PUBLISHER: Acute Market Reports | PRODUCT CODE: 1128638
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1128638
Waste Management Equipment Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Key Market Insights
Growing population and urbanization supports growth of waste management equipment market globally
The global waste management equipment market is expected to grow at a CAGR of 4.0% during the estimated period from 2022 to 2030, starting from US$ 12.76 Bn in 2021.
Waste management is a major problem that world is facing irrespective of developed or developing economy. Increasing population led to tremendous degradation with respect to waste thereby requires various waste management systems. Additionally, as per the recent survey conducted by World Bank suggests that, about 1.3 billion tons of waste is being generated globally. The survey also estimates that the number would rise to 2.2 billion by the year 2025. The rise in waste generation and landfill related issue and increasing awareness of consumers regarding the importance of reducing industrial wastes drives the overall growth of the market during the forecast period. Inhabited countries treat waste in billion tons yearly and require management equipment for recycling the waste such as, shredders and combustor balling presses are required. This, in turn, is anticipated to drive the waste management equipment Market.
Smart waste management systems is upraising the market
Waste management manufacturers are acquiring the new generation of start-ups that are implementing automation and smart technologies such as artificial intelligence, robotics and machine learning to transform the industry. Manufacturers are focusing to provide smart waste management equipment. The smart waste management system involves application of modern and innovative technological development for collection and disposal of municipal and industrial waste. For instance, Steel Authority of India Ltd, launched smart garbage bins. The smart bins are developed from stainless steel and offer delivery of signals to garbage collection vehicle when bins are about to filled. Thereby, providing less human intervention and improved cleanliness. Additionally, in 2018 Yindi Smart Systems developed world's first machine learning robot. The Yindi Blue is powered by the sun and Artificial intelligence. It can clear waterways containing water pollution. The Yindi Blue communicates by mobile network or Wi-Fi.
Form Analysis
Urbanization and accelerating consumption of resources like textiles, paper, edibles and plastic will double the solid waste
The waste industry is growing rapidly and is becoming crucial indicator of development. Solid waste dominated the waste management equipment market in 2021 and continuing its dominance during the forecast period. For instance, India generates approximately 60 million tons of garbage every year. Major portion of India's waste is solid waste which ends up in landfills without any basic treatment of solid waste management. Thereby, manufacturing are proving various new and developed equipment and playing an active part in solid waste management industry. Moreover, World Bank report suggest that, in 2016, the world generated 242 million tonnes of plastic waste that is approximately 12 percent of solid waste.
Rising concerns regarding multiple ill effects associated with solid waste is flourishing the market demand
Accumulated solid waste causes various environmental and aesthetic problems. Additionally many nation are facing serious solid waste management issues. Thereby, contributing to growth of waste management equipment market globally. For occurrence, The Population Control Department of Thailand, reported that the country has generated 24.7 million tons of solid waste in the year 2012, amounting to 44,730 tons in 2014. Moreover, initiatives by government across various nations is one of the key factor for the rising demand of solid waste management equipment market.
Regional Analysis
Enhanced government guidelines and regulations for overall waste management will show promising growth in the developed countries
North America dominated the waste management equipment market in 2021 and likely to dominate during the forecast period. The dominance is supported by reasons such as presence of major manufactures of waste management equipment in this region. The research study suggests that approximately 258 million tons of waste is generated in North America annually.
The report by World Bank in 2018, suggests that high income countries such as the U.S. and Canada generates one-third of total world's waste that is about 34% of total waste generated globally. Major manufacturers in the North America are developing new product development and expanding their reach globally. The aforesaid reasons also contributing the growth of the market within the region.
List of Companies Covered:
Torma Systems ASA
Sierra International Machinery, LLC.
CP Manufacturing, Inc.
Dover Corporation
General Kinematics Corporation
Morita Holdings Corporation
Buhler Group
Maren Engineering, Inc.
KK Balers Ltd.
Blue Group
Shed-Tech
Green Machine Sales LLC
Wastequip, LLC
JCB
MSS, Inc.
Key Industry Developments:
In November 2019, Xiaomi launched a new smart garbage bin. The Smart garbage bin is capable of opening automatically. The smart garbage bin is also featured with automatic sealing option when fully filled, and offers 12 liters of capacity.
November 2018, Sierra International Machinery, announced its expansion. The expansion aims to increase production and meet the rising demand for sierra product catalog.
In April 2018, Tomra Sorting Recycling, launched a latest technology. The sorting technology is based on sensors. The new sorting technology is used for recycling of metals.
In May 2019, Steri-Green LLC launched a new medical waste disposal and treatment center. With the inauguration of the new Florida based waste disposal Steri-Green entered in a partnership agreement with SteriMed.
