Graph and download economic data for Average Actual Hours of Work Per Week, Iron and Steel Manufacturing for United States (M0808BUSM065NNBR) from Jan 1932 to Oct 1956 about iron, steel, metals, hours, manufacturing, and USA.

Ferrous metal foundries are facing significant challenges, characterized by reduced demand for its traditional offerings due to both long-term shifts and short-term disruptions. Over the years, a move towards non-ferrous metals such as aluminum has decreased demand for iron and steel castings, impacting revenues. The industry has experienced a decline of 1.4% CAGR, with current year 2024 growth at -2.4%, resulting in revenue figures of $19.7 billion. Adding to the economic woes, rising energy costs and increased interest rates have pressured the profit margin, making it vital for foundries to explore ways of passing costs onto customers while adapting operations to more volatile market conditions. The industry structure reflects a broader manufacturing sector evolution, where technology and material preferences are reshaping participation dynamics. As traditional iron and steel castings lose favor, foundries face intensified competition and increased production costs per unit. This shift has led to a decline in industry diversity, where exits and consolidations are commonplace, shrinking the base of skilled labor necessary for revitalization. Export challenges have reduced foreign revenue contributions to less than 3.0% in 2024, highlighting a reliance on domestic markets. For foundries, leveraging innovation and exploring niche markets are key strategies to maintain profitability and relevance in a continually evolving landscape. Looking ahead, the ferrous metal foundry industry is poised to navigate various pressures and opportunities. Although economic growth is projected to boost demand across multiple sectors, leading to potential gains in productivity and profit, the industry faces an anticipated decline in ferrous metal prices driven by shifts in China’s real estate market. These factors contribute to a projected decline of 2.6% CAGR, with revenues estimated to reach $17.3 billion by 2029. Regulatory pressures demanding reduced environmental impact will compel foundries to adopt cleaner technologies and optimize processes. Additionally, lean inventory models will help manage demand variability, allowing resources to be more effectively deployed, ensuring resilience and competitiveness in the long term.

Graph and download economic data for Factory Employment, Iron and Steel and Their Products for United States (M0815CUSM592NNBR) from Jan 1947 to Dec 1951 about iron, steel, metals, production, employment, and USA.

Graph and download economic data for Producer Price Index by Industry: Nonferrous (Excluding Alum) Production and Processing (PCU33143314) from Dec 2003 to Jun 2025 about nonferrous metals, aluminum, processed, metals, PPI, industry, inflation, price index, indexes, price, and USA.

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Metal Machining Scrap Equipment Market Size 2024-2028

The metal machining scrap equipment market size is forecast to increase by USD 300.6 million at a CAGR of 3.2% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The increasing demand for metal scrap in various application industries is driving market growth. This is because metal scrap is a cost-effective alternative to primary metal sources and is widely used in industries such as automotive, construction, and manufacturing. Aluminum and copper are among the commonly recycled metals, with industrial shredders and baler press equipment being essential for their processing. Another trend influencing market growth is the automation of metal scrap equipment. This not only enhances productivity but also reduces labor costs and improves the quality of the scrap produced. Additionally, the rise in tariffs for metal imports is encouraging the use of domestically produced scrap, further boosting market demand. These factors are expected to continue shaping the market In the coming years.

What will be the Size of the Metal Machining Scrap Equipment Market During the Forecast Period?

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The market encompasses the production and deployment of machinery utilized In the processing and recycling of various types of metal scrap, including ferrous and non-ferrous metals. This market is driven by the increasing demand for recyclable metals in industries such as construction, manufacturing, and electronics. The global metal scrap recycling industry is projected to grow significantly due to the rising labor shortage in manufacturing sectors, making the automation of scrap processing an attractive solution. The market participants offer baler press equipment, recycling systems, and technology solutions to facilitate the efficient processing of non-biodegradable solid trash, such as aluminum, ferrous metal, and non-ferrous metal scrap.
The market is further driven by advancements in recycling technology, enabling the recycling of a broader range of materials, including plastics, rubber, wood, glass, textiles, and electronics. The export of metal waste to countries with lower labor costs and advanced recycling infrastructure also contributes to the market's growth.

How is this Metal Machining Scrap Equipment Industry segmented and which is the largest segment?

The equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Machine shops
  Foundries


Type

  Baler press
  Shredders
  Shears
  Others


Geography

  APAC

    China
    India
    Japan


  Europe

    Germany


  North America

    US


  Middle East and Africa



  South America

By Application Insights

The machine shops segment is estimated to witness significant growth during the forecast period.

