Waste Management Equipment Market: Trends and Growth

The “Waste Management Equipment Market Research Report Overview by 2024” market size is reached USD 17.21 billion by 2022 and it is projected to reach USD 24.21 billion by 2030 between the forecast period and expected Compound annual growth rate of 4.5% between the forcast period by (2022-2030).

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Waste Management Equipment Market Share, Size & COVID-19 Impact Analysis, By Product Type (Waste Disposal Equipment and Waste Recycling & Sorting Equipment), By Waste Type (Hazardous and Non-hazardous), By Application (Industrial Waste, Municipal Waste, and Others), Regional Forecast Between, 2023-2030

Major Keyplayers of waste management equipment market:

Some of the key players operating in the global waste management equipment Industry are:

• Dover Corporation (U.S.)
• Morita Holdings Corporation (Japan)
• Wastequip LLC (U.S.)
• Oshkosh Corporation (U.S.)
• Sierra International Machinery LLC (U.S.)
• JCB (U.K.)
• Kirchoff Group (Germany)
• Waste Connections (U.S.)
• EnerpatGroup UK Ltd (U.K.)
• Caterpillar Inc (U.S.)

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Key industry developments of waste management equipment market:

• Wastequip LLC acquired Wastebuilt Environmental Solutions LLC based in the U.S. The company deals in manufacturing and trading of refuse, fleet parts, and related equipment. The acquisition was done for improving the supply chain network of waste management services and equipment of the Wastequip LLC.
• Averda International Limited signed a partnership agreement with King Abdullah University of Science and Technology (KAUST) for bringing sustainable waste management services to the universities across Saudi Arabia. The partnership was done for 10 years and aimed to achieve zero waste to landfill centers.
• Sierra International Machinery LLC based in California, U.S. opened a new manufacturing facility at Jesup, Georgia, U.S. The new manufacturing facility is 24,000 square feet. The business expansion was done for improving the production capacity of waste management equipment and increasing demand for Sierra’s products.
• Brightmark signed a partnership with Jamar Health Products based in the U.S. that deals in medical waste recycling services. The partnership was aimed at improving the waste management services of the company.
• Waste Management Inc invested around USD 200 million for improving the recycling infrastructure of the company. The investment also resulted in capturing more recyclable materials, which require more waste management equipment.

Drivers and restraints of waste management equipment market:

• Driver: Increasing Waste GenerationThe rising volume of waste generated globally, driven by urbanization and population growth, fuels the demand for advanced waste management equipment to handle and process waste effectively.
• Driver: Stringent Environmental RegulationsStricter environmental regulations and policies aimed at reducing landfill use and promoting recycling drive investments in advanced waste management technologies and equipment.
• Driver: Technological InnovationsAdvancements in waste management technologies, including automation and smart sensors, improve the efficiency and effectiveness of waste processing and recycling operations.
• Restraint: High Initial CostsThe significant capital required for purchasing and installing advanced waste management equipment can be a barrier for smaller municipalities and organizations with limited budgets.
• Restraint: Maintenance and Operational ComplexityAdvanced waste management equipment often requires specialized maintenance and operational knowledge, which can lead to increased operational costs and challenges for users.

Regional Insights:

• North America (By Product Type, By Waste Type, By Application, By Country)
  • U.S. (By Application)
  • Canada (By Application)
  • Mexico (By Application)
• Europe (By Product Type, By Waste Type, By Application, By Country)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Italy (By Application)
  • Rest of Europe
• Asia Pacific (By Product Type, By Waste Type, By Application, By Country)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • South Korea (By Application)
  • Rest of Asia Pacific
• South America (By Product Type, By Waste Type, By Application, By Country)
  • Brazil (By Application)
  • Argentina (By Application)
  • Rest of South America
• Middle East & Africa (By Product Type, By Waste Type, By Application, By Country)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of Middle East & Africa

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

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