Waste Management Equipment Market to Reach $55.63 Bn, Globally, by 2027 at 4.1% CAGR: Allied Market Research

PORTLAND, Ore., Oct. 28, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Waste Management Equipment Market by Product Type, (Waste Disposal Equipment and Waste Recycling & Sorting Equipment), Waste Type (Hazardous and Non-hazardous), and Application (Industrial Waste, Municipal Waste, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global waste management equipment industry generated $ 45.75 billion in 2019, and is estimated to garner $55.63 billion by 2027, witnessing a CAGR of 4.1% from 2020 to 2027. 

Prime determinants of growth

Increase in urban population, surge in the amount of waste generation, stringent government regulations, and rise in environmental awareness towards industrial waste recycling drive the growth of the global waste management equipment market. However, lack of awareness in developing countries and high initial capital investment restrain the market growth. On the other hand, high growth potential in the emerging countries is anticipated to create new opportunities in the coming years.

Covid-19 Scenario

• Due to the COVID-19 pandemic, various companies in the global waste management equipment market have put their businesses on halt.
• The disturbances in operations have affected the sales of the waste management equipment globally.
• The disruptions in supply chain have resulted in the shortage of raw materials, thereby impacting the manufacturing processes of waste management equipment.  

Download Report Sample (211  Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/7549

The waste recycling & sorting equipment segment to maintain its dominant position by 2027

Based on product type, the waste recycling & sorting equipment segment accounted for the highest share in 2019, contributing to more than half of the global waste management equipment market, and is expected to maintain its dominant position based on revenue throughout the forecast period. In addition, the same segment is expected to witness the highest CAGR of 4.4% from 2020 to 2027. Rapid industrialization and shift of industrial production from developed to developing regions have augmented the segment growth. In addition, rise in environment related awareness towards industrial waste recycling, is another factor driving the growth of the segment.

The aerospace & defense segment to continue its highest contribution during the forecast period

Based on application, the industrial segment accounted for more than half of the global waste management equipment market in 2019, and is expected to continue its highest contribution during the forecast period. This is attributed to rise in industrialization and a shift of industrial manufacturing facilities from developed to emerging nations, and governments' implementation of stringent regulations to manage industrial and commercial waste. However, the municipal segment is estimated to portray the largest CAGR of 4.4% during the forecast period.

Get detailed COVID-19 impact analysis on the Waste Management Equipment Market: https://www.alliedmarketresearch.com/request-for-customization/7549?reqfor=covid

Europe, followed by North America, to maintain its lead position during the forecast period

Based on region, Europe, followed by North America, accounted for more than one-third of the global waste management equipment market in 2019, and is expected to maintain its lead position during the forecast period. This is due to rise in awareness among people about sustainable waste treatment solutions in this province. However, region across LAMEA is expected to witness the highest CAGR of 4.8% from 2020 to 2027. Increase in focus of recycling waste in emerging countries such as India, Vietnam, China, Indonesia, and others is projected to fuel the market growth in this region.

Leading market players

• Recycling Equipment Manufacturing, Inc
• CP Manufacturing, Inc
• Dover Corporation
• Morita Holding Corporation
• Tomra Systems ASA
• Wastequip, LLC
• Blue Group
• KK Balers Ltd
• Shred-Tech Corporation
• McNeilus Truck and Manufacturing, Inc.

Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/waste-management-equipment-market/purchase-options

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports We Have:   

Waste Management Market: Waste management market is expected to reach $2,339.8 billion by 2027, registering a CAGR of 5.5% from 2020 to 2027.

Underground Waste Containers Market: Underground waste containers market capacity is expected to reach $1,050.1 million in 2027, from $796.7 million in 2019, growing at a CAGR of 5.9% from 2020 to 2027.

Construction & Demolition Waste Recycling Market: Construction & demolition waste recycling market and is expected to reach $149,190.9 million by 2027, registering a CAGR of 2.7% from 2020 to 2027.

Waste to Energy Market: Waste to energy market is projected to reach $50.1 billion by 2027, growing at a CAGR of 4.6% from 2020 to 2027.

U.S. & Canada Waste-to-Energy Market: U.S. and Canada waste-to-energy (WtE) market is projected to reach $2,894.0 million by 2026, growing at a CAGR of 6.0% from 2019ssss to 2026.

Pre-Book Now with 12% Discount:

Nuclear Waste Management Market - Global Opportunity and Industry Forecast, 2020-2027

World Waste-to-Energy Technologies Market - Opportunities and Forecasts, 2020-2027

Drilling Waste Management Market – Global Opportunities and Forecasts, 2020-2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter

SOURCE Allied Market Research