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Global Recycling Equipment Market Report 2023: Sector is Expected to Reach $41.42 Billion by 2030 at a CAGR of 5.4%
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Global Recycling Equipment Market
Dublin, June 02, 2023 (GLOBE NEWSWIRE) -- The "Recycling Equipment Market Size, Share & Trends Analysis Report By Equipment (Baler Press, Shredders, Granulators, Agglomerators), By Processed Material, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.The global recycling equipment market size is expected to reach USD 41.42 billion by 2030. The market is expected to expand at a CAGR of 5.4% from 2023 to 2030.
Companies Mentioned
Recycling Equipment Manufacturing
The Cp Group
American Baler
Kiverco
General Kinematics
Mhm Recycling Equipment
Marathon Equipment
Ceco Equipment Ltd.
Danieli Centro Recycling
Eldan Recycling
Metso
Suny Group
Forrec Srl Recycling
Bhs Sonthofen
Lefort Group
Growing concerns pertaining to the depletion of non-renewable resources, along with the high production cost of primary materials such as metals and plastic is anticipated to augment the demand for recycling equipment. The advent of modern technologies has been demonstrated to be effective, in terms of detecting different types of materials. The increasing necessity for scrap has forced scrap yards to set up technologically advanced recycling equipment. For instance, large recycling facilities have installed sensors to identify metals through infrared scanning and x-rays.The increasing demand for recycled metals from the automotive, construction, electronics, and food and beverage industries on account of the product's environment-friendly nature and ability to reduce the cost of production, energy consumption, and emissions, thereby boosting the demand for recycling equipment over the forecast period.Increasing use of plastics coupled with poor end-of-life waste management has resulted in widespread plastic pollution. Plastic pollution has a severe impact on the environment as well as human health. Thus, the recycling of plastics is expected to play a crucial role over the coming years, resulting high demand for recycling equipment to produce recycled plastics.The recycling equipment market is fragmented with key manufacturers striving for market leadership. Key players are expected to concentrate on forward integration to increase their profits and expand their regional presence. Manufacturers are anticipated to collaborate with engineering solution providers to offer high-quality product solutions at reasonable prices.Recycling Equipment Market Report Highlights
Baler press accounted for 24.8% of the global revenue share in 2022, as it is used for compressing various recycling materials such as cardboard, paper, plastic, aluminum, and non-ferrous metals into dense bundles known as bales
The plastic segment is estimated to witness a CAGR of 6.1% over the forecast period owing to the rising use of plastics coupled with poor end-of-life waste management has resulted in plastic pollution due to which demand for recycled plastic is increasing
Asia Pacific accounted for 39.6% of the global revenue share in 2022, owing to the increased industrial construction and infrastructure activities in emerging nations such as India, China, Vietnam, and Thailand
The recycling equipment demand in India is expected to witness a CAGR of 6.3% from 2023 to 2030, owing to the new regulations and initiatives by the government of India regarding recycling waste
Strategies adopted by companies in the recycling equipment market usually include expansion of product portfolio and distribution network, new product development, and technological advancements
Key Attributes:
Report Attribute
Details
No. of Pages
100
Forecast Period
2022 - 2030
Estimated Market Value (USD) in 2022
$27.21 Billion
Forecasted Market Value (USD) by 2030
$41.42 Billion
Compound Annual Growth Rate
5.4%
Regions Covered
Global
Key Topics Covered: Chapter 1. Methodology and Scope Chapter 2. Executive Summary Chapter 3. Market Variables, Trends, and Scope3.1. Market Segmentation & Scope3.2. Penetration & Growth Prospect Mapping3.3. Industry Value Chain Analysis3.4. Regulatory Framework3.5. Recycling Equipment Market - Market Dynamics3.5.1. Market Driver Analysis3.5.2. Market Restraint Analysis3.5.3. Industry Challenges3.6. Business Environmental Tools Analysis: Recycling Equipment MarketChapter 4. COVID-19 Impact Analysis Chapter 5. Recycling Equipment Market: Equipment Estimates & Trend Analysis5.1. Recycling Equipment Market: Equipment Movement Analysis, 2022 & 20305.2. Baler Press5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)5.3. Shredders5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)5.4. Granulators5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)5.5. Agglomerators5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)5.6. Shears5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)5.7. Separators5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)5.8. Extruders5.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)5.9. Others5.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)Chapter 6. Recycling Equipment Market: Processed Material Estimates & Trend Analysis6.1. Recycling Equipment Market: Processed Material Movement Analysis, 2022 & 20306.2. Metal6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)6.3. Plastic6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)6.4. Construction waste6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)6.5. Paper6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)6.6. Rubber6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)6.7. Others6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)Chapter 7. Recycling Equipment Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape8.1. Key Global Players, Their Initiatives, & Their Impact on the Market8.2. Key Company/Competition Categorization8.3. Strategic Framework8.4. Competitive Dashboard Analysis8.5. Public Companies8.5.1. Company Market Position Analysis8.6. Private Companies8.6.1. List of Key Emerging Companies and Their Geographical PresenceChapter 9. Company ProfilesFor more information about this report visit https://www.researchandmarkets.com/r/4j2dt8
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Attachment
Global Recycling Equipment Market
ResearchAndMarkets.com's Companies Mentioned Recycling Equipment Market Report Highlights Key Attributes: Report Attribute Details Key Topics Covered: Chapter 1. Methodology and Scope Chapter 2. Executive Summary Chapter 3. Market Variables, Trends, and Scope Chapter 4. COVID-19 Impact Analysis Chapter 5. Recycling Equipment Market: Equipment Estimates & Trend Analysis Chapter 6. Recycling Equipment Market: Processed Material Estimates & Trend Analysis Chapter 7. Recycling Equipment Market: Regional Estimates & Trend Analysis Chapter 8. Competitive Landscape Chapter 9. Company Profiles About ResearchAndMarkets.com Attachment