About Recycling Equipment & Machinery
Recycling Equipment & Machinery is known as the equipment and machinery which helps in the separation of solid waste from other materials so that the remaining material can be used by recycling. It is the process of recovering scrap or waste material and reprocessing that material into useful products. Market players are focusing on the technological advancement to improve the recycling system which will be propelling the market growth. For instance, according to the study published by Advanced Energy Materials researches are focusing on the development of the recycling system which will use less energy. Further, growth in automotive and consumer electronics industry expected to drive the growth of recycling equipment and machinery market over the forecasted period. Accessibility of clean feedstock, coupled with growing consumer demand, followed by stringent regulations is likely to bolster the global recycling equipment and machinery market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Recycling Equipment & Machinery companies are investing in powerful, state-of-the-art control instrumentations as a result of spiraling demand for technologically advanced products from emerging end-use industries. This is poised to result in growing competitive, environmental, and economic pressures to offer high-rated products with a shorter return on investment. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lefort (Belgium), Danieli Centro Recycling (Italy), Morita Holdings Corporation (Japan), Forrec Srl Recycling (Italy), BHS Sonthofen (Germany), Panchal Plastic Machinery Private Ltd (India), Mid Atlantic Waste Systems (United States), Idromec Spa (Italy), Suny Group (China) and Roter Recycling (Italy) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Vecoplan AG (Germany), Shred-tech Corporation (Canada), Gamma Meccanica SPA (Italy), Metso (Finland), ELDAN Recycling (Denmark) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Recycling Equipment & Machinery market by Type (Baler Presses, Shears, Shredders, Granulators, Extruders and Agglomerators) and Region.
On the basis of geography, the market of Recycling Equipment & Machinery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Processed Material, the sub-segment i.e. Tires will boost the Recycling Equipment & Machinery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing awareness worldwide regarding waste generation and the benefits of recycling
Market Growth Drivers:
Rise in awareness & consciousness of industries such as automotive, industrial machinery, building & construction and Increasing industrial commitment to cleaner operations and smaller carbon footprints
Challenges:
Ban on imports of waste or scrap plastics in china
Restraints:
High maintenance cost associated with the recycling equipment & machinery
Opportunities:
Stringent laws & regulations imposed by local governments fueling the recycling equipment & machinery demand
Market Leaders and their expansionary development strategies
In February 2023, Recycle Track Systems, Inc. (RTS), a leader in cutting edge traceability and sustainability solutions utilized in the materials, waste, and recycling industry, has acquired the assets of Cycle Technology, Inc. (Cycle), including its reverse vending machine (RVM) technology and recycling rewards platform, as part of ongoing commitment to increase innovation by expanding recycling through engagement programs, like gamification and rewards.
In March 2024, Fornnax Technology has launched its new SR-200 HD dual-shaft primary shredder. Fornnax says the SR-200 HD was developed in response to growing customer demand for high-capacity preshredders, and it boasts the highest input capacity model in the SR series of machines.
Key Target Audience
Manufacturers of Recycling Equipment & Machinery, Distributors and supplier of Recycling Equipment & Machinery, Recycling Industries, Key vendors, Research Organization, Government bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.