In 2023, the global scrap grapple market was valued at USD 1.5 billion and is projected to reach USD 2.6 billion by 2032, growing at a CAGR of 6.1%. Sustainability and the need for environmental conservation are key market drivers. Additionally, the booming construction industry, driven by urbanization and industrialization, is contributing to the rising demand for scrap grapples. North America and Europe continue to lead the market, supported by their well-established recycling sectors and strong environmental regulations.