Spain Recycling Equipment Market Size & Outlook, 2023-2030
Spain recycling equipment market, 2018-2030 (US$M)
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Spain recycling equipment market highlights
- The Spain recycling equipment market generated a revenue of USD 996.9 million in 2023 and is expected to reach USD 1,336.2 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.3% 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 996.9 million |
| Market revenue in 2030 | USD 1,336.2 million |
| Growth rate | 4.3% (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, Spain accounted for 3.5% 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 Europe, Germany recycling equipment market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,315.6 million by 2030.
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Recycling Equipment Market Scope
Recycling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 25.4% in 2023. Horizon Databook has segmented the Spain 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 World Bank, the country’s GDP stood at USD 1.39 trillion in 2019. However, the country’s economic growth is expected to be negatively impacted due to the COVID-19 outbreak. According to an economic forecast published by the IMF in October 2021, the country’s GDP is expected to grow by 5.7% in 2021 and 6.4% in 2022, after experiencing a steep decline in 2020 of 10.8%.
With the EU's Recovery and Resilience Facility (RRF) grants amounting to USD 82.7 billion, investments in urban and long-distance mobility are expected to increase, which is likely to increase the demand for recycled metal.
Several industries were affected with the solid commercial sector bearing the brunt of the economic impact due to a drop in tourism. Significant public and private investments in infrastructure, residential, and renewable energy initiatives are likely to benefit the growth of the recycling equipment market.
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Target buyers of Spain 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 country-level data and insights on the Spain recycling equipment market , including forecasts for subscribers. This country databook contains high-level insights into Spain recycling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain recycling equipment market size, by equipment, 2018-2030 (US$M)
Spain Recycling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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