Industry Background:
Waste management equipment’s are used for the collection, transportation, and disposal or recycling and monitoring of waste. This term is assigned to the material, waste material that is produced through human being activity. An upsurge in food wastage to augment sales of waste management equipment is one of the major factors driving the growth of the market. Moreover, supportive government regulations among developing nations can open huge opportunities for emerging players.
According to AMA, the market for Waste Management Equipment is expected to register a CAGR of 4.5% during the forecast period to 2026. This growth is primarily driven by Growing Concern Regarding Industrial Waste Recycling to Spur the Demand for Waste Management Equipment, Rapid Urbanization Coupled With Population Explosion Have Resulted in Increased Solid Wastes, Supportive Government Regulations towards Waste Management and The upsurge in Food Wastage to Augment Sales of Waste Management Equipment.
Globally, a noticeable market trend is evident AI in Waste Management & Recycling Industries. The Enviromental & Waste Management sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Novelis, Inc. (United States), TFC Recycling (United States), ZenRobotics (Finland), Eurokey Recycling (Leicestershire), Veolia (France), Van Gansewinkel (Netherlands), EnviroSolutions (United States), CP Manufacturing, Inc. (United States) and TPS Infrastructure Limited (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 30 July 2019, ZenRobotics Ltd. and Westminster, Colorado-based Plexus Recycling Technologies has announced that ZenRobotics’ ZRR2 AI robots are operational at Zanker Recycling in San Jose, California. The ZenRobotics ZRR2 operates 20 hours per day and processes 150,000 tons per year, increasing Zanker Recycling's diversion of recyclables by 20 percent, according to a news release.
Market Drivers
- Growing Concern Regarding Industrial Waste Recycling to Spur the Demand for Waste Management Equipment
- Rapid Urbanization Coupled With Population Explosion Have Resulted in Increased Solid Wastes
- Supportive Government Regulations towards Waste Management
- The upsurge in Food Wastage to Augment Sales of Waste Management Equipment
Market Trend
- AI in Waste Management & Recycling Industries
Restraints
- Awareness to Enhance Segregation
- Characterization of Municipal Solid Waste
Opportunities
The Emerging Demand from Developing Countries
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Waste Management Equipment Study Sheds Light on
The Waste Management Equipment Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Waste Management Equipment industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Waste Management Equipment industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.