Historical & Forecast Period:
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Waste Management Equipment market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Waste Management Equipment market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Million
Segmentation
Product
Balers/Logger
Conveying
Shredders
Sorting Systems
Scrap Handler
Others (Cart Lifters, Grinders & Granulators etc.)
Application
Medical Waste
Industrial Waste
Commercial Waste
Municipal Waste
Construction Waste
Form
Solid
Liquid
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
Pre Covid-19 situation
Post Covid-19 situation
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Waste Management Equipment market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Waste Management Equipment market?
- Which is the largest regional market for Waste Management Equipment market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Waste Management Equipment market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Waste Management Equipment market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Waste Management Equipment Market
- 2.2. Global Waste Management Equipment Market, By Product, 2021 (US$ Million)
- 2.3. Global Waste Management Equipment Market, By Application, 2021 (US$ Million)
- 2.4. Global Waste Management Equipment Market, By Form, 2021 (US$ Million)
- 2.5. Global Waste Management Equipment Market, By Geography, 2021 (US$ Million)
- 2.6. Impact of Covid 19
- 2.7. Attractive Investment Proposition by Geography, 2021
- 2.8. Competitive Analysis
- 2.8.1. Market Positioning of Key Waste Management Equipment Market Vendors
- 2.8.2. Strategies Adopted by Waste Management Equipment Market Vendors
- 2.8.3. Key Industry Strategies
3. Waste Management Equipment Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Waste Management Equipment Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Waste Management Equipment Market: By Product, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Balers/Logger
- 4.3.2. Conveying
- 4.3.3. Shredders
- 4.3.4. Sorting Systems
- 4.3.5. Scrap Handler
- 4.3.6. Others (Cart Lifters, Grinders & Granulators etc.)
5. Waste Management Equipment Market: By Application, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Medical Waste
- 5.3.2. Industrial Waste
- 5.3.3. Commercial Waste
- 5.3.4. Municipal Waste
- 5.3.5. Construction Waste
6. Waste Management Equipment Market: By Form, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Solid
- 6.3.2. Liquid
7. North America Waste Management Equipment Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Waste Management Equipment Market: By Product, 2020-2030, USD (Million)
- 7.3. Waste Management Equipment Market: By Application, 2020-2030, USD (Million)
- 7.4. Waste Management Equipment Market: By Form, 2020-2030, USD (Million)
- 7.5.Waste Management Equipment Market: By Region, 2020-2030, USD (Million)
- 7.5.1.North America
- 7.5.1.1. U.S.
- 7.5.1.2. Canada
- 7.5.1.3. Rest of North America
- 7.5.1.North America
8. UK and European Union Waste Management Equipment Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Waste Management Equipment Market: By Product, 2020-2030, USD (Million)
- 8.3. Waste Management Equipment Market: By Application, 2020-2030, USD (Million)
- 8.4. Waste Management Equipment Market: By Form, 2020-2030, USD (Million)
- 8.5.Waste Management Equipment Market: By Region, 2020-2030, USD (Million)
- 8.5.1.UK and European Union
- 8.5.1.1. UK
- 8.5.1.2. Germany
- 8.5.1.3. Spain
- 8.5.1.4. Italy
- 8.5.1.5. France
- 8.5.1.6. Rest of Europe
- 8.5.1.UK and European Union
9. Asia Pacific Waste Management Equipment Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Waste Management Equipment Market: By Product, 2020-2030, USD (Million)
- 9.3. Waste Management Equipment Market: By Application, 2020-2030, USD (Million)
- 9.4. Waste Management Equipment Market: By Form, 2020-2030, USD (Million)
- 9.5.Waste Management Equipment Market: By Region, 2020-2030, USD (Million)
- 9.5.1.Asia Pacific
- 9.5.1.1. China
- 9.5.1.2. Japan
- 9.5.1.3. India
- 9.5.1.4. Australia
- 9.5.1.5. South Korea
- 9.5.1.6. Rest of Asia Pacific
- 9.5.1.Asia Pacific
10. Latin America Waste Management Equipment Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Waste Management Equipment Market: By Product, 2020-2030, USD (Million)
- 10.3. Waste Management Equipment Market: By Application, 2020-2030, USD (Million)
- 10.4. Waste Management Equipment Market: By Form, 2020-2030, USD (Million)
- 10.5.Waste Management Equipment Market: By Region, 2020-2030, USD (Million)
- 10.5.1.Latin America
- 10.5.1.1. Brazil
- 10.5.1.2. Mexico
- 10.5.1.3. Rest of Latin America
- 10.5.1.Latin America
11. Middle East and Africa Waste Management Equipment Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Waste Management Equipment Market: By Product, 2020-2030, USD (Million)
- 11.3. Waste Management Equipment Market: By Application, 2020-2030, USD (Million)
- 11.4. Waste Management Equipment Market: By Form, 2020-2030, USD (Million)
- 11.5.Waste Management Equipment Market: By Region, 2020-2030, USD (Million)
- 11.5.1.Middle East and Africa
- 11.5.1.1. GCC
- 11.5.1.2. Africa
- 11.5.1.3. Rest of Middle East and Africa
- 11.5.1.Middle East and Africa
12. Company Profile
- 12.1. Torma Systems ASA
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
- 12.2. Sierra International Machinery, LLC.
