Global Recycling Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Recycling Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Recycling Equipment market finds that the global Recycling Equipment market reached a value of USD 928.94 million in 2022. It’s expected that the market will achieve USD 1200.03 million by 2028, exhibiting a CAGR of 4.36% during the forecast period.

Short-term impact

COVID-19 can affect the global economy in three main ways: directly affecting production and demand, causing supply chain and market disruption, and financial impact on companies and financial markets. In the short term, it will have a certain degree of negative impact. Affected by the epidemic, major economies have adopted policies of suspension of work and production and home isolation. The production, transportation, and supply of raw materials are temporarily difficult to be in place. The cost of upstream companies directly affects the production costs of downstream companies. The demand for terminal enterprises has also been suppressed, and the labor force of recycling enterprises has also been restricted. Recycling Equipment manufacturers are affected, and production and delivery may be delayed. For production-oriented enterprises, if they fail to meet the customers delivery requirements in accordance with the contract, it may cause the customer to find another owner and lose business. During this period of operation and production, for enterprises, costs increase and risks increase. At the same time, it affects the capital market, weakens market confidence, makes it more difficult for companies to raise funds, and affects corporate cash flow.

Long-term impact

With the gradual stabilization of the epidemic and the promotion of vaccines, market confidence has gradually recovered, the capital market has stabilized, and corporate production capacity has recovered. With the gradual recovery of logistics, the supply chain will also recover, and production risks will also be reduced. Affected by the epidemic, companies have begun to pay attention to digital production models, and companies are also paying more attention to digital models. Consumers pay more attention to environmental protection and increase their awareness of recycled materials, which has promoted the popularization and development of recycling equipment.

Economic and environmental benefits of recycling

Recycling involves processing used materials into new products to prevent the waste of potentially useful materials. Recycling reduces the need for traditional waste treatment, thereby reducing the consumption of raw materials, reducing energy use, and reducing air and water pollution. Compared with the original production, it also reduces greenhouse gas emissions.
Metal recycling can protect the environment and save energy. Using secondary raw materials means reducing the use of natural resources, otherwise, these resources will need to be used to make new metal compounds such as iron ore in steelmaking; nickel in stainless steel; or alumina and bauxite in aluminum smelting mines.
Production methods using recycled materials can also save a lot of energy and reduce carbon dioxide emissions: EU data shows that the use of recycled raw materials, including metals, can reduce carbon dioxide emissions by approximately 200 million tons per year.

Low awareness among consumers in developing countries will prove to be a challenge

Although recycling equipment is gaining popularity, the challenges associated with product acceptance in emerging economies may hinder market development over the forecast time period. This is due to the conception of consumers towards recycled plastics such as lack of durability & strength, and contamination, etc. These factors may slow down the recycling equipment market development in the coming years.
The infrastructure in developing countries such as Indonesia and India and smaller countries such as Cambodia is not yet mature. Due to the lack of public awareness of recycling, most recycling programs implemented by communities or NGOs have failed. How to raise public awareness of recycling will become an important challenge.

Region Overview:

In 2021, the share of the Recycling Equipment market in North America stood at 41.18%.

Company Overview:

The CP Group (MSS optical sorting systems) is one of the major players operating in the Recycling Equipment market, holding a share of 8.62% in 2022.

The CP Group (MSS optical sorting systems)

CP Manufacturing and the CP Group have provided equipment for 6 continents and have designed, manufactured and installed over 400 Material Recovery Facilities, and over 10,000 pieces of UBC processing equipment. They continue to lead the industry with innovative design, quality construction and unsurpassed customer service.

Pronar

PRONAR Sp. z o. o. is a manufacturer of agricultural machinery. The company offers tractors, trailers, hay and silage preparation machines, and feeding equipment. Production is carried out in several factories located in podlaskie viovideship (in Narew, Narewka and Strabla, among others).

Segmentation Overview:

By type, Balers segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Commercial and Industrial Waste segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Recycling Equipment market covered in Chapter 3:

Kiverco
SHERBROOKE OEM
MHM Recycling Equipment
Pronar
Marathon Equipment
The CP Group (MSS optical sorting systems)
M Machinex
Green Machine
General Kinematics
Morita Holdings
Recycling Equipment Manufacturing
Shred-Tech
Recycling Equipment Corporation (REC)
LEFORT

In Chapter 4 and Chapter 14.2, on the basis of types, the Recycling Equipment market from 2018 to 2029 is primarily split into:

Conveyors
Crushers
Perforators
Materials Separation Equipment
Optical sorting systems
Balers
Cranes
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Recycling Equipment market from 2018 to 2029 covers:

Municipal Solid Waste Recycling
E-Waste Recycling
Commercial and Industrial Waste
Transfer Station Recycling
Metals Separation and Recycling
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)