USD 225.65 Million
Report ID:
SQMIR20D2248 |
Region:
Regional |
Published Date: February, 2024
Pages:
242
|Tables:
88
|Figures:
65
GCC Waste Sorting Robots Market size was valued at USD 225.65 Million in 2019 and is poised to grow from USD 267.85 Million in 2023 to USD 1055.58 Million by 2031, at a CAGR of 18.7% during the forecast period (2024-2031).
The method of garbage management has proven to be quite effective when using robotic arms. All operations involved in sorting or separating the waste are carried out by the robotic arm. Robotic arm initially determines what kind of waste is present before choosing that rubbish. Following this procedure, it finds the appropriate location for that particular type of waste and deposits it there. The design of the robot for the waste management system allows it to sort 4000 selections per hour, which is more than a human can sort in an hour. Waste is created in large quantities by a variety of organisations, industries, and residential locations.
A successful waste management system must exist throughout all countries in order to dispose of or recycle trash properly given the rising volume of waste in GCC and other countries. This is projected to accelerate the expansion of garbage sorting robots market. Due to pollution worries, sorting plastic materials is becoming more and more popular. The current crisis of plastic waste presents manufacturers with attractive opportunities for plastic sorting, processing, and recycling. To address the growing environmental concerns over trash, the big players are also concentrating on product releases and corporate expansion.
GCC Waste Sorting Robots Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 225.65 Million
Largest Segment
Waste sorting
Fastest Growth
Waste sorting
Growth Rate
18.7% CAGR
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GCC Waste Sorting Robots Market is segmented based on the Waste Sorting Type, Application, and End User. Based on the Waste Sorting Type, the GCC Waste Sorting Robots Market is segmented into Plastic Products Sorting, Metallic Waste Sorting, Wood and Bricks Sorting. Based on the Application, the GCC Waste Sorting Robots Market has been segmented into Waste sorting, Recycling. Based on the end user, the GCC Waste Sorting Robots Market has been segmented into Municipality, Industrial.
GCC Waste Sorting Robots Market Analysis by Waste Sorting Type
Plastic waste sorting waste sorting dominated the market growth in 2021. The accumulation of plastic garbage in recent decades and its serious effects on the local ecology and human health are making it increasingly noticeable. Contrary to organic garbage, plastic can take hundreds or even thousands of years to decompose in the natural environment. Plastic garbage clogs drains, shortens the lifespan of animals when consumed, causes respiratory issues when burned, and contaminates water sources when dumped into canals and oceans.
Metallic Waste Sorting is faster growing segment during the forecast period. Metals can be utilised in industries to make things like vehicles, trucks, trains, ships, and even aeroplanes. The benefit of recycling metal is that it may be done again without losing any of its original qualities.
GCC Waste Sorting Robots Market Analysis by End Users
Municipal waste segment dominated the market in terms of end users in 2021. Urban garbage generation and the resulting requirement for municipal solid waste management will certainly increase demand for the waste sorting robotic sector. In accordance with The World Bank's What a Garbage 2.0 report, 2.02 billion tonnes of solid municipal waste are produced annually, of which 34% are not handled in a way that protects the environment.
Industrial waste is the fastest growth rate during the forecast period. The rise in industrial waste brought on by various end-markets, including as textiles, construction, and manufacturing, is anticipated to boost market expansion.
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Saudi Arabia dominated the market in 2021, mainly due to the high amount of total waste generated The GCC market for the sub-region is driven by quick investments in renewable energy projects. Saudi Arabia put into effect a new law to control all associated activities, including import, export, safe waste disposal, and transportation and segregation. The Royal Decree No. M/48 of 2013's Law on Municipal Solid Waste Management is replaced by this legislation.
UAE is fastest growing region during the forecast period. Dubai will create, produce, install, and commission a fully functional turnkey landfill waste prevention solution. In order to handle garbage sorting for robotics in the region, many nations are implementing the current landfilling tactics to lower the amount of waste that goes to the landfill.
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GCC Waste Sorting Robots Market Driver
Rising waste generation
GCC Waste Sorting Robots Market Restraint
High initial cost of setting up a robotic waste sorting facility
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GCC Waste Sorting Robots Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
GCC Waste Sorting Robots Market Top Player's Company Profiles
GCC Waste Sorting Robots Market Recent Developments
Strict Government Regulations
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our GCC Waste Sorting Robots Market analysis, among region Saudi Arabia is expected to capture higher market share, the growth of the region is attributed to the high amount of total waste generated. In terms of end users, the Municipal waste segment dominates the market. This segment's leading position can be attributed to its Urban garbage generation and the resulting requirement for municipal solid waste management. In terms of Waste Sorting Type, the Plastic waste sorting led the market and is predicted to grow at the fastest rate.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 225.65 Million |
Market size value in 2031 | USD 1055.58 Million |
Growth Rate | 18.7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the GCC Waste Sorting Robots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the GCC Waste Sorting Robots Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the GCC Waste Sorting Robots Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the GCC Waste Sorting Robots Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
GCC Waste Sorting Robots Market size was valued at USD 225.65 Million in 2019 and is poised to grow from USD 267.85 Million in 2023 to USD 1055.58 Million by 2031, at a CAGR of 18.7% during the forecast period (2024-2031).
GCC Waste Sorting Robots Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'AMP Robotics Corp.', 'ABB Ltd.', 'Bollegraaf Recycling Machinery', 'General Kinematics Corporation', 'Clean Robotics, Greyparrot', 'Waste Robotics Inc.', 'Tomra', 'Machinex Industries Inc.', 'Zen Robotics Oy.'
Rising waste generation
Increasing action by the government and other advisory bodies to reduce illegal waste disposal is expected to fuel the growth of the waste disposal market. These regulations on the waste are influenced the used of robotics from waste management.
Saudi Arabia dominated the market in 2021, mainly due to the high amount of total waste generated The GCC market for the sub-region is driven by quick investments in renewable energy projects. Saudi Arabia put into effect a new law to control all associated activities, including import, export, safe waste disposal, and transportation and segregation. The Royal Decree No. M/48 of 2013's Law on Municipal Solid Waste Management is replaced by this legislation.
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Report ID: SQMIR20D2248
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