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
- 12.3. CP Manufacturing, Inc.
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
- 12.4. Dover Corporation
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
- 12.5. General Kinematics Corporation
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
- 12.6. Morita Holdings Corporation
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
- 12.7. Buhler Group
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
- 12.8. Maren Engineering, Inc.
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
- 12.9. KK Balers Ltd.
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
- 12.10. Blue Group
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives
- 12.11. Shed-Tech
- 12.11.1. Company Overview
- 12.11.2. Financial Performance
- 12.11.3. Product Portfolio
- 12.11.4. Strategic Initiatives
- 12.12. Green Machine Sales LLC
- 12.12.1. Company Overview
- 12.12.2. Financial Performance
- 12.12.3. Product Portfolio
- 12.12.4. Strategic Initiatives
- 12.13. Wastequip, LLC
- 12.13.1. Company Overview
- 12.13.2. Financial Performance
- 12.13.3. Product Portfolio
- 12.13.4. Strategic Initiatives
- 12.14. JCB
- 12.14.1. Company Overview
- 12.14.2. Financial Performance
- 12.14.3. Product Portfolio
- 12.14.4. Strategic Initiatives
- 12.15. MSS, Inc.
- 12.15.1. Company Overview
- 12.15.2. Financial Performance
- 12.15.3. Product Portfolio
- 12.15.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Waste Management Equipment Market By Product, 2020-2030, USD (Million)
- TABLE 2 Global Waste Management Equipment Market By Application, 2020-2030, USD (Million)
- TABLE 3 Global Waste Management Equipment Market By Form, 2020-2030, USD (Million)
- TABLE 4 North America Waste Management Equipment Market By Product, 2020-2030, USD (Million)
- TABLE 5 North America Waste Management Equipment Market By Application, 2020-2030, USD (Million)
- TABLE 6 North America Waste Management Equipment Market By Form, 2020-2030, USD (Million)
- TABLE 7 UK and European Union Waste Management Equipment Market By Product, 2020-2030, USD (Million)
- TABLE 8 UK and European Union Waste Management Equipment Market By Application, 2020-2030, USD (Million)
- TABLE 9 UK and European Union Waste Management Equipment Market By Form, 2020-2030, USD (Million)
- TABLE 10 Asia Pacific Waste Management Equipment Market By Product, 2020-2030, USD (Million)
- TABLE 11 Asia Pacific Waste Management Equipment Market By Application, 2020-2030, USD (Million)
- TABLE 12 Asia Pacific Waste Management Equipment Market By Form, 2020-2030, USD (Million)
- TABLE 13 Latin America Waste Management Equipment Market By Product, 2020-2030, USD (Million)
- TABLE 14 Latin America Waste Management Equipment Market By Application, 2020-2030, USD (Million)
- TABLE 15 Latin America Waste Management Equipment Market By Form, 2020-2030, USD (Million)
- TABLE 16 Middle East and Africa Waste Management Equipment Market By Product, 2020-2030, USD (Million)
- TABLE 17 Middle East and Africa Waste Management Equipment Market By Application, 2020-2030, USD (Million)
- TABLE 18 Middle East and Africa Waste Management Equipment Market By Form, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Waste Management Equipment Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Waste Management Equipment Market: Quality Assurance
- FIG. 5 Global Waste Management Equipment Market, By Product, 2021
- FIG. 6 Global Waste Management Equipment Market, By Application, 2021
- FIG. 7 Global Waste Management Equipment Market, By Form, 2021
- FIG. 8 Global Waste Management Equipment Market, By Geography, 2021
- FIG. 9 Global Waste Management Equipment Market, By Product, 2021 Vs 2030, %
- FIG. 10 Global Waste Management Equipment Market, By Application, 2021 Vs 2030, %
- FIG. 11 Global Waste Management Equipment Market, By Form, 2021 Vs 2030, %
- FIG. 12 U.S. Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 13 Canada Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 14 Rest of North America Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 15 UK Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 16 Germany Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 17 Spain Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 18 Italy Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 19 France Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 20 Rest of Europe Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 21 China Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 22 Japan Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 23 India Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 24 Australia Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 25 South Korea Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 26 Rest of Asia Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 27 Brazil Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 28 Mexico Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 29 Rest of Latin America Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 30 GCC Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 31 Africa Waste Management Equipment Market (US$ Million), 2020 - 2030
- FIG. 32 Rest of Middle East and Africa Waste Management Equipment Market (US$ Million), 2020 - 2030
