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

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

Scrap Metal Shredder Trends and Forecast

The future of the global scrap metal shredder market looks promising with opportunities in the ferrous metal, automobile, e-scrap, heavy scrap, steel, turning, and firearm markets. The global scrap metal shredder market is expected to reach an estimated $1.0 billion by 2030 with a CAGR of 1.8% from 2024 to 2030. The major drivers for this market are increasing government rules to promote recycling and decrease waste, rising metal prices, expanding raw material availability, along with the growing demand for recycled metal, and technological improvements.

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

Scrap Metal Shredder by Segment

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

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

• Diesel
• Electric

Scrap Metal Shredder Market by Design [Shipment Analysis by Value from 2018 to 2030]:

• Low-Speed High-Torque Shredder
• Pre-Shredder
• Single-Shafted Shredder
• Others

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

• Ferrous Metals
• Automobile
• E-Scrap
• Heavy Scrap
• Steel
• Turnings
• Firearms
• Others

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

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

List of Scrap Metal Shredder 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 scrap metal shredder companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the scrap metal shredder companies profiled in this report include-

• Advance Hydrau-Tech
• FOR REC
• Fornax Technology
• Granutech-Saturn Systems
• Komar Industries
• MOCO Machinen-und Apparatebau
• SSI Shredding Systems
• UNTHA Shredding Technology
• Vecoplan
• WEIMA

Scrap Metal Shredder Market Insights

Lucintel forecasts that electric is expected to witness the higher growth over the forecast period due to increasing environmental regulations and emission standards that are restricting the use of diesel-powered equipment.

North America will remain the largest region over the forecast period due to industrial and building activity, environmental sustainability measures, and regional metal demand.

Features of the Global Scrap Metal Shredder Market

Market Size Estimates: Scrap metal shredder market size estimation in terms of value ($B).

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

Segmentation Analysis: Scrap metal shredder market size by type, design, application, and region in terms of value ($B).

Regional Analysis: Scrap metal shredder market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, design, application, and regions for the scrap metal shredder market.

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

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

FAQ

Q1. What is the scrap metal shredder market size?

Answer: The global scrap metal shredder market is expected to reach an estimated $1.0 billion by 2030.

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

Answer: The global scrap metal shredder market is expected to grow with a CAGR of 1.8% from 2024 to 2030.

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

Answer: The major drivers for this market are increasing government rules to promote recycling and decrease waste, rising metal prices, expanding raw material availability, along with the growing demand for recycled metal, and technological improvements.

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

Answer: The future of the global scrap metal shredder market looks promising with opportunities in the ferrous metal, automobile, e-scrap, heavy scrap, steel, turning, and firearm markets.

Q5. Who are the key scrap metal shredder market companies?

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

• Advance Hydrau-Tech
• FOR REC
• Fornax Technology
• Granutech-Saturn Systems
• Komar Industries
• MOCO Machinen-und Apparatebau
• SSI Shredding Systems
• UNTHA Shredding Technology
• Vecoplan
• WEIMA

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

Answer: Lucintel forecasts that electric is expected to witness the higher growth over the forecast period due to increasing environmental regulations and emission standards that are restricting the use of diesel-powered equipment.

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

Answer: North America will remain the largest region over the forecast period due to industrial and building activity, environmental sustainability measures, and regional metal demand.

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 scrap metal shredder market by type (diesel and electric), design (low-speed high-torque shredder, pre-shredder, single-shafted shredder, and others), application (ferrous metals, automobile, E-scrap, heavy scrap, steel, turnings, firearms, 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?

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