Global Recycling Equipment Market Report 2023: Sector is Expected to Reach $41.42 Billion by 2030 at a CAGR of 5.4%

Jan 02, 2024

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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Global Recycling Equipment Market