Waste collection is an important aspect of waste management, but rates differ a lot based on income levels, with upper-middle- and high-income countries having almost universal waste collection. Different types of waste produced in the world include food waste, glass and green, paper and cardboard, rubber and leather, wood, plastic, and so on. Thus, the rising global waste production is influencing the adoption of technologically advanced solutions such as automatic waste collection systems to collect the waste and manage it for ensuring safety and environmental hygiene of the population.
The European region comprise of significant number of automated waste collection system manufacturers. Several countries in the region including Russia, Germany, Spain, Italy, and UK are among the worst-hit countries by the COVID-19 virus. The imposition of lockdown for a longer period of time has led the manufacturers to experience severe downfall in the production volumes of respective AWCS. This resulted in decline in revenue generation during Q2 and Q3 of 2020 among the manufacturers, which ultimately hampered the automated waste collection systems market in the region. Nonetheless, several AWCS manufacturers secured contracts for their products from various countries across the region as well as internationally. For instance, MariMatic, one of the leading AWCS manufacturer, based in Finland, secured contracts from Saudi Arabia, Amsterdam, and Stockholm for development, installation, and maintenance of the AWCS systems. Several other European automated waste collection systems market players also secured local as well as international contracts in Q3 and Q4 of 2020. This helped the manufacturers to gain revenues, which facilitated the automated waste collection systems market to grow in 2020.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe automated waste collection systems market. The Europe automated waste collection systems market is expected to grow at a good CAGR during the forecast period.
Europe Automated Waste Collection Systems Revenue and Forecast to 2028(US$ Million)
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 103.11 Million |
| Market Size by 2028 | US$ 150.18 Million |
| CAGR (2021 - 2028) | 5.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
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Regions and Countries Covered
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| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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The Europe Automated Waste Collection Systems Market is valued at US$ 103.11 Million in 2021, it is projected to reach US$ 150.18 Million by 2028.
As per our report Europe Automated Waste Collection Systems Market, the market size is valued at US$ 103.11 Million in 2021, projecting it to reach US$ 150.18 Million by 2028. This translates to a CAGR of approximately 5.5% during the forecast period.
The Europe Automated Waste Collection Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Automated Waste Collection Systems Market report:
The Europe Automated Waste Collection Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Automated Waste Collection Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Automated Waste Collection Systems Market value chain can benefit from the information contained in a comprehensive market report.
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