Sales of Metal Recycling Equipment Market is Expected to Cross US$ 11.5 Bn by the end of 2032, in Comparison to the US$ 6.5 Bn it had Reached in 2021 | Data Analysis by Future Market Insights, Inc. – QNT Press Release

Asia Pacific Excluding Japan Accounting for the Largest Share in the Global Metal Recycling Equipment Market. Rising demand for recycled metals from various end-use industries, coupled with the increasing generation of metallic waste globally, is expected to drive the demand for metal recycling equipment.

NEWARK, Del., Nov. 18, 2022 /PRNewswire/ — The global metal recycling equipment market stands at US$ 6.9 Bn as of now and is expected to reach US$ 11.5 Bn by the year 2032 at a CAGR of 6-7% between 2022 and 2032.

Metal recycling equipment come across as industries machines like briquetting machines, shredders, baler presses, granulating machines, extruders, and likewise, which are, as the name suggests, recycling the metal waste inclusive of sorting & collection, processing, melting, grinding purification.

With growing concerns about disposal of metal waste all across, metal recycling is inevitable. Metal is among the vital elements used to produce a spectrum of products encompassing automotive components & parts, mechanical equipment, electronic appliances and, con,structure, fconial materials likewise.

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Also, governments are imposing strict regulations regarding disposal of metal waste. These factors are expected to find the metal recycling equipment market well in the near future.

At the same time, the fact that metal recycling equipment are costly can’t be ignored. This could definitely make the small as well as medium-sized enterprises have to think twice before opting for these equipment. Plus, excessive tear and wear of the parts like ram, wear ring, barring, die, split die, and likewise could hinder the market. These factors could actually act as a hump to the metal recycling equipment market in the years to come.

Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Metal Recycling Equipment Market’. It has its team of analysts and consultants to have it executed, with primary as well as secondary research ‘On’.

Key Takeaways from Metal Recycling Equipment Market

  • The Asia-Pacific holds the largest market share. It, in fact, contributes for more than 40% of the overall revenue. This could be credited to a noteworthy increase in acquisitions, mergers, site relocations, and integration activities all across. The government of China altered the import limitations regarding copper and aluminum in January 2021which is expected to bolster the metal recycling equipment market.
  • MEA alone is expected to witness a CAGR of ~5% in the metal recycling equipment market. This could be reasoned with growing investments in textile equipment, aircraft production, and fabrication of metallic items.
  • North America and Europe are witnessing steadiness in the metal recycling equipment market and expected to continue to be the same even going forward.

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