Hazardous Waste Handling Automation Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.54 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Hazardous Waste Handling Automation Market Analysis
The hazardous waste handling automation market was valued at USD 24.95 billion in 2020 and is expected to reach USD 40.79 billion by 2026, at a CAGR of 8.54% over the forecast period 2021 - 2026, the stringent governmental and industrial regulation toward the safety of people from the hazardous waste is expected to drive the growth of the market.
- The hazardous waste consists of the materials that are generated on a day-to-day basis by people, power plants, and manufacturing companies. The use of such automation solutions for handling waste improves the process efficiency and reduces the reliability of manual intervention as it can be dangerous to the human body. Hence, the concerns about the proper handling of these harmful substances can be eliminated. This factor drives the market's growth.
- Hazardous waste poses an enormous threat to public health. It has to be treated, recycled and disposed of effectively, so as to prevent environmental pollution. the growing awareness has brought the government's attention toward setting up rules that can help in effective tackling of these wastes.
- The automation solutions also help in controlling the expenditure toward healthcare treatment caused by the after-effects of these hazardous wastes on population.
- the growth in awareness and the changing environmental conditions are expected to drive the global hazardous waste handling automation market.
Hazardous Waste Handling Automation Market Trends
This section covers the major market trends shaping the Hazardous Waste Handling Automation Market according to our research experts:
Manufacturing Sector to Witness High Growth
- The manufacturing industry is one of the major segments that produce waste globally. A large portion of these wastes is hazardous, due to the presence of chemical substances.
- Waste products from the manufacturing industries, such as paints, oils, batteries, strong acids and bases, reactive substances, and other ignitable wastes should be disposed of with special care. the improper disposal of these wastes impacts the environment to a great extent, and ultimately, human beings. This aforementioned concern is a major factor driving the market ahead.
- Therefore, with the increasing amount of waste from the production and manufacturing sector is driving the market's growth.
- In order to avoid the direct contact of human with these hazardous waste, the need for automation increased drastically. By deploying these automation solutions, the concerns of proper handling can be reduced and process efficacy can be improved.
- Manual handling of these hazardous materials can be minimized, which can reduce the handling costs by providing a safer workplace and reduced environmental impact.
- As the revenue for the treatment and disposal of hazardous waste is increasing, it gives an opportunity for the vendors to increase their revenues. By implementing automation solutions, efficiency can be increased, which can lead to better profit margins. These aforementioned factors are driving the market forward.
North America Occupies the Largest Market share
- North America dominated the global hazardous waste handling automation market during the forecast period due to the increasing adoption of automation in the waste management process.
- The latest technological breakthroughs in the region have assisted the advancement of new hazardous waste handling automation products that can make the overall processes more efficient and can significantly improve accuracy in various applications.
- The region is witnessing series of new product launches, as well as mergers and acquisitions in the market, as every player wants to utilize the opportunity. The major drivers behind the investments in the market are the continuous evolution and application of new technologies to unlock enormous volumes that were previously considered non-commercial.
- With these series of investments, the hazardous waste handling automation market in North America is set to boom during the forecast period.
Hazardous Waste Handling Automation Industry Overview
The hazardous waste handling automation market is highly competitivewith the presence of many players. The market is moderately concentrated with the key strategies adopted by the major players, such as mergers and acquisitions, product advancement, etc.. Some of the players in the market areTerex MHPS GmbH,Konecranes PLC,Hiab, and Pallmann, among others.
- April 2019 -Terex Corporation announced that it sold its boom truck, truck crane, and crossover product lines to Load King, a subsidiary of Custom Truck One Source LP.Included in the transaction were the assets and parts business associated with these product lines
- February 2019 -Terex Corporation sold its DemagMobile Cranes business to Tadano Ltdfor an enterprise value of approximately USD 215 million. The DemagMobile Cranes business manufactures and sells all terrain cranes and large crawler cranes.
