The Global Metal Recycling Market report includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global Metal Recycling Market was valued USD 235.78 Billion in 2022 and registering a CAGR of 5.10% from 2023 to 2032. The base year considered for the study is 2021, and the forecast has been provided for the period 2023 to 2032.
Global Metal Recycling Market Estimate and Growth Trends – Segmented, By Scrap Type (Old Scrap, New Scrap, Metal recycling market), By Type (Ferrous, Non-Ferrous), By Equipment (Shredders, Shears, Granulating, Machines, Briquetting Machines, Metal recycling), By End-Use Sector (Building & Construction, Automotive, Equipment Manufacturing, Shipbuilding, Packaging, Consumer Appliances, Others (Home & Industrial Furniture, Aerospace, and Residential & Commercial Utensils & Containers), By Region. The global Metal Recycling Market is anticipated to reach XX USD in 2030 with a growth rate of XX% CAGR. The total valuation of the global Metal Recycling market was XX USD in 2020. The study analysis offers projected growth for the next few years and the historical background with a base year over the determined forecast period.
The Market Study summary
The market analysis offers a thorough study of the global market by categorizing it into different segments and it offers analysis on geographical data with the largest market share. The market study offers an in-depth study of the industry and provides crucial information on the major advances in the market. The report includes the profiles of the leading players and the latest strategies they have incorporated to expand in the market.
The Metal Recycling market report provides a high-level qualitative and quantitative overview of the market, including market size, share, and growth. Also, explored are effective perspectives based on financial market status and embraced business strategies. While conducting this study, the author draws on the analysts' collective knowledge as well as data from official government websites and other reliable sources. With industry analysts working on the research, the study offers deep perspectives, ideas, and present market data.
Growth Drivers
The report's main aim is to provide a growth map of the Metal Recycling market. It is designed keeping in mind its objective of assisting the client in developing required strategies to achieve their business objectives. This report also addresses the key factors driving market development, as well as the opportunities, threats, and risks that key manufacturers and the market as a whole face. It also examines important new trends and their implications for current and future growth. The detailed study takes a close look at the industry on a microscopic level. The reader can recognize the footprints of manufacturers by knowing their global income, global price, and sales during the forecast period of 2018 to 2030.
Regional Analysis
The survey report provides a detailed analysis of the Metal Recycling Market, which is neatly grouped by regions. The study contains an overview of regional market players based on the analysis for many countries and helps in finding specific region-related information. The study provides a geographical and country-level review of the demand for North America, Europe, Asia Pacific, Middle East & Africa, and South America. Each region's market is thoroughly examined, allowing for the recognition of regional market growth patterns, hindrances, and growth prospects.
North America is the dominant country in the Metal Recycling market. It is expected to grow significantly over the forecast period. The growth is attributed to the region’s early adoption of advanced technology and incorporation of automation in industries. Furthermore, government agencies, businesses, and others are focusing their attention on developing the manufacturing industry, which will help the growth of the equipment market in the region. The market is expected to expand significantly due to increasing demand, increased profits, advanced technology and machinery, as well as increasing initiatives to integrate automation.
Due to its rapidly increasing population, Asia Pacific is expected to have higher demand in the forecast years. This aspect alone explains why the country will continue to dominate the Metal Recycling market share over the forecast period. The region has been vital in creating employment, particularly with the rise of the industrial sector and an increase in GDP per capita. The developing infrastructure is transforming rural areas into urban areas. Increasing manufacturing activities to sustain consumption due to a sudden increase in demand has largely been driven by the rise of the equipment industry. The region is home to the market's most important players.
As major projects are underway in Asia Pacific countries, such as China, India, Australia, and Indonesia, the region has the immense benefit of high demand. This is also attributable to the region's large population. China's booming manufacturing industry is a major catalyst for the region’s high demand. During the forecast period, the Metal Recycling market will experience high growth as the requirement for equipment rises in the region owing to fast-paced development.
As the Metal Recycling market's major players concentrate on expanding their businesses around the world, regions like the Middle East and Africa will witness steady growth. Since small-scale manufacturers are vying for a significant share of the market in South America, the region will witness impressive growth. Europe, on the other hand, has a well-established infrastructure for the manufacturing and industrial sector. However, lower demand in developed countries is expected to lead to slow growth in the region. With COVID-19 hitting the region of North America and Europe the hardest, particularly the manufacturing and the industrial sector, the region has seen a detrimental impact. The market is on course of recovery and with technological advances, it will gain growth momentum. The forecast period for the industry is estimated at 2018-2030.
Competitive Landscape
The report includes a detailed explanation of the competitive environment for the Metal Recycling industry. Key players in the industry have been established and profiled to understand the leading market players and the competition they face. Some of the characteristics of key players in the industry profiled in this study include company summary, latest developments, financial standings, and SWOT analysis. The dominant players in the global market are ArcelorMittal (Luxembourg), Nucor Corporation (US), Commercial Metals Company (US), Sims Metal Management Limited (US), and Aurubis AG (Germany)
Methodology:
Based on our comprehensive secondary research, primary research, and in-house databases, the market estimates were evaluated by taking into account the impact of various political, economic, social, technical, and legal factors. In order to understand the competitive situation in the industry, Porter's five forces model is used. This study includes an industry review that aims to provide a comprehensive view of the sector.
The data collection process starts with the gathering of data from different sources, followed by data processing, and finally the synthesis and submission of the collected data for validation. The data storage process entails gathering and storing information from a variety of sources, as well as compiling a comprehensive analysis.
Market Segmentation:
By Scrap Type:
- Old Scrap
- New Scrap
- Metal recycling market
By Type:
- Ferrous
- Non-Ferrous
By Equipment:
- Shredders
- Shears
- Granulating
- Machines
- Briquetting Machines
- Metal recycling
By End-Use Sector:
- Building & Construction
- Automotive
- Equipment Manufacturing
- Shipbuilding
- Packaging
- Consumer Appliances
- Others:
- Home & Industrial Furniture
- Aerospace
- Residential & Commercial Utensils
- Containers
By Region:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Russia
- UK
- France
- Italy
- Spain
- The Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
Years Covered in the Study:
Historic Year: 2019-2020
Base Year: 2021
Estimated Year: 2022
Forecast Year: 2032
Objectives of this report:
- To estimate the market size for the Metal Recycling market on a regional and global basis.
- To identify major segments in the Metal Recycling market and evaluate their market shares and demand.
- To provide a competitive scenario for the Metal Recycling market with major developments observed by key companies in the historic years.
- To evaluate key factors governing the dynamics of the Metal Recycling market with their potential gravity during the forecast period.
Reasons to Buy This Report:
- Provides niche insights for decisions about every possible segment helping in the strategic decision-making process.
- Market size estimation of the Metal Recycling market on a regional and global basis.
- A unique research design for market size estimation and forecast.
- Identification of major companies operating in the market with related developments.
- Exhaustive scope to cover all the possible segments helping every stakeholder in Metal Recycling.
Customization:
This study is customized to meet your specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
- Product Specific Competitive Analysis
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