Global Scrap Metal Shredder Market 2017-2021

Overview of the global scrap metal shredder market

Technavio’s market research report predicts that the global scrap metal shredder market will post a market revenue of USD 810 million during the forecast period. Increase in automation to match the expected quality standards is one of the primary drivers of the market’s growth. Globalization and rising population contribute to the growing demand for automated products. Automation removes the prospect of any human error that may affect the quality and allows control and operation of manufacturing processes to keep up the quality of the products. Furthermore, the growth is mainly associated with sectors like technology, software, hardware, services and communication protocol in automation.

One of the latest trends that will gain traction in the global scrap metal shredder market is the increase in demand for commercial aircraft. Increasing regional tensions and the requirement to modernize old airplanes and weaponry propels the growth of the segment. Moreover, the rising air traffic globally is anticipated to create demand and increase the establishment of new shredder machine recycling facilities across the globe.

 Competitive analysis and key vendors

The global scrap metal shredder market consists of numerous international players and regional vendors from emerging nations. The international players in the market provide an extensive range of products such as metal shredder machines and services to satisfy the requirements of key end-users.

Key vendors in the market are:

• Metso
• SSI Shredding Systems
• UNTHA
• WEIMA

Other prominent vendors include Advance Hydrau Tech, ANDRITZ, BCA Industries, Brentwood, ECO Green Equipment, Ecostan, Granutech-Saturn Systems, Hammermills International, MOCO Maschinen- und Apparatebau, Rapid Granulator, Servo International, and Vecoplan.

Geographical segmentation and analysis of the global market 

• Americas
• APAC
• EMEA

In terms of geography, the Americas dominated the scrap metal shredder machine market during 2016 and is expected to continue the domination over the next four years. Factors like an increase in the demand for new vehicles and machinery and rising fuel efficiency will drive the demand for shredder machines in the region.

Growth drivers, challenges, and upcoming trends: Rising Sales of EVs

From quite a while, the interest in electric vehicles (EVs) has risen due to a   rise in pollution and reduction in fossil fuel reserves. Governments globally are offering incentives to support the growth of EVs, plug-in hybrid electric vehicle (PHEVs), and battery electric vehicles (BEVs). Moreover, subsidies are provided to buyers who opt for PHEVs and EVs. Such factors are expected to drive the demand for Li-ion batteries for use in such cars.

This report provides some factors contributing to the adoption, limitations, and opportunities of the global scrap metal shredder market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global scrap metal shredder market?
• What are the key market trends impacting the global scrap metal shredder market?
• What are the challenges to market growth?
• Who are the key vendors in the global scrap metal shredder market?
• What are the market opportunities and threats faced by the vendors in the global scrap metal shredder market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global scrap metal shredder market?

Technavio also offers customization on reports based on specific client requirement.

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The unit operations segment from Technavio covers various aspects of the heavy industry including heat exchangers, industrial mixers, rubber processors, artificial lift pumps, monitoring solutions, and HVAC refrigerants. According to the market research analysts at Technavio, all markets in the segment are witnessing steady growth and are experiencing a massive demand for energy-efficient products, which will intensify the competition among vendors to invest in their R&D to introduce new products. With an in-depth analysis of various markets, our industry experts provide insightful reports that include detailed information on various parameters such as the factors influencing and challenging market growth, key trends, technological advancements, and more. Additionally, to offer vendors a competitive edge in the market, our reports also include an analysis of the various end-user industries driving market growth and the growth prospects of the market in different geographical locations as well. Some of the leading vendors in the unit operations industry include Bosch, Ekato, Xylem, Sulzer, Kobe Steel, GRM, and Honeywell.

To identify the industry’s growth prospects, market size, and product demand across different geographical regions, the market research analysts at Technavio have a mix of primary and secondary research techniques. With the optimal usage of analytical tools and detailed information on various parameters such as the changing preferences of customers and the products offered by competitors across the global and regional markets, our upcoming market research report on scrap metal shredders for the forecast period of 2017 to 2021 will help clients understand the constantly changing landscape of the unit operations sector.

This upcoming report on scrap metal shredder also takes into consideration the growth trajectory of similar markets such as freeze-drying equipment market and industrial evaporators, which are expected to grow at a CAGR of around 7% during the period 2016 to 2020. According to our experts, rising concerns about the environment has led to the increased recycling of metal and metal products, which will significantly contribute to the growth of the scrap metal shredders market in the future. In addition to syndicated reports, Technavio also offers customized market research reports based on the requirements of the clients.

The upcoming industry research report for scrap metal shredders also identifies the important growth drivers, emerging trends, as well as the various challenges currently experienced by the unit operations sector. It also presents insights into the changing competitive landscape to give you a realistic picture of the future direction of the heavy industry sector.