In this Recycling Machine Market research, Fact.MR has added data tables and historical analysis of the parent’s market including charts and graphs to understand the market in detail. With the inclusion of highlights of primary and secondary market drivers, market share, leading segments, and geographical analysis, researchers have tried to keep it more informative and proficient. The macro-environment analysis presented in this research is based on the use of business tools such as SWOT and Value chain analysis. The analysis of external business factors helps companies to design new business tactics and aid in competitive advantage.
Based on Fact.MR, Europe recycling machine market is estimated at US$ 810.6 million in 2023 and is expected to expand at a CAGR of 5.3% during the forecast years of 2023-2033. The government and NGO initiatives to supplement the market’s growth over the forecast period across Europe.
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Recycling is gaining traction, tons of waste are now being recycled on a daily basis, and respective authorities are establishing requires infrastructure and purchasing machinery to speed up the task and focus on maximum recycling of waste. Paper, plastic, food, clothes, and construction material, all are undergoing recycling, small to large machinery setups are installed at waste management sites and at some local spaces to collect waste or old clothes to recycle them completely and prevent them from entering landfills or food chains and safeguard the environment.
Germany and UK are investing in R&D to develop innovative solutions to reduce waste generation and also investing in waste management, to maintain a circular economy. Automotive, construction, aerospace, and others are generating demand for recycled materials as they are cost-effective in nature and their utilization can create a greater positive impact on the environment as well. Such measures and efforts at both individual and mass levels fuel the sales of recycling machines.
Market Development Strategies
Prominent Market players in the recycling machine market include FOR REC S.P.A. P.IVA, Next Generation Recyclingmaschinen GmbH, LIDEM, Ken Mills Engineering Ltd, and Metal Recycling Machines, among others.
Manufacturers in the market focus on being awarded the contract of installing and maintaining recycling machines at various places across the region, by the government or NGOs.
Further, after-sales services and customization curve the demand pool and enable market players to gain high-profit margins. Digitalization and introduction of advancing technology for the development of the novel product to bolster revenue growth over the projection period.
Top Key Players of Industry
- FOR REC S.P.A. P.IVA
- Next Generation Recyclingmaschinen GmbH
- Ken Mills Engineering Ltd
- Metal Recycling Machines
Key Takeaways from Market Study
- The market witnessed a 1% CAGR for the period of 2018-2022
- Europe recycling machine market is projected to expand at a CAGR of 3% and be valued at US$ 1.3 billion by 2033
- Germany to dominate the market with a 0% market share in 2023.
- The UK is estimated to grow at a CAGR of 0% over the projection period from 2023-2033
- Market players operating in the recycling machine market are Ken Mills Engineering Ltd, Metal Recycling Machines, Bronneberg, Zato, and STOKKERMILL, among others
“Growing Textile and Metal Waste Ending Up in Landfills to Gear Up the Demand for the Recycling Machines to Manage Waste and Maintain Circular Economy,”