Europe Wire Granulator Market
Europe Wire Granulator Market Analysis, By Material (Copper, Aluminium, Other), By Capacity Kg/h (>100, 100-300, 300-500, 500 & above), By Mechanism (Semi-automatic, Automatic), and Country - Market Insights 2023 to 2033
Analysis of Europe Wire Granulator Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Europe Wire Granulator Market Outlook (2023-2033)
The Europe wire granulator market is anticipated to project a valuation of US$ 250.6 million in 2023 and further expand at a CAGR of 3.2% to reach US$ 341.9 million by the end of 2033.
This growth is attributed to the growing need for wires due to urbanization, industrialization, and the growing IT industry. Wire recycling activities are increasing to meet the demand and conserve metals.
Market Size (2022A)
US$ 240.9 Million
Estimated Market Value (2023E)
US$ 250.6 Million
Forecasted Market Value (2033F)
US$ 341.9 Million
Europe Market Growth Rate (2023-2033)
Germany Market Growth Rate (2023-2033)
United Kingdom Market Share (2023)
France Market Growth Rate (2023-2033)
NORDIC Market Share (2023)
Key Companies Profiled
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Market Buoyancy Analysis
The aging of the electricity line results in the annual elimination of a large amount of cables and wires, many of which are copper wires with high recycling value. Recycling used cable and reprocessing wire are good for the environment. Recycling old cables helps lessen environmental pollution as well as the shortage of metal supplies. Many sectors of the national economy benefit greatly from the usage of recycled goods.
Waste wires and cables are processed using a wire granulator machine to remove the metal core from the outer plastic sheath. When compared to recycle wire by incineration, wire granulator devices don't pollute the air. Therefore, pollution-free operation and increased efficiency are the benefits of using wire granulator machines. The scrap wire enters the wire granulator machine and is crushed by a wire crushing machine. Then, the outer plastic of the wire is separated from the inner metal core and broken into thinner materials. The metal is then melted and is ready to be used for manufacturing other products.
- Short-Term Growth Projection (2023-2026): Burgeoning utilization of wire granulators in wire and cable recycling plants positively impacts the market growth.
- Medium-Term Growth Projection (2027-2029): Germany and the UK are estimated to observe high demand for wire granulator on the back of the growing need for electricity and the upgradation of old power lines, coupled with favorable government initiatives.
- Long-Term Growth Projection (2030-2033): Inclination towards renewable energy sources and the growing IT industry along with innovation and upgradation will be responsible for increased demand for wire granulators in the long run.
Over the 2018-2022 historical period, the Europe Wire Granulator 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 3.2% CAGR between 2023 and 2033.
Market share analysis of wire granulator based on maximum width and country is provided in a nutshell in the above image. Under the material segment, the copper sub-segment is estimated to reach a market share of 57.0% in 2023.
“Growing Infrastructure and IT Industry to Increase Wires Demand”
The increased investment in infrastructure expansion across Europe is one of the key drivers boosting the market for wire and cable technology. Governments must now ensure a reliable network and telecommunications infrastructure due to rising economic growth and the widespread adoption of IT. Additionally, the demand for a steady and dependable power supply has prompted an increase in the use of effective wire and cable technology.
Various electricity and telecommunication service providers are now offering the best transmission quality and speed by using advanced wire and cable technology. The market for wire and cable technologies is anticipated to expand as a result of rising demand for alternative power sources and technological breakthroughs in optical fiber technologies.
The ongoing use of diverse wire and cable technologies is a result of the growing requirement to build a reliable and secure wired network for the power and telecommunications industries. Companies in this industry are working to design and create cutting-edge cabling technologies that will provide greater flexibility and efficiency.
“Adoption of Wireless Technology to Hamper Market Growth”
Wireless and telecommunication have merged into one single entity to enable wireless communication in the present day. Information is transmitted over the air utilizing electromagnetic waves such as IR, RF, satellites, etc. through wireless communication technology.
