Recycling Equipment Market Size, Share & Trends Report

Recycling Equipment Market Size, Share & Trends Analysis Report By Equipment (Baler Press, Shredders, Granulators, Agglomerators), By Processed Material (Metal, Plastic, Construction Waste), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-4-68038-708-7
  • Number of Pages: 125
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the recycling equipment market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for recycling equipment market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of recycling equipment market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Recycling Equipment Market Categorization:

The recycling equipment market was categorized into four segments, namely equipment (Baler Press, Shredders, Granulators, Agglomerators, Shears, Separators, Extruders), processed material (Metal, Plastic, Construction Waste, Paper, Rubber), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The recycling equipment market was segmented into equipment, processed material, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The recycling equipment market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; China; India; Japan; Brazil; Argentina; Saudi Arabia; UAE

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Recycling equipment market companies & financials:

The recycling equipment market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Recycling Equipment Manufacturing provides a wide range of products in recycling and beverage industry. It manufactures a series of conveyors, magnetic separators, and other equipment for recycling processors and buyback centers. The product line offered by the company, includes conveyors, perforators, blowers, sorting systems, magnetic separators, and glass breakers, among others. In addition to the diversified product range offered by the company for beverage destruction, recycling, and other equipment, it also provides customized equipment for multiple applications. Industrial sorting systems and conveyors manufactured by the company are used in various industries including food & beverage, agriculture, and transportation. Recycling Equipment Manufacturing also offers wear parts for equipment including mechanical parts, belts, and electrical parts.

  • CP Manufacturing Inc. is engaged in manufacturing and supplying separation technology for recycling and waste management industries. Its recycling solutions segment consists of retrofits, advanced MRF, electrical solutions, and audits, among others. It specializes in offering products for heavy duty demolition and construction streams including wood, rocks, and heavy metals. Apart from providing a wide product range, it also provides various recycling solutions such as retrofitting, electrical & mechanical audits, and many more.

  • American Baler Company is engaged in providing bailing solutions to customers in various industries. The company’s product line includes manual-tie and auto-tie single ram horizontal balers and two ram auto-tie balers for both low-volume and high-production applications. The two ram baler is designed for recycling scrap metals. The company caters to various markets, such as distribution centers, municipal, and documentation destruction, among others. It offers innovative solutions to its customers by maintaining an engineering department using advanced technology and skilled technicians, who assist its customers in providing solutions to keep the balers productive for a long period. Balers manufactured by the company are specifically designed for scrap metals and various other recycling materials to ensure maximum stroking of product being compressed. The company has a worldwide dealer network, which helps in providing local parts and services to its customers.

  • Kiverco is engaged in the manufacturing and designing of recycling plants for multiple sectors including commercial & industrial, construction & demolition, municipal solid wastes, dry mixed recyclables, and many other areas. The company offers its products and services to various industries such as municipal solid wastes, fines treatment, construction & demolition, and commercial & industrial sectors, among others. It also provides additional services to its customers such as providing spare parts, maintenance packages, and breakdown covers. It offers maintenance packages specific to plant requirements. These packages ensure that recycling plants are provided with components and also replaced at regular intervals to reduce the risk of components breakdown in plants. It provides detailed electrical and mechanical inspection reports, advice on regular maintenance, and plant optimization to its customers.

  • General Kinematics Corporation is involved in the manufacturing of vibrating equipment for bulk materials processing. It offers its product and services for multiple industries including foundry & metal casting, mining & minerals, bulk processing, and wood processing, among others. Furthermore, it provides waste recovery systems for metal processing, recovery, and separation of recyclable materials through its recycling systems segment. Recycling segment consists of construction & demolition, e-waste, waste to energy, municipal solid waste, glass recycling, and tire recycling. Apart from offering a diverse product range, it also offers various additional services to its customers, which cover assistance in installation and start-up of equipment, on-site vibration analysis, inspection of already installed equipment in plants, rebuilds assistance, etc.

  • MHM Recycling Equipment primarily manufactures and supplies various types of waste recycling machinery systems. It has its service stations spread throughout Europe. The company is engaged in manufacturing recycling equipment as well as supplying waste management and waste recycling equipment. The company can also provide services to mechanical, hydraulic, and electrical maintenance and repair services for various equipment used throughout warehousing, recycling, and pneumatic conveying industry. Also, offers a complete range of waste management solutions to various industries by ensuring that waste materials are effectively managed and recycled in line with the standard regulations.

  • Marathon Equipment is engaged in the manufacturing of onsite compactors and waste balers for recycling. Marathon operates through its three business verticals including Compacting Solutions, Recycling Solutions, and Renewable Energy Solutions. Its waste compaction segment provides compaction containers, transfer systems, and compactors for solid waste management applications. Recycling Solutions division offers products and services for recycling, material handling, and solid waste applications. Recycling equipment used in a wide range of scrap processing and recycling operations includes auto tie balers, two ram balers, perforators, vertical balers conveyors, and MRF systems. Organic processing segment deals with addressing waste needs. The company operates with the help of various partners and has a global presence.

  • Ceco Equipment Ltd. manufactures and supplies a wide range of recycling and reduction equipment. Its product portfolio includes balers, bale strappings, bag presses, bin presses, and bottle crushers. Ceco provides balers for retailers as well as for producers in multiple applications such as hotels, retail, restaurants, schools, hospitals, wholesale, airports, and many more. Apart from providing newly manufactured equipment, the company also serves used machines to its clients, which are shipped throughout the world through its strong sales and distribution network.

  • LEFORT is engaged in the manufacturing of balers, shears, and shredders for recycling industry. It has a diversified product range including over 40 different models for a machine. LEFORT offers various services to its customers through its multiple service divisions including LEFORT Academy, Maintenance, Retrofit, Cylinders, Renting, Logistics & Installation, spare parts, and used equipment. LEFORT Renting offers machines and equipment for the treatment of ferrous and nonferrous waste to meet its customers’ temporary requirements on a rental basis. The company provides a wide range of spare parts in recycling industry worldwide. It takes active steps toward developing knowledge regarding machines purchased by customers.

  • Danieli Centro Recycling manufactures, designs, and installs equipment for metal recycling. Danieli also provides after-sale services including long term service agreements, predictive maintenance, engineering services, and consignment stock. Danieli Centro Recycling is a part of the Danieli Group, which is an integrated plant supplier for metal industry. It markets its products through three brands, namely Danieli Lynxs, Danieli Henschel, and Danieli Riverside. The brands cover a diversified product range for recycling industry. Danieli Lynxs provides scrap shredders; Danieli Henschel offers a wide range of hydraulic shears, grinder mills, preshredders and baling presses; and Danieli Riverside Products is engaged in the manufacturing of specialized rotors and spare parts for recycling industry.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Recycling Equipment Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Recycling Equipment Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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