Waste Management Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Waste Management Equipment Market
The waste management equipment market size was valued at USD 17.21 billion in 2023, and the market is now projected to grow from USD 17.82 billion in 2023 to USD 24.21 billion by 2030, exhibiting a CAGR of 4.5% during the forecast period of 2023-2030.
The growth of waste management market was affected due to COVID-19 as commercial and industrial sector reduces waste generation and the residential sector increases. The market faced the first leg of decline as construction, manufacturing projects were suspended in Q1, 2020. The outbreak of COVID-19 is projected to affect the waste management equipment market through increased sale of face masks, testing kits, and medical gloves that are expected to fill up medical waste thereby increasing the waste management equipment market growth.
Higher generation of wastes from both the municipal and industrial segments is a burning issue around the world including both the developing and the developed nations. Furthermore, an expanding rank of inhabitants tendered to urban areas plus a huge quantity of waste is generated, proper and effective waste management equipment should be used. This will in turn increase the need for more compaction, dumpster and recycling machines for domestic and industrial use. Approximating the data published on the website of the World Bank Group (WBG), in 2021, global population reached 1. The global generated 3 billion tons of waste which is predicted to increase by 2. To be precise, by 2025 it is estimated that this figure will be as high as 2 billion tons, which defines the need for efficient compactors and dumpsters. This drives the waste management equipment market share.
Due to the escalated environmental impacts individuals moving towards recycling exercises. Increased concern with the necessity to minimize the amount of industrial waste is one of the key trends on the global level. Also, in December 2022, based on the United Nations Environment Program, every year, approximately 11 billion tons of waste were produced worldwide, and decomposing the organic fraction of municipal solid waste accounted for 5% of global CO2 emissions. Currently, only about 20% of total waste generated is recycled every year and first world countries provide waste recycling solutions to the third world countries.
Comprehensive Analysis of Waste Management Equipment Market
The waste management equipment market and Machinery and Equipment industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the Machinery and Equipment industry. These segmentations are methodically segregated By Application Analysis, By Product Type Analysis and By Waste Type Analysis. Segmenting the market based on application it is divided into municipal waste, industrial waste and others. The segmental analysis splits the market into industrial waste, construction waste, municipal waste, hazardous waste, and other kinds of waste Each of these segments holds noteworthy shares in the market with industrial waste leading the market with a projected CAGR of 4 %. 8 percent in the forecast period of 2017 to 2022. This is as a result of the escalating generation of construction waste, oil & gas waste, and manufacturing waste. According to the type of product, the market is classified into waste recycling & sorting equipment and waste disposal equipment. Waste disposal equipment segment is further classified into trucks, compactors, dumpsters and others (drum crushers). However, within the waste recycling & sorting equipment, one can distinguish the following subtypes: screeners, conveyors, as well as Others (grinders). This one is further divided into Non-hazardous and hazardous waste collection markets. The hazardous segment captured the largest market share because of large waste produced from medical sectors and chemical sectors like medical kits, COVID-19 vaccine kits, and face masks, which are very much dangerous and release emission from waste. Hence, the norms set by various authorities to implement standard safety measures on waste disposal will continue to drive the market.
The studies identified that during the prediction period, the North American region led the market due to the evident presence of leading vendors and good services and products. For this reason, large amounts of wastes produced in U. S., Canada and Mexico have necessitated the need for buying the equipment for proper waste handling. For instance, their case of the United State of America in the year 2022, the produced 268 million ton of waste. Thus, as per experience, the average ticket size of a consumer in the organization amounted to approximately 4. Every person in the U. S produces 5 pounds of waste These aspects create the need to auction wastes equipment to manage, transport, and dispose wastes in an efficient manner.
The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include, Dover Corporation (U.S.), Morita Holdings Corporation (Japan), Wastequip LLC (U.S.), Oshkosh Corporation (U.S.), Sierra International Machinery LLC (U.S.), JCB (U.K.), Kirchoff Group (Germany), Waste Connections (U.S.), Enerpat Group UK Ltd (U.K.) and Caterpillar Inc (U.S.).
