The global market size for Waste Sorting Robots is set to reach USD 12.26 billion by 2024, increasing at a CAGR of 16.52 percent over the forecast period of 2019 - 2024.
What are Waste Sorting Robots?
Waste sorting robots are robotic systems that replace traditional disposal sorting methods. Such robots are independent and smart for the applications used in industries. Modern technology can help increase the rate of recycling and dissuade useful resources from waste disposal. Waste is processed by a robotic arm that identifies, selects and locates it individually employing a sensor array. Robotics has a huge advantage in improving the process of further recycling and cost reduction for the effective implementation of waste management policies. A two-armed robot could carry out around 4,000 choices per hour, demonstrating the capacity of human labor. The robot can segregate 3000 to 6000 materials in an hour at an accuracy of 98%.
Drivers, Challenges & Opportunities for Waste Sorting Robots:
Collection of wastage from different sources and finding reusable techniques is a major factor propelling the demand of the market. Robots complete the task in very little time and increase the productivity of a particular industry to the extent and this factor is also driving the growth of the waste sorting robot market. Growing support from the government through investments in these systems is accelerating the demand of the market. Also, a rise in the awareness of waste management procedures is prompting the growth rate of the market eventually.
However, the cost for installation and maintenance of the equipment requires huge amounts which are practically very tough for the small-scale industries. This is largely restraining the demand of the market. The dearth of skilled technicians in resolving the issues in real-time applications is quietly hindering the growth of the market. Stringent rules and regulations by the government in approving new launches is a challenging thing for the market developers. Lack of standardization may impede the growth rate of the waste sorting robot market.
Increasing knowledge over artificial intelligence and also approval from higher authorities for the launch of new devices that are accurate and risk-free is anticipated to provide growth opportunities for the market. The rising population and increasing composition of garbage across the world are elevating the demand of the market. Robots can perform different tasks in sorting waste. The most effective work it does is to separate metals, papers, plastic, textiles, and biodegradables from the overall wastage collected which is directly ascribed to outshine the demand of the market due to this performance. Furthermore, the market is fueled by the growing demand for recycled products that do not harm the environment and are likely to propel the growth of the market.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
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Market Size Available |
2018 – 2024 |
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Base Year |
2018 |
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Forecast Period |
2019 - 2024 |
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Segments Covered |
By Waste, End-User, Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
ZenRobotics, Sadako Technologies, AMP Robotics, Waste Robotics, Alpine Waste & Recycling and Resource Recycling, Bollegraaf, HOMAG, TOMRA, Pellenc ST, RES Polyflow and Optisort |
This market research report on Global Waste Sorting Robots Market has been segmented and sub-segmented into the following categories and analyzed market size and forecast until 2024.
Waste Sorting Robots Market - By Waste
Based on the waste type, the organic waste segment is holding the highest shares of the market. Growing concern towards the environment to reduce greenhouse effects is primarily fueling the demand of the market. Additionally, rising demand for the simple and convenient to sort the wastage materials and decreasing the availability of workers is leveraging the growth of the market.
Waste Sorting Robots Market - By End User
Based on end-user, the recycling industry is leading with the highest shares of the market. The rise in the funds from private organizations on end-user industries is gearing up the growth of the market to the extent. The metals and minerals industry are to grow at a faster rate in foreseen years which helps enhance the production of plastics and other products.
Waste Sorting Robots Market - By Region
The Waste Sorting Robots Market Report includes the segmentation of Regions with their respective Countries.
North America Waste Sorting Robots Market includes U.S, Canada
Europe Waste Sorting Robots Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe
Asia Pacific Waste Sorting Robots Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC
Latin America Waste Sorting Robots Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM
Middle East & Africa Waste Sorting Robots Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA
Regionally, the market is held by North America due to the quick adoption of advanced technologies and also growing studies on robotics. Besides, the rise in the capital income in both developed and developing countries is spurring the demand of the market. Europe is following North America in holding the highest shares of the market with the increasing government initiatives on creating awareness among people over the disposing of waste inappropriate process. The Asia Pacific is growing tremendously from recent years and is also to continue the same flow in the near future. A rise in the concern for manufacturing recycled products with wastage collected from the garbage is boosting up the demand of the market. Also, acquiring knowledge on the benefits of installing the robots for sorting is magnifying the growth of the waste sorting robot market.
Recent Developments
ZenRobotics is the first company to launch a robot for sorting wastage and is fully equipped with artificial intelligence, computer vision and machine learning in 2011. Apple Inc., recently announced its installation of robots in California and Netherlands to disassemble iPhones.
Top Companies in the Market
Some of the key players in the waste sorting robots market are ZenRobotics, Sadako Technologies, AMP Robotics, Waste Robotics, Alpine Waste & Recycling, and Resource Recycling, Bollegraaf, HOMAG, TOMRA, Pellenc ST, RES Polyflow and Optisort among others.
Key Questions Answered by the Report?
What are the regional growth trends and the largest revenue-generating regions for the waste sorting robots?
Which are the key regions that are projected to witness significant growth in the waste sorting robots?
What are the key factors affecting market dynamics?
What are some of the significant challenges and restraints that the industry faces?
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Waste Sorting Robots Market
