Metal Machining Scrap Equipment Market by Application, Type, and Geography - Forecast - 2023-2027

Published: Feb 2023 Pages: 157 SKU: IRTNTR74939

The metal machining scrap equipment market is estimated to grow at a CAGR of 3.49% between 2022 and 2027. The size of the market is forecast to increase by USD 319.08 million. The growth of the market depends on several factors, including increasing demand for metal scrap in various application industries, rising demand for housing projects globally, and stringent government legislation to reduce environmental pollution.

This report extensively covers market segmentation by application (machine shops and foundries), type (baler press, shredders, shears, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Metal Machining Scrap Equipment Market During the Forecast Period?

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Parent Market Analysis

The reports categorize the global metal machining scrap equipment market as a part of the global industrial machinery market. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Metal Machining Scrap Equipment Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing demand for metal scrap in various application industries is notably driving the market growth, although factors such as an increase in tariffs for metal imports may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Metal Machining Scrap Equipment Market Driver

The increasing demand for metal scrap in various application industries is notably driving market growth. The demand for metal scrap is increasing in various application industries due to various factors such as the need for raw materials, cost-effectiveness, and environmental concerns. In the construction industry, metal scrap is used as a raw material for the production of steel and other metals, which are used in the construction of buildings and infrastructure. The automotive industry is also a significant consumer of metal scrap. Automotive companies use scrap metal to manufacture new cars, which reduces the need for virgin materials and lowers the overall cost of production. 

In addition to these industries, the demand for metal scrap is also increasing in the electrical and electronic industries. These industries use scrap metal to manufacture various electronic products, such as smartphones, laptops, and televisions. Therefore, the increasing demand for metal scrap in several industries increased the demand for metal scrap equipment and is expected to boost the growth of the market during the forecast market.

Significant Metal Machining Scrap Equipment Market Trend

Automation of metal scrap equipment is the primary trend in the market. Automating metal machining scrap equipment significantly impacts the market by improving efficiency and accuracy, reducing waste, and lowering labor costs. Automated equipment can operate 24/7 without the need for human intervention, which reduces downtime and increases productivity. Additionally, automated systems are designed to optimize the processing of metal scraps, which results in higher recovery rates and improved product quality.

Another key benefit of automation is the reduction of waste, as automated systems are designed to minimize scrap and improve material utilization. This leads to more efficient use of resources and a reduction in the environmental impact of metal machining. Therefore, automation will help boost market growth.

Major Metal Machining Scrap Equipment Market Challenge

An increase in tariffs for metal imports is the major challenge impeding the market. The imposition of tariffs on the import of metal for usage in end industries such as construction, automotive, etc., declines the demand for metal machining scrap equipment. For instance, 25% and 10% tariffs on steel and aluminum scrap imports by the US in March 2018 resulted in uncertainty in the metals industry. The imposition of tariffs was primarily expected to impact China the most, as the North American Free Trade Agreement (NAFTA) and the European Union member countries such as Canada, Mexico, and Germany were excluded. The decision to increase import tariffs was taken primarily to promote the domestic production of steel and aluminum.

Similarly, Turkey is also facing a 20.2% year-on-year fall in steel production in July 2022 and a 40.9% year-on-year slump in steel scrap imports in July 2022. These trends have repercussions for scrap merchants all across the world. Thus, the uncertainty in the trade of steel and aluminum among leading countries will negatively affect the market during the forecast period.

Key Metal Machining Scrap Equipment Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Metal Machining Scrap Equipment Market Customer Landscape

Who are the Major Metal Machining Scrap Equipment Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Advance Hydrau Tech Pvt. Ltd. - The company offers metal machining scrap equipment that allows one to make the most out of each cut, getting uniform shredded pieces altogether. The company offers balers, box shears, nibblers, shearers, and others.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Applied Recovery Systems Inc.
  • Brentwood RM Pty Ltd
  • Caterpillar Inc.
  • CP Manufacturing Inc.
  • Fornnax Technology Pvt Ltd.
  • Gensco Equipment Inc.
  • Granutech Saturn Systems
  • Green Machine
  • Iron Ax
  • Lefort
  • MAYFRAN INTERNATIONAL
  • Metso Outotec Corp.
  • PRAB Inc.
  • Rapid Granulator
  • SP Industries Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Metal Machining Scrap Equipment Market?

