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The global scrap metal shredder market is expected to grow at a CAGR of 2% in the forecast period of 2024-2032.
Global Scrap Metal Shredder Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | XX |
Market Size 2032 | USD Million | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 2.0% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 2.6% |
CAGR 2024-2032 - Market by Country | India | 3.0% |
CAGR 2024-2032 - Market by Country | China | 2.5% |
CAGR 2024-2032 - Market by Design | Low-Speed High-Torque Shredder | 2.2% |
CAGR 2024-2032 - Market by Application | E-Scrap | 3.1% |
Market Share by Country 2023 | Japan | 5.7% |
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Scrap metal shredder is a kind of machine used for shredding the waste metal and reducing its volume to convert it into small and reusable pieces. These metal shredders are available in different capacities to produce required output sizes for processing various metals. The blades of the machine are made from special steel to enhance its life expectancy and reduce its maintenance cost on such parts.
The rising industrialisation activities in developing countries have supported scrap metal shredder market expansion. For instance, the Indian government's "Make in India" initiative has led to a significant increase in industrial activities, resulting in a substantial amount of scrap metal generation. Additionally, the increasing demand for recovering metal from slag residue and the need for environmentally friendly scrap recycling processes are driving the market.
Introduction of electric shredders, rise of steel prices, and increasing demand for shredders in automotive industries are key trends augmenting the scrap metal shredder market growth
May 2024
Sackers, a Suffolk-based scrap metal recycling specialist, has achieved 99% recovery of non-ferrous metals using TOMRA's advanced sensor-based metals sorting solution. This high recovery rate enables Sackers to recycle higher volumes of material more efficiently.
May 2024
NuCycle LLC is expanding its operations in Rock Hill, South Carolina, by adding a Danieli Auto Shredder to its scrap yard. The new shredder will increase the facility's capacity to process scrap metal and support the local recycling industry.
May 2024
The Delhi government is planning a drive to seize end-of-life vehicles (ELVs) still plying on the roads and scrap them. The drive aims to improve air quality in the city by removing polluting petrol vehicles older than 15 years and diesel vehicles older than 10 years.
Increasing focus on recycling and sustainability
Government's efforts to promote sustainable practices and reduce pollution are creating opportunities for manufacturers in scrap metal shredder market. The European Union's Circular Economy Package aims to reduce waste and increase recycling rates, which can drive the demand for scrap metal shredders.
Development of electric shredders
Scrap metal shredder manufacturers are focusing on technological advancements to enhance efficiency and reduce costs. This includes the development of electric shredders, which are more environmentally friendly and offer lower operating costs.
Implementation of tariffs on steel imports
The growth is also fuelled by the focus of manufacturers on acquiring producers of recycled metal goods and the implementation of new tariffs that positively impact the scrap metal shredder market outlook. For instance, the United States' tariffs on imported steel have led to an increase in domestic scrap metal recycling.
Growing demand across various application sectors
Scrap metal shredders are the key equipment for manufacturers engaged in the recycling of metals, automotive, and steel manufacturing industries. The high prices of metal are pushing the companies to be more efficient and invest in machinery like scrap metal shredders.
In the EU, recycling scrap metals saves around 200 million tonnes of CO2 emissions annually, which has prompted the government to implement regulations to encourage metal recycling. This is driving steel mills to invest in scrap metal shredding equipment to increase their use of recycled materials. In the coming years, the implementation of new tariffs and regulations by governments to clean up heavy manufacturing industries is expected to further aid in scrap metal shredder market development.
Moreover, there is an increasing demand for scrap metal recycling to conserve natural resources and reduce the environmental impact of mining. Scrap metal shredders are crucial equipment for efficiently recycling scrap metals from various sources like automobiles, e-waste, and heavy industrial scrap. As per industry reports, recycling 1 tonne of scrap steel saves 2,500 lbs of iron ore, 1,400 lbs of coal, and 120 lbs of limestone.