In November 2022, Averda International Limited entered into a partnership deal with King Abdullah University of Science and Technology (KAUST) to provide adequate services of waste management in universities across Saudi Arabia. The partnership was long-term for 10 years and the goal was to reduce the waste delivered to the landfill centers to nil.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 4.5% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Product Type, Waste Type, Application, and Region
By Product Type Waste Disposal Equipment
- Dumpsters
- Compactors
- Trucks
- Others (Drum Crushers and Others)
Waste Recycling & Sorting Equipment
- Conveyors
- Screeners
- Shredder
- Others (Grinders and Others)
By Waste Type Hazardous
Non-hazardous
By Application Industrial Waste
Municipal Waste
Others (Agricultural Waste and Others)
By Region North America (By Product Type, By Waste Type, By Application, By Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
Europe (By Product Type, By Waste Type, By Application, By Country)
Germany (By Application)
U.K. (By Application)
France (By Application)
Italy (By Application)
Rest of Europe
Asia Pacific (By Product Type, By Waste Type, By Application, By Country)
China (By Application)
Japan (By Application)
India (By Application)
South Korea (By Application)
Rest of Asia Pacific
South America (By Product Type, By Waste Type, By Application, By Country)
Brazil (By Application)
Argentina (By Application)
Rest of South America
Middle East & Africa (By Product Type, By Waste Type, By Application, By Country)
GCC (By Application)
South Africa (By Application)
Rest of Middle East & Africa
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Tea Processing Equipment Key Players Market Share/Ranking, 2022
- 5. Global Tea Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Processing Technique (USD)
- 5.2.1. CTC Tea Processing Machine
- 5.2.2. Orthodox Tea Processing Machine
- 5.3. By Process Component (USD)
- 5.3.1. Tea Sorting Equipment
- 5.3.2. Tea Powder Grinding
- 5.3.3. Tea Rolling Machine
- 5.3.4. Fermenting Machine
- 5.3.5. Tea Drying Equipment
- 5.4. By Tea Type (USD)
- 5.4.1. Black Tea
- 5.4.2. Green Tea
- 5.4.3. Others (Oolong Tea, Yellow Tea, etc.)
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America Tea Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Processing Technique (USD)
- 6.2.1. CTC Tea Processing Machine
- 6.2.2. Orthodox Tea Processing Machine
- 6.3. By Process Component (USD)
- 6.3.1. Tea Sorting Equipment
- 6.3.2. Tea Powder Grinding
- 6.3.3. Tea Rolling Machine
- 6.3.4. Fermenting Machine
- 6.3.5. Tea Drying Equipment
- 6.4. By Tea Type (USD)
- 6.4.1. Black Tea
- 6.4.2. Green Tea
- 6.4.3. Others (Oolong Tea, Yellow Tea, etc.)
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.1.1. By Tea Type (USD)
- 6.5.1.1.1. Black Tea
- 6.5.1.1.2. Green Tea
- 6.5.1.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 6.5.2. Canada
- 6.5.2.1. By Tea Type (USD)
- 6.5.2.1.1. Black Tea
- 6.5.2.1.2. Green Tea
- 6.5.2.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 6.5.3. Mexico
- 6.5.3.1. By Tea Type (USD)
- 6.5.3.1.1. Black Tea
- 6.5.3.1.2. Green Tea
- 6.5.3.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 7. South America Tea Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Processing Technique (USD)
- 7.2.1. CTC Tea Processing Machine
- 7.2.2. Orthodox Tea Processing Machine
- 7.3. By Process Component (USD)
- 7.3.1. Tea Sorting Equipment
- 7.3.2. Tea Powder Grinding
- 7.3.3. Tea Rolling Machine
- 7.3.4. Fermenting Machine
- 7.3.5. Tea Drying Equipment
- 7.4. By Tea Type (USD)
- 7.4.1. Black Tea
- 7.4.2. Green Tea
- 7.4.3. Others (Oolong Tea, Yellow Tea, etc.)
- 7.5. By Country (USD)
- 7.5.1. Argentina
- 7.5.1.1. By Tea Type (USD)
- 7.5.1.1.1. Black Tea
- 7.5.1.1.2. Green Tea
- 7.5.1.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 7.5.2. Rest of South America
- 8. Europe Tea Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Processing Technique (USD)
- 8.2.1. CTC Tea Processing Machine
- 8.2.2. Orthodox Tea Processing Machine
- 8.3. By Process Component (USD)
- 8.3.1. Tea Sorting Equipment
- 8.3.2. Tea Powder Grinding
- 8.3.3. Tea Rolling Machine
- 8.3.4. Fermenting Machine
- 8.3.5. Tea Drying Equipment
- 8.4. By Tea Type (USD)
- 8.4.1. Black Tea
- 8.4.2. Green Tea
- 8.4.3. Others (Oolong Tea, Yellow Tea, etc.)
