Metal Shredder Machine Market: Growth, Trends by 2024

The global metal shredder machine market size was USD 928.6 million in 2020. The market is projected to grow from USD 956.0 million in 2021 to USD 1,230.6 million in 2028 at a CAGR of 3.7% in the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with witnessing a negative impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a lower growth of 3.0% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in the CAGR is attributable to this market’s demand and growth returning to pre-pandemic levels once the pandemic is over.

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Metal Shredder Machine Market Share, Size & Industry Analysis, By Type (Mechanical Shredder Machine, Shock Wave Shredder Machine) By Application (Iron and Steel, Aluminum and Copper, Non-Ferrous Metals), and Regional Forecast Between, 2021-2028

Top Companies of 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.

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Metal Shredder Machine Market Drivers and restrains:

• Drivers:
  • Increasing Metal Recycling Activities: Growing emphasis on recycling and waste management drives the demand for metal shredder machines to process scrap metal efficiently and support sustainable practices.
  • Rising Industrialization: The expansion of industrial activities and manufacturing processes increases the need for metal shredding to manage metal waste and by-products effectively.
  • Technological Advancements: Innovations in metal shredder technology, including enhanced shredding capabilities and automation, improve efficiency and attract investment in new machines.
  • Regulatory Compliance: Stricter regulations and standards for waste disposal and recycling promote the use of metal shredder machines to ensure compliance and reduce environmental impact.
  • Growth in Construction and Demolition Activities: The surge in construction and demolition projects generates significant amounts of metal waste, driving the demand for efficient shredding solutions.
• Restraints:
  • High Initial Investment: The substantial upfront cost of purchasing and installing metal shredder machines can be a barrier for smaller businesses or recycling operations.
  • Maintenance and Operating Costs: Ongoing maintenance and operational expenses, including parts replacement and energy consumption, can impact the total cost of ownership and profitability.
  • Complexity and Technical Expertise: The complexity of operating and maintaining advanced metal shredders requires specialized knowledge and technical expertise, which may be a challenge for some operators.
  • Market Competition: Intense competition from manufacturers of lower-cost or less advanced shredding machines can pressure established companies to lower prices and affect profit margins.
  • Regulatory Challenges: Compliance with evolving environmental and safety regulations can increase operational costs and require continuous updates to equipment and processes.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the metal shredder machine market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the metal shredder machine market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• North America (Type, Application, and Country)
  • U.S. (By Type)
  • Canada (By Type)
• Europe (Type, Application, and Country)
  • U.K. (By Type)
  • Germany (By Type)
  • Italy (By Type)
  • France (By Type)
  • Rest of Europe
• Asia Pacific (Type, Application, and Country)
  • China (By Type)
  • Japan (By Type)
  • India (By Type)
  • Southeast Asia (By Type)
  • Rest of Asia Pacific
• Middle East & Africa (Type, Application, and Country)
  • South Africa (By Type)
  • GCC (By Type)
  • Rest of Middle East & Africa
• South America (Type, Application, and Country)
  • Brazil (By Type)
  • Mexico (By Type)
  • Rest of South America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry developments of metal shredder machine market:

• Metso Outotec to invest in Alwar, India to expand its present mobile track-mounted crusher and screening equipment production capacity. The new production facilities are expected to begin construction in early 2022 and be finished by the end of the year.
• The SSI Shredding Systems introduced SSI PRI-MAX primary. It is a tough equipment designed to decrease the volume of heavy materials while processing up to 150 tons per hour. It may be used as a primary shredder in a system or as stand-alone equipment.

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