The market share growth of the machine shops segment will be significant during the forecast period. Machining shop equipment, such as chip conveyors, coolant filtration systems, and scrap granulators, is used in machine shops to collect, transport, and dispose of the metal chips and debris produced during the machining process. These systems help to keep the shop floor clean and free of debris, improve the efficiency of the machining process, and reduce the cost of disposing of scrap material. Additionally, they can be used to recycle scrap material and reuse it in the production process. 

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The machine shops segment was valued at USD 1,019.83 million in 2017 and continued to grow until 2021. The machine shops in the machining scrap equipment market are mostly utilized for recycling and to reduce the consumption of raw materials. And this machinery is quite useful for producing a variety of components in a small quantity. It is also utilized for a variety of additional applications, such as the disposal of scrap items. Overall, the use of machine scrap equipment in machine shops helps to improve the productivity, safety, and profitability of the operation. Thus, the machine shops segment contributes towards the growth of the market during the forecast market.

Which are the Key Regions for the Metal Machining Scrap Equipment Market?

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APAC is estimated to contribute 53% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Construction equipment had better demand in APAC as compared with MEA, South America, and North America during 2023-2027. This can be attributed to various infrastructure projects in APAC, which kept the demand for construction equipment strong, thus making a healthy market environment for metal machining scrap equipment as these projects use a significant amount of metal such as steel, copper, aluminum, etc. 

Many public-private partnerships (PPP) infrastructure projects, such as the construction of roads, rail lines, airports, and power plants, have been planned in India. The Government of India has planned to invest billions of dollars in its smart cities project, which is aimed at building 100 new smart cities across the country. The power sector will attract investments of billions of dollars in terms of PPP. A considerable number of Foreign Direct Investment (FDI) policies related to construction and infrastructure development were relaxed by the Government of India in the last five years, which is expected to attract foreign investments for construction and housing projects. These factors can increase the demand for metal scrap recycling and the growth of the market in the region during the forecast period.  

COVID-19 negatively impacted the growth of the regional metal machining scrap equipment market. However, the lifting of lockdowns and the resumption of business and industrial operations in end-user industries such as automotive and construction, has increased the demand for machining scrap equipment in the region. Hence, the market in the region is expected to grow during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Machine shops
    • Foundries
  • Type Outlook (USD Million, 2017 - 2027)
    • Baler press
    • Shredders
    • Shears
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • APAC
      • China
      • India
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • North America
      • The U.S.
      • Canada
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Metal Machining Scrap Equipment Market Scope

 

