Scrappy performance: Industry revenue is expected to decline due to declining metal recovery

IBISWorld’s Scrap Metal Recycling market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Analysis & Industry Trends

The past five years have been difficult for operators in the Scrap Metal Recycling industry. Indirect demand from metal and metal product manufacturing has declined, while demand from construction has increased. This mixed demand, combined with Arrium Limited entering administration in April 2016, has lowered the amount of scrap metal generated from domestic activities. As a result, industry revenue is expected to decline by an annualised 13.1% over the five years through 2016-17, to total $1.5 billion.

Declines in metal prices and reduced output have contributed to industry revenue falls over the past five years. Furthermore, lower domestic manufacturing levels have been detrimental to the industry's downstream markets, hindering demand growth for industry services...

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What is the Scrap Metal Recycling industry?

The Scrap Metal Recycling industry has a medium market share concentration, with the top four players accounting for less than 60% of industry revenue in 2016-17. Sims Metal Management (SMM) is the only major player in the industry, accounting for a projected 51.8% of industry revenue for the year. Arrium Limited was a major player until April 2016, when administrators were appointed in response to high debt levels associated with the firm's iron ore mining expansion.

Market share concentration is projected to decrease over the five years through 2016-17, due to Arrium Limited's exit from the industry. However, the industry concentration is forecast to increase over the five years through 2021-22. Thi...

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Products & Brands

Major products in this industry
Ferrous scrap metal recycling services
Non-ferrous metal recycling services
Precious and other metal recycling
Final metal products
Examples of brands in this Industry
Sims Metal Management

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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