NEW YORK, Nov. 8, 2021 /PRNewswire/ — The waste sorting robots market size is expected to increase by 2009 units from 2019 to 2024, registering a CAGR of about 7%, according to the latest research report from Technavio. The waste sorting robots market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.
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Market Drivers
The market is driven by the use of robots for ensuring safety in the processes across various end-user industries. Robots with advanced machine learning technology aids in cost-cutting for end-users by minimizing labor costs and injury-related insurance costs. In addition, with the rise in population and demand for goods and services, industries are focusing on enhancing production efficiency, which, in turn, has boosted the deployment of waste sorting robots across the globe.
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Market Segmentation
The waste sorting robots market is segmented by End-user and Geography. The plastic industry will witness considerable growth and account for the largest end-user segment share of this market during the forecast period. In terms of geography, 42% of the growth will originate from North America with the US emerging as the key revenue-generating economy of this region. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
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Market Scope
The waste sorting robots market covers the following areas:
Waste Sorting Robots Market Sizing
Waste Sorting Robots Market Forecast
Waste Sorting Robots Market Analysis
Companies Mentioned
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Waste Sorting Robots Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
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Market growth 2020-2024 |
2009 units |
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Market structure |
Concentrated |
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YoY growth (%) |
3.79 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 42% |
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Key consumer countries |
US, UK, China, Japan, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
ABB Ltd., AMP Robotics Corp., Bollegraaf Recycling Machinery BV, Bulk Handling Systems , HOMAG Group AG, Machinex Industries Inc., SADAKO TECHNOLOGIES SL, Tomra Systems ASA, Waste Robotics Inc., and ZenRobotics Oy |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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