Global Recycling Robots Market Size, Share | Global Forecast 2031 | Segmentation By Type, By Component, By Application, By End-Use and By Region


Posted October 1, 2024 by navistratanalytics

The recycling robots market size was USD 3.67 Billion in 2023 and is expected to register a revenue CAGR of 22.7% during the forecast period
 
Market overview

September 27, 2024 - The global market for recycled robots is experiencing significant growth, largely fueled by the rising demand for recycle sorting robots in e-waste recycling. According to the United Nations Institute for Training and Research (UNITAR), 62 million tonnes of e-waste were produced in 2022, marking an 82% increase since 2010, with a forecasts to increase to 82 million tonnes by 2030.
This growing volume of electronic waste is driving municipalities and industries globally to invest in recycling robots to improve the efficiency of solid waste sorting. According to the World Bank, the global waste will hit 3.4 billion tonnes by 2050, more than doubling the population growth during the same period. This factor is expected to accelerate market revenue growth over the forecast period.
Advancements in technology, such as in artificial intelligence (AI) and machine learning (ML), are generating new opportunities for the recycling robots market. For instance, in February 2024, Caglia Environmental collaborated with EverestLabs to deploy an AI-guided robot specifically designed for sorting polyethylene terephthalate (PET), highlighting the industry's move towards automation and efficiency.
However, the substantial initial investment needed for high-quality robotic systems, AI technology, and necessary infrastructure could present challenges, particularly for smaller businesses with tighter budgets. The complexity of these advanced systems may also result in higher maintenance and repair costs, further straining financial resources. These factors are expected to hinder the growth of the market over the forecast period.

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Regional overview and growth insights

Waste reduction mandates and compliance requirements in North America are significantly driving revenue growth in the recycled robots market. Governments and regulatory bodies across the region are implementing stricter policies aimed at reducing landfill use, minimizing waste, and promoting sustainable recycling practices. For instance, the U.S. Environmental Protection Agency (EPA) has introduced stringent regulations that compel companies to meet specific recycling targets and reduce waste production. Non-compliance with these regulations can result in heavy fines and legal penalties, incentivizing businesses to invest in advanced waste management technologies like recycling robots.
Segments overview and growth Insights
The hardware segment accounted for the largest market share in 2023. Hardware components are critical to the performance of robotic systems in the recycling robots market. Key elements such as sensors, actuators, and machine vision systems are vital for ensuring accurate and efficient waste sorting and processing.
List of major players included in the global recycling robots market report are
o ABB Ltd.
o KUKA AG
o FANUC Corporation
o Rep Technology Ltd.
o Terex Corporation
o VerestLabs Inc.
o Amp Robotics
o Machinex Industries Inc.
o Greyparrot AI
o EverestLabs.AI
o Waste Robotics Inc.
o Prairie Robotics
o Glacier Technology, Inc.
o Other companies

Major strategic developments by leading competitors
• Terex Corporation: On April 2024, Terex Corporation introduced ZenRobotics 4.0. This latest generation of waste-sorting robots is equipped with advanced features and upgraded Artificial Intelligence (AI) capabilities, aimed at optimizing and increasing the efficiency of waste management operations.
• Glacier Technology, Inc.: On March 2024, Glacier Technology secured USD 7.7 million in funding to support the development of its AI-driven recycling robots. The investment will enable Glacier to expand its workforce and enhance its cost-effective, high-performance robots, which are designed to improve sorting accuracy and provide real-time data on recycling streams. This innovation supports businesses in advancing their sustainability efforts.

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Detailed segmentation of global recycled robots will be provided by type, component, application, end-use, and region :

• Type Outlook (Revenue, USD Billion; 2021-2031)
o Standalone solution
a. Conveying and Transport Robots
b. Disassembly Robots
c. Collaborative Robots
d. Others
o Mobile Solutions
a. Autonomous mobile robots (AMRs)
b. Remotely operated vehicles (ROVs)

• Component Outlook (Revenue, USD Billion; 2021-2031)
o Hardware
a. Sensors
b. Control systems
c. Mechanical components
d. Others
o Software
a. Control software
b. Vision and Image Processing Software
c. Data Management Systems
d. Others
o Services
a. Installation Services
b. Maintenance and Support

• Application Outlook (Revenue, USD Billion; 2021-2031)
o Commercial & Industrial (C&I) Waste Recycling
o Construction and Demolition (C&D) Waste Recycling
o E-Waste Recycling
o Plastics Recycling
o Metals Recycling
o Mixed Scrap Recycling
o Others

• End-Use Outlook (Revenue, USD Billion; 2021-2031)
o Municipal Waste Recycling
o Industrial Waste Recycling
o Commercial and Retail Waste Recycling
o Others

• Regional Outlook (Revenue, USD Billion; 2021-2031)
o North America
a. U.S.
b. Canada
c. Mexico
o Europe
a. Germany
b. France
c. U.K.
d. Italy
e. Spain
f. Benelux
g. Rest of Europe
o Asia Pacific
a. China
b. India
c. Japan
d. South Korea
e. Rest of APAC
o Latin America
a. Brazil
b. Rest of LATAM
o Middle East & Africa
a. Saudi Arabia
b. UAE
c. South Africa
d. Turkey
e. Rest of MEA

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Issued By Ethan Wells
Country United States
Categories Advertising , Blogging
Tags market research , market size , market forecasting , competitive landscape , market segmentation , recycling robots market growth , ewaste recycling demand , aidriven recycling solutions
Last Updated October 1, 2024