Fior Markets launched a study titled “Recycling Equipment & Machinery Market by Machine (Baler Presses, Shredders, Shears, Granulators, Others), Processed Material, Regions”,and Global Forecast 2018-2025.
The global recycling equipment & machinery market is expected to grow from USD 772.21 Million in 2017 to USD 1,278.62 Million by 2025, at a CAGR of 6.51% during the forecast period from 2018-2025. Increasing awareness pertaining the economic and environmental benefits of the recycled materials coupled with growing use of recycled materials in the automotive, building & construction and electrical & electronics devices manufacturing, are turning out to be the propelling factors for the market growth.
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Baler presses segment had a market value of USD 281.32 million in 2017
Machine segment is divided into baler presses, shredders, shears, granulators, agglomerators, extruders and others. Due to their efficiency in the handling and recyclingof wide-ranging scrap materials such as rubber, iron & steel, plastic, concrete, textile fabrics, baler presses segment led the global recycling equipment & machinery market with USD 281.32 million revenue in 2017.
Rubber segment is anticipated to grow at a CAGR of 8.67% in 2018-2025
Processed materials is segmented into plastic, ferrous & non-ferrous, wood paper & cardboard, rubber and others. Owing to their widespread utilization in the electronics, electrical and the construction industries the ferrous and non-ferrous metals segment merged as the largest processed materials segment with USD 307.27 million revenue in 2017. However due to the imposition of the strict regulations dealing with the handling, stockpiling, landfilling & dumping of waste rubber, the rubber segment is projected to progress at an increased CAGR of 8.67% over the forecast period.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. On the basis of factors such as increasing demand for the recycled metals from the electronics, construction, automotive and ship building industry coupled with swift development of plastic and rubber recycling sectors, the Asia Pacific region is anticipated to grow at an accelerated CAGR of 8.96% over the forecast period.
Although the factors such as rising utilization recycled materials in the automotive, building & construction sectors as well as emphasis on reducing carbon footprint are driving the global recycling equipment & machinery market, the inefficiency in scrap metal collection and high energy cost associated with the recycling process, are projected to pose the major roadblocks for the market growth.
Major players in the global recycling equipment & machinery market areLefort, Danieli Centro Recycling, Morita Holdings Corporation, Forrec Srl Recycling, BHS Sonthofen, Panchal Plastic Machinery Private Ltd, Mid Atlantic Waste Systems, Idromec Spa,Suny Group, Roter Recycling, Vecoplan AG, Shred-tech Corporation, Gamma Meccanica SPA, Metso, ELDAN Recycling, and among others.
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