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The EMR’s report titled “Scrap Metal Shredder Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Design
CAGR 2024-2032 - Market by | Design |
Low-Speed High-Torque Shredder | 2.2% |
Single-Shafted Shredder | 2.1% |
Pre-Shredder | XX% |
Others | XX% |
Market Breakup by Application
CAGR 2024-2032 - Market by | Application |
E-Scrap | 3.1% |
Ferrous Metals | 2.3% |
Steel | 1.8% |
Firearms | 2.1% |
Automobile | XX% |
Heavy Scrap | XX% |
Turnings | XX% |
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 2.6% |
Middle East and Africa | 2.2% |
Latin America | 1.9% |
North America | 1.6% |
Europe | 1.5% |
CAGR 2024-2032 - Market by | Country |
India | 3.0% |
China | 2.5% |
Australia | 1.8% |
UK | 1.6% |
USA | 1.5% |
Canada | XX% |
Germany | XX% |
France | XX% |
Italy | 1.3% |
Japan | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
Diesel scrap metal shredders leads due to their extensive use in many industries
Diesel scrap metal shredders are powered by diesel engines and are commonly used in industrial settings due to their high power output and durability. On the other hand, electric scrap metal shredders are powered by electricity and are becoming increasingly popular due to their lower emissions and quieter operation.
2023 Market Share by | Country |
Japan | 5.7% |
USA | XX% |
Canada | XX% |
UK | XX% |
As per scrap metal shredder market analysis, diesel scrap metal shredders currently dominate the market share due to their widespread use in steel manufacturing and automotive recycling. However, the market for electric scrap metal shredders is expected to grow at a faster rate in the coming years due to increasing environmental regulations and emission standards that are restricting the use of diesel-powered equipment.
Ferrous metals hold a significant market share due to rising demand for recycled steel and iron
Ferrous metals are the most recycled materials and are among the simplest to recycle because they can be magnetically separated from trash. The demand for ferrous metal shredders is driven by the need to recycle steel and iron, which are essential components in various industries such as construction, automotive, and manufacturing.
The automobile segment is also significant in scrap metal shredder market report. The demand for automobile shredders is driven by the need to recycle end-of-life vehicles (ELVs). Automobile shredders are designed to handle the complex and diverse materials found in vehicles, such as plastics, glass, and metal.
E-scrap, or electronic waste, is a growing segment and the demand for e-scrap shredders is driven by the increasing need to recycle electronic components such as circuit boards, wires, and other electronic materials. E-scrap shredders are designed to handle the complex and hazardous materials found in electronic waste.
Market players are focused on expanding their manufacturing facilities, R&D investments, and infrastructural developments to maintain their competitiveness
Granutech-Saturn Systems was founded in 1971 and is headquartered in Dallas, Texas. It offers industrial equipment, including shredders, hammermills, crushers, loggers, grinders, granulators, refiner mills, and mobile auto crushers. The company also provides equipment installation, repair, spare parts, on-site support, and technical support services.
Komar Industries, Inc. was founded in 1977 and is headquartered in Ohio, United States. It specialises in the design and manufacturing of waste handling equipment and industrial waste and recycling processing systems. It also offers installation and maintenance support.
Forrec srl was founded in 2007 and is based in Italy, Europe. The company produces machines and customised solutions for the recycling of urban and industrial waste. Their products include shredding systems, grinders, and granulators. It also provides services related to waste treatment.
SSI Shredding Systems, Inc. was founded in 1980 and is headquartered in Oregon, United States. It is a trusted provider of high-quality shredding solutions and reliable support services. Its product line includes industrial shredders, primary reducers, transfer station compactors, and balers capable of processing tires, wood, and industrial waste.
Other key players in the global scrap metal shredder market include Williams Patent Crusher and Pulverizer Co., Inc. and Fornax Technology Pvt Ltd, among others.
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North American market to remain the largest, while the Asia Pacific market is expected to grow at a faster rate due to rapid economic development.