Machining shop equipment, including chip conveyors, coolant filtration systems, balers, shredders, and granulators, plays a crucial role in metal machining operations by collecting, transporting, and disposing of metal chips and debris. These systems enhance shop floor cleanliness, boost machining efficiency, and decrease scrap material disposal costs. Moreover, they facilitate the recycling and reuse of scrap metal in production processes. The metal recycling industry, driven by the need to conserve raw materials and minimize greenhouse gas emissions, significantly utilizes this equipment.

The recycling system's integration into various industries, such as construction materials, automotive, and electronics, contributes to waste management initiatives and reduces the reliance on virgin materials. Demolition contractors, scrap metal collections businesses, and site relocations also benefit from these recycling technologies.

Get a glance at the Metal Machining Scrap Equipment Industry report of share of various segments Request Free Sample

The machine shops segment was valued at USD 1.04 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 46% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is expected to experience significant growth in Asia-Pacific (APAC) due to increased infrastructure investment and construction activities. This region's demand for metal scrap equipment is driven by large-scale projects, primarily in China and India, which consume substantial amounts of metals like steel, copper, and aluminum. Furthermore, Southeast

Graph and download economic data for Quarterly Financial Report: U.S. Corporations: Iron, Steel, and Ferroalloys: Net Working Capital (QFRNWC371USNO) from Q4 2000 to Q1 2025 about ferroalloy, primary metals, iron, primary, steel, finance, capital, metals, durable goods, corporate, Net, goods, manufacturing, industry, and USA.

Graph and download economic data for All Employees: Manufacturing: Durable Goods: Iron and Steel Mills and Ferroalloy Manufacturing in Pittsburgh, PA (MSA) (SMU42383003133110001) from Jan 1990 to Jun 2025 about ferroalloy, Pittsburgh, iron, mills, steel, PA, durable goods, goods, manufacturing, employment, and USA.

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Graph and download economic data for Producer Price Index by Industry: Ornamental and Architectural Metal Work Manufacturing: Other Iron and Steel Architectural and Ornamental Work (PCU33232333232392) from Dec 1997 to Jun 2025 about architecture, iron, steel, metals, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Abrasive Product Manufacturing: Metal Abrasives Including Steel and Iron Grid, Shot, and Sand, and Other Metal Abrasives (PCU327910327910A) from Dec 1976 to Feb 2017 about iron, steel, metals, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Miscellaneous Fabricated Metal Product Manufacturing: Enameled Iron and Metal Sanitary Ware (DISCONTINUED) (PCU3329993329998) from Dec 1980 to Dec 2017 about waste, fabrication, miscellaneous, iron, metals, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Iron and Steel Mills and Ferroalloy Manufacturing: Steel Ingots and Semifinished Products, Alloy (PCU33111033111034) from Dec 2010 to Dec 2017 about iron, intermediate, mills, steel, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Iron and Steel Mills and Ferroalloy Manufacturing: Ferroalloys and Related Products (PCU3311103311106) from Dec 2009 to Jun 2025 about ferroalloy, iron, mills, steel, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Iron and Steel Pipe and Tube Manufacturing from Purchased Steel: Pipe and Tube, Alloy (PCU33121033121003) from Dec 2010 to Jan 2024 about iron, purchase, steel, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Iron and Steel Mills and Ferroalloy Manufacturing: Hot Rolled Steel Bars, Plates, and Structural Shapes, Alloy (PCU33111033111076) from Dec 2010 to Jun 2025 about iron, mills, steel, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Industrial Buildings Metal Bar Joists, Short Span (PCU33231233231211) from Jun 2011 to Jun 2025 about fabrication, iron, steel, metals, buildings, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Metal Tank, Heavy Gauge, Manufacturing: Ferrous Metal Pressure Tanks and Vessels (More Than 24 Inch Diameter and 5 Copper Foot Capacity) (PCU332420332420E1) from Jun 2011 to Sep 2015 about ships, heavy weight, capacity, metals, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Commercial, Residential, Institutional, and Public Buildings (PCU33231233231212) from Jun 2011 to Jun 2025 about fabrication, public, iron, steel, metals, buildings, residential, commercial, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Iron and Steel Mills and Ferroalloy Manufacturing: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products (PCU3311103311105) from Jan 1965 to Feb 2022 about tin, iron, mills, steel, metals, PPI, industry, inflation, price index, indexes, price, and USA.