Rockville, Feb. 03, 2023 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the Europe trash machines market is estimated at US$ 1.4 Billion in 2022 and is expected to expand at a CAGR of 5.6% during the forecast years of 2023-2033.
Stringent rules and regulations enacted by the European government to use recyclable products such as paper, metals, and many more coupled with the growing everyday waste generation, boost the demand for trash machines across Europe over the forecast period.
Additionally, it is projected that limited landfill space and preventing it from burning in landfills, as it releases toxic gas, the demand for trash machines to reuse waste or recycle it to bolster the demand for the trash machines.
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Key Takeaways from Market Study
- The Europe trash machines market is expected to be valued at US$ 2.5 billion by 2033 expanding at a CAGR of 5.6%
- The market witnessed a 3.4% CAGR for the period of 2018-2022
- The mechanism, segment dominates the market and is expected to grow at a CAGR of 5.7% during the projected period.
- Germany dominated the market with a market share of 25.0% in 2023
- France and Nordic demands for trash machines are expected to increase at CAGRs of 6.2 % and 5.2%, respectively during the forecast period.
“Government Initiatives Coupled with Advancement in Trash Machines Technology to Spur the Market’s Growth Outlook,” says a Fact.MR analyst.
Market Development
Manufacturers are focusing on the development of technologically advanced machinery to speed up the process and process more waste for better performance. Further, players are focusing on providing a wide range of equipment that is required during the waste management process. Long-term trade relationships with suppliers and distributors to bolster the sales of the market.
Key Questions Covered in the Europe trash machines market Report
- What is the projected value of the Europe trash machines market in 2023?
- At what rate will the global Europe trash machines market grow until 2033?
- Which are the factors hampering the growth in the Europe trash machines market?
- Which region is expected to lead in the global Europe trash machines market during 2023 to 2033?
- Which are the factors driving the Europe trash machines market during the forecast period?
- What is the expected market value of the Europe trash machines market during the forecast period?
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Market Key Stratagems
Prominent trash machines manufacturers are GENIUS MACHINERY CO., LTD, Vecoplan LLC., FOR REC S.P.A. P.IVA, Next Generation Recyclingmaschinen GmbH, LIDEM, Plastics Machinery Group International Ltd., POLYSTAR MACHINERY CO., LTD., Boston Matthews, ZENO, Lyndex Recycling Systems Limited
Manufacturers are concentrating on creating high-tech equipment to accelerate the process and increase their waste processing capacity to cater to the growing demand. Players are also concentrating on offering a variety of equipment that is necessary throughout the waste management process. Manufacturers ties with well-established distributors and suppliers to increase trash machine sales.
Fact.MR has provided detailed information about the price points of key manufacturers of trash machines positioned across countries, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Key Companies Profiled
- GENIUS MACHINERY CO., LTD
- Vecoplan LLC.
- FOR REC S.P.A. P.IVA
- Next Generation Recyclingmaschinen GmbH
- LIDEM
- Plastics Machinery Group International Ltd.
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Segmentation of Trash Machines Industry Research
- By Mechanism :
- Automatic
- Semi-Automatic
- By Processed Material :
- Metal
- Plastic
- Construction Waste
- Paper
- Rubber
- Others
- By Machine Type :
- Shredders
- Extrusion
- Grinder
- Mixer
- Sorting
- Washing
- Others
- By Countries :
- Germany
- France
- UK
- BENELUX
- NORDIC
- Italy
- Spain
- Rest of Europea
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the Europe trash machines market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of mechanism (automatic, semi-automatic), processed material (metal, plastic, construction waste, paper, rubber, others), and machine type (shredders, shredders, grinder, mixer, sorting, washing, others) and across major region of Europe (Germany, France, UK, BENELUX, NORDIC, Italy, Spain, Rest of Europe).
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