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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Scrap Metal Shredder Market Share
Diesel scrap metal shredders leads due to their extensive use in many industries
Diesel scrap metal shredders are powered by diesel engines and are commonly used in industrial settings due to their high power output and durability. On the other hand, electric scrap metal shredders are powered by electricity and are becoming increasingly popular due to their lower emissions and quieter operation.
As per scrap metal shredder market analysis, diesel scrap metal shredders currently dominate the market share due to their widespread use in steel manufacturing and automotive recycling. However, the market for electric scrap metal shredders is expected to grow at a faster rate in the coming years due to increasing environmental regulations and emission standards that are restricting the use of diesel-powered equipment.
Ferrous metals hold a significant market share due to rising demand for recycled steel and iron
Ferrous metals are the most recycled materials and are among the simplest to recycle because they can be magnetically separated from trash. The demand for ferrous metal shredders is driven by the need to recycle steel and iron, which are essential components in various industries such as construction, automotive, and manufacturing.
The automobile segment is also significant in scrap metal shredder market report. The demand for automobile shredders is driven by the need to recycle end-of-life vehicles (ELVs). Automobile shredders are designed to handle the complex and diverse materials found in vehicles, such as plastics, glass, and metal.
E-scrap, or electronic waste, is a growing segment and the demand for e-scrap shredders is driven by the increasing need to recycle electronic components such as circuit boards, wires, and other electronic materials. E-scrap shredders are designed to handle the complex and hazardous materials found in electronic waste.
Scrap Metal Shredder Market Report Snapshots
Scrap Metal Shredder Market Size
Scrap Metal Shredder Market Growth
Scrap Metal Shredder Market Trends
Scrap Metal Shredder Market Share
Scrap Metal Shredder Manufacturers
Scrap Metal Shredder Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The scrap metal shredder market is expected to grow at a CAGR of 2% between 2024 and 2032.
The major drivers of the market include the increasing recycling of metal, the high prices of metal, and the introduction of favourable government initiatives aimed at boosting the judicious utilisation of resources.
The growing environmental concerns, rapid industrialisation, the growing adoption of sustainable development plans, the increasing investments in scrap metal shredders by steel mills, and the rising demand for recycled metal in sectors like automotive and construction are the key trends guiding the market growth.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading types of scrap metal shredders in the market are diesel and electric.
The main scrap metal shredder designs in the market are low-speed high-torque shredder, pre-shredder, and single-shafted shredder, among others.
The significant applications of scrap metal shredder are ferrous metals, automobile, e-scrap, heavy scrap, steel, turnings, and firearms, among others.
Key players in the market are Granutech-Saturn Systems, Komar Industries, Inc, Forrec srl, Williams Patent Crusher and Pulverizer Co., Inc., SSI Shredding Systems, Inc., and Fornax Technology Pvt Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124