Europe Mini Scrap Metal Shredder Market

Europe Mini Scrap Metal Shredder Market Outlook

The Europe mini scrap metal shredder market is anticipated to project a valuation of US$ 125.9 million in 2023 and further expand at a CAGR of 5.8% to reach US$ 220.9 million by the end of 2033.

Mini scrap metal shredder market’s growth is attributed to the increasing demand for metal recycling generated by various industries. Recycling metal enable it to meet the current and future demands of the population.

Report Attributes	Details
Mini Scrap Metal Shredder Market Size (2022A)	US$ 117.1 Million
Estimated Market Value (2023E)	US$ 125.9 Million
Forecasted Market Value (2033F)	US$ 220.9 Million
Europe Market Growth Rate (2023-2033)	5.8% CAGR
Germany Market Growth Rate (2023-2033)	~6.2% CAGR
United Kingdom Market Share (2023)	~18.0%
France Market Growth Rate (2023-2033)	~6.4% CAGR
NORDIC Market Share (2023)	~11.9%
Key Companies Profiled	Advance Hydrau Tech Pvt. Ltd. Coparm Srl DILOYA GROUP Doyle Machinery Ltd. Franklin Miller Inc Granutech-Saturn Systems Zhengzhou Yuxi Machinery Equipment Co., Ltd.

Historic to Future Pathway Analysis

Prior to recycling, materials are shrunk in size using shredding machines. Various kinds of scrap metal are crushed using metal shredders. They are typically used to shred the waste into regular shapes and dimensions for disassembly and further processing in scrapyards and metal recycling applications.

It comes in a range of sizes, from little ones that can crush coins and tin cans to enormous ones that have a processing capacity of up to 4,000 tons of metal per day at 10,000 HP. The mini scrap metal shredder is portable and thus can be easily carried from one place to other.

The necessity for recycling metals is crucial since metals are a limited resource and waste production is rising. Shredders for scrap metal are essential pieces of gear in the recycling process.

• Short-Term Growth Projection (2023-2026): Pullulating utilization of mini scrap metal shredder for recycling of scrap metals will positively impact the market growth.
• Medium-Term Growth Projection (2027-2029): In countries such as Poland, Slovakia, and Greece, among others are estimated to observe high demand for mini scrap metal shredders on the back of the growing focus of manufacturers on recycling scrap metal to reduce cost, coupled with favorable government initiatives.
• Long-Term Growth Projection (2030-2033): Innovation and upgradation coupled with customization will be responsible for increased demand in the long run.

Over the 2018-2022 historical period, the Europe mini scrap metal shredder market registered a CAGR of 2.2%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 5.8% CAGR between 2023 and 2033.

Market share analysis of mini scrap metal shredders based on scrap type and the country is provided in a nutshell in the above image. Under the power source segment, the hydraulic sub-segment is estimated to reach a market share of 67.0% in 2023.

“Increased Recycling of Aluminium and Steel to Supplement the Market’s Growth”

Production of new steel and other metals can be expensive and resource-intensive. Recycling ferrous metals is around 75% less expensive than mining and processing fresh materials when considering energy costs alone.

To be recycled, metals like aluminium must first be melted and then molded. Metal shredders are crucial tools in the metal recycling process because they take discarded metal products and shred them into pieces small enough to be utilized for other applications. There are many different types of metal products that must be destroyed; they can be as large as car frames or as small as soda cans.

The market for recycling metal scrap in Europe was pegged at roughly US$ 16.9 billion and is anticipated to expand at a CAGR of 5.5%. Europe generates about 160 million tons of steel annually, and more than 85.0% of that steel is recycled. A UK study found that after a building is demolished, 94.0% of the steel and 99.0% of the structural steel are recycled.

The need for mini scrap metal shredders will rise as steel and other metal recycling activities are increased to support a circular economy in Europe.

“Export of Recyclable Materials from Europe to other Countries”

The amount of recycled metal scrap that meets industry standards in Europe regularly exceeds the demand and is underutilized in the production of metals.

Currently, scrap makes up 48.0% of EU steel production, and as the production of low-carbon steel accelerates, more waste will be needed. However, the EU is exporting more of its scraps to countries with lower social, economic, and environmental standards.

According to Eurostat, the EU exported 19.5 million tons of ferrous metal scraps in 2021, or 48% of all recyclable materials. Turkey is the biggest export destination for ferrous metal from the EU, receiving 13.1 million tons of it.

The major destination for the EU to export recyclable raw materials was Turkey in 2021, with 15.2 million tons of volume, followed by India (2.4 million tons) and Egypt (2.0 million tons).

The export of recyclable materials to other countries can hamper the demand for mini scrap metal shredders.

Country-wise Insights

What are the Factors Driving the Market’s Growth Across the UK?

Iron and steel make up the majority of recycled metal used in the UK. The majority of it comes from waste produced by businesses, cities, and families.

Around 11.9 Mt of finished and semi-finished steel products are consumed annually in the UK. Currently, the UK produces 11.3 Mt of steel scrap annually, of which the domestic steel industry uses 2.6 Mt.

National Packaging Waste (NPWD) reports that approximately 156,000 tons of aluminium were recycled in 2021 at a rate of 68% in the UK for packaging made of aluminium.

The continued recycling efforts and move toward recycling metals to cut costs and waste will support market expansion.

Why is the Germany Mini Scrap Metal Shredder Market Expected to Be Highly Lucrative?

Germany is the largest automobile exporter in Europe and a leader in the automotive sector. Construction is another significant industry in the nation, with a total estimated value of US$ 486.5 billion in 2021.

To meet the demand of their consumers, the massive automobile and construction industries need to employ enormous amounts of metal. Due to the limited supply of these metals, the increasing demand for metals from these industries will necessitate recycling current metal scrap.

The German market for mini scrap metal shredders is predicted to reach an estimation of US$ 57.4 Million by 2023.

Category-wise Insights

Why is the Ferrous Scrap Type Leading the Market?

Ferrous metals are strong and long-lasting and thus are employed in automotive, construction, shipping, and many other industries. According to the European Steel Association, steel production in Europe has increased to 152.6 million tons in 2021 from 132.2 million tons in 2020.

Steel consumption is topped by the construction sector comprising 37% of total steel which is followed by the automotive sector, 16% of total steel. EU recycles around 100 Mn tons of steel scrap every year.

Owing to the above-mentioned facts, the ferrous scrap type is estimated to grow during the forecast period.

Why is Electric Powered Mini Scrap Metal Shredder Leading the Market?

Electric shredders are more cost-effective, easier to use and maintain and take up less space than gasoline-powered shredders. They also use a lot less energy. Electric shredding machinery has enough power to handle a wide range of materials.

Additionally, as fossil fuels run out and environmental harm from fossil fuels becomes more widely known, end users are switching to electric-powered shredding equipment.

The electric shredder is estimated to be valued at US$ 25.6 Mn by the end of 2023.

Key Stratagems by Market Players

Key players in mini scrap metal shredders include Advance Hydrau Tech Pvt. Ltd., Coparm Srl, DILOYA GROUP, Doyle Machinery Ltd., Franklin Miller Inc, Granutech-Saturn Systems, and Zhengzhou Yuxi Machinery Equipment Co., Ltd.

Players are concentrating on offering a variety of equipment needed throughout the metal recycling process. In order to keep up with the constantly shifting trends and rising demand, manufacturers of scrap metal shredders are investing in R&D and capacity increases.

Fact.MR has provided detailed information about the price points of key manufacturers of mini scrap metal shredders positioned across countries, sales growth, production capacity, and speculative technological expansion, in the recently published report.

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