Waste Collection Equipment Market | Contrive Datum Insights

Global Waste Collection Equipment Market size was valued at USD 48.20 million in 2022 and is projected to reach USD 74.41 million by 2030, growing at a CAGR of 4.4% from 2023 to 2030.

Waste Collection Equipment Market Overview:

The waste collection equipment market refers to the segment of the industrial and environmental equipment industry that focuses on the design, manufacturing, distribution, and maintenance of specialized machinery and equipment used for the collection, transportation, and handling of various types of waste materials.

This waste collection equipment are essential tools in waste management processes, helping to efficiently and safely gather waste from residential, commercial, industrial, and municipal sources for proper disposal, recycling, or treatment.

The waste collection equipment market encompasses a wide range of products designed to handle different types of waste, including solid waste, recyclables, hazardous materials, organic waste, and more. This equipment play a crucial role in maintaining clean and sustainable environments by enabling effective waste removal and contributing to pollution reduction, resource recovery, and overall public health.

The waste collection equipment market is a market that comprises the sale of waste collection equipment, such as refuse collection vehicles, waste compactors, waste balers, and other equipment.

Recent reports:

In Jan 2023, LRS, among the nation's leading independent waste, recycling and portable services providers, has acquired Michigan-based Michiana Recycling & Disposal and Modern Waste Systems. Strategic and expansive, these integrated platform acquisitions bring three state-of-the- art waste and recycling transfer facilities along with dense collections base across 100,000 residential, 9,000 commercials and 25 municipal-based customers covering the greater Michigan and Indiana region.

Major Market Segments Covered in waste collection equipment market Research:

Market Key Players:

• Newell Brands
• Waste Management
• Recology
• Republic Services
• Suez
• TOMRA Sorting Solutions
• Ebara Corporation
• Nilfisk-Advance

Key Vendors:

Newell Brands: Newell Brands is an American multinational corporation that manufactures a wide range of products, including waste collection equipment. The company's waste collection equipment portfolio includes refuse collection vehicles, waste compactors, waste balers, and other equipment. Newell Brands is a leading supplier of waste collection equipment to the municipal, commercial, and industrial sectors.

Waste Management: Waste Management is an American multinational corporation that provides waste collection and disposal services. The company's waste collection equipment portfolio includes refuse collection vehicles, waste compactors, waste balers, and other equipment. Waste Management is a leading supplier of waste collection equipment to the municipal sector.

Recology: Recology is a waste management company based in San Francisco, California. The company's waste collection equipment portfolio includes refuse collection vehicles, waste compactors, waste balers, and other equipment. Recology is a leading supplier of waste collection equipment to the commercial and industrial sectors.

Republic Services: Republic Services is an American multinational corporation that provides waste collection and disposal services. The company's waste collection equipment portfolio includes refuse collection vehicles, waste compactors, waste balers, and other equipment. Republic Services is a leading supplier of waste collection equipment to the municipal and commercial sectors.

Suez: Suez is a French multinational corporation that provides water, waste management, and energy services. The company's waste collection equipment portfolio includes refuse collection vehicles, waste compactors, waste balers, and other equipment. Suez is a leading supplier of waste collection equipment to the municipal and commercial sectors.

Based on Types:

• Refuse collection vehicles
• Waste compactors
• Waste balers
• Other equipment

Refuse collection vehicles: Refuse collection vehicles are the most common type of waste collection equipment. They are used to collect waste from residential and commercial areas. Refuse collection vehicles come in a variety of sizes, from small trucks to large garbage trucks.
Waste compactors: Waste compactors are used to reduce the volume of waste. This makes it easier and more efficient to transport and dispose of waste. Waste compactors come in a variety of sizes, from small tabletop models to large industrial models.
Waste balers: Waste balers are used to compress waste into bales. This makes it easier to transport and store waste. Waste balers come in a variety of sizes, from small desktop models to large industrial models.
Other equipment: Other types of waste collection equipment include:
Waste containers: Waste containers are used to store waste before it is collected. Waste containers come in a variety of sizes and materials, including plastic, metal, and concrete.
Waste carts: Waste carts are used by residents to collect their own waste. Waste carts come in a variety of sizes and materials, including plastic, metal, and composite materials.
Waste handling equipment: Waste handling equipment is used to move waste around, such as loading and unloading waste containers and compactors. Waste handling equipment includes forklifts, cranes, and conveyor belts.

