Middle East & Africa Recycling Equipment Market Size & Outlook
Middle East & Africa recycling equipment market, 2018-2030 (US$M)
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MEA recycling equipment market highlights
- The MEA recycling equipment market generated a revenue of USD 1,735.8 million in 2023.
- The market is expected to grow at a CAGR of 5.6% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,735.8 million |
| Market revenue in 2030 | USD 2,547.5 million |
| Growth rate | 5.6% (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, MEA region accounted for 6.2% 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 |
|---|
Middle East & Africa 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 24.57% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
According to the IMF, the GDP of the Middle East is projected to witness growth at the rate of 4% in 2021. Factors such as vaccine rollout, improvement in oil pricing, and financial stimulus packages by governments are responsible for boosting the GDP growth.
Favorable policies are anticipated to have a major role in attracting FDIs to the construction sector. The African Development Bank Group forecasted a 3.4% growth in the African economy in 2021. Infrastructure, mining, and oil & gas are some of the key sectors promoting growth of the African economy.
Increasing construction activities in the Middle East coupled with new oil & gas projects are anticipated to boost the construction sector growth. Furthermore, increasing investments in aircraft manufacturing, textile machines, and fabricated metal goods are expected to boost the growth of manufacturing industry in the region.
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Target buyers of Middle East & Africa 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa recycling equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa recycling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA recycling equipment market size, by country, 2018-2030 (US$M)
Middle East & Africa Recycling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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