Metal Briquetter Market Size, Share, Growth, and Industry Analysis, By Type (Horizontal Briquetter, Vertical Briquetter), By Application (Automotive, Aerospace, Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Metal Briquetter Market Report Overview

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The global metal briquetter market size expanded in 2022 and is expected to reach a positive growth by 2031 exhibiting a significant CAGR.

The metal briquetter market is a subset of the metal processing industry. The process of compacting loose metal chips and shavings into thick, solid briquettes for better handling, storage, and transportation is known as metal briquetting. The briquetting process minimizes the volume of metal waste increased and allows valuable metal chips and shavings to be recovered.

The need to reduce metal waste and improve metal recycling operations is driving the metal briquetter industry. Metal briquetting is becoming a more popular form of metal processing as people become more conscious of the importance of sustainable practices and the growing need for recycled metal products.

Overall, the metal briquetter market is a small but growing niche market with significant potential for growth as the metal processing industry continues to adopt sustainable practices and invest in advanced metal processing technologies.

COVID-19 Impact: Pandemic Increased the Market Demand

The pandemic of COVID-19 has had an uneven influence on the metal briquetter sector. While the pandemic originally disrupted global supply lines and drove many businesses to close, the metal processing industry's subsequent recovery and resurgence has created chances for expansion.

The metal briquetter market encountered substantial hurdles in the early phases of the epidemic, as many manufacturers and production facilities were forced to close due to lockdowns and other limitations. This resulted in a decrease in demand for metal briquetting equipment and services, as well as supply chain interruptions.

But, as the pandemic proceeded, the metal processing industry had a robust resurgence, fueled by rising demand for sustainable and recycled metal products. This has resulted in new opportunities.

Latest Trends

"Steady adoption of digital technology to surge market growth"

The COVID-19 epidemic has also hastened the introduction of digital technology and remote working techniques, allowing metal briquetter businesses to increase operational efficiencies and save costs. This has resulted in increased innovation and investment in R&D, as well as the introduction of new products and services.

Overall, while the COVID-19 epidemic had a severe influence on the metal briquetter market at first, the subsequent recovery of the metal processing industry, as well as the growing need for sustainable metal products, have created chances for growth and expansion.

Metal Briquetter Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into horizontal briquetter and vertical briquetter.

• By Application Analysis

Based on application, the market can be divided into automotive, aerospace and others.

Driving Factors

"Rising industrialization in various regions to offer lucrative opportunities to the market"

Rising metal recycling demand, increased industrialization, and the desire to minimize carbon emissions are projected to fuel expansion in the metal briquetter market in the coming years. High initial expenditures, maintenance requirements, and the need for specialized skills, on the other hand, may function as impediments to market growth.

"Metal processing sectors investing on adoption of sustainable practices to boost the machinery demand"

The metal briquetter market is a small but developing niche market with great growth potential as the metal processing sector continues to invest in modern metal processing technology and adopt sustainable practices.

Restraining Factors

"High initial expenses to limit the market growth"

 The costs of obtaining and installing metal briquetting equipment can be prohibitively expensive for small and medium-sized organizations.

Metal briquetting equipment necessitates frequent maintenance and repair, which can be costly and time-consuming. This could be a problem for businesses who lack the money or skills to adequately maintain their equipment.

Many organizations in the metal processing industry are either unaware of the benefits of metal briquetting or lack the knowledge or skills to adopt the technology in their operations.

Metal Briquetter Market Regional Insights

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"North America to dominate the market due to the growing demand for environmental friendly methods"

The metal briquetter market is a global market divided into many regions. North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are some of the important regions in the metal briquetter market.

North America and Europe are two of the main markets for metal briquetting, owing to rising demand for environmentally friendly metal processing methods and increased awareness of the benefits of metal recycling. Because these areas are home to numerous established metal processing enterprises and have well-developed industrial infrastructure, metal briquetting technology has become widely adopted.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. The top key players in the market are Metso Outotec, National Conveyors, Advance Hydrau Tech Pvt Ltd., RUF, YUENG SHING INDUSTRIAL CO., LTD., WEIMA, Zhengzhou Shuliy Machinery, PRAB(KMC Global), Enerpat Group Uk Ltd, Shanghai Diloya Group Co.,Ltd., Jiangyin Aupu Machinery Co.,Ltd. And Jiangsu Aupwit Industrial Co.,Lt. 

Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the market growth.

List of Market Players Profiled

• Metso Outotec
• National Conveyors
• Advance Hydrau Tech Pvt Ltd.
• RUF
• YUENG SHING INDUSTRIAL CO., LTD.
• WEIMA
• Zhengzhou Shuliy Machinery
• PRAB(KMC Global)
• Enerpat Group Uk Ltd
• Shanghai Diloya Group Co.,Ltd.
• Jiangyin Aupu Machinery Co.,Ltd.
• Jiangsu Aupwit Industrial Co.,Lt

Report Coverage

This report examines an understanding of the metal briquetter  market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.