Rockville, Feb. 14, 2023 (GLOBE NEWSWIRE) -- According to Fact.MR, market research and competitive intelligence provider, Europe mini scrap metal shredder market is estimated at US$ 125.9 million in 2023 and is expected to expand at a CAGR of 5.8% during the forecast years of 2023-2033.
Metal shredders are used to shred or reduce metal into compressed sizes and shapes for easy handling before they are sent for recycling. Growth in the demand for the shredder can be anticipated on the back of the growing waste management and recycling industry.
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Report Attributes | Details |
| Forecast Period | 2023 - 2033 |
| Value Projection (2032) | US$ 220.9 Billion |
| Growth Rate (2022-2032) | 5.8 % CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 100 Tables |
| No. of Figures | 83 Figures |
Key Takeaways from Market Study
- Europe mini scrap metal shredder market is projected to expand at a CAGR of 5.8% and be valued at US$ 220.9 million by 2033
- The market witnessed a 2.2% CAGR for the period of 2018-2022
- Germany dominates Europe’s mini scrap metal shredder market with a 25.0% market share in 2023
- UK’s mini scrap metal shredder market is expected to grow at a CAGR of 4.5% to reach a valuation of US$ 22.7 million by 2023
- The hydraulic-powered mini scrap metal shredder is a growing segment and has a growth rate of 5.9% from 2023-2033
- Double Shaft mini scrap metal shredder is expected to be the crown of the market share of 34.0% in 2023
“The portability feature of mini scrap metal shredder along with inclination towards scrap metal recycling to reduce waste and conserve raw material is expected to drive the market,” says a Fact.MR analyst.
Market Frontrunners
- Advance Hydrau Tech Pvt. Ltd.
- Coparm Srl
- DILOYA GROUP
- Doyle Machinery Ltd.
- Franklin Miller Inc
- Granutech-Saturn Systems
- Zhengzhou Yuxi Machinery Equipment Co., Ltd.
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Players Key Stratagems
Market participants are providing a full line of equipment that is outfitted with the most recent technology needed for recycling operations in various recycling industries. Players are concentrating on offering customized solutions based on the requirements of their users.
Players also provide their clients with technical assistance and services related to waste management, including consulting, planning, installing, and other related tasks. The primary tactic continues to be to concentrate on enhancing the distribution channel in order to corner a sizable market.
Segmentation of Mini Scrap Metal Shredder Industry Research
- By Scrap Type :
- Ferrous Metals
- Non-Ferrous
- Aluminium
- Brass
- Carbide
- Copper
- Lead
- Titanium
- Others
- By Scrap Source :
- Automobiles
- Steel
- Building and Construction
- Electronics
- Others
- By Power Source :
- Hydraulic
- Electric
- Hybrid
- By Rotor Diameter (mm) :
- Less than 300
- 300-500
- 500-700
- above 700
- By Cutting System :
- Horizontal
- Vertical
- By Number of Shafts :
- Single-Shaft
- Double-Shaft
- Triple-Shaft
- Quad-Shaft
- By Country :
- Germany
- France
- UK
- BENELUX
- NORDIC
- Italy
- Spain
- Rest of Europe
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Key Questions Covered in the Europe Mini Scrap Metal Shredder Market Report
- What is the projected value of the Europe Mini Scrap Metal Shredder Market in 2023?
- At what rate will the global Europe Mini Scrap Metal Shredder Market grow until 2033?
- Which are the factors hampering the growth in the Europe Mini Scrap Metal Shredder Market?
- Which region is expected to lead in the global Europe Mini Scrap Metal Shredder Market during 2023 to 2033?
- Which are the factors driving the Europe Mini Scrap Metal Shredder Market during the forecast period?
- What is the expected market value of the Europe Mini Scrap Metal Shredder Market during the forecast period?
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the Europe mini scrap metal shredder market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of scrap type (ferrous metals, non-ferrous (aluminium, brass, carbide, copper, lead, titanium, others)), scrap source (automobiles, steel, building and construction, electronics, others), power source (hydraulic, electric, hybrid), rotor diameter (less than 300 mm, 300-500 mm, 500-700 mm, above 700 mm), cutting system (horizontal, vertical), and number of shafts (single-shaft, double-shaft, triple-shaft, quad-shaft), across major countries of Europe (Germany, UK, France, Spain, Italy, BENELUX, NORDIC, Rest of Europe).
Check out more related studies published by Fact.MR Research:
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