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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.
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The scrap metal shredder machines are the key equipment for manufacturers engaged in the recycling of metals as well as in the automotive and steel manufacturing industries. The high prices of metal and stringent environmental regulations are pushing the companies to be more efficient and invest in machinery like scrap metal shredders, making judicious utilisation of the resources. The shredded metals can be reused after further processing and can be moulded into different shapes and forms based on the requirement.
North America is expected to be one of the leading regions in the global market for scrap metal shredder owing to the growing focus of governments in reducing metal waste and promoting circular economy. Meanwhile, the Asia Pacific is expected to witness a healthy growth in the forecast period due to the rapid industrialisation in the region and the growing focus on sustainable development.
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.
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Based on type, the market is bifurcated into:
Based on design, the industry can be segmented into:
The major applications of the product include:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The growing environmental concern and favourable government initiatives are driving the growth of the scrap metal shredder industry. The growing urbanisation and industrialisation, particularly in emerging nations, are driving the demand for metals in different sectors like construction and others. The growing need to adopt sustainable development plans and to reduce the volume of waste metals are, in turn, driving the demand for scrap metal shredders. Steel mills are heavily spending on such machineries to shred vehicles and other junk metals for use as raw material. In the coming years, the implementation of new tariffs by the governments across the globe to turn heavy manufacturing industries cleaner is expected to boost the sales of the product.
However, the recycling market, which is one of the primary sectors of the commodities market, is expected to get affected by the changing trade scenarios in different countries amidst the COVID-19 pandemic. The economic stability is a major factor affecting the scrap market as it is highly dependent on the metal prices. Thus, the fluctuations in domestic and global commodities markets are expected to affect the growth of the scrap shredder industry in the forecast period.
The report gives a detailed analysis of the following key players in the global scrap metal shredder market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 global scrap metal shredder market is projected to grow at a CAGR of 2% between 2024 and 2032.
The major market drivers 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 and 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.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of scrap metal shredder in the market are diesel and electric.
The major designs of scrap metal shredder 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.
The major 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.
The global scrap metal shredder market is being driven by the rising introduction of favourable government regulations. Aided by the rising introduction of sustainable development plans, the market is expected to witness a moderate growth in the forecast period of 2024-2032 , growing at a CAGR of 2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is divided into diesel and electric. On the basis of design, the industry is segmented into low-speed high-torque shredder, pre-shredder, and single-shafted shredder, among others. Based on application, the market is categorised into ferrous metals, automobile, e-scrap, heavy scrap, steel, turnings, and firearms, among others. The major regional markets for scrap metal shredder are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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