Waste Management Equipment Market to Reach $55.63 Billion by 2027, Expanding at 4.1% CAGR

Allied Market Research published a report titled, "Waste Management Equipment Market by Product Type, (Waste Disposal Equipment and Waste Recycling & Sorting Equipment), Waste Type (Hazardous and Non-hazardous), and Application (Industrial Waste, Municipal Waste, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global waste management equipment industry generated $ 45.75 billion in 2019, and is estimated to garner $55.63 billion by 2027, witnessing a CAGR of 4.1% from 2020 to 2027.

Download Report Sample@ https://www.alliedmarketresearch.com/request-sample/7549

Prime determinants of growth

Increase in urban population, surge in the amount of waste generation, stringent government regulations, and rise in environmental awareness towards industrial waste recycling drive the growth of the global waste management equipment market. However, lack of awareness in developing countries and high initial capital investment restrain the market growth. On the other hand, high growth potential in the emerging countries is anticipated to create new opportunities in the coming years.

Covid-19 Scenario

Due to the COVID-19 pandemic, various companies in the global waste management equipment market have put their businesses on halt.
The disturbances in operations have affected the sales of the waste management equipment globally.
The disruptions in supply chain have resulted in the shortage of raw materials, thereby impacting the manufacturing processes of waste management equipment.

The waste recycling & sorting equipment segment to maintain its dominant position by 2027

Based on product type, the waste recycling & sorting equipment segment accounted for the highest share in 2019, contributing to more than half of the global waste management equipment market, and is expected to maintain its dominant position based on revenue throughout the forecast period. In addition, the same segment is expected to witness the highest CAGR of 4.4% from 2020 to 2027. Rapid industrialization and shift of industrial production from developed to developing regions have augmented the segment growth. In addition, rise in environment related awareness towards industrial waste recycling, is another factor driving the growth of the segment.

The aerospace & defense segment to continue its highest contribution during the forecast period

Based on application, the industrial segment accounted for more than half of the global waste management equipment market in 2019, and is expected to continue its highest contribution during the forecast period. This is attributed to rise in industrialization and a shift of industrial manufacturing facilities from developed to emerging nations, and governments' implementation of stringent regulations to manage industrial and commercial waste. However, the municipal segment is estimated to portray the largest CAGR of 4.4% during the forecast period.

Request Customization: https://www.alliedmarketresearch.com/request-for-customization/7549?reqfor=covid

Europe, followed by North America, to maintain its lead position during the forecast period

Based on region, Europe, followed by North America, accounted for more than one-third of the global waste management equipment market in 2019, and is expected to maintain its lead position during the forecast period. This is due to rise in awareness among people about sustainable waste treatment solutions in this province. However, region across LAMEA is expected to witness the highest CAGR of 4.8% from 2020 to 2027. Increase in focus of recycling waste in emerging countries such as India, Vietnam, China, Indonesia, and others is projected to fuel the market growth in this region.

Leading market players

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
McNeilus Truck and Manufacturing, Inc.

Enquire Before Buying@ https://www.alliedmarketresearch.com/purchase-enquiry/A07184

Similar Reports We Have:
Baler Machines Market https://www.alliedmarketresearch.com/baler-machines-market-A316376
UK Residential Roller Doors Market https://www.alliedmarketresearch.com/uk-residential-roller-doors-market-A325786
Centrifugal Chiller Market https://www.alliedmarketresearch.com/centrifugal-chiller-market-A70025
Metal Seals Market https://www.alliedmarketresearch.com/metal-seals-market-A46422
Ultra-High Performance Concrete Market https://www.alliedmarketresearch.com/ultra-high-performance-concrete-market-A08149
Glove Box Market https://www.alliedmarketresearch.com/glove-box-market-A46322
Food Vacuum Cooling Equipment Market https://www.alliedmarketresearch.com/food-vacuum-cooling-equipment-market-A122332
Food Vacuum Cooling Equipment Market https://www.alliedmarketresearch.com/food-vacuum-cooling-equipment-market-A122332
3d printing construction market https://www.alliedmarketresearch.com/3d-printing-construction-market-A16979
Warehouse Robotics Market https://www.alliedmarketresearch.com/warehouse-robotics-market
Digital Metal Detector Market https://www.alliedmarketresearch.com/digital-metal-detector-market-A12914
Glass Rotor Flowmeters Market https://www.alliedmarketresearch.com/glass-rotor-flowmeters-market

David Correa

1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA.
Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285

UK: +44-845-528-1300

India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.