Asia Pacific Recycling Equipment Market Size & Outlook
Asia Pacific recycling equipment market, 2018-2030 (US$M)
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Asia Pacific recycling equipment market highlights
- The Asia Pacific recycling equipment market generated a revenue of USD 11,223.4 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, baler press was the largest revenue generating equipment in 2023.
- Separators is the most lucrative equipment segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 11,223.4 million |
| Market revenue in 2030 | USD 16,953.5 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Baler press |
| Fastest growing segment | Separators |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Baler Press, Shredders, Granulators, Agglomerators, Shears, Separators, Extruders, Other Equipment |
| Key market players worldwide | Canadian Pacific Kansas City Ltd, American Baler Company, Marathon Digital Holdings Inc, Danieli & C. Officine Meccaniche SpA ADR, Metso Corp, Sunny Optical Technology (Group) Co Ltd ADR, Recycling Equipment Manufacturing, General Kinematics, Eldan Recycling, ForRec Srl, BHS-Sonthofen, LEFORT |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.9% of the global recycling equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,953.5 million by 2030.
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Recycling Equipment Market Scope
Recycling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific recycling equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to recycling equipment market will help companies and investors design strategic landscapes.
Baler press was the largest segment with a revenue share of 24.38% in 2023. Horizon Databook has segmented the Asia Pacific recycling equipment market based on baler press, shredders, granulators, agglomerators, shears, separators, extruders, other equipment covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the fastest-growing region in the world, accounting for over two-thirds of the global economic growth. According to a report by the IMF, GDP in Asia Pacific declined by 1.5% in 2020 owing to containment measures and global economic slowdown during the COVID-19 pandemic. The region’s GDP growth is expected to rebound to 7.6% in 2021 and moderating at 5.4% in 2022.
Economic growth in Asia Pacific has increased the demand for improved public infrastructure such as roads, harbors, airports, and rail transportation networks. A substantial increase in mergers & acquisitions, integration activities, and site relocations has boosted industrial development in the region.
Increased industrial construction and infrastructure activities in emerging nations such as India, Vietnam, Thailand, and Malaysia is expected to positively impact the recycling equipment market. Southeast Asian countries such as Malaysia and Vietnam have taken steps to compete with China in the recycling industry.
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Target buyers of Asia Pacific recycling equipment market databook
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Our clientele includes a mix of recycling equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific recycling equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific recycling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific recycling equipment market size, by country, 2018-2030 (US$M)
Asia Pacific Recycling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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