Scrap Metal Shredder

Scrap Metal Shredder

Global Scrap Metal Shredders Market to Reach $969.4 Million by 2027

In the changed post COVID-19 business landscape, the global market for Scrap Metal Shredders estimated at US$839.6 Million in the year 2020, is projected to reach a revised size of US$969.4 Million by 2027, growing at a CAGR of 2.1% over the analysis period 2020-2027. Ferrous Metals, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$224.1 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Automobile segment is readjusted to a revised 2.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $229.6 Million, While China is Forecast to Grow at 3.7% CAGR

The Scrap Metal Shredders market in the U.S. is estimated at US$229.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$179 Million by the year 2027 trailing a CAGR of 3.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$118.3 Million by the year 2027.

E-Scrap Segment to Record 2.7% CAGR

In the global E-Scrap segment, USA, Canada, Japan, China and Europe will drive the 2.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$100.7 Million in the year 2020 will reach a projected size of US$120.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 2.8% CAGR through the analysis period.

Select Competitors (Total 38 Featured) -

• ANDRITZ AG
• BCA Industries
• ECO Green Equipment, LLC.
• EcoStan India Private Limited.
• Granutech-Saturn Systems
• Hammermills International
• Metso Corporation
• MOCO Maschinen- und Apparatebau GmbH & Co. KG
• Rapid Granulator Inc.
• SSI Shredding Systems, Inc.
• UNTHA shredding technology GmbH
• Vecoplan AG
• WEIMA Maschinenbau GmbH

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