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    Recyclable Material Wholesalers Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/19/2021
    SIC Codes: 5093
    NAICS Codes: 42393
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Recyclable Material Wholesalers Industry Profile

    Companies in this industry engage in wholesale distribution of automotive scrap, industrial scrap, and other recyclable materials. Major scrap wholesalers include America Chung Nam, Commercial Metals Company, and The David J Joseph Company (all based in the US), as well as ELG Haniel and TSR Recycling (Germany), European Metal Recycling (EMR; the UK), and Sims Metals (Australia).

    Worldwide, the recycling industry has an estimated annual turnover of $500 billion supplying 40% of the global raw material needs, according to the Bureau of International Recycling. Leading scrap metal importers include Turkey, South Korea, and India. Demand for scrap is growing fastest in Asian markets, particularly in China and India.

    The recyclable material wholesalers industry in the US include about 8,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $80 billion. The industry includes auto wreckers primarily engaged in dismantling motor vehicles for the purpose of wholesaling scrap.

    COMPETITIVE LANDSCAPE

    Demand from the steel, auto, and construction industries drives the scrap metal wholesaling industry. The profitability of individual companies depends on cultivating relationships with suppliers and buyers. Most companies are small and compete by specializing in one type of material in their local market. Large companies have economies of scale in purchasing equipment and transportation. The industry in the US is fragmented: the top 50 companies account for about 45% of revenue.

    The US is the world's largest scrap exporter, ...

     
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