-- According to a new report published by Allied Market Research, titled, “Waste Management Equipment Market by Product Type, Waste Type, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global waste management equipment market size was $45,756.9 million in 2019, and is projected to reach $55,637.9 million by 2027, registering a CAGR of 4.1% from 2020 to 2027.
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The global waste management equipment market is expected to grow, owing to increase in the urban population globally and stringent government regulations toward environmental safety. In addition, increase in the amount of waste generated in municipal and industrial sectors is projected to garner to the growth of the market. Moreover, government initiatives such as, in India, Swachh Bharat Abhiyan, support the e-waste management program.
Moreover, high growth potential in emerging regions such as Asia-Pacific and LAMEA, is projected to provide lucrative opportunities for the growth of the waste management equipment market. Further, rise in the amount of waste such as papers, masks, sanitizer, cardboard, and others generated from medical and pharmaceutical sectors is expected to fuel the growth of the market.
Geographic Review
North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is fastest growing segment throughout the study period.
Key Market Players
The key players profiled in the waste management equipment market report include 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, and McNeilus Trucks & Manufacturing, Inc.
Key Findings
The report provides an extensive analysis of the current and emerging waste management equipment market trends and dynamics.
Depending on product type, the waste recycling & sorting segment dominated the waste management equipment market, in terms of revenue in 2019 and others is projected to grow at a CAGR 4.1% during the forecast period.
By waste type, the hazardous waste-segment registered highest revenue in the market in 2019.
Depending on application, the industrial segment dominated the market, in terms of revenue in 2019 and is projected to grow at a CAGR 4.1% during the forecast period
Asia-Pacific is projected to register the highest growth rate in the coming years.
The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the waste management equipment industry.
The report provides an extensive analysis of the market trends and emerging opportunities of the market.
In-depth analysis is conducted by constructing estimations for the key segments between 2020 and 2027.
The global waste management equipment market forecast analysis from 2020 to 2027 is included in the report.
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Organization: Allied Market Research
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Website: https://www.alliedmarketresearch.com
Release ID: 89035215
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