17-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Material Handling Equipment For Recycling Business Market By Product Type (Telehandlers, Wheel Loaders, Material Handlers, Forklifts, Articulated Loaders, Skid Steer, and Others), and By Application (Metal Recycling Application, Plastic Recycling Application, Paper Recycling Application, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global material handling equipment for recycling business market in 2019 was above USD 2,800 million. The market is expected to grow above a CAGR of 8.7% and is anticipated to reach over USD 4,800 Million by 2026.
Material handling equipment includes tools, vehicles, accessories that are used for the storing, controlling and consumption of the material in the process of manufacturing, warehousing, distribution of the martial. Material handling equipment is also used for waste handling or recycling of material. Material handling equipment is used in various applications such as handling the scarps in scraps recycling. The waste material is anything; it may be plastic, paper or metal. For the recycling of material needs material handling equipment such as wheel loader, huge cranes, etc.
Browse the full “Material Handling Equipment For Recycling Business Market By Product Type (Telehandlers, Wheel Loaders, Material Handlers, Forklifts, Articulated Loaders, Skid Steer, and Others), and By Application (Metal Recycling Application, Plastic Recycling Application, Paper Recycling Application, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/material-handling-equipment-for-recycling-business-market-by-1205
Consistent rise in industrial and manufacturing waste is driving the material handling equipment market. Material handling is crucial intermediately in the recycling sector. It provides efficiency in handling, managing, storing and transporting of goods. Adoption of the handling material in recycling business such as in food and beverages industry, packaging industry is driving the market growth. Moreover, government initiative to expand the manufacturing facility globally may drive the market in the forecast period.
Furthermore, increasing demand for automation in manufacturing industry, and warehouses is also driving the market. Growing adoption of innovative technologies in material handling is also driving the market. However, high cost of the equipment may restraints the market growth. Due to the high cost not every recycling facility can afford the equipment and they operate with manual labors. Thus, switching and integration cost of the material handling equipment may hamper the market growth.
Adoption of advanced technologies in material handling equipment across the developed and developing countries are creating lucrative opportunities in the market. The increasing demand for automation in material handling, along with increasing number of industries across the globe may create opportunities in the market. Moreover, supporting governmental policies to curb environmental depreciation from hazardous waste are projected to opening of numerous recycling facilities around the world. Growing awareness about the environmental concerns coupled with the increasing consumption of product is expected to open new opportunities in the market during the forthcoming years.
By product type, the market is divided into telehandlers, wheel loaders, material handlers, forklifts, articulated loaders, skid steer, and others. Among these, the forklift category held the market with a share of more than 30% in 2019 owing to the use of forklifts in many industries.
On the basis of application analysis, the market is classified into metal recycling, plastic recycling, paper recycling, and others. In this, the metal recycling category led the market in 2019. It was accounted for a share of above 40% of the global market.
By geography, North America dominated the market in 2019, and it is expected to grow over forecast period attributed to adoption of the new technologies in this region.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 2,800 million |
Projected Market Size in 2026 |
USD 4,800 Million |
CAGR Growth Rate |
8.7% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Toyota, Hyster-Yale, MERLO, DIECI, Linde, JCB, AGNI, JUNGHENRICH, Liebherr, Manitou, Terex, Konecranes, Haulotte, Doosan Corporation Industrial Vehicle, CAT, Case, and Others. |
Key Segment |
By Product Type, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Liebherr, Manitou, Linde, JCB, MERLO, DIECI, AGNI, JUNGHENRICH, Terex, Konecranes, Haulotte, Toyota, Hyster-Yale, Doosan Corporation Industrial Vehicle, CAT, Case, and Others.
This report segments the material handling equipment for recycling business market as follows:
By Product Type Segmentation Analysis
- Telehandlers
- Wheel Loaders
- Material Handlers
- Forklifts
- Articulated Loaders
- Skid Steer
- Others
By Application Segmentation Analysis
- Metal Recycling Application
- Plastic Recycling Application
- Paper Recycling Application
- Others
By Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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