Recycling Robots Market Size to Reach USD 18,748.08 Million in 2031
The recycling robots market size was USD 3670.6 Million in 2023 and is expected to register a revenue CAGR of 22.7% during the forecast period
December 31st, 2024 – Rising demand for waste recycling robots in electronic waste is a major factor driving market revenue growth of global recycle robots market. According to The International Telecommunication Union (ITU), In 2022 alone, 62 million tonnes of e-waste were generated enough to fully load 1.55 million 40-tonne trucks.
Governments, cities, and recycling industries are increasingly adopting recycling robots to solve the rising e-waste problem. Globally, e-waste emergence is rising by 2.6 million tonnes each year and is expected to reach 82 million tonnes in 2030. Labour shortages in the waste recycling business provide a significant potential for the worldwide recycling robots market. According to the International Labour Organisation (ILO), the garbage and recycling business employs around 85 workers per 100,000 people globally.
The integration of artificial intelligence (AI), smart sensors, and machine vision technologies into trash sorting operations is a significant trend driving the growth of the recycling robot market. Leading companies are increasingly collaborating with municipal service providers to automate and improve the efficiency of trash processing.
However, rising upfront expenditures associated with obtaining advanced robotic systems and artificial intelligence (AI)-enabled technologies can have a substantial influence on initial spending, which raises the cost of operation. Additional costs associated with innovative goods and solutions may have an influence on direct costs, as important end-use sectors reduce expenses to increase total profitability.
Key Highlights:
- Standalone solution segment contributed largest revenue share in 2023. Rapid investments in fully automated standalone units to improve efficiency and minimise labour reliance among waste management businesses and municipalities are driving market revenue growth. Standalone systems are extremely scalable and can multitask, allowing for precise trash sorting and efficient operations, making them of great value to recycling companies.
- Software segment is expected to register fastest revenue growth over the forecasted period. Growing demand for advanced software to comply with rigorous environmental standards and enhance sustainability practices in companies is projected to drive global revenue growth. Furthermore, waste management facilities are increasingly using data management systems to help with process management decision-making.
- Municipal segment contributed significant revenue share in 2023. Rising urbanisation leads to increased garbage output, which accelerates market revenue growth. According to the United Nations (UN), 55% of the world’s population currently lives in cities, with this figure anticipated to rise to 68% by 2050. Municipalities throughout the world are increasingly using recycling robots to effectively manage and process tonnes of trash.
- Asia Pacific is expected to register significant revenue growth by 2031. The rapid development in urbanisation is a key factor expected to increase revenue in this region. According to the United Nations (UN), Asia-Pacific is home to around 4.3 billion people, or 60% of the world’s population, and contains China and India, the two most populous countries. Waste emergence is predicted to expand substantially in this region. For example, the Association of Southeast Asian Nations (ASEAN) reports that garbage generation in the Asia Pacific area is expected to grow by 1.1 trillion tonnes by 2030.
- Some major companies in the Recycling Robots Market report are including ABB Ltd., KUKA AG, FANUC Corporation, Amp Robotics, Rep Technology Ltd., Terex Corporation, VerestLabs Inc., Machinex Industries Inc., Greyparrot AI, EverestLabs AI, Waste Robotics Inc., Prairie Robotics, and Glacier Technology, Inc.
- In March 2024, Glacier Technology, Inc., an emerging player in recycling robots’ market, secures USD 7.7 million funding for AI recycling robots. Glacier will utilise the funds to expand its workforce and further develop its AI-powered, low-cost, high-performance robots. These robots are designed to enhance recyclables sorting and provide real-time data on recycling processes, assisting businesses in their efforts to become more environmentally conscious.
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Navistrat Analytics has segmented global recycling robots market based on type, component, application, end-use and region:
- Type Outlook (Revenue, USD Million; 2021-2031)
- Standalone solution
- Conveying and Transport Robots
- Disassembly Robots
- Collaborative Robots
- Others
- Mobile Solutions
- Autonomous mobile robots (AMRs)
- Remotely operated vehicles (ROVs)
- Standalone solution
- Component Outlook (Revenue, USD Million; 2021-2031)
- Hardware
- Sensors
- Control systems
- Mechanical components
- Others
- Software
- Control software
- Vision and Image Processing Software
- Data Management Systems
- Others
- Services
- Installation Services
- Maintenance and Support
- Hardware
- Application Outlook (Revenue, USD Million; 2021-2031)
- Mixed Scrap
- Metals
- Plastics
- E-Waste
- Others
- End-Use Outlook (Revenue, USD Million; 2021-2031)
- Municipal
- Commercial & Industrial (C&I)
- Construction and Demolition (C&D)
- Others
- Regional Outlook (Revenue, USD Million; 2021-2031)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Nordic Countries
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Oceania
- ASEAN Countries
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- GCC Countries
- South Africa
- Israel
- Turkey
- Rest of MEA
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- GCC Countries
- South Africa
- Israel
- Turkey
- Rest of MEA
- North America