Executive Summary

The global resource circulation equipment market is growing steadily, driven by the need for sustainable waste management practices and the growing awareness about the negative impact of waste on the environment. The market is expected to grow at a CAGR of 5.7% from 2021 to 2028. The key drivers of the market include the increasing demand for recycling and waste management, the growing focus on reducing greenhouse gas emissions, and the need for resource efficiency. The market is also driven by the increasing adoption of resource circulation equipment in developing countries.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

The global resource circulation equipment market is driven by several factors, including the increasing demand for recycling and waste management, the growing focus on reducing greenhouse gas emissions, and the need for resource efficiency. The market is also driven by the increasing adoption of resource circulation equipment in developing countries. However, the market is also facing several challenges, including the high cost of resource circulation equipment, the lack of awareness about the benefits of resource circulation, and the lack of infrastructure for waste management in developing countries.

Market Drivers

1. Increasing Demand for Recycling and Waste Management: The increasing demand for recycling and waste management is one of the key drivers of the global resource circulation equipment market. Governments and industries around the world are recognizing the importance of sustainable waste management practices, which has led to an increase in the adoption of resource circulation equipment.
2. Growing Focus on Reducing Greenhouse Gas Emissions: The growing focus on reducing greenhouse gas emissions is also driving the global resource circulation equipment market. Resource circulation equipment is used to reduce the amount of waste sent to landfills, which reduces greenhouse gas emissions.
3. Need for Resource Efficiency: The need for resource efficiency is another key driver of the global resource circulation equipment market. Resource circulation equipment is used to recover valuable materials from waste, which can be reused in various applications, reducing the need for virgin materials.

Market Restraints

1. High Cost of Resource Circulation Equipment: The high cost of resource circulation equipment is one of the key restraints of the global resource circulation equipment market. The cost of resource circulation equipment can be a significant barrier to adoption, especially in developing countries.
2. Lack of Awareness about the Benefits of Resource Circulation: The lack of awareness about the benefits of resource circulation is also a significant restraint of the global resource circulation equipment market. Many industries and governments are still not aware of the benefits of resource circulation, which has led to a slower adoption rate.
3. Lack of Infrastructure for Waste Management in Developing Countries: The lack of infrastructure for waste management in developing countries is another key restraint of the global resource circulation equipment market. Developing countries often lack the infrastructure necessary for effective waste management, which can limit the adoption of resource circulation equipment.

Market Opportunities

1. Increasing Adoption of Resource Circulation Equipment in Developing Countries: The increasing adoption of resource circulation equipment in developing countries presents a significant opportunity for the global resource circulation equipment market. Developing countries are increasingly recognizing the importance of sustainable waste management practices, which has led to an increase in the adoption of resource circulation equipment.
2. Growing Demand for Electronic Waste Recycling: The growing demand for electronic waste recycling is also an opportunity for the global resource circulation equipment market. The increasing use of electronic devices has led to a significant increase in electronic waste, which can be recycled using resource circulation equipment.
3. Growing Demand for Plastic Waste Recycling: The growing demand for plastic waste recycling is also an opportunity for the global resource circulation equipment market. Plastic waste is a significant environmental concern, and recycling it using resource circulation equipment can help reduce the negative impact of plastic waste on the environment.

Market Dynamics

The global resource circulation equipment market is characterized by intense competition among players. The market is dominated by a few major players, but there are also several smaller players operating in the market. The market is also characterized by constant innovation, with players investing heavily in research and development to develop new and advanced resource circulation equipment.

Regional Analysis

The global resource circulation equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is the largest market for resource circulation equipment, followed by North America and Europe. The market in Asia Pacific is driven by the increasing adoption of resource circulation equipment in developing countries, such as China and India.

Competitive Landscape

Leading companies in the Global Resource Circulation Equipment market:

1. ANDRITZ AG
2. Metso Outotec Corporation
3. TOMRA Systems ASA
4. Tetronics International Ltd.
5. BHS-Sonthofen GmbH
6. REDWAVE (BT-Wolfgang Binder GmbH)
7. Sesotec GmbH
8. Ecohog Ltd.
9. UNTHA shredding technology GmbH
10. Vecoplan AG

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The global resource circulation equipment market is segmented based on equipment type, end-use industry, and region. By equipment type, the market is segmented into shredders, balers, crushers, and granulators. By end-use industry, the market is segmented into construction, automotive, electronics, and others.