North America is expected to be the largest market for scrap metal shredders due to its strong industrial and building activity, environmental sustainability measures, and regional metal demand. The region is home to major steel mills and automotive manufacturing facilities, which require significant amounts of scrap metal for their operations. The demand for scrap metal shredders in North America is further driven by the need to recycle metal waste efficiently.
The Asia Pacific region is expected to have the second-largest scrap metal shredder market share, driven by supportive government policies for waste management and environmental protection and rising economic development. The region is home to major factories and manufacturing facilities, which generate significant amounts of scrap metal waste.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Design |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Scrap Metal Shredder Market Size
Scrap Metal Shredder Market Growth
Scrap Metal Shredder Market Trends
Scrap Metal Shredder Market Share
Scrap Metal Shredder Manufacturers
Scrap Metal Shredder Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Scrap Metal Shredder Market Analysis
8.1 Key Industry Highlights
8.2 Global Scrap Metal Shredder Historical Market (2018-2023)
8.3 Global Scrap Metal Shredder Market Forecast (2024-2032)
8.4 Global Scrap Metal Shredder Market by Type
8.4.1 Diesel
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Electric
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Scrap Metal Shredder Market by Design
8.5.1 Low-Speed High-Torque Shredder
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pre-Shredder
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Single-Shafted Shredder
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Scrap Metal Shredder Market by Application
8.6.1 Ferrous Metals
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Automobile
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 E-Scrap
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Heavy Scrap
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Steel
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Turnings
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Firearms
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Others
8.7 Global Scrap Metal Shredder Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Scrap Metal Shredder Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Scrap Metal Shredder Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Scrap Metal Shredder Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Scrap Metal Shredder Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Scrap Metal Shredder Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Granutech-Saturn Systems
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Komar Industries, Inc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Forrec srl
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Williams Patent Crusher and Pulverizer Co., Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 SSI Shredding Systems, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Fornax Technology Pvt Ltd
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Scrap Metal Shredder Market: Key Industry Highlights, 2018 and 2032
2. Global Scrap Metal Shredder Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Scrap Metal Shredder Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Scrap Metal Shredder Historical Market: Breakup by Design (USD Billion), 2018-2023
5. Global Scrap Metal Shredder Market Forecast: Breakup by Design (USD Billion), 2024-2032
6. Global Scrap Metal Shredder Historical Market: Breakup by Application (USD Billion) , 2018-2023
7. Global Scrap Metal Shredder Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Scrap Metal Shredder Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Scrap Metal Shredder Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Scrap Metal Shredder Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Scrap Metal Shredder Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Scrap Metal Shredder Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Scrap Metal Shredder Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Scrap Metal Shredder Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Scrap Metal Shredder Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Scrap Metal Shredder Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Scrap Metal Shredder Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Scrap Metal Shredder Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Scrap Metal Shredder Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Scrap Metal Shredder Market Structure
The scrap metal shredder market is expected to grow at a CAGR of 2% between 2024 and 2032.
The major drivers of the market include the increasing recycling of metal, the high prices of metal, and the introduction of favourable government initiatives aimed at boosting the judicious utilisation of resources.
The growing environmental concerns, rapid industrialisation, the growing adoption of sustainable development plans, the increasing investments in scrap metal shredders by steel mills, and the rising demand for recycled metal in sectors like automotive and construction are the key trends guiding the market growth.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading types of scrap metal shredders in the market are diesel and electric.
The main scrap metal shredder designs in the market are low-speed high-torque shredder, pre-shredder, and single-shafted shredder, among others.
The significant applications of scrap metal shredder are ferrous metals, automobile, e-scrap, heavy scrap, steel, turnings, and firearms, among others.
Key players in the market are Granutech-Saturn Systems, Komar Industries, Inc, Forrec srl, Williams Patent Crusher and Pulverizer Co., Inc., SSI Shredding Systems, Inc., and Fornax Technology Pvt Ltd, among others.
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