 6.54 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2030. Rising demand for recycled metals from different end-use sectors such as automotive and construction, along with favorable government regulations, are some of the factors that are projected to fuel demand for this product over the forecast period. During the COVID-19 pandemic, key end-use sectors including construction, automotive, aerospace, and electronics were shut down owing to lockdowns, which hampered the growth of the metal recycling equipment market because there was no waste generation from end-use industries. Following the pandemic, government investment in infrastructure and building projects will stimulate development.

The expansion of the metal recycling equipment market in the U.S. was hampered in 2020 by a lack of trash, the inability to export metal waste owing to border closures, a labor shortage, rising metal waste costs, and poor demand from end-use industries. However, as the globe returns to normalcy and vaccine rollouts increase, the need for metal recycling equipment will rise beginning in 2021.

Metals have great sustainability and recyclability, and they are employed in a variety of end-use sectors, increasing demand for recyclable metal and, as a result, metal recycling technology. Growing government waste management activities, increased consumer awareness about recycling garbage, and expanding demand for recycled materials from different end-use sectors are likely to drive market demand.

Countries are lifting the restriction on importing metal scrap, while others are focused on steps to strengthen their national recycling systems. Furthermore, the U.S. EPA's National Recycling Strategic plan was launched in October 2020 to develop a more cost-effective, robust, and better recycling system. Government attempts to strengthen the recycling system are anticipated to help market growth.

Collecting and sorting recyclable items takes time and energy, and it is also costly. Few metals, particularly aluminum, erode with each reuse cycle, implying that the final product's quality may vary. The time-consuming and complex process of collecting and sorting metals for recycling is expected to hamper the growth of this industry.

Equipment Insights

The baler press equipment segment led the market and accounted for 23.45% of the global revenue share in 2021. The demand for recycling metals is rapidly increasing from multiple end-use industries due to increased environmental benefits, and recyclable metals are used as primary raw materials in various industries such as construction, automotive, aerospace, and electronics, which is likely to benefit the metal recycling equipment market.

A baler is a type of recycling equipment that compresses recyclable materials including cardboard, paper, plastic, aluminum, and nonferrous metals into tight bundles called bales. The baler, also known as the baling machine, is a big steel chamber with a pressing plate that compresses the material inside the chamber until the required bale size is reached.

Shredder demand is expected to expand at a CAGR of 5.8% during the projected period. Modern technology has shown to be successful in recognizing many types of metals, particularly ferrous metals. Metal scrap demand has prompted scrap yards to develop technologically advanced and complex shredding equipment, consequently supplementing market expansion.

Industrial shredders used for recycling are high-volume, heavy-duty machines. These shredders are outfitted with a variety of cutting systems, including horizontal shaft, vertical shaft, single shaft, 2-shaft, 3-shaft, and 4-shaft cutting systems. When investing in shredding equipment, several aspects such as the amount of throughput, the variety of products to be recycled, and the needs of residual purchasers are taken into account.

Regional Insights

The Asia Pacific led the market and accounted for 42.9% of the global revenue share in 2021. In terms of domestic metal usage and metal footprint, the Asia-Pacific region is the world's most resource-intensive region. A significant increase in mergers and acquisitions, integration activities, and site relocations has supported industrial development in the area, supporting the expansion of this industry.

The Chinese government changed its import limitations for aluminum and copper in January 2021, which is likely to boost the market. To reduce greenhouse gas emissions, the government is considering limiting crude steel manufacturing capacity to electric arc furnaces, which use less scrap and are more ecologically friendly. Over the projection period, this is likely to produce high demand for metal recycling equipment.

Middle East & Africa market is likely to grow at a CAGR of 5.3% over the forecast period. Increased construction activity in the Middle East, combined with new oil and gas projects, is expected to drive construction industry development. Increasing investments in aircraft production, textile equipment, and fabricated metal items are also predicted to help the region's manufacturing industry grow.

Dynamic methods of construction, technological adoption, and the application of new operational standards drive Saudi Arabia's construction and infrastructure industry. The building and demolition industries have been key contributors to metal scrap, which is opportunistic for the growth of the market.

Key Companies & Market Share Insights

The global metal recycling equipment market is highly competitive due to the presence of both international and local players. The manufacturers of this product use a variety of strategies to increase market penetration and meet the dynamic technological demands of end-use industries such as aerospace, automotive, construction, and others, including acquisition, collaboration, new technology development, and geographical expansion.

For instance, Metso Outotec launched an Index online tool for this product in October 2021. This program allows you to comb through data, gather and analyze data, and monitor and evaluate metal recycling equipment. Furthermore, LEFORT announced the sale of the KOLOSS 2000T, the company’s heaviest and largest share, in October 2021. It is presently in production and is scheduled to be finished in 2022. Some prominent players in the global metal recycling equipment market include:

• Kiverco

• General Kinematics Corporation

• MARATHON

• American Baler Company

• DANIELI CENTRO RECYCLING

• FOR REC S.P.A

• BHS Sonthofen GmbH

• Metso Outotec Corporation

• JMC Recycling Ltd

• LEFORT

• CP Manufacturing, Inc

• Advance Hydrau Tech Pvt Ltd.

• Eldan Recycling A/S

• MHM Recycling Equipment

• Ceco Equipment Ltd

Metal Recycling Equipment Market Report Scope

Global Metal Recycling Equipment Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global metal recycling equipment market report based on equipment and region:

• Equipment Outlook (Revenue, USD Million, 2017 - 2030)

  • Baler Press

  • Shredders

  • Granulators

  • Shears

  • Separators

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • U.K.

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE