India Recycling Equipment Market Size & Outlook, 2023-2030
India recycling equipment market, 2018-2030 (US$M)
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India recycling equipment market highlights
- The India recycling equipment market generated a revenue of USD 1,723.4 million in 2023 and is expected to reach USD 2,641.0 million by 2030.
- The India market is expected to grow at a CAGR of 6.3% 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.
Recycling equipment market data book summary
| Market revenue in 2023 | USD 1,723.4 million |
| Market revenue in 2030 | USD 2,641.0 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Baler press |
| Fastest growing segment | Separators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 6.1% of the global recycling equipment market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China recycling equipment market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,528.5 million by 2030.
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Recycling Equipment Market Scope
Recycling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 23.65% in 2023. Horizon Databook has segmented the India 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.
India is one of the major developing countries in the region. According to the World Bank, the country’s GDP stood at USD 2.87 trillion in 2019. However, the outbreak of COVID-19 in the country has severely impacted its economic growth.
According to the IMF, India’s GDP declined by 7.3% in the financial year 2020–21, however, it is projected to grow by around 9.5% and 8.5% in FY 2021–22 and FY 2022–23, respectively.India has been able to manage the COVID-19 crisis by effectively executing its vaccine program, which has encouraged foreign direct investment.
This is expected to benefit manufacturing, construction, and automotive industries, which are large contributors to metal waste. Steel consumption in manufacturing and construction is also likely to improve and with leading steel companies such as Tata Steel taking efforts toward a circular economy,
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Our clientele includes a mix of recycling equipment market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India recycling equipment market , including forecasts for subscribers. This country databook contains high-level insights into India recycling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India recycling equipment market size, by equipment, 2018-2030 (US$M)
India Recycling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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