Saudi Arabia Recycling Equipment Market Size & Outlook
Saudi Arabia recycling equipment market, 2018-2030 (US$M)
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Saudi Arabia recycling equipment market highlights
- The Saudi Arabia recycling equipment market generated a revenue of USD 537.3 million in 2023 and is expected to reach USD 813.8 million by 2030.
- The Saudi Arabia 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.
Recycling equipment market data book summary
| Market revenue in 2023 | USD 537.3 million |
| Market revenue in 2030 | USD 813.8 million |
| Growth rate | 6.1% (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, Saudi Arabia accounted for 1.9% 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 Middle East & Africa, Saudi Arabia recycling equipment market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 813.8 million by 2030.
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Recycling Equipment Market Scope
Recycling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 Saudi Arabia 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, Saudi Arabia's GDP declined by 4.1% in 2020. The government's strict early containment and health mitigation efforts reduced the COVID-19 infections and fatalities to a minimum. The IMF expects the country’s economy to rebound by 2022, at growth rates of 2.1% and 4.8% in 2021 and 2022 respectively, thereby, stabilizing the economy.
According to the Saudi Investment Recycling Company, Saudi Arabia has planned to invest approximately USD 6.4 billion in waste recycling by 2035. Companies have begun collaborating for chemical recycling to convert plastic waste into pyrolysis oil.
For instance, in April 2021, SABIC and Saudi Investment Recycling Company (SIRC) collaborated to set up a chemical recycling plant. The primary process for this requires mechanical recycling which is expected to increase the demand for recycling equipment over the forecast period.
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Target buyers of Saudi Arabia 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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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 Saudi Arabia recycling equipment market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia recycling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia recycling equipment market size, by equipment, 2018-2030 (US$M)
Saudi Arabia Recycling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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