Hazardous Waste Handling Automation Market Leaders
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Terex MHPS GmbH
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Konecranes PLC
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Hiab
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Pallmann
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Hosokawa Micron Powder Systems
*Disclaimer: Major Players sorted in no particular order
Hazardous Waste Handling Automation Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Introduction to Market Drivers and Restraints
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4.3 Market Drivers
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4.3.1 Government and Industry Regulations
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4.3.2 Growing Concern About the Waste Management
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4.4 Market Restraints
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4.4.1 The Market has Reached Stagnant Position in Several Developed Countries
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4.5 Value Chain Analysis
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4.6 Industry Attractiveness - Porter's Five Force Analysis
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4.6.1 Threat of New Entrants
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4.6.2 Bargaining Power of Buyers/Consumers
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4.6.3 Bargaining Power of Suppliers
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4.6.4 Threat of Substitute Products
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4.6.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Manipulator Arms
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5.1.2 Telescoping Masts
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5.1.3 Cranes
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5.1.4 Trusses
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5.1.5 Size Reduction Systems
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5.1.6 Other Products
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5.2 By Type of Waste
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5.2.1 Listed Wastes
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5.2.2 Characteristic Waste
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5.2.3 Universal Wastes
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5.2.4 Mixed Wastes
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5.3 By End-user Industry
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5.3.1 Manufacturing
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5.3.2 Chemical
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5.3.3 Energy
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5.3.4 Consumer Care
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5.3.5 Government
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5.3.6 Other End-user Industries
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5.4 Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.2 Europe
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5.4.2.1 United Kingdom
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5.4.2.2 Germany
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5.4.2.3 France
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5.4.2.4 Rest of Europe
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5.4.3 Asia-Pacific
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5.4.3.1 China
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5.4.3.2 India
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5.4.3.3 Japan
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5.4.3.4 Rest of Asia-Pacific
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5.4.4 Latin America
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5.4.4.1 Brazil
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5.4.4.2 Mexico
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5.4.4.3 Rest of Latin America
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5.4.5 Middle East & Africa
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5.4.5.1 United Arab Emirates
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5.4.5.2 Saudi Arabia
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5.4.5.3 South Africa
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5.4.5.4 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 PaR Systems Inc.
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6.1.2 Konecranes PLC
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6.1.3 DX Engineering
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6.1.4 Floatograph Technologies
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6.1.5 Pallmann
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6.1.6 Hosokawa Micron Powder Systems
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6.1.7 ACE Inc.
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6.1.8 Terex MHPS GmbH
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6.1.9 Hiab
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6.1.10 PENZ crane
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- *List Not Exhaustive
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7. INVESTMENT ANALYSIS
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Hazardous Waste Handling Automation Industry Segmentation
Hazardous waste management is the collection, disposal, and the treatment of harmful materials. If improperly handled, it can cause substantial harm to human health and the environment. Some of these wastes can be handled manually, while some may require expertise and automation solutions to minimize human contact with the waste.
| By Product | |
| Manipulator Arms | |
| Telescoping Masts | |
| Cranes | |
| Trusses | |
| Size Reduction Systems | |
| Other Products |
| By Type of Waste | |
| Listed Wastes | |
| Characteristic Waste | |
| Universal Wastes | |
| Mixed Wastes |
| By End-user Industry | |
| Manufacturing | |
| Chemical | |
| Energy | |
| Consumer Care | |
| Government | |
| Other End-user Industries |
| Geography | ||||||
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Hazardous Waste Handling Automation Market Research FAQs
What is the current Hazardous Waste Handling Automation Market size?
The Hazardous Waste Handling Automation Market is projected to register a CAGR of 8.54% during the forecast period (2024-2029)
Who are the key players in Hazardous Waste Handling Automation Market?
Terex MHPS GmbH, Konecranes PLC, Hiab, Pallmann and Hosokawa Micron Powder Systems are the major companies operating in the Hazardous Waste Handling Automation Market.
Which is the fastest growing region in Hazardous Waste Handling Automation Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Hazardous Waste Handling Automation Market?
In 2024, the North America accounts for the largest market share in Hazardous Waste Handling Automation Market.
What years does this Hazardous Waste Handling Automation Market cover?
The report covers the Hazardous Waste Handling Automation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hazardous Waste Handling Automation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Hazardous Waste Handling Automation Industry Report
Statistics for the 2024 Hazardous Waste Handling Automation market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Hazardous Waste Handling Automation analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
