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Recycling Equipment & Machinery Market Size

Report ID: GMI2789
Published Date: Nov 2019
Report Format: PDF

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Recycling Equipment & Machinery Market Size

Recycling Equipment & Machinery Market size was valued at over USD 700 million in 2018 and is estimated to exhibit around 6% CAGR from 2019 to 2026.

Recycling Equipment & Machinery Market

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Recycled materials are extensively utilized by major end-user industries including electrical & electronics, automotive, construction, etc. However, low awareness among consumer in the emerging economies are likely to be a key hindrance for the industry development. Rising concerns over greenhouse gas (GHG) emission along with increasing government efforts in several countries to promote recycling are likely to positively impact the recycled equipment & machinery market development over the coming years.

Recycling Equipment & Machinery Market Report Attributes
Report Attribute	Details
Base Year:	2018
Recycling Equipment & Machinery Market Size in 2018:	USD 0.79 Billion
Forecast Period:	2019 to 2026
Forecast Period 2019 to 2026 CAGR:	6.1%
2026 Value Projection:	USD 1.28 Billion
Historical Data for:	2016 to 2018
No. of Pages:	290
Tables, Charts & Figures:	518
Segments covered:	Machine, Processed Material, Region
Growth Drivers:	Growing demand for recycled materials in most of end-use industries across the globe Energy conservation and environmental benefits of metal recycling Supportive environmental framework and positive recycling activities in Europe Growth in construction activities in Asia Pacific Growth in automotive sector in developing economies
Pitfalls & Challenges:	High initial capital investment involved in the scrap recycling process Lack of awareness among the consumers

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Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The global recycling equipment & machinery industry is expected to achieve $1.2 billion by 2026 and is poised to record over 6.1% CAGR.

Growing demand for recycled materials in most of end-use industries across the globe, the energy conservation and environmental benefits of metal recycling, supportive environmental framework and positive recycling activities in Europe are the key factors expected to drive the growth of global industry.

Danieli Centro Recycling, Lefort, Morita Holdings Corporation, MTB Recycling, Forrec Srl Recycling Systems, BHS Sonthofen, Idromec Spa, Suny Group, Roter Recycling, Shred-Tech Corporation, Vecoplan AG are key companies operating in the global industry for recycling equipment & machinery.

Europe will witness highest growth in recycling equipment industry owing to increasing plastic waste generation and to fulfil energy conservation goals.