Category-wise Insights

1. Shredders: Shredders are the most widely used equipment in the global resource circulation equipment market. They are used to shred various types of waste, including electronic waste, plastic waste, and municipal waste.
2. Balers: Balers are used to compress waste into compact bales, which are easier to transport and store. They are widely used in the construction industry, where large amounts of waste are generated.
3. Crushers: Crushers are used to crush waste materials into smaller pieces, which can then be processed further. They are widely used in the automotive industry, where they are used to crush cars and other vehicles for recycling.
4. Granulators: Granulators are used to grind waste materials into small particles, which can then be processed further. They are widely used in the electronics industry, where they are used to recover valuable metals from electronic waste.

Key Benefits for Industry Participants and Stakeholders

1. Reduced Environmental Impact: Resource circulation equipment helps reduce the environmental impact of waste by recycling and recovering valuable materials.
2. Increased Resource Efficiency: Resource circulation equipment helps increase resource efficiency by recovering valuable materials from waste, reducing the need for virgin materials.
3. Cost Savings: Resource circulation equipment can help reduce waste disposal costs, which can lead to significant cost savings for industries.

SWOT Analysis

1. Strengths: The global resource circulation equipment market is driven by several strengths, including the increasing demand for recycling and waste management, the growing focus on reducing greenhouse gas emissions, and the need for resource efficiency

2. Weaknesses: The global resource circulation equipment market also has several weaknesses, including the high cost of resource circulation equipment, the lack of awareness about the benefits of resource circulation, and the lack of infrastructure for waste management in developing countries.
3. Opportunities: The global resource circulation equipment market presents several opportunities, including the increasing adoption of resource circulation equipment in developing countries, the growing demand for electronic waste recycling, and the growing demand for plastic waste recycling.
4. Threats: The global resource circulation equipment market is also facing several threats, including the increasing competition among players, the volatility of raw material prices, and the impact of the COVID-19 pandemic.

Market Key Trends

1. Increasing Focus on Circular Economy: The global resource circulation equipment market is witnessing an increasing focus on the circular economy. The circular economy is an economic model that aims to minimize waste and maximize the use of resources.
2. Growing Demand for Automation: The global resource circulation equipment market is also witnessing a growing demand for automation. Automation can help increase the efficiency and accuracy of resource circulation equipment.
3. Increasing Adoption of Internet of Things (IoT) in Resource Circulation Equipment: The increasing adoption of IoT in resource circulation equipment is another key trend in the global market. IoT can help improve the efficiency of resource circulation equipment by providing real-time data and analytics.

Covid-19 Impact

The COVID-19 pandemic has had a significant impact on the global resource circulation equipment market. The pandemic has led to a slowdown in economic activity, which has affected the demand for resource circulation equipment. However, the pandemic has also highlighted the importance of sustainable waste management practices, which has led to an increased awareness of the benefits of resource circulation equipment.

Key Industry Developments

1. Metso Corporation announced the launch of a new waste shredder, the M&J FineShred 1550, in 2021. The shredder is designed to shred various types of waste, including municipal waste, commercial waste, and industrial waste.
2. The Weir Group PLC announced the acquisition of ESCO Corporation, a global provider of wear parts and attachments for the mining, construction, and industrial sectors, in 2018. The acquisition is expected to strengthen The Weir Group’s position in the resource circulation equipment market.

Analyst Suggestions

1. Increase Awareness about the Benefits of Resource Circulation: Analysts suggest that increasing awareness about the benefits of resource circulation is essential to drive the adoption of resource circulation equipment.
2. Develop Low-cost Resource Circulation Equipment: Analysts suggest that developing low-cost resource circulation equipment can help overcome the high cost barrier to adoption, especially in developing countries.

Future Outlook

The global resource circulation equipment market is expected to continue growing over the next few years. The market is driven by the increasing demand for sustainable waste management practices and the growing awareness about the negative impact of waste on the environment. The market is also expected to benefit from the increasing adoption of resource circulation equipment in developing countries and the growing demand for electronic and plastic waste recycling.

Conclusion

The global resource circulation equipment market is growing steadily, driven by the increasing demand for sustainable waste management practices and the growing awareness about the negative impact of waste on the environment. The market is expected to continue growing over the next few years, driven by the increasing adoption of resource circulation equipment in developing countries and the growing demand for electronic and plastic waste recycling. However, the market is also facing several challenges, including the high cost of resource circulation equipment, the lack of awareness about the benefits of resource circulation, and the lack of infrastructure for waste management in developing countries. Analysts suggest that increasing awareness about the benefits of resource circulation and developing low-cost resource circulation equipment can help overcome these challenges and drive the growth of the global resource circulation equipment market.