Report Coverage

Details

Page number

157

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.49%

Market growth 2023-2027

USD 319.08 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.29

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 53%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Advance Hydrau Tech Pvt. Ltd., Applied Recovery Systems Inc., Brentwood RM Pty Ltd, Caterpillar Inc., CP Manufacturing Inc., Fornnax Technology Pvt Ltd., Gensco Equipment Inc., Granutech Saturn Systems, Green Machine, Iron Ax, Lefort, MAYFRAN INTERNATIONAL, Metso Outotec Corp., PRAB Inc., Rapid Granulator, SP Industries Inc., Vaner Machinery Co. Ltd., WEIMA America Inc., Wendt Corp., and Wiscon Envirotech Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Metal Machining Scrap Equipment Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the metal machining scrap equipment market between 2023 and 2027
  • Precise estimation of the metal machining scrap equipment market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of metal machining scrap equipment market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global metal machining scrap equipment market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global metal machining scrap equipment market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Machine shops - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Machine shops - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Machine shops - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Machine shops - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Machine shops - Year-over-year growth 2022-2027 (%)
    • 6.4 Foundries - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Foundries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Foundries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Foundries - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Foundries - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 45: Chart on Comparison by Type
      • Exhibit 46: Data Table on Comparison by Type
    • 7.3 Baler press - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Baler press - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Baler press - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Baler press - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Baler press - Year-over-year growth 2022-2027 (%)
    • 7.4 Shredders - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Shredders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Shredders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Shredders - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Shredders - Year-over-year growth 2022-2027 (%)
    • 7.5 Shears - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Shears - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Shears - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Shears - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Shears - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Type
      • Exhibit 63: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Advance Hydrau Tech Pvt. Ltd.
              • Exhibit 116: Advance Hydrau Tech Pvt. Ltd. - Overview
              • Exhibit 117: Advance Hydrau Tech Pvt. Ltd. - Product / Service
              • Exhibit 118: Advance Hydrau Tech Pvt. Ltd. - Key offerings
            • 12.4 Applied Recovery Systems Inc.
              • Exhibit 119: Applied Recovery Systems Inc. - Overview
              • Exhibit 120: Applied Recovery Systems Inc. - Product / Service
              • Exhibit 121: Applied Recovery Systems Inc. - Key offerings
            • 12.5 Caterpillar Inc.
              • Exhibit 122: Caterpillar Inc. - Overview
              • Exhibit 123: Caterpillar Inc. - Business segments
              • Exhibit 124: Caterpillar Inc. - Key offerings
              • Exhibit 125: Caterpillar Inc. - Segment focus
            • 12.6 CP Manufacturing Inc.
              • Exhibit 126: CP Manufacturing Inc. - Overview
              • Exhibit 127: CP Manufacturing Inc. - Product / Service
              • Exhibit 128: CP Manufacturing Inc. - Key offerings
            • 12.7 Fornnax Technology Pvt Ltd.
              • Exhibit 129: Fornnax Technology Pvt Ltd. - Overview
              • Exhibit 130: Fornnax Technology Pvt Ltd. - Product / Service
              • Exhibit 131: Fornnax Technology Pvt Ltd. - Key offerings
            • 12.8 Gensco Equipment Inc.
              • Exhibit 132: Gensco Equipment Inc. - Overview
              • Exhibit 133: Gensco Equipment Inc. - Product / Service
              • Exhibit 134: Gensco Equipment Inc. - Key offerings
            • 12.9 Iron Ax
              • Exhibit 135: Iron Ax - Overview
              • Exhibit 136: Iron Ax - Product / Service
              • Exhibit 137: Iron Ax - Key offerings
            • 12.10 Lefort
              • Exhibit 138: Lefort - Overview
              • Exhibit 139: Lefort - Product / Service
              • Exhibit 140: Lefort - Key offerings
            • 12.11 MAYFRAN INTERNATIONAL
              • Exhibit 141: MAYFRAN INTERNATIONAL - Overview
              • Exhibit 142: MAYFRAN INTERNATIONAL - Product / Service
              • Exhibit 143: MAYFRAN INTERNATIONAL - Key offerings
            • 12.12 Metso Outotec Corp.
              • Exhibit 144: Metso Outotec Corp. - Overview
              • Exhibit 145: Metso Outotec Corp. - Business segments
              • Exhibit 146: Metso Outotec Corp. - Key news
              • Exhibit 147: Metso Outotec Corp. - Key offerings
              • Exhibit 148: Metso Outotec Corp. - Segment focus
            • 12.13 PRAB Inc.
              • Exhibit 149: PRAB Inc. - Overview
              • Exhibit 150: PRAB Inc. - Product / Service
              • Exhibit 151: PRAB Inc. - Key offerings
            • 12.14 Rapid Granulator
              • Exhibit 152: Rapid Granulator - Overview
              • Exhibit 153: Rapid Granulator - Product / Service
              • Exhibit 154: Rapid Granulator - Key offerings
            • 12.15 SP Industries Inc.
              • Exhibit 155: SP Industries Inc. - Overview
              • Exhibit 156: SP Industries Inc. - Product / Service
              • Exhibit 157: SP Industries Inc. - Key offerings
            • 12.16 WEIMA America Inc.
              • Exhibit 158: WEIMA America Inc. - Overview
              • Exhibit 159: WEIMA America Inc. - Product / Service
              • Exhibit 160: WEIMA America Inc. - Key offerings
            • 12.17 Wiscon Envirotech Inc.
              • Exhibit 161: Wiscon Envirotech Inc. - Overview
              • Exhibit 162: Wiscon Envirotech Inc. - Product / Service
              • Exhibit 163: Wiscon Envirotech Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 164: Inclusions checklist
                • Exhibit 165: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 166: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 167: Research methodology
                • Exhibit 168: Validation techniques employed for market sizing
                • Exhibit 169: Information sources
              • 13.5 List of abbreviations
                • Exhibit 170: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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