Scrap Cable Recycling Equipment Market
Scrap Cable Recycling Equipment Market Forecasts to 2030 - Global Analysis By Type (Sorting Systems, Metal Shredders, Briquetting Machines, Granulating Machines and Other Types), Application (Building & Construction, Automotive & Shipbuilding, Equipment Manufacturing, Consumer Appliances, Packaging and Other Applications) and by Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $6.81 BN |
|
Projected Year Value (2030) |
US $11.83 BN |
|
CAGR (2023 - 2030) |
8.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Scrap Cable Recycling Equipment Market is accounted for $6.81 million in 2023 and is expected to reach $11.83 million by 2030 growing at a CAGR of 8.2% during the forecast period. In order to address the growing issues with electronic waste management and promote sustainable practices, scrap cable recycling equipment is essential. This specialized equipment is made to efficiently recover valuable materials, like copper and aluminum, from discarded cables with the least amount of negative environmental impact. These machines, which usually consist of wire strippers, shredders, and cable granulators, allow metal parts to be separated from insulating materials, which makes recycling easier. Moreover, the need for scrap cable recycling equipment has increased due to strict regulations encouraging recycling programs and growing public awareness of the negative environmental effects of electronic waste.
According to the Recycling Today Association, Scrap Cable Recycling Equipment has become increasingly vital in the broader context of electronic waste management. The association emphasizes the role of specialized equipment, including cable granulators and wire strippers, in efficiently recovering valuable metals from discarded cables, contributing to both environmental sustainability and resource conservation.
Market Dynamics:
Driver:
Growing conscience over environmental effects
The market for scrap cable recycling equipment is primarily driven by growing awareness of the negative environmental effects of disposing of electronic waste. Campaigns for environmental advocacy, public awareness, and educational programs have increased knowledge of the detrimental effects of electronic waste on ecosystems. Additionally, the need for scrap cable recycling equipment increases as more people, organizations, and governments realize how urgent it is to address these environmental issues. This equipment is essential for managing electronic waste responsibly.
Restraint:
Variations in raw material prices
The market for recycling equipment for scrap cables is affected by changes in the cost of raw materials, especially metals like copper and aluminum. The market prices for these materials have a direct impact on the economic sustainability of the recycling sector. Furthermore, quick swings can have an impact on recycling operations' profitability and return on investment for companies that use scrap cable recycling equipment.
Opportunity:
Technological developments in recycling
The market for scrap cable recycling equipment is expected to grow due to ongoing improvements in recycling technologies. Artificial intelligence, automation, and separation process innovations can improve the efficacy and efficiency of material recovery from electronic waste. Moreover, in the rapidly changing recycling market, manufacturers who put money into R&D to incorporate cutting-edge technologies into their machinery stand to benefit.
Threat:
Insufficient knowledge and instruction for consumers
The market for scrap cable recycling equipment is threatened by a lack of consumer education and awareness about the value of recycling electronic waste. Lower participation rates in recycling programs could be the consequence of inadequate knowledge about the role of recycling equipment and the environmental impact of e-waste. Additionally, campaigns to raise public awareness are essential to combating this threat and promoting an ethical e-waste management culture.
Covid-19 Impact:
The COVID-19 pandemic has had a significant and varied effect on the market for scrap cable recycling equipment. The first worldwide lockdowns caused supply chain disruptions, hindered production, and decreased the amount of electronic waste produced. Businesses were forced to re-evaluate capital expenditures due to economic uncertainties, which had an impact on the adoption of recycling technologies. But the pandemic has also sped up trends in digital transformation, highlighting how crucial it is to manage e-waste responsibly. Moreover, the post-pandemic landscape has created opportunities for the scrap cable recycling equipment market as businesses prioritize environmental responsibility and the circular economy. This is due to a renewed focus on sustainability as industries gradually recover.
