Waste Management Equipment Market Worth $55,637.9 Million by 2027 | by Product, Waste, Application

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. In 2019, industrial segment dominated the global market, accounting for approximately half of the global waste management equipment market share.

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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.

Waste disposal equipment includes dumpers, compactors, trucks, and others. This equipment is used to collect garbage and transport it to the landfill stations. The waste disposal equipment segment is further divided into dumpers, compactors, trucks, and others. The waste recycling & sorting equipment segment is sub-classified into conveyor systems, screeners, shredders, and others. In addition, increase in industries and commercial sector has also led to a rise in the amount of waste.

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Global Waste Management Equipment Market Segments

By Product Type

Waste Disposal Equipment

Dumpsters
Compactors
Trucks
Others

Waste Recycling & Sorting Equipment

Conveyor Systems
Screeners
Shredders
Others

By Waste Type

Hazardous Waste
Non-hazardous Waste

By Application

Industrial Waste
Municipal Waste
Others

By Region

North America
Europe
Asia-Pacific
LAMEA

Key Players

The key market players profiled in the waste management equipment industry 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 Truck and Manufacturing, Inc.

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