Automated Collection Waste System Market Expected to Reach $555.0 Million by 2030-Allied Market Research

According to a new report published by Allied Market Research, titled, “Automated Collection Waste System Market by Type, Operation, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2028,” the global automated waste collection system market size was valued at $252.0 million in 2020, and is projected to reach $555.0 million by 2030, registering a CAGR of 10.7%from 2021 to 2028.

Commonly observed types of automated waste collection system are gravity system and full vacuum system. Among these, the full vacuum system accounted for the largest market size by value in 2020. The market is analyzed with respect to different applications such as airports, hospitals, food market, stadiums, educational institutes and others. The market is mainly driven by development of new infrastructural projects and healthcare facilities where large amount of waste is generated and treated by underground vacuum system. However, the unwillingness of the public to let go of the traditional door-to-door waste collection approach is a restraining factor that is hindering the market growth.

In terms of region, the global automated waste collection system market is analyzed across North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. Due to the adoption of smart waste management solutions in London, Barcelona, Stockholm, and Copenhagen, Europe is expected to hold the highest share of the global automated garbage collection system market. The automated waste collection system market in North America is expected to witness growth at a rapid pace in the forecast period, since the federal governments are investing in cleanliness and development of waste collection systems. In Asia-Pacific, the AWCS is expected to grow due to rapid development of urbanization and high population growth.

For instance, in March 2019, the city of Montreal invested $3 million in a plan to install an automated vacuum collection system in the Quartier des Spectacles entertainment district. In the Middle East, the world’s largest AWCS is being built in the vicinity of Islam’s holiest mosque in Mecca, Saudi Arabia to handle 600 tons of waste each day. 

However, during the pandemic, various manufacturers in the automated waste collection system market had to stop their business in countries such as China, the U.S., and India. In addition, lack of technology also constricted supply of machines of automated waste collection system. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of automated waste collection companies.

The key players profiled in the automated waste collection system market report include AMCS group, Caverion Corporation, Aerbin ApS, MariMatic Oy, Envac Group, Logiwaste AB, AWC Berhad Group, Ros Roca SA, Greenwave Solutions, STREAM environment.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging automated waste collection system market trends and dynamics. 
• Depending on type, the full vacuum waste collection system dominated the automated waste collection system market, in terms of revenue in 2020.
• By application, the others segment registered highest revenue in 2020.
• Asia-Pacific region is projected to register highest growth rate in the coming years.
• The key players within the automated waste collection system market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the automated waste collection system industry.
• The report provides an extensive analysis of the current trends and emerging opportunities of the market. 
• In-depth automated waste collection system analysis is conducted by constructing estimations for the key segments between 2021 and 2030.