The Metal Shredders segment is expected to be the largest during the forecast period
The metal shredders segment is anticipated to hold the largest market share during the anticipated period. By effectively breaking down massive amounts of metal scrap into smaller, easier-to-handle pieces, these machines are essential to the recycling sector. Additionally, steel production, automobile scrap processing, and scrap metal recycling are just a few industries that heavily rely on metal shredders. They are essential for shredding a variety of metal materials, including steel, copper, and aluminum, due to their sturdy construction and high processing capacity.
The Building & Construction segment is expected to have the highest CAGR during the forecast period
The market's highest CAGR is anticipated for the building and construction segment. This is explained by the growing need in the construction sector for environmentally friendly and sustainable methods. Recycling equipment is essential to the ethical handling of waste from construction, including metal, concrete, and other materials. Furthermore, building and construction companies are using recycling equipment like shredders, crushers, and sorting systems more frequently in order to process and reuse construction and demolition waste in an efficient manner, all while adhering to the principles of the circular economy.
Region with largest share:
Asia-Pacific leads the scrap cable recycling equipment market, due to their strong industrialization, a large amount of manufacturing, and a large amount of electronic waste generation drive the region's leadership. Developing nations such as China, Japan, South Korea, and India are leading the way in implementing cutting-edge recycling technologies to tackle the growing issue of managing electronic waste. Moreover, stricter environmental laws, growing public awareness of sustainable practices and a growing focus on the principles of the circular economy all contribute to the growth.
Region with highest CAGR:
The market for scrap cable recycling equipment is expected to grow at the highest CAGR in the European region. A deliberate effort to address the problems associated with electronic waste through cutting-edge recycling technologies is driving the growth of the European market. Scrap cable recycling equipment is becoming more and more popular as a result of the active application of circular economy principles by EU member states like Germany, the UK, and France. Additionally, the region's strong regulatory environment, which includes WEEE guidelines, encourages businesses to invest in cutting-edge recycling strategies.
Key players in the market
Some of the key players in Scrap Cable Recycling Equipment market include MSS, Inc, Jiangsu Jingliang New Energy, Metso, JMC Recycling Systems, Hitachi Construction Machinery, Suny Group and ZB GROUP.
Key Developments:
In December 2023, Hitachi Construction Machinery has signed an agreement with Netherlands-based Alfen BV and Japanese trading firm Itochu to collaborate on the development of mobile energy storage systems to charge construction equipment on sites. The deal follows a similar agreement with Kyushu Electric Power for the joint development of mobile energy storage systems for the Japanese market.
In February 2023, The Greater Memphis Chamber on joined MSS Steel Tubes USA LLC, Tennessee Gov. Bill Lee and other elected officials in announcing that the company plans to invest $6 million to open its first U.S. steel tubes production plant in Memphis, creating 129 jobs.
In January 2023, Metso Outotec has signed a three-year life cycle services (LCS) contract for the service of ten Metso Outotec supplied HIGmill fine grinding units to a mining customer in Asia Pacific. The purpose of this agreement, according to the company, is to maximize production and increase uptime by improving the performance of the wear parts using Metso Outotec’s proprietary technology, services and technical expertise.
