According to the report, The global material handling equipment for recycling business market in 2019 was above USD 2,800 million. The market is expected to grow above a CAGR of 8.7% and is anticipated to reach over USD 4,800 Million by 2026.
Material handling equipment includes tools, vehicles, accessories that are used for the storing, controlling and consumption of the material in the process of manufacturing, warehousing, distribution of the martial. Material handling equipment is also used for waste handling or recycling of material. Material handling equipment is used in various applications such as handling the scarps in scraps recycling. The waste material is anything; it may be plastic, paper or metal. For the recycling of material needs material handling equipment such as wheel loader, huge cranes, etc.
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The material handling equipment is widely used in manufacturing industry, warehouses, for the consumption, distribution and controlling of the material. It is also used for recycling process to minimize the environmental impact, to make the work place safe and to improve the production economics. The material handling equipment includes automated and semi-automated machines. It also includes manual machines. The material handling process is used for the sorting and protection of material in warehousing, manufacturing, consumption distribution, and disposable process.
The material handling equipment for recycling business market is segmented based on product type and application. On the basis of product type segmentation, the market is classified into Telehandlers, Wheel Loaders, Material Handlers, Forklifts, Articulated Loaders, Skid Steer, and Others. And on the basis of application, the market is bifurcated into Metal Recycling Application, Plastic Recycling Application, Paper Recycling Application, and Others.
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Some of the essential players operating in the material handling equipment for recycling business market, but not restricted to include Toyota, Hyster-Yale, MERLO, DIECI, Linde, JCB, AGNI, JUNGHENRICH, Liebherr, Manitou, Terex, Konecranes, Haulotte, Doosan Corporation Industrial Vehicle, CAT, Case, and Others.
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