USD 2.03 Billion
Report ID:
SQMIG45A2289 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
88
|Figures:
76
Global Waste Sorting Robots Market size was valued at USD 2.03 Billion in 2022 and is poised to grow from USD 2.43 Billion in 2023 to USD 10.18 Billion by 2031, growing at a CAGR of 19.6% in the forecast period (2024-2031).
The integration of humans and robots for efficient garbage sorting is one of the key developments of the market expected to positively impact the industry during the forecast period. Robots are more accurate and efficient but accurately using robots alone is also a difficult task. Therefore, manufacturers are developing new methods to improve waste sorting accuracy. A gaming company has created a game where robots and humans can work together to maximize waste management accuracy and efficiency.
The software already has several functions for humans and robots, including workers using a touchscreen to control products coming through a conveyor belt. With the help of the software, the robots can achieve a pick rate of 2,500 picks per hour, which exceeds the recycling rate. The combination of humans and robots will help in sorting the waste more efficiently and effectively and will drive the adoption of this combination by the end-user industries, which will drive the growth of the market during the forecast period.
Global Market Size
USD 2.03 Billion
Largest Segment
Plastic Products Sorting
Fastest Growth
Metallic Waste Sorting
Growth Rate
19.6% CAGR
To get more reports on the above market click here to Buy The Report
Global waste sorting robots' market is segmented based on the Waste Sorting Type, Application, and End User. Based on the waste sorting type, the market is segmented into plastic products sorting, metallic waste sorting, wood and bricks sorting. Based on the application, the global waste sorting robots' market has been segmented into waste sorting and recycling. Based on the end user, the global waste sorting robots' market has been segmented into municipality, industrial. Based on regions, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Analysis by Application
The plastic products sorting segment dominated the market, with about 42% market share in 2023. The dramatic increase in the use of plastics in various industries has led to a significant rise in plastic waste generation The diverse array of plastic types, colors and sizes make manual picking of plastics challenging, which makes robotic garbage collection a good solution The economic benefits of recycled plastics further encourage the use of robotic garbage collection. These robots also solve labor quantity issues associated with manual plastic sorting and help reduce the reliance on manual labor in waste management facilities.
Metallic waste sorting is the fastest growing segment in the market. Bottles, including aluminum and steel bottles, make up a large portion of municipal solid waste (MSW) generated worldwide. Consumption of packaged beverages and canned foods continues to increase the number of bottles in the trash, thus requiring more efficient sorting strategies. Aluminum and steel bottles are great recyclables. Recycling these bottles reduces energy consumption and greenhouse gas emissions compared to renewable energy sources. Thus, more emphasis has been placed on packaging and recycling to maximize resource availability and reduce environmental footprint.
Analysis by End-Use
The municipal waste segment dominated the market in terms of end-users by 2021. The production of municipal waste and the consequent need to manage municipal solid waste will undoubtedly increase the demand for robotic garbage sorters. According to The World Bank’s What a Garbage 2.0 report, 2.02 billion tonnes of municipal solid waste is generated annually, of which 34% is not controlled to protect the environment.
Industrial waste is the fastest growing category during the forecast period. Growth in industrial waste generated by end markets such as textiles, construction and manufacturing are expected to fuel the market expansion. Industrial wastes include many materials from construction, manufacturing, demolition, and other industrial activities. This waste typically consists of various materials including plastic, metal, wood, glass and various packaging materials. The volume and variety of industrial waste makes efficient waste sorting difficult without robots and other automated solutions.
Industrial waste can be heterogeneous and complex, with recyclable and non-recyclable materials of different sizes, shapes and compositions. Manual industrial waste management is labor intensive, time consuming and error prone. Equipped with advanced sensors, artificial intelligence and robotic arms, garbage collection robots offer an efficient and accurate solution for sorting out industrial waste.
To get detailed analysis on other segments, Request For Free Sample Report
North America is the dominant segment in the market due to the increasing use of environmentally damaging products. After gathering data from major robot vendors, Resource Recycling estimates that about 80 robots in operation or purchased in the United States and Canada sort recyclables, trash, plastics, scrap electronics and construction and demolition of homes and businesses. The region is expected to account for more than 42% of the global market share during the forecast period.
Within APAC, China is the leading manufacturer of robotic garbage collectors. China recycles a significant portion of the world’s waste. But in April 2019, China imposed strict limits on pollution, requiring the burial of anything above 0.5 percent. This necessitates the introduction of robots at waste disposal sites. Countries such as Japan, Singapore and Australia-NZ are leading the way in implementing robotic waste pickers, but India and other Southeast Asian countries are still in the process of adoption.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Increased Focus on Recycling and Waste Management
Labor Shortages and Cost Savings
Restraints
Size of Initial Investment
Complex Integration
Request Free Customization of this report to help us to meet your business objectives.
The competitive environment of the Global Waste Sorting Robots Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The popularity of plastic packaging is growing exponentially, due to concerns about pollution. Plastic waste is a major issue then, offering producers exciting opportunities to sort, process and recycle. In addition, key players such as ABB Ltd. and AMP Robotics are focused on product introductions and business expansion to address the growing environmental concerns related to waste.
Increasing actions by the government and other advisory bodies to reduce illegal dumping of waste are expected to boost the market. This waste management regulation is influenced by the consumption of robots' role from waste management. The automation of robotic garbage collection systems raises concerns about job displacement in the garbage industry. Resistance from trade unions and communities that rely on waste sorting can slow the adoption of this technology.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.03 Billion |
Market size value in 2031 | USD 10.18 Billion |
Growth Rate | 19.6% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
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 |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
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 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 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 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 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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45A2289
sales@skyquestt.com
USA +1 351-333-4748