- 8.5. By Country (USD)
- 8.5.1. Germany
- 8.5.1.1. By Tea Type (USD)
- 8.5.1.1.1. Black Tea
- 8.5.1.1.2. Green Tea
- 8.5.1.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 8.5.2. Poland
- 8.5.2.1. By Tea Type (USD)
- 8.5.2.1.1. Black Tea
- 8.5.2.1.2. Green Tea
- 8.5.2.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 8.5.3. United Kingdom
- 8.5.3.1. By Tea Type (USD)
- 8.5.3.1.1. Black Tea
- 8.5.3.1.2. Green Tea
- 8.5.3.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 8.5.4. Russia
- 8.5.4.1. By Tea Type (USD)
- 8.5.4.1.1. Black Tea
- 8.5.4.1.2. Green Tea
- 8.5.4.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 8.5.5. Italy
- 8.5.5.1. By Tea Type (USD)
- 8.5.5.1.1. Black Tea
- 8.5.5.1.2. Green Tea
- 8.5.5.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 8.5.6. Netherlands
- 8.5.6.1. By Tea Type (USD)
- 8.5.6.1.1. Black Tea
- 8.5.6.1.2. Green Tea
- 8.5.6.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 8.5.7. Austria
- 8.5.7.1. By Tea Type (USD)
- 8.5.7.1.1. Black Tea
- 8.5.7.1.2. Green Tea
- 8.5.7.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 8.5.8. Rest of Europe
- 9. Middle East & Africa Tea Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Processing Technique (USD)
- 9.2.1. CTC Tea Processing Machine
- 9.2.2. Orthodox Tea Processing Machine
- 9.3. By Process Component (USD)
- 9.3.1. Tea Sorting Equipment
- 9.3.2. Tea Powder Grinding
- 9.3.3. Tea Rolling Machine
- 9.3.4. Fermenting Machine
- 9.3.5. Tea Drying Equipment
- 9.4. By Tea Type (USD)
- 9.4.1. Black Tea
- 9.4.2. Green Tea
- 9.4.3. Others (Oolong Tea, Yellow Tea, etc.)
- 9.5. By Country (USD)
- 9.5.1. Kenya
- 9.5.1.1. By Tea Type (USD)
- 9.5.1.1.1. Black Tea
- 9.5.1.1.2. Green Tea
- 9.5.1.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 9.5.2. GCC
- 9.5.2.1. By Tea Type (USD)
- 9.5.2.1.1. Black Tea
- 9.5.2.1.2. Green Tea
- 9.5.2.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 9.5.3. Rest of MEA
- 10. Asia Pacific Tea Processing Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Processing Technique (USD)
- 10.2.1. CTC Tea Processing Machine
- 10.2.2. Orthodox Tea Processing Machine
- 10.3. By Process Component (USD)
- 10.3.1. Tea Sorting Equipment
- 10.3.2. Tea Powder Grinding
- 10.3.3. Tea Rolling Machine
- 10.3.4. Fermenting Machine
- 10.3.5. Tea Drying Equipment
- 10.4. By Tea Type (USD)
- 10.4.1. Black Tea
- 10.4.2. Green Tea
- 10.4.3. Others (Oolong Tea, Yellow Tea, etc.)
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.1.1. By Tea Type (USD)
- 10.5.1.1.1. Black Tea
- 10.5.1.1.2. Green Tea
- 10.5.1.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 10.5.2. India
- 10.5.2.1. By Tea Type (USD)
- 10.5.2.1.1. Black Tea
- 10.5.2.1.2. Green Tea
- 10.5.2.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 10.5.3. Sri Lanka
- 10.5.3.1. By Tea Type (USD)
- 10.5.3.1.1. Black Tea
- 10.5.3.1.2. Green Tea
- 10.5.3.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 10.5.4. Southeast Asia
- 10.5.4.1. By Tea Type (USD)
- 10.5.4.1.1. Black Tea
- 10.5.4.1.2. Green Tea
- 10.5.4.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 10.5.5. Japan
- 10.5.5.1. By Tea Type (USD)
- 10.5.5.1.1. Black Tea
- 10.5.5.1.2. Green Tea
- 10.5.5.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 10.5.6. Oceania
- 10.5.6.1. By Tea Type (USD)
- 10.5.6.1.1. Black Tea
- 10.5.6.1.2. Green Tea
- 10.5.6.1.3. Others (Oolong Tea, Yellow Tea, etc.)
- 10.5.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Steelsworth
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Marshall Fowler Engineers
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Kawasaki Kiko
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Bharat Engineering Works
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. G.K. Tea Industries
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Quanzhou Deli Agroforestrial Machinery Co., Ltd.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Workson Industries
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. GEM Machinery & Allied Services
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Anxi Yongxing Tea Machinery Co.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Mesco Equipment Pvt. Ltd.
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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