Global Resource Circulation Equipment Market – Industry Analysis and Forecast (2019-2026)
Global Resource Circulation Equipment Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of around XX % during a forecast period.
Growth of global recycling industry has helped in emerging the overall market for resource circulating equipment. Moreover, rising environmental concerns, mainly in developed countries and emphasis on achieving sustainable development in developing markets such as India and China, are anticipated to fuel the demand for RCE.
The global market for resource circulation equipment experienced a decline in demand because of the global economic slowdown in 2009. However, demand increased since 2010 because of the steady growth of major end user industries following the recovery of global economy. Recycling activities in electrical & electronics, construction, and plastic & polymers industries accounted for more than half of the total market revenue in 2012.
Moreover, increasing consciousness regarding energy creation from waste is anticipated to spur demand over the next six years. The high initial investment cost is anticipated to remain a key challenge for market participants. The investment cost structure for resource circulation equipment comprises capital, operational and maintenance costs.
In addition to being the leading application segment, electrical and electronics are anticipated to be the fastest rising market for RCE at an estimated CAGR of XX % from 2018 to 2026. The need for recycling of electronics waste is anticipated to be a key factor for the growth of electrical & electronics segment in the market.
Electrical & electronics was followed by construction at 16.24% of total market revenue in 2013. Recycling activities such as tire recycling and waste tire processing are anticipated to thrust the growth of resource circulation equipment in the automotive industry. Rising preference towards RCE because of the scarcity of landfill sites is anticipated to drive the growth of the market in the construction segment.
Geographically, North America emerged as the biggest regional market for RCE and accounted for 40.1 % of total market revenue in 2013. Increasing demand for usage of recycled materials with increasing industrial and electronic waste is anticipated to drive the market in this region.
North American and European markets for RCE are governed by stringent environmental regulations which in turn are projected to remain a key driving factor for the market in these regions. North America was followed by Asia Pacific with 34 % of total market revenue in 2013.
Increasing recycling activities in China and India because of rising governmental interventions are anticipated to drive the resource circulation equipment market in Asia Pacific. Asia Pacific is projected to be the fastest-growing region for resource circulation equipment market at an estimated CAGR of XX % from 2018 to 2026.
The fundamental purpose of this resource circulation equipment market report is to deliver a correct and strategic analysis of the industry. Resource circulation equipment industry research report offers a deep perception into the industry parameters by reaching the market growth, the future market trends, and the variation of the different demand for the forecast year 2025. In resource circulation equipment market research report, isolated from the trends, the driving forces, restraints, and opportunities have also been taken into consideration to determine the resource circulation equipment market’s future.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global resource circulation equipment market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global resource circulation equipment market.
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Scope of Global Resource Circulation Equipment Market
Global Resource Circulation Equipment Market, By Application
• Electrical and electronics
• Plastic and Polymer
• Oil and Gas
• Others (Agriculture, medical etc.)
Global Resource Circulation Equipment Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Resource Circulation Equipment Market
• Kawasaki Heavy Industries Ltd.
• Vecoplan AG
• Foster Wheeler
• Wolf Material Handling Systems
• ThermoSelect SA
• Komptech GmBH
• ECO Green Equipment
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