North America Recycling Equipment Market Size & Outlook
North America recycling equipment market, 2018-2030 (US$M)
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North America recycling equipment market highlights
- The North America recycling equipment market generated a revenue of USD 5,164.6 million in 2023.
- The market is expected to grow at a CAGR of 4.4% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 5,164.6 million |
| Market revenue in 2030 | USD 6,962.9 million |
| Growth rate | 4.4% (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, North America region accounted for 18.4% 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 |
|---|
North America 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 24.94% in 2023. Horizon Databook has segmented the North America 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.
The North American economy is the largest and most influential globally. It is witnessing significant growth owing to the industrial dynamics and commodity abundance in its countries. North America, along with the world, has been severely affected by the ongoing COVID-19 pandemic, resulting in a slowdown of economic activities and industrial sectors including manufacturing and automotive.
Furthermore, factors such as recent shutdowns, supply chain bottlenecks, and the inability to work remotely have contributed to the decline of manufacturing industry. Increasing investments in automotive, construction, and aerospace sectors of the U.S. and Canada are expected to play a crucial role in triggering the demand for recycling equipment over the forecast period.
Mexico was also severely hit by the pandemic, resulting in an 8.5% contraction in 2020, according to the National Institute of Statistics and Geography (INEGI), Mexico. Automobile industry, one of the key industries in Mexico, is among the major contributors to scrap.
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Our clientele includes a mix of recycling equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America recycling equipment market , including forecasts for subscribers. This continent databook contains high-level insights into North America recycling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America recycling equipment market size, by country, 2018-2030 (US$M)
North America Recycling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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