Lewes, DE -- (SBWire) -- 06/20/2017 --Report forecast the global metal machining scrap equipment market to grow at a CAGR of 2.87% during the period 2017-2021.
Metal machining scrap equipment comprises a wide range of fluid and chip handling equipment that finds application in all forms of metal processing. There are several scrap sorting and preparation techniques they are: Scrap size reduction processes, Shredding, Magnetic separation, Eddy current separation, and Heavy-medium separation.
The report covers the present scenario and the growth prospects of the global metal machining scrap equipment market for 2017-2021. To calculate the market size, the report considers new installations, shipments, sales, volume, and value.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the market is growing demand for commodities from developing countries. Principally driven by the rising level of consumer spending globally, there has been a continuous increase in demand for automobiles and consumer electronics. The overall demand for goods leads to steady economic growth and is accompanied by an increase in the supporting industries, thereby showing good overall growth.
Further, the report states that one challenge in the market is use of refurbished machines and lack of upgraded technology. The metal scrap shredder machine market significantly witnesses the use of second-hand shredding machines that may be refurbished, serviced, and sold at a lesser price in the market. New machines are available at a high initial cost, which makes them unaffordable to cost-sensitive small and medium level enterprises.
Global Metal Machining Scrap Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global metal machining scrap equipment market: Metso, PRAB, UNTHA, and WEIMA.
Other Prominent Vendors in the market are: Advance Hydrau-Tech, ANDRITZ, Applied Recovery Systems, Bano Recycling, BCA Industries, Brentwood Recycling Systems, CP Manufacturing, Danieli Centro Recycling, Di Più, ECO Green Equipment, EcoStan, Granutech-Saturn Systems, Hammermills International, JMC Recycling, John Hart USA, Mayfran International, MG RECYCLING, MOCO Maschinen- und Apparatebau, R.F., Rapid Granulator, RUF, Sunny Machinery, Santec Exim, Servo International, Vecoplan, Wendt, and Ž?AS.
Market driver
- Growing demand for commodities from developing countries
- For a full, detailed list, view our report
Market challenge
- Use of refurbished machines and lack of upgraded technology
- For a full, detailed list, view our report
Market trend
- Growing sales of electrical vehicles
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 70 pages "Global Metal Machining Scrap Equipment Market 2017 - 2021" report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Segmentation by application, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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