Based on Applications:

• Municipal
• Commercial
• Industrial
  

Municipal: Municipal waste collection equipment is used to collect waste from residential and commercial areas. This includes collecting waste from streets, sidewalks, and alleyways.
Commercial: Commercial waste collection equipment is used to collect waste from businesses and institutions. This includes collecting waste from offices, restaurants, and hospitals.
Industrial: Industrial waste collection equipment is used to collect waste from factories and other industrial facilities. This includes collecting waste from hazardous materials and recyclable materials.

Based on Regions:     

North America: North America is the largest market for waste collection equipment, accounting for the majority of the market share. This is due to the high population and urbanization in the region, which is leading to the generation of more waste.

Europe: Europe is the second-largest market for waste collection equipment. This is due to the increasing awareness about the importance of waste management in the region.

Asia Pacific: Asia Pacific is the third-largest market for waste collection equipment. This is due to the growing population and urbanization in the region, which is leading to the generation of more waste.

Latin America: Latin America is the fourth-largest market for waste collection equipment. This is due to the increasing economic development in the region, which is leading to the generation of more waste.

Middle East & Africa: Middle East & Africa is the smallest market for waste collection equipment. However, the market is expected to grow at a faster rate than other regions in the coming years.

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Significant Market Dynamics:

Dynamics

• Increasing demand for waste collection services: The growing population and urbanization are leading to the generation of more waste, which is driving the demand for waste collection services.
• Technological advancements: Technological advancements in waste collection equipment, such as the development of automated waste collection vehicles, are driving the growth of the market.
• Government regulations: Governments in many countries are introducing regulations to promote the use of waste collection equipment, which is driving the growth of the market.

Restraints

• High cost of waste collection equipment: The high cost of waste collection equipment is a major challenge for the market.
• Lack of awareness about waste collection equipment: There is a lack of awareness about waste collection equipment in many developing countries, which is a challenge for the market.
• Competition from other waste disposal methods: There is competition from other waste disposal methods, such as incineration and landfilling, which is a challenge for the market.

Drivers

• Increasing demand for waste collection services: The growing population and urbanization are leading to the generation of more waste, which is driving the demand for waste collection services.
• Technological advancements: Technological advancements in waste collection equipment, such as the development of automated waste collection vehicles, are driving the growth of the market.
• Government regulations: Governments in many countries are introducing regulations to promote the use of waste collection equipment, which is driving the growth of the market.

Trends

• The rise of automated waste collection: Automated waste collection is a growing trend in the waste collection equipment market. Automated waste collection vehicles can collect waste more efficiently and effectively than traditional methods, and they can also help to reduce the environmental impact of waste collection.
• The development of new waste collection technologies: There are a number of new waste collection technologies being developed, such as waste-to-energy technologies and waste-to-fertilizer technologies. These technologies have the potential to revolutionize the waste collection industry, and they could create new opportunities for waste collection equipment manufacturers.
• The increasing focus on environmental sustainability: The growing focus on environmental sustainability is driving the demand for waste collection equipment that is more environmentally friendly. Manufacturers of waste collection equipment are responding to this demand by developing more environmentally friendly products.

Challenges

• High cost of waste collection equipment: The high cost of waste collection equipment is a major challenge for the market. This is especially true in developing countries, where the cost of waste collection equipment can be prohibitive.
• Lack of awareness about waste collection equipment: There is a lack of awareness about waste collection equipment in many developing countries. This is a challenge because it prevents people from understanding the benefits of using waste collection equipment.
• Competition from other waste disposal methods: There is competition from other waste disposal methods, such as incineration and landfilling. These methods are often cheaper than waste collection, which can make it difficult for waste collection equipment manufacturers to compete.

Opportunities

• The growing demand for waste collection services: The growing demand for waste collection services is an opportunity for waste collection equipment manufacturers. By developing innovative and efficient waste collection equipment, manufacturers can meet the growing demand for waste collection services.
• The development of new waste collection technologies: The development of new waste collection technologies is an opportunity for waste collection equipment manufacturers. By developing products that utilize these new technologies, manufacturers can stay ahead of the competition and capture a larger share of the market.
• The increasing focus on environmental sustainability: The increasing focus on environmental sustainability is an opportunity for waste collection equipment manufacturers. By developing more environmentally friendly products, manufacturers can meet the growing demand for sustainable waste collection solutions.

Scope of Reports:

Conclusion:

The waste collection equipment market encompasses a wide range of machinery, vehicles, and systems designed to facilitate the efficient and safe collection, transportation, and handling of various types of waste materials. This market plays a critical role in waste management and environmental sustainability efforts by providing tools and technologies that streamline waste collection processes, reduce pollution, promote recycling, and ensure proper disposal.