Europe Automated Waste Collection Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Stationary and Mobile), End-user (Airports, Educational Institutions, Hospitals, Corporate Offices, Hotels / Restaurants, and Others

Europe Automated Waste Collection Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Stationary and Mobile), End-user (Airports, Educational Institutions, Hospitals, Corporate Offices, Hotels / Restaurants, and Others)

The Europe automated waste collection systems market is expected to grow from US$ 103.11 million in 2021 to US$ 150.18 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028. Waste collection is an important part of waste management; however, the rate of waste collection differs depending on countries' income levels; for example, upper-middle- and high-income countries have almost universal waste collection. Thus, the high rate of waste generation worldwide has intrigued the necessity of waste segregation before further processing, which predominantly includes recycling. New regulations require waste to be separated at the source to channel it into capital through recovery, reuse, and recycling. Therefore, before handing over waste to the collectors, waste generators must sort it into three streams—biodegradables, dry (plastic, paper, metal, wood, etc.), and domestic hazardous waste (diapers, napkins, mosquito repellants, cleaning agents, etc.). However, the segregation of waste at a large scale is a tedious process, which is compelling government authorities to focus on automatic solutions of waste segregation. These factors are influencing the adoption of automated waste collection systems in many countries in Europe.

The Europe automated waste collection systems market is segmented into product type, end user, and country. Based on product type, the Europe automated waste collection systems market is bifurcated into stationary and mobile. In terms of end user, the market is segmented into airports, educational institutions, hospitals, corporate offices, hotels and restaurants, and others. In 2021, the stationary segment accounted for a larger market share. In stationary waste collection systems, the garbage is directly transported by pipes with the help of air pressure, where it is compressed in seal containers. Thus, it is not required to be collected by trucks. Exhausters produce negative pressure in the pipe system, allowing air to flow freely. However, the mobile segment is estimated to register a higher CAGR during the forecast period.

The European region comprises a significant number of automated waste collection system manufacturers. Several countries in the region, including Russia, Germany, Spain, Italy, and the UK, are among the worst-hit countries by the COVID-19 virus. The imposition of lockdown for a longer period has led the manufacturers to experience a severe downfall in the production volumes of respective AWCS. This resulted in a decline in revenue generation during Q2 and Q3 of 2020 among the manufacturers, which ultimately hampered the region's automated waste collection systems market. Nonetheless, several AWCS manufacturers secured contracts for their products from various countries across the region as well as internationally. For instance, Finland-based MariMatic, one of the leading AWCS manufacturers, secured contracts from Saudi Arabia, Amsterdam, and Stockholm to develop, install, and maintain AWCS systems. Several other European automated waste collection systems market players also secured local and international contracts in Q3 and Q4 of 2020. This helped the manufacturers to gain revenues, which facilitated the automated waste collection systems market to grow in 2020.

The overall Europe automated waste collection systems market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Europe automated waste collection systems market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe automated waste collection systems market. Some of the activities undertaken by the companies that have promoted market growth are mergers and acquisitions. The companies include CAVERION CORPORATION, AERBIN APS, AMCS GROUP, ENVAC AB, LOGIWASTE AB, MARIMATIC OY, MEIKO Group, MABAT, and EVAC GROUP.

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