Types Covered:
• Sorting Systems
• Metal Shredders
• Briquetting Machines
• Granulating Machines
• Other Types
Applications Covered:
• Building & Construction
• Automotive & Shipbuilding
• Equipment Manufacturing
• Consumer Appliances
• Packaging
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Scrap Cable Recycling Equipment Market, By Type
5.1 Introduction
5.2 Sorting Systems
5.3 Metal Shredders
5.4 Briquetting Machines
5.5 Granulating Machines
5.6 Other Types
6 Global Scrap Cable Recycling Equipment Market, By Application
6.1 Introduction
6.2 Building & Construction
6.3 Automotive & Shipbuilding
6.4 Equipment Manufacturing
6.5 Consumer Appliances
6.6 Packaging
6.7 Other Applications
7 Global Scrap Cable Recycling Equipment Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 MSS, Inc
9.2 Jiangsu Jingliang New Energy
9.3 Metso
9.4 JMC Recycling Systems
9.5 Hitachi Construction Machinery
9.6 Suny Group
9.7 ZB GROUP
List of Tables
1 Global Scrap Cable Recycling Equipment Market Outlook, By Region (2021-2030) ($MN)
2 Global Scrap Cable Recycling Equipment Market Outlook, By Type (2021-2030) ($MN)
3 Global Scrap Cable Recycling Equipment Market Outlook, By Sorting Systems (2021-2030) ($MN)
4 Global Scrap Cable Recycling Equipment Market Outlook, By Metal Shredders (2021-2030) ($MN)
5 Global Scrap Cable Recycling Equipment Market Outlook, By Briquetting Machines (2021-2030) ($MN)
6 Global Scrap Cable Recycling Equipment Market Outlook, By Granulating Machines (2021-2030) ($MN)
7 Global Scrap Cable Recycling Equipment Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Scrap Cable Recycling Equipment Market Outlook, By Application (2021-2030) ($MN)
9 Global Scrap Cable Recycling Equipment Market Outlook, By Building & Construction (2021-2030) ($MN)
10 Global Scrap Cable Recycling Equipment Market Outlook, By Automotive & Shipbuilding (2021-2030) ($MN)
11 Global Scrap Cable Recycling Equipment Market Outlook, By Equipment Manufacturing (2021-2030) ($MN)
12 Global Scrap Cable Recycling Equipment Market Outlook, By Consumer Appliances (2021-2030) ($MN)
13 Global Scrap Cable Recycling Equipment Market Outlook, By Packaging (2021-2030) ($MN)
14 Global Scrap Cable Recycling Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
15 North America Scrap Cable Recycling Equipment Market Outlook, By Country (2021-2030) ($MN)
16 North America Scrap Cable Recycling Equipment Market Outlook, By Type (2021-2030) ($MN)
17 North America Scrap Cable Recycling Equipment Market Outlook, By Sorting Systems (2021-2030) ($MN)
18 North America Scrap Cable Recycling Equipment Market Outlook, By Metal Shredders (2021-2030) ($MN)
19 North America Scrap Cable Recycling Equipment Market Outlook, By Briquetting Machines (2021-2030) ($MN)
20 North America Scrap Cable Recycling Equipment Market Outlook, By Granulating Machines (2021-2030) ($MN)
21 North America Scrap Cable Recycling Equipment Market Outlook, By Other Types (2021-2030) ($MN)
22 North America Scrap Cable Recycling Equipment Market Outlook, By Application (2021-2030) ($MN)
23 North America Scrap Cable Recycling Equipment Market Outlook, By Building & Construction (2021-2030) ($MN)
24 North America Scrap Cable Recycling Equipment Market Outlook, By Automotive & Shipbuilding (2021-2030) ($MN)
25 North America Scrap Cable Recycling Equipment Market Outlook, By Equipment Manufacturing (2021-2030) ($MN)
26 North America Scrap Cable Recycling Equipment Market Outlook, By Consumer Appliances (2021-2030) ($MN)
27 North America Scrap Cable Recycling Equipment Market Outlook, By Packaging (2021-2030) ($MN)
28 North America Scrap Cable Recycling Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
29 Europe Scrap Cable Recycling Equipment Market Outlook, By Country (2021-2030) ($MN)
30 Europe Scrap Cable Recycling Equipment Market Outlook, By Type (2021-2030) ($MN)
31 Europe Scrap Cable Recycling Equipment Market Outlook, By Sorting Systems (2021-2030) ($MN)
32 Europe Scrap Cable Recycling Equipment Market Outlook, By Metal Shredders (2021-2030) ($MN)
33 Europe Scrap Cable Recycling Equipment Market Outlook, By Briquetting Machines (2021-2030) ($MN)
34 Europe Scrap Cable Recycling Equipment Market Outlook, By Granulating Machines (2021-2030) ($MN)
35 Europe Scrap Cable Recycling Equipment Market Outlook, By Other Types (2021-2030) ($MN)
36 Europe Scrap Cable Recycling Equipment Market Outlook, By Application (2021-2030) ($MN)
37 Europe Scrap Cable Recycling Equipment Market Outlook, By Building & Construction (2021-2030) ($MN)
