PUBLISHER: Grand View Research | PRODUCT CODE: 1588684
PUBLISHER: Grand View Research | PRODUCT CODE: 1588684
The global metal recycling equipment market size is anticipated to reach USD 10.21 billion by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.4% from 2025 to 2030. The increased need for recyclable metals from a wide range of end-use sectors, along with the increasing output of metallic trash globally, is expected to fuel demand for metal recycling equipment.
Recycled metal is environmentally beneficial and can lower emissions, production costs, and energy consumption; it is becoming more in demand in the food and beverage, construction, electronics, and automotive end-use sectors. Over the course of the projection period, this is thus anticipated to increase demand for metal recycling equipment.
The growing concerns associated with the depletion of non-renewable resources combined with the high manufacturing cost of metals have fueled the demand for metal recycling in a variety of end-use industries. Furthermore, governments in several developing nations are concentrating on upgrading recycling infrastructure, which is likely to increase equipment demand.
Growing concerns related to the depletion of non-renewable resources, coupled with the high manufacturing cost of primary metals, have augmented the demand for metal recycling in various end-use industries. The emergence of modern technologies has proved to be quite effective, in terms of identifying different types of metals, especially ferrous
Metal recycling equipment manufacturers are seeking collaborations, mergers, and acquisitions to expand their product lines and increase production capacity. Manufacturers are also focusing on increasing their manufacturing facilities to accommodate rising demand from end-use industries.