The global recycling equipment market size was estimated at USD 851.8 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2020 to 2027. The growth of the market is attributable to the increasing awareness towards sustainable advantages and benefits of reusing and recycling waste materials. Scrap materials including discarded electrical and electronic goods, automobile parts, paper, and construction materials, are usually collected from numerous sources for further processing. Recycling equipment including baler presses, granulators, shredders, and shears are then used to reduce the shape and size of the waste materials, which are further used for recycling.
U.S. contributed to the largest market share in North America in 2019. The country is one of the largest suppliers of scrap across the globe. According to the Institute of Scrap Recycling Industries (ISRI), approximately 130.0 million tons of scrap materials are annually processed in the country. Industrial baler presses, shredders, separators, and extruders are majorly utilized equipment for recycling of scrap material.
Increasing demand for recycled material in end-use industries including automotive, building and construction, electrical and electronics, and packaging are likely to boost the demand for recycling equipment over the forecast period. Advanced technologies and frameworks utilized for the arranging, reprocessing, and assortment of recyclable materials are creating new opportunities in the market for recycling equipment.
Furthermore, increasing concern towards green-house gas emission along with stringent regulations by regulatory bodies for waste recycling is likely to have a positive impact on the market during the forecast period. Recycling provides environmental benefits including conserving natural resources, diverting material from landfills, and reducing greenhouse gas emissions. The above-mentioned factors are anticipated fuel market growth over the forecast timeframe.
Growing efforts by numerous recycling equipment manufacturers to produce highly efficient and technologically advanced equipment are anticipated to have a positive impact on the market for recycling equipment. For instance, in 2019, Vecoplan AG introduced a new Vecoplan Infinity Shredder (VIZ) which is a single-stage flexible-drive shredder that is used in plastic recycling.
The baler press segment held the largest market share of 30.4% in 2019 owing to the increasing utilization of baler presses for recycling of ferrous, non-ferrous, and plastic material. Based on service, other segments include shredders, granulators, agglomerators, shears, separators, extruders, and others.
The shredding equipment is expected to have robust growth over the forecast period on account of increasing demand from the tire industry. Shredding equipment is used to break down processed materials into reduced and more manageable parts before they are made into a more convenient form for reuse.
The separator segment is anticipated to have a significant share in the recycling equipment market. Separation is one of the most important recycling process to categorize scrap material. Numerous types of separation equipment are used including magnetic separators, air separators, eddy current separators, screeners, vibratory screeners, rod decks, disc screeners, and star screeners.
Granulators are used to granulate a scrap material into a grain. It is majorly used for plastic and rubber waste material and usually integrated with extruder equipment. There are two types of granulation, dry granulation, and wet granulation. The granulators segment is expected to witness a CAGR of 6.1% over the forecast period.
Based on processed material, the plastic segment held the largest market share of 31.9% in 2019 and is anticipated to witness the fastest CAGR of 6.2% over the forecast period. This is owing to the increasing utilization of recycled plastic in end-use industries including building and construction, electrical and electronics, and automotive. Furthermore, several laws and guidelines forced by governments for plastic waste disposal are anticipated to drive the market for recycling equipment over the forecast period.
The metal segment accounted for 23.3% of the overall market share in 2019 owing to its high recycling ability. Scrap metal material can be recycled multiple times while maintaining their characteristics. Steel is the most recycled metal material owing to the growing demand in application industries.
The rubber segment is expected to witness a CAGR of 6.0% over the forecast period owing to the numerous application of recycled rubber in civil engineering works. Various technologies are used to recycle rubber waste such as shredding, granulation, and pulverization. Shredded rubber can be used in roads and bridge abutments as insulation and filler to stabilize weak soil.
The paper segment is expected to account for significant market share over the forecast period on account of its high recycling ability. According to BIR approximately 462.9 million tons of paper is produced worldwide annually, of which half of the raw material is from recycled sources. Paper can be recycled from 3 to 8 times depending upon the quality of the fiber.