38 Europe Scrap Cable Recycling Equipment Market Outlook, By Automotive & Shipbuilding (2021-2030) ($MN)
39 Europe Scrap Cable Recycling Equipment Market Outlook, By Equipment Manufacturing (2021-2030) ($MN)
40 Europe Scrap Cable Recycling Equipment Market Outlook, By Consumer Appliances (2021-2030) ($MN)
41 Europe Scrap Cable Recycling Equipment Market Outlook, By Packaging (2021-2030) ($MN)
42 Europe Scrap Cable Recycling Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
43 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Country (2021-2030) ($MN)
44 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Type (2021-2030) ($MN)
45 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Sorting Systems (2021-2030) ($MN)
46 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Metal Shredders (2021-2030) ($MN)
47 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Briquetting Machines (2021-2030) ($MN)
48 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Granulating Machines (2021-2030) ($MN)
49 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Other Types (2021-2030) ($MN)
50 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Application (2021-2030) ($MN)
51 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Building & Construction (2021-2030) ($MN)
52 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Automotive & Shipbuilding (2021-2030) ($MN)
53 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Equipment Manufacturing (2021-2030) ($MN)
54 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Consumer Appliances (2021-2030) ($MN)
55 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Packaging (2021-2030) ($MN)
56 Asia Pacific Scrap Cable Recycling Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
57 South America Scrap Cable Recycling Equipment Market Outlook, By Country (2021-2030) ($MN)
58 South America Scrap Cable Recycling Equipment Market Outlook, By Type (2021-2030) ($MN)
59 South America Scrap Cable Recycling Equipment Market Outlook, By Sorting Systems (2021-2030) ($MN)
60 South America Scrap Cable Recycling Equipment Market Outlook, By Metal Shredders (2021-2030) ($MN)
61 South America Scrap Cable Recycling Equipment Market Outlook, By Briquetting Machines (2021-2030) ($MN)
62 South America Scrap Cable Recycling Equipment Market Outlook, By Granulating Machines (2021-2030) ($MN)
63 South America Scrap Cable Recycling Equipment Market Outlook, By Other Types (2021-2030) ($MN)
64 South America Scrap Cable Recycling Equipment Market Outlook, By Application (2021-2030) ($MN)
65 South America Scrap Cable Recycling Equipment Market Outlook, By Building & Construction (2021-2030) ($MN)
66 South America Scrap Cable Recycling Equipment Market Outlook, By Automotive & Shipbuilding (2021-2030) ($MN)
67 South America Scrap Cable Recycling Equipment Market Outlook, By Equipment Manufacturing (2021-2030) ($MN)
68 South America Scrap Cable Recycling Equipment Market Outlook, By Consumer Appliances (2021-2030) ($MN)
69 South America Scrap Cable Recycling Equipment Market Outlook, By Packaging (2021-2030) ($MN)
70 South America Scrap Cable Recycling Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
71 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Country (2021-2030) ($MN)
72 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Type (2021-2030) ($MN)
73 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Sorting Systems (2021-2030) ($MN)
74 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Metal Shredders (2021-2030) ($MN)
75 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Briquetting Machines (2021-2030) ($MN)
76 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Granulating Machines (2021-2030) ($MN)
77 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Other Types (2021-2030) ($MN)
78 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Application (2021-2030) ($MN)
79 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Building & Construction (2021-2030) ($MN)
80 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Automotive & Shipbuilding (2021-2030) ($MN)
81 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Equipment Manufacturing (2021-2030) ($MN)
82 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Consumer Appliances (2021-2030) ($MN)
83 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Packaging (2021-2030) ($MN)
84 Middle East & Africa Scrap Cable Recycling Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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