Recycling Equipment Market Segmentation:
Equipment Segment Analysis
The baler press segment in the recycling equipment market is anticipated to generate the highest revenue share of about 30.1% by the end of 2035. The baler press device is being significantly utilized in compressing and binding materials into small, controllable bundles. The baler press is frequently employed by manufacturing plants, recycling centers, and businesses for easier recycling storage and transportation.
Moreover, it has also been used for cleaning waste items in the construction sector. Hence, with the growing amount of waste created by construction activities, the segment is expanding. For instance, in UK, it is estimated close to 60% of the waste is generated by the construction industry. Additionally, by accurately compressing materials into minimal bundles, the baler press reduced the volume of better handling, storing, and transporting. Industries may decrease labor costs through the use of baler presses, which expedite the recycling process and reduce the quantity of material effort needed.
Additionally, the separator segment is also poised to rise during the projected timeframe. The separator is an integral part of recycling machinery that sorts materials based on attributes including density, size, or magnetic susceptibility. By helping in the separation of materials that include paper, plastic, rubber, and metals, the separator enhances safe recycling practices.
Processed Material Segment Analysis
Plastic segment is set to capture over 35.3% recycling equipment market share by 2035. This growth of the segment is poised by the growing demand for electric vehicles. For instance, according to the International Energy Agency, in 2023, about 14 million electric vehicles were sold across the world. Consequently, EV manufacturers are looking forward to incorporating recycled plastics in electric vehicles. For instance, in its upcoming EV vehicles, Kia aims to utilize recovered plastic from a 55-ton haul that was just recovered from the Pacific Ocean. As a result, owing to such efforts the segment is expected to flourish.
Our in-depth analysis of the recycling equipment market includes the following segments:
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Equipment |
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Processed Material |
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