Report : Asia Pacific Automated Waste Collection Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Stationary and Mobile), End-user (Airports, Educational Institutions, Hospitals, Corporate Offices, Hotels / Restaurants, and Others).
Stationary segment has the Largest Share of Product Type in the Asia Pacific Automated Waste Collection Systems Market during 2020–2028
According to a new market research study on “Asia Pacific Automated Waste Collection Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, End User and Country” is expected to reach US$ 88.38 million by 2028 from US$ 53.52 million in 2021. The market is estimated to grow at a CAGR of 7.4% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific Automated Waste Collection Systems Market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to government initiatives for proper disposal of waste and rising quantity of waste produced across the regions are the key factors driving the market growth. However, the market is expected to experience slow growth during the forecast period owing to long service life of automated waste collection systems coupled with lack of skilled labours.
The Asia-Pacific automated waste collection systems market is matured in China, South Korea, and South East Asia. These countries have been installing AWCS over the years in order to reduce any harmful effects caused by garbage and enhance respective country’s overall environment. However, the COVID-19 virus outbreak has had paused the adoption of the same temporarily during Q1 and Q2 of 2020. The manufacturers of AWCS had to momentarily shut-down their production plants in order to adhere to the government norms of physical distancing and lockdown. This caused negative impact on the automated waste collection systems market.Since, several Asian AWCS manufacturers procure raw materials from China, the epicenter of COVID-19 virus, the manufacturers experienced significant delay in logistics during Q1 and Q2 of 2020, which led the automated waste collection system manufacturers to postpone their installation plans. This resulted in revenue loss, which ultimately showcased weakened the automated waste collection systems market in the region. However, from Q3 of 2020, scenarios turned positive, as Chinese manufacturing sector begun operating and supply chain disruption normalized, which helped the Chinese as well as other Asian AWCS manufacturers to relatively pace up their production lines and installation activities. This catalyzed the automated waste collection systems market.
The market for Asia Pacific Automated Waste Collection Systems Market is segmented into the product type, end user and country. Based on product type, the Asia Pacific Automated Waste Collection Systems Market is bifurcated into stationary and mobile. On the basis of end user, the market is segmented into airports, educational institutions, hospitals, corporate offices, hotels and restaurants, and others. In 2021, the stationary segment accounted for the largest market share. In stationary waste collection systems, the garbage is directly transported by pipes with the help of air pressure where it is compressed in seal containers. Thus, it is not required to be collected by trucks. Exhausters produce negative pressure in the pipe system, allowing air to flow freely. However the mobile segment is estimated to register the highest CAGR during the forecast period.
ENVAC AB, STREAM ENVIRONMENT, MARIMATIC OY, MEIKO Group, MABAT , EVAC GROUP Among the leading companies in the Asia Pacific automated waste collection systems. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for Asia Pacific automated waste collection systems is segmented into product type, and end user. Based on product type, the Asia Pacific automated waste collection systems is segmented into stationary and mobile. Based on end user, the Asia Pacific automated waste collection systems is segmented airports, educational institutions, hospitals, corporate offices, hotels / restaurants, and others. By Geographically, Asia Pacific automated waste collection systems is segmented into (Australia, China, India, Japan, South Korea, Rest of APAC ).
Asia Pacific Automated Waste Collection Systems Market , By Country, 2021 and 2028 (%)
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com