Metal Recycling Equipment Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

 The global metal recycling equipment market size is estimated to total US$ 6.9 Bn in 2022. The sales of metal recycling equipment are expected to exceed US$ 11.5 Bn by the end of 2032, in comparison to the US$ 6.5 Bn registered in 2021. Driven by the growing concerns regarding metal waste management and using recycled products, the demand for metal recycling equipment is projected to rise at a CAGR of around 6% to 7% CAGR during the forecast period 2022–2032.

The process involved for the recycling of metal waste includes collection & sorting, processing, grinding, melting, and purification. The recycling of metal from metal scrapes eliminates the consumption of other chemicals and additives that are used during the extraction from ores. Therefore, the recycling of existing metals is advantageous for catering to the growing demand for metal products across the globe.

Additionally, increasing government regulations on waste management and recycling for the efficient utilization of natural resources are anticipated to drive the demand for metal recycling equipment during the forecast period.

Global Metal Recycling Equipment Market: Dynamics

Increasing initiatives by the governments of various regions for the efficient utilization of existing natural resources, coupled with growing focus of waste management activities, are projected to set the healthy demand for metal recycling equipment during the forecast period.

Moreover, the growing demand for metal products across the globe, along with the low cost of recycled metal products is also expected to fuel the demand for metal recycling equipment in the global market. Furthermore, the ban of waste import from the U.S. by China is also expected to create lucrative growth opportunities for the South East Asia and U.S. markets during the forecast period.

Additionally, rapid industrialization, coupled with growing urbanization and rising disposable income in developing economies such as China, India, and some ASEAN countries is also promoting waste recycling activities. This is further expected to create significant demand for metal recycling equipment in the future.

Global Metal Recycling Equipment Market: Regional Outlook

The global market for metal recycling equipment is primarily dominated by the Asia Pacific region. The market in Asia Pacific has significant growth potential, owing to the growing awareness, along with the growing need for metal products in the region. Moreover, the shift of waste recycling from China to South East Asia is also expected to create healthy demand for metal recycling equipment in the region. The market in this region is also anticipated to grow at a prominent CAGR during the forecast period.

Moreover, the markets in North America and Europe are anticipated to register moderate growth, owing to them being developed markets, throughout the forecast period. The ban on waste imports by China is expected to create healthy growth opportunities in the North American market during the forecast period. Furthermore, the markets of Latin America and the Middle East & Africa are also projected to grow at a decent pace, owing to increasing investments in these regions.

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