Europe held the largest market share of 34.2% in 2019 and is anticipated to witness a CAGR of 5.5% during the forecast period on account of numerous initiatives and stringent regulations imposed by governments on waste recycling. Germany, France, Italy, U.K., and Spain are the notable countries in the region that are driving the demand for recycling equipment in the region.
Asia Pacific is projected to witness a robust CAGR of 6.8% during the forecast period owing to of rising industrialization coupled with the stringent regulations pertaining to waste recycling and disposal processes. Economic development in the region along with increasing importance of waste management in India, China, and Japan are driving the market in the region.
North America accounted for 22.6% of overall market share in 2019 and estimated to register substantial growth on account of rising awareness to restrain carbon footprint resulting from growing overall waste. The growing utilization of recycled material in numerous industries in the region is likely to drive the demand for recycling equipment.
Central and South America and Middle East and Africa do not contribute to substantial market share compared to other regions owing to improper planning, inadequate infrastructure, and lack of proper training and awareness. Though, the key governments in both regions are taking initiatives to promote waste management, which are expected to drive the market in these regions during the forecast period.
The market is highly fragmented owing to the presence of a large number of equipment manufacturers offering a wide range of products. Various initiatives such as technology innovations, research and development, partnerships, and merger and acquisitions have been undertaken by the key market players. For instance, in January 2019, ELDAN Recycling A/s launched a new Twin Shaft Clean-Cut Shredder (TSCC) for the production of clean-cut tire chips from car or truck tires. Some of the prominent players in the recycling equipment market include:
Recycling Equipment Manufacturing
The CP Group
ELDAN Recycling
Metso
Suny Group
Clean Harbors, Inc.
Forrec Srl Recycling
BHS Sonthofen
LEFORT GROUP
Mid Atlantic Waste Systems
Report Attribute |
Details |
Market size value in 2020 |
USD 895.4 million |
Revenue forecast in 2027 |
USD 1.3 billion |
Growth rate |
CAGR of 5.8% from 2020 to 2027 |
Base year for estimation |
2019 |
Actual estimates/Historical data |
2016 - 2018 |
Forecast period |
2020 - 2027 |
Report coverage |
Revenue forecast, competitive landscape, growth factors and trends |
Quantitative units |
Revenue in USD million and CAGR from 2020 to 2027 |
Segments covered |
Equipment, processed material, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Canada; Mexico; Germany; U.K.; Italy; France; Spain; China; Japan; India; Brazil; Argentina; Saudi Arabia; UAE |
Key Companies profiled |
Recycling Equipment Manufacturing; The CP Group; ELDAN Recycling; Metso; Suny Group; Clean Harbors, Inc.; Forrec Srl Recycling; BHS Sonthofen; Lefort; Mid Atlantic Waste Systems |
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global recycling equipment market on the basis of equipment, processed material, and region:
Equipment Outlook (Revenue, USD Million, 2016 - 2027)
Baler Press
Shredders
Granulators
Agglomerators
Shears
Separators
Extruders
Others
Processed Material Outlook (Revenue, USD Million, 2016 - 2027)
Metal
Plastic
Construction Waste
Paper
Rubber
Others
Regional Outlook (Revenue, USD Million, 2016 - 2027)
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
U.K.
Asia Pacific
China
Japan
India
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
UAE
b. The global recycling equipment market size was estimated at USD 851.8 million in 2019 and is expected to reach USD 895.4 million in 2020.
b. The recycling equipment market is expected to grow at a compound annual growth rate of 5.8% from 2020 to 2027 to reach USD 1340.9 million by 2027.
b. Europe dominated the recycling equipment market with a share of 34.2% in 2019, owing to increasing utilization of baler presses to compact, bind, and bale recyclable processed materials for the purposes of storage and transportation.
b. Some of the key players operating in the recycling equipment market include CP Group, ELDAN Recycling, Metso, Suny Group, Clean Harbors, Inc., Forrec Srl Recycling, BHS Sonthofen, Lefort, and Mid Atlantic Waste Systems.
b. The key factors that are driving the recycling equipment market include growing awareness pertaining to the economic and environmental benefits of recycled processed materials.
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