Metal Machining Scrap Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Metal Machining Scrap Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Metal Machining Scrap Equipment Trends and Forecast

The future of the global metal machining scrap equipment market looks promising with opportunities in the machine shop and foundry applications. The global metal machining scrap equipment market is expected to reach an estimated $374.2 million by 2030 with a CAGR of 3.1% from 2024 to 2030. The major drivers for this market are increasing demand for precision machining in manufacturing processes, growing emphasis on sustainable practices and metal recycling, and rising adoption of automated machining equipment.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Metal Machining Scrap Equipment by Segment

The study includes a forecast for the global metal machining scrap equipment by type, application, and region.

Metal Machining Scrap Equipment Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Baler Press
• Shredders
• Shears
• Others

Metal Machining Scrap Equipment Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Machine Shops
• Foundries
• Others

Metal Machining Scrap Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Metal Machining Scrap Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies metal machining scrap equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the metal machining scrap equipment companies profiled in this report include-

• Applied Recovery Systems
• Brentwood
• Caterpillar
• CP Manufacturing
• Fornnax Technology
• Gensco Equipment
• Granutech Saturn Systems
• Green Machine
• Iron Ax
• Lefort

Metal Machining Scrap Equipment Market Insights

Lucintel forecasts that shredder is expected to witness the highest growth over the forecast period due to its wide usage to process a variety of scrap metals, including steel, aluminum, and copper.

Within this market, machine shop is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to increase in construction and demolition activities in the region.

Features of the Global Metal Machining Scrap Equipment Market

Market Size Estimates: Metal machining scrap equipment market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Metal machining scrap equipment market size by type, application, and region in terms of value ($M).

Regional Analysis: Metal machining scrap equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the metal machining scrap equipment market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the metal machining scrap equipment market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the metal machining scrap equipment market size?

Answer: The global metal machining scrap equipment market is expected to reach an estimated $374.2 million by 2030.

Q2. What is the growth forecast for metal machining scrap equipment market?

Answer: The global metal machining scrap equipment market is expected to grow with a CAGR of 3.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the metal machining scrap equipment market?

Answer: The major drivers for this market are increasing demand for precision machining in manufacturing processes, growing emphasis on sustainable practices and metal recycling, and rising adoption of automated machining equipment.

Q4. What are the major segments for metal machining scrap equipment market?

Answer: The future of the metal machining scrap equipment market looks promising with opportunities in the machine shop and foundry applications.

Q5. Who are the key metal machining scrap equipment market companies?

Answer: Some of the key metal machining scrap equipment companies are as follows:

• Applied Recovery Systems
• Brentwood
• Caterpillar
• CP Manufacturing
• Fornnax Technology
• Gensco Equipment
• Granutech Saturn Systems
• Green Machine
• Iron Ax
• Lefort

Q6. Which metal machining scrap equipment market segment will be the largest in future?

Answer: Lucintel forecasts that shredder is expected to witness the highest growth over the forecast period due to its wide usage to process a variety of scrap metals, including steel, aluminum, and copper.

Q7. In metal machining scrap equipment market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to increase in construction and demolition activities in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the metal machining scrap equipment market by type (baler press, shredders, shears, and others), application (machine shops, foundries, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?