Global Waste Sorting Robots Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Global Waste Sorting Robots Market Introduction

"The Global Waste Sorting Robots Market was estimated to be valued at US$ XX Bn in 2020 and is projected to approximately register а САGR of XX% by 2031."

Waste sorting robots, or waste sorters, are a form of robotics that assist in sorting materials into recycling bins. The robot is designed to recognize different types of material and match it with the appropriate bin. The robot first takes a picture of the item to be sorted and then determines if it is a plastic bottle, metal can, glass jar, or cardboard box. If the item does not match any of those categories, it will place them in an unknown category.

The need for waste sorting Robots is a pressing issue for most cities that have long been unable to accommodate the influx of solid waste they are receiving. The waste sorting robots will be able to sort out the garbage and recycle materials precisely, which is impossible for humans alone. They will also clear up space by recycling 63% of all solid waste materials by weight.

Many different types of technology could be used to develop sorting robots that will automatically separate garbage. One type of machine is a magnetic separator that uses magnets to pull ferrous materials away from non-ferrous materials. Another option is to use pneumatic pressure, which involves blowing air up against the trash in order to push lighter objects like paper and food scraps away from heavier objects like plastic bottles and glass jars.

Nonetheless, various industry players in the global waste sorting robots market are now increasingly focusing on establishing successful collaborations, acquisitions and/or joint ventures as a means to enhance their respective customer bases. Major industry players are also enhancing their supply capabilities to meet the needs of local and global customers. This factor, combined with the industrialization outlook in developing economies, is expected to create substantial business opportunities for key industry players over the forecast period.

Factors that have a positive impact on overall revenue growth

Robots are now being used to handle sorting tasks for waste management. The use of these machines has increased with the demand for more sustainable recycling practices, as it aids in reducing the amount of staff needed to operate sorting plants. The increasing demand for waste sorting robots is largely a result of a growing awareness that sorting trash into different categories can help reduce trash and pollution and save energy by reducing the need for incineration. Garbage sorting machines are most commonly found in recycling plants, where they are used to sort recyclable items out of garbage.

Challenges in the global waste sorting robots market

The high cost and high maintenance of the waste sorting robots limit the market's revenue growth. The price to purchase one of these robots is $150,000. This price does not include the cost of maintenance, which is estimated to be $1000 every year for each robot. This will increase the yearly cost to maintain a fleet of 10 robots to $10,000 per year. If fleets became larger, then the amount would be even higher.

Overall Impact of COVID-19 Pandemic on Waste Sorting Robots Market

The COVID-19 pandemic has immeasurably hit industries around the world. The novel virus has caused unprecedented damage to trade as a whole and the global economy. As the deadly virus continues to rage, it has left multiple industries and economies in a phase of uncertainty and market volatility. It also puts pressure on investments and scheduled plans in various fields.

Against the backdrop of this pandemic, China's damaged manufacturing and production operations have adversely affected global supply chains, throwing the Chinese economy into absolute chaos. These separate shutdowns/lockdowns were designed to slow the spread of the virus but resulted in a collapse in economic output, further triggering financial panic in broad markets; it even led to a reduction in general travel, leisure and social life.

Trade activity slumped sharply in the first half of 2020, causing the global economy to contract by 3%, partially recovering in the second half. There are clear signs of improvement across sectors in many countries as the second wave wanes and vaccination programs increase.

Regional Analysis on Waste Sorting Robots Market

The North American region accounted for a majority revenue share of the waste sorting robot market owing to its high adoption rate and increased investment in infrastructure projects. Many industrial and commercial buildings and infrastructure projects are expected to drive the need for advanced and efficient ways of managing waste. Moreover, the increased adoption of automation coupled with high population growth and an aging population boosts demand for such robots.

Competitive Landscape of Waste Sorting Robots Market

The waste sorting robots market landscape appears highly consolidated, with a major chunk of it being dominated by below players.

• ZenRobotics
• General Kinematics
• Sadako Technologies
• AMP Robotics
• Waste Robotics
• Alpine Waste & Recycling
• Resource Recycling
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered

The Global Waste Sorting Robots Market, By Type

• Polyethylene Products Sorting
• Metallic Waste Sorting
• Cans Sorting
• Bricks Sorting

The Global Waste Sorting Robots Market, By End-Use Industry

• Plastic Industry
• Metals And Minerals Industry
• Food And Beverage Industry
• Wood Industry
• Other End-Use Industries