Metal Machining Scrap Equipment Market Size Set to Increase by USD 319.08 Million

2023-02-15 10:20:59

 


 




The metal machining scrap equipment market size is forecast to increase by USD 319.08 million from 2022 to 2027, at a CAGR of 3.49%, according to the recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the parcel sortation market was valued at USD 1,549.66 million. The growth of the market will be driven by the increasing demand for metal scrap in various application industries, the rising demand for housing projects globally, and the stringent government legislation to reduce environmental pollution.

 

Meanwhile, the scrap metal recycling market share is expected to increase to 340.73 million tons from 2022 to 2027, and the market's growth momentum will accelerate at a CAGR of 8.15%. The metal machining market share is expected to increase to USD 13.52 billion from 2021 to 2026, at a CAGR of 3.24%.






Share
Recommended
Reach New Heights丨Check in at the XCMG Customer Festival Aerial Work Machinery Special
2025-05-27
Dialogue with the world! XCMG's 7th International Customer Festival is held at the Engineering Machinery Festival
2025-05-23
Attention! The grand opening of XCMG's 7th International Customer Festival
2025-05-21
Countdown 1 day! Preview of this global feast for you
2025-05-19
Pile foundation problem? Adapting to the marine construction environment, XCMG has the final say!
2025-05-15