Pune, India, March 07, 2022 (GLOBE NEWSWIRE) -- The global metal shredder machine market size is anticipated to hit USD 1,230.6 million by 2028 and exhibit a CAGR of 3.7% during the forecast period. Factors such as increasing industrialization, favorable government regulations, and rising technological developments are expected to boost market growth. Fortune Business InsightsTM has presented this information in its report titled, “Metal Shredder Machine Market, 2021-2028”. The market size stood at USD 928.6 million in 2020 and USD 956.0 million in 2021. Additionally, growing developments in waste management methods are projected to amplify market growth in the forthcoming years.
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Global Players in Metal Shredder Machine Market:
- Metso (Helsinki, Finland)
- SSI Shredding Systems (Wilsonville, U.S.)
- UNTHA (Kuchl, Austria)
- WEIMA (South Carolina, U.S.)
- BCA Industries (Wisconsin, U.S.)
- Hammermills International (Oklahoma, U. S.)
- MOCO (Hessen, Germany)
- Ecostan (Punjab, India)
- Rapid Granulator (Bredaryd, Sweden)
- ANDRITZ (Graz, Austria)
- ECO Green Equipment (Utah, U.S.)
- Granutech-Saturn Systems (Texas, U.S.)
- St. Jude Medical (Minnesota, U.S.)
- Brentwood (Pennsylvania, U.S.)
- Vecoplan (North Carolina, U.S.)
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 3.7% |
| 2028 Value Projection | USD 1230.6 Million |
| Base Year | 2020 |
| Metal Shredder Machine Market Size in 2020 | USD 928.6 Million |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 120 |
| Segments covered | Type, Application and Geography |
| Metal Shredder Machine Market Growth Drivers | Soaring Industrialization and Urbanization to Boost Market Growth |
| Rising Economic Development to Fuel Growth in Asia Pacific | |
| Key Players Emphasize Implementing Industry-leading Technologies to Acquire Growth |
COVID-19 Impact-
Pandemic Hampered the Market Growth
The product demand has experienced a drastic impact due to the coronavirus pandemic. Strict curfews and lockdowns imposed to curb the virus spread have hindered the market growth. The disruptions in supply chain networks and difficulty in raw material procurements have affected the market growth. Additionally, labor shortages and indefinite shutdowns of manufacturing plants have negatively impacted the market growth. However, the efficacious vaccination processes are helping the market to stabilize and grow.
To get to know more about the short-term and long-term impact of COVID-19 on this market,
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Segments-
Type, Application, and Region Are Studied
On the basis of type, the metal shredder machine market is bifurcated into shock wave shredder machines and mechanical shredder machines. On the basis of application, the market is fragmented into aluminum, copper, iron & steel, and non-ferrous metals. Geographically, the market is classified into South America, North America, Asia Pacific, Europe, and the Middle East & Africa.
Report Coverage-
- It covers a detailed assessment of various market segments such as type and application.
- It covers the challenges and restraints to market growth and offers strategies to overcome them.
- It studies the competitive landscape and various strategies adopted by key players to acquire growth.
- It assesses the overall impact of the coronavirus pandemic on the market.
- It provides comprehensive information on recent industry developments and the market’s growth drivers.
Drivers & Restraints-
Soaring Industrialization and Urbanization to Boost the Metal Shredder Machine Market Growth
The soaring urbanization and rising industrialization across developing nations, including Brazil, India, and China are primarily driving the global metal shredder machine market growth. Additionally, the growing necessity to recover metal from slag residue could open greater growth avenues for the market. End-use sectors utilize metal shredder machines to shred automobiles and other scrapped metals to use as raw materials.
Moreover, the growing developments in waste management techniques and expansion of recycling operations to complement the soaring urbanization are expected to fuel the market growth of metal shredder machine in the coming years.
However, the declining scrap demand, owing to diminishing commodity prices may hamper the market growth.
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Regional Insights-
Rising Economic Development to Fuel Growth in Asia Pacific
Asia Pacific is anticipated to emerge dominant in the global metal shredder machine market share. Rapid population growth, favorable government policies for waste management and environment protection, and rising economic development are expected to be the key factors driving the region’s market growth.
North America held the largest market share with a market size of USD 310.2 million in 2020. Leading manufacturers’ presence in the U.S. coupled with the rising metal scrap demand from various industries propels the region’s market growth. Additionally, the growing government's emphasis on reducing metal waste generation and supporting the circular economy fosters the region’s market growth.
Europe is expected to exhibit significant growth in the forthcoming years. Strict government regulations for energy consumption and high utilization of recycled scrap for secondary metal production are anticipated to bolster the regional market growth.
South America is expected to witness remarkable growth. The increasing middle-class population across Mexico, Brazil, and others coupled with growing industrialization is projected to boost the market growth.
The Middle East & Africa will exhibit considerable growth due to rising metal recycling across end-use industries.
Competitive Landscape-
Key Players Emphasize Implementing Industry-leading Technologies to Acquire Growth
The major metal shredder machine market players emphasize acquiring and implementing industry-leading technologies for several end-use applications. They are focusing on rebranding existing products and other strategical approaches to amplify their market penetration. They adopt acquisitions, mergers, collaborations, and new product launches to fortify their market presence. For instance, WEIMA launched drainage and packing presses to expand its product line in June 2021. The famous PÜHLER technology received a consistent, modern upgrade and now includes the superb WEIMA service.
Industry Development-
- September 2021: UNTHA developed the most economical two-shaft shredder with the lowest lifecycle cost. The product is available in mobile or fixed versions and offers two cutting techniques.
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Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19 on Metal Shredder Machine Market Size
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Global Metal Shredder Machine Market Share Analysis, 2020
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players (Would be provided for 10 players only)
- 6.1. Overview
-
- Key Management
- Headquarters etc.
- Offerings/Business Segments
-
-
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Employee Size
- Key Financials
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Primary Interview Responses
- Annexure / Appendix
- Global Metal Shredder Machine Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- By Type (USD Mn)
- Mechanical Shredder Machine
- Shock Wave Shredder Machine
- By Application (USD Mn)
- Iron and Steel
- Aluminum, Copper
- Non-Ferrous Metals
- By Region (USD Bn)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- By Type (USD Mn)
- North America Metal Shredder Machine Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- By Type (USD Mn)
- Mechanical Shredder Machine
- Shock Wave Shredder Machine
- By Application (USD Mn)
- Iron and Steel
- Aluminum, Copper
- Non-Ferrous Metals
- By Country (USD Mn)
- United States
- By Application
- Iron and Steel
- Aluminum, Copper
- Non-Ferrous Metals
- By Application
- Canada
- By Application
- Iron and Steel
- Aluminum, Copper
- Non-Ferrous Metals
- By Application
- United States
- By Type (USD Mn)
- Global Metal Shredder Machine Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
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