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Global Recycling Equipment Market Size, Outlook, Analysis, Forecast: By Product Type: Baler Press, Shredders, Granulators, Agglomerators, Shears, Separators, Extruders, Others, By Material Type: Plastic, Metal, Wood, Rubber, Construction Waste, Others; Regional Analysis; Key Trends and Developments in the Market 2023-2028
Global Recycling Equipment Market Outlook
The global recycling equipment market size reached a value of around USD 28.3 billion in 2022. The market is further expected to grow at a CAGR of 5.70% between 2023 and 2028, reaching a value of around USD 39.2 billion by 2028.
Key Trends in the Market
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.
- Increasing awareness among people about the environmental advantages of recycling and reusing waste products including plastic, metal, and building debris is one of the key recycling equipment market trends driving the market growth.
- The market for recycling equipment is also projected to benefit from the growing concerns about greenhouse gas emissions. Recycling protects the environment by preserving natural resources, cutting greenhouse gas emissions, and reducing waste going to landfills, which is increasing the recycling equipment market demand.
- The demand for metal recycling has increased across a wide range of end-use sectors as concerns about the depletion of non-renewable resources and the high cost of creating primary metals have grown, thus aiding the recycling equipment market growth.
- Strict rules and restrictions established by various governing bodies in relation to carbon footprints and greenhouse gas emissions are further fostering market expansion. In order to comply with government laws, producers are also recycling and reusing existing products.
Global Recycling Equipment Market Analysis
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.
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.
- 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
- General Kinematics Corporation
- Others
Global Recycling Equipment Market Share by Product Type
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.
Global Recycling Equipment Market Share by Material Type
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.
Competitive Landscape
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Material Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Recycling Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Recycling Equipment Historical Market (2018-2022)
8.3 Global Recycling Equipment Market Forecast (2023-2028)
8.4 Global Recycling Equipment Market by Product Type
8.4.1 Baler Press
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Shredders
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Granulators
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Agglomerators
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Shears
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Separators
8.4.6.1 Historical Trend (2018-2022)
8.4.6.2 Forecast Trend (2023-2028)
8.4.7 Extruders
8.4.7.1 Historical Trend (2018-2022)
8.4.7.2 Forecast Trend (2023-2028)
8.4.8 Others
8.5 Global Recycling Equipment Market by Material Type
8.5.1 Plastic
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Metal
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Wood
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Rubber
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Construction Waste
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Recycling Equipment Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Recycling Equipment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Recycling Equipment Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Recycling Equipment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Recycling Equipment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Recycling Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Dover Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Vecoplan, LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 The CP Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Harris Waste Management Group, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Sebright Products Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Mirage Packing Industries, LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Coastal Wire Co.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Environmental Recycling Services, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Danieli Centro Recycling
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 General Kinematics Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Recycling Equipment Market: Key Industry Highlights, 2018 and 2028
2. Global Recycling Equipment Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Recycling Equipment Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Recycling Equipment Historical Market: Breakup by Material Type (USD Million), 2018-2022
5. Global Recycling Equipment Market Forecast: Breakup by Material Type (USD Million), 2023-2028
6. Global Recycling Equipment Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Recycling Equipment Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Recycling Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Recycling Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Recycling Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Recycling Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Recycling Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Recycling Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Recycling Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Recycling Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Recycling Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Recycling Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Recycling Equipment Market Structure
Key Questions Answered in the Report
In 2022, the global market for recycling equipment attained a value of USD 28.3 billion.
The market is projected to grow at a CAGR of 5.70% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach USD 39.2 billion by 2028.
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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