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The global recycling equipment market size reached a value of around USD 29.91 billion in 2023. The market is further expected to grow at a CAGR of 5.6% between 2024 and 2032, reaching a value of around USD 48.93 billion by 2032.
Recycling equipment refers to any apparatus or machinery that is used in the recycling process, where consumer product waste materials and garbage that are not biodegradable are turned it into useful materials. The recycling process depends upon the material type of the garbage that is generated.
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Based on product type, the market is divided into baler press, shredders, granulators, agglomerators, shears, separators, and extruders, among others. The recycling equipment market segmentation, on the basis of material type, is plastic, metal, wood, rubber, and construction waste, among others. The regional markets for recycling equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global recycling equipment market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Baler presses account for a sizable share in the market for recycling equipment by product type as they are efficient at compressing garbage, thereby reducing the convenience fees needed to transport the material. Baler presses convert the materials into tightly coiled bundles known as bales. They are frequently used to recycle plastic materials and are also being used to compress recyclable materials including cardboard, paper, plastic, aluminium, and non-ferrous metals.
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Plastic material types are anticipated to witness substantial growth in the market for recycling equipment during the forecast period. This is due to the increased utilisation of recycled plastic in end-use sectors including construction, automotive, electrical, and electronics. The recycling equipment global market is also anticipated to grow over the forecast period as a result of several rules and regulations imposed by governments for the disposal of plastic waste. Meanwhile, the growing applications of recycled rubber as an energy-efficient material utilised in various applications is expected to increase the market share of rubber material type in the market for recycling equipment.
Dover Corporation, established in 1955 and headquartered in Illinois in the United States, is a diversified worldwide manufacturer. They offer cutting-edge machinery and parts, consumables, aftermarket parts, software and digital solutions, and support services.
Vecoplan, LLC was founded in 1969 and is headquartered in North Carolina in the United States. The company develops, manufactures, and sells technically advanced machines and systems for shredding, conveying, and processing of primary and secondary raw materials during production and recycling cycles.
Harris Waste Management Group, Inc., established in 1889 and headquartered in Georgia in the United States is a manufacturing company. They focus on the manufacture, design, and support of the waste management, recycling, and scrap processing sectors.
Other market players include The CP Group, Sebright Products Inc., Mirage Packing Industries, LLC, Coastal Wire Co., Environmental Recycling Services, Inc., Danieli Centro Recycling, and General Kinematics Corporation, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Material Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global market for recycling equipment attained a value of USD 29.91 billion.
The market is projected to grow at a CAGR of 5.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 48.93 billion by 2032.
The major drivers of the market include the increasing generation of garbage, rising awareness about the sustainability benefits of reusing and recycling waste materials, and growing concerns about greenhouse gas emissions.
Increasing concerns related to the depletion of non-renewable resources, stringent rules and regulations made by various governments, and rising utilisation of recycled plastic in end-use industries are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various material types in the market for recycling equipment are plastic, metal, wood, rubber, and construction waste, among others.
The major players in the recycling equipment market, according to the report, are Dover Corporation, Vecoplan, LLC, The CP Group, Harris Waste Management Group, Inc., Sebright Products Inc., Mirage Packing Industries, LLC, Coastal Wire Co., Environmental Recycling Services, Inc., Danieli Centro Recycling, and General Kinematics Corporation, among others.
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United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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