Resource Circulation Equipment Market To Reach $40.69 Billion By 2030

Resource Circulation Equipment Market Growth & Trends

The global resource circulation equipment market size is expected to reach USD 40.69 billion by 2030, registering a CAGR of 5.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing industrial & electronic waste coupled with stringent environmental regulations are expected to drive RCE demand over the next six years. The recent uptrend in recycling rate and efficiency is also expected to have a positive impact on resource circulation equipment sales. However, the high initial investment cost is expected to be a key challenge for market participants.

Electrical & electronics dominated the market with the largest revenue share in 2023. Rapid technological advancements and the frequent upgrading of electronic devices drive the increasing volume of electronic waste (e-waste) generated globally. Increasing industrial waste and scrap recycling activities are expected to drive the growth of this segment.

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Resource Circulation Equipment Market Report Highlights

• The baler press segment dominated the market with the largest revenue share of 24.7% in 2023. The separators segment is expected to grow at the fastest CAGR over the forecast period. The regulatory push towards water treatment and waste management is a significant driver as governments worldwide implement stricter regulations on waste disposal and wastewater treatment.

• Electrical & electronics dominated the market with the largest revenue share in 2023. Rapid technological advancements and the frequent upgrading of electronic devices drive the increasing volume of electronic waste (e-waste) generated globally.

• Metal is projected to witness significant growth over the forecast period. The increasing demand for recycled metals in various industries such as automotive, construction, and electronics.

• Asia Pacific resource circulation equipment market dominated the global market with a revenue share of 39.9% in 2023.

• North America's resource circulation equipment market is expected to grow significantly over the forecast period. The increasing emphasis on sustainable waste management practices and the adoption of circular economy principles.

Resource Circulation Equipment Market Segmentation

Grand View Research has segmented global resource circulation equipment market report based on product, application, and region:

Resource Circulation Equipment Product Outlook (Revenue, USD Million, 2018 - 2030)

• Baler Press

• Shredders

• Granulators

• Agglomerators

• Shears

• Separators

• Extruders

• Others

Resource Circulation Equipment Application Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive

• Construction

• Electrical & Electronics

• Paper

• Plastic & Polymers

• Metal

• Oil & Gas

• Others

Resource Circulation Equipment Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

List of Key Players of Resource Circulation Equipment Market

• The CP Group

• American Baler

• Kiverco

• General Kinematics

• MHM Recycling Equipment

• Marathon Equipment

• Ceco Equipment Ltd.

• Danieli Centro Recycling

• ELDAN Recycling

• Metso

• Suny Group

• Forrec Srl Recycling

• BHS Sonthofen

• LEFORT GROUP