Impact analysis of COVID-19 on SAARC Waste Handling Equipment Market Outlook 2027
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Product Code:
RP-ID-10325860 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
112 -
Category:
Industrial Automation & Equipment -
Publisher:
Pub-ID-9
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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SAARC Waste Handling Equipment Market Analysis – 2018-2027
Waste handling equipment, such as loaders, feeders, dumper trucks, compactors, cart lifters and others are used in the waste collection service to facilitate dumping, clearing, hauling, shredding and transferring of waste conveniently. The SAARC waste handling equipment market is anticipated to achieve a CAGR of 7.36% during the forecast period, i.e. 2020-2027. Factors such as increasing municipal and industrial waste, along with the stringent government regulations in SAARC nations, such as India, Bangladesh, Sri Lanka and others are anticipated to contribute towards the growth of the SAARC waste handling equipment market. Additionally, factors such as increasing concern for the poor ranking in the environmental performance of nations in SAARC region due to the increasing industrial waste, medical waste and poor waste management in these nations, which is raising the opportunity for the deployment of smart waste management technologies, is anticipated to drive the growth of the SAARC waste handling equipment market.
The SAARC waste handling equipment market consists of various segments that are segmented by equipment type and by application. The application segment is further sub-divided into construction, commercial, municipal, chemical, medical, e-waste and others. Out of these segments, the construction waste segment held the value of USD 525.2 million in the year 2018 and is anticipated to cross a value of USD 944.3 million by the end of 2027 by registering a CAGR of 6.95% during the forecast period. On the other hand, the e-waste segment is anticipated to grow with the largest CAGR of 8.73% during the forecast period.
Some of the affluent industry leaders in the SAARC waste handling equipment market are Konecranes, TPS Infrastructure Limited, ARCAT Inc., Quality Enviro Engineers Pvt. Ltd., Shanghai QiZheng Machinery Equipment Co., Ltd., Genesis Waste Handling Private Limited and Beston (HENAN) Machinery Co. Ltd.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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Konecranes, TPS Infrastructure Limited, ARCAT Inc., Quality Enviro Engineers Pvt. Ltd., Shanghai QiZheng Machinery Equipment Co., Ltd., Genesis Waste Handling Private Limited and Beston (HENAN) Machinery Co. Ltd.