The wireless network offers global reach by enabling networking in locations where wiring is impractical and is simple to set up and expand. The wireless network is significantly less expensive, portable, and simple to reinstall in another location because it is simple to set up and doesn't require cables.
Higher adoption of wireless technology will hamper the demand for wires and cables which in turn will decrease wire recycling activities.
What are the Factors Driving the Market’s Growth Across Germany?
The demand for wires is anticipated to rise as Germany works to meet its 2030 climate protection goals to develop hydrogen fuel cells, heat pumps, and more electric vehicles. The government has established in the most recent edition of the Renewable Energy Act (EEG) a target of 65% by 2030.
The demand for new wires and cables will increase the need of recycling old and outdated wires which in turn will boost the wire granulator demand.
The German market for wire granulators is expected to grow at a CAGR of 3.6% to reach a valuation of US$ 88.9 million by 2033.
What is the Market Scenario for Wire Granulators in the UK?
High levels of the residential building, significant national infrastructure initiatives, as well as power system upgrades to accommodate a mounting population and higher electrification as a result of the green energy transition, are major drivers of wire and cable demand in the UK.
The UK market for wire granulator is predicted to reach an estimation of US$ 45.1 million by 2023.
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Why is Copper the Most Recycled Material?
The use of copper wire in the delivery of power is still very common. Copper is frequently used in all types of electronics due to its ease of manipulation into wire form and its electrical and thermal conductivity.
A 4-inch thick bar of copper can be heated and stretched into a wire that is thinner than a human hair and over 2,000 km long, according to scientific studies. Its applications are nearly endless and include power generation and transmission, telecommunications network power distribution, electronic circuitry, and the production of electrical connections.
Nearly two-thirds of the four million tons of copper is required across all of Europe.
The copper segment is estimated to be valued at US$ 142.8 million by the end of 2023 and is anticipated to grow at a CAGR of 3.2% from 2023-2033.
Why does a wire granulator with a capacity of more than 500 Kg/h expected to rise during the forecast period?
The demand for electronic goods is rising as a result of urbanization, industrialization, and population growth. The preference for renewable energy sources has resulted in an increase in the need for cables.
Granulators with greater capacity can process a lot of wires quickly and assist in addressing enormous demands. Users favor granulators that can process huge amounts of wires in the shortest amount of time in order to recycle big amounts of scrap wires more quickly and meet the growing demand for wires and related materials.
Wire granulators with a capacity of more than 500 Kg/h are anticipated to increase during the projection period as a result of the aforementioned facts.
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Key Stratagems by Market Players
Key manufacturers of wire granulators include JMC Recycling Ltd, Strip Technology, Inc., ICS CONTEC Maschinenbau GmbH, and STOKKERMILLA.
Manufacturers of wire granulators are focusing on developing machines that maximize economic benefits by improving productivity and saving energy. Players focus on expanding their market reach by partnering with or acquiring local or regional businesses to serve vast catchment areas and generate large profit margins.
Strengthening the distribution network and long-term contracts with suppliers in non-legacy markets are also the focus of market leaders. Players are focusing on providing a wide range of equipment that is required during the recycling process.
Fact.MR has provided detailed information about the price points of key manufacturers of wire granulators positioned across countries, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Wire Granulator Industry Research
By Material :
By Capacity (Kg/h) :
- 500 & above
By Mechanism :
By Country :
- Rest of Europe
- FAQs -
How did the market perform over the last few years?
During 2018-2022, sales of wire granulator increased at 2.2% CAGR.
Which country accounts for a leading market share in the wire granulator market?
Germany tops Europe’s wire granulator market accounting for a 25.0% market share in 2023.
What is the Europe wire granulator market size?
Europe’s wire granulator market is valued at US$ 250.6 million in 2023.
How is the market for wire granulator expected to fare going forward?
The demand for wire granulator is anticipated to reach US$ 341.9 million by 2033-end.
Which material type has the highest adoption?
The copper segment accounts for maximum consumption holding 57.0% of the Europe market.