UK Recycling Equipment Market Size & Outlook, 2023-2030
UK recycling equipment market, 2018-2030 (US$M)
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UK recycling equipment market highlights
- The UK recycling equipment market generated a revenue of USD 1,065.4 million in 2023 and is expected to reach USD 1,473.8 million by 2030.
- The UK market is expected to grow at a CAGR of 4.7% 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 1,065.4 million |
| Market revenue in 2030 | USD 1,473.8 million |
| Growth rate | 4.7% (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, UK accounted for 3.8% 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 |
|---|
UK 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 25.49% in 2023. Horizon Databook has segmented the UK 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 UK is anticipated to witness strong GDP growth of around 6.8% in 2021 and 5% in 2022. This can be attributed to the majority of the population being vaccinated and economic constraints being gradually relaxed.
A favorable legal and regulatory environment, coupled with a coherent industrial strategy, is expected to have a positive impact on the growth of the recycling equipment market in the UK. The UK is still in the process of the EU-UK trade and cooperation arrangements, which may prove disruptive to the country’s growth.
With manufacturing activity in the UK still in its primary stage, the metal recycling equipment market is likely to benefit from heavy activity in the construction sector. According to the Construction Products Association, the output is forecasted to rise by 12.9% in 2021 and 5.2% in 2022.
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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 UK recycling equipment market , including forecasts for subscribers. This country databook contains high-level insights into UK recycling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK recycling equipment market size, by equipment, 2018-2030 (US$M)
UK Recycling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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