Europe Trash Compactor Market
Europe Trash Compactor Market Size, Share Analysis, By Power Source (Battery, Diesel, Petrol), By Mechanism (Automatic, Semi-Automatic, Hydraulic), By Type (Stationary, Self-Contained compactor, Vertical Compactor), By End-use & Country - Market Insights 2023 to 2033
Analysis of Europe Trash Compactor Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Europe Trash Compactor Market Outlook (2023-2033)
The Europe trash compactor market is set to enjoy a valuation of US$ 308.9 million in 2023 and further expand at a CAGR of 3.2% to reach US$ 421.6 million by the end of 2033.
Trash compactors avoid a significant amount of labor and reduce the holding time which is generally involved with waste management. Strong growth in industrial and commercial waste tends to fuel the demand for trash compactors.
Report Attributes |
Details |
Market Size (2022A) |
US$ 304.5 Million |
Estimated Market Value (2023E) |
US$ 308.9 Million |
Forecasted Market Value (2033F) |
US$ 421.6 Million |
Europe Market Growth Rate (2023-2033) |
3.2% CAGR |
Germany Market Share (2023) |
~25.0% |
Germany Market Growth Rate (2023-2033) |
~3.6% CAGR |
France Market Growth Rate (2023-2033) |
~3.8% CAGR |
UK Market Growth Rate (2023-2033) |
~2.0% |
Key Companies Profiled |
|
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Sales Analysis of Trash Compactors’ Market
A trash compactor has mainly three components, a trash container, a motor, and a flat steel press. The hydraulic system normally powers the motor which exerts pressure and minimizes heat output and lowers energy loss. The steel press is lowered with enormous force onto the rubbish and trash during the compaction process after it has been placed in the container.
Several forms of trash compactors are available on the market such as auger compactors, bag compactors, chute-fed compactors, portable trash compactors, pre-crusher compactors, and others. Every type of business whether it is small or large produces some form of waste that need to be removed and dumped. So growing waste generation fuels the need for trash compactors as it compresses waste and creates space for more.
- Short Term (2023 to 2026): Growing demand from large restaurant chains or hotels to augment the market’s growth.
- Medium Term (2027-2029): Countries such as UK and France create a high demand for the market in order to manage waste effectively, as trash compactor plays a crucial role.
- Long Term (2030-2033): Advancement in technology and product innovation to augment the market’s growth in the long run.
Over the 2018-2022 historical period, the Europe trash compactor market registered a CAGR of 2.1%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 3.2% CAGR between 2023 and 2033.
Market share analysis of trash compactor based on mechanism and country is provided in a nutshell in the above image. Under the mechanism segment, the semi-automatic sub-segment dominates with a 67.0% market share in 2023.
“Increasing concern regarding the size and amount of waste materials, dumped into landfills increases the demand for trash compactor”
The utilization of trash compactors increases from US$ 308.9 million in 2023 to US$ 421.6 million by 2033 with an average CAGR of 3.2%.
With the growing population, the production of waste is also increasing and it is a never-ending process. Due to this, tonnes of waste are produced on a daily basis.
Furthermore, large industries generate a huge amount of industrial waste which needs to be processed before incineration or dumping into landfills or other sites. Industrial waste includes scrap metals, trash, weed grass, wood, garbage dirt, concrete, and others, which are harmful to the environment. Thus, the introduction of a trash compactor is a crucial step toward the protection of the environment, as it prevents the random scattering of waste by compressing it and providing space for further waste disposal.
Moreover, waste management is the primary factor for every household and the implementation of a trash compactor is the ultimate solution for managing waste.
“Advancement in technology and urbanization increases demand for the trash compactors.”
Industrialization leads to the generation of waste which is inevitable and if it is not managed effectively then it became a threat to humans as well as the environment. Trash compactors handle waste efficiently as they compress the waste and create space for more. They avoid scattering waste and related issues from it.
Furthermore, the utilization of trash compactors depends on the types of waste generation. Optimization of dry waste can be done with the help of a stationary compactor while wet waste which is being generated by the food corporation, hospitals, and institutes preferred for a self-contained compactor.
In addition, space is a key concern as waste material takes up much space and the odor that emanates from waste is unbearable and trash compactor has a built-in function for air sanitation that keeps the odor in control. As consumers have become more interested in the processes behind the trash compactor, they are increasingly involved in the waste management process.
“High operation cost and maintenance suppressed the trash compactor market growth”
Trash compactors require high maintenance as well as high operation cost. Various factors can go wrong while operating it. Several compactors use hydraulics to provide the power to compact the waste material. So, it becomes necessary that the level of fluids never go low or high. Further, its use adds extra cost to the budget, hence, it is not commonly used in regular kitchens.
Country-wise Insights
“Germany, highlighting the benefits of the trash compactor market”
Growing waste has become a major problem for European countries. Thus, trash compactor systems are being continuously forced to speed up the compaction process across Europe including Germany, resulting in increasing the demand for the trash compactor.
Additionally, Germany’s efforts over the last decades to increase recycling and minimize waste pollution have been recognized internationally and statistics demonstrate that the nation is on the right track. Overall, it is estimated that Germany’s trash compactor market will dominate the market during the forecast year.
“French roadmap shows positive attributes to the growth of the trash compactor market”
The growing commercial and industrial sectors across France play a vital role in raising the demand for trash compactors, as these sectors produce large amounts of waste.
France’s industrial sector is estimated to grow at a positive rate over the forecast period, due to the presence of major market players in the industrial sectors. This, in turn, create immense growth opportunities for the market.
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Category-wise Insights
“High risk of Industrial waste increases the demand for trash compactor”
Waste is being generated by every kind of industry and it includes plastic waste, medical waste, paper, metal, cardboard waste, and others. For instance, the nature of waste which is generated by the healthcare industry is far different from other waste and is potentially more harmful and dangerous in nature.
The removal of waste medical such as needles, swabs, and other instruments requires proper planning and an effective trash compactor. And a generation of medical waste is never an ending process so it increases the demand for trash compactors.
So, healthcare professionals and local health department increase their demand for a medical trash compactor to prevent people from being in direct contact with medical waste.
A trash compactor will continue to dominate the market in the process of reducing the volume of medical waste and is predicted to reach a valuation of US$ 421.6 million by the end of 2033.
“Features of the stationary trash compactor increase the demand for the market”
Stationary compactors are mainly used for solid waste or recyclable waste such as plastic mixed paper, municipal waste, textiles, and others. The stationary compactor is fixed at one location which helps in minimizing the vibration. This type of compactor can eat large volumes of waste as the volume of waste is being increased every day due to urbanization and industrialization.
Furthermore, Stationary trash compactors are available in different sizes and reduce the number of pickup points resulting in gaining attraction from the manufacturers.
The trash compactor is estimated to be valued at US$ 308.9 million by the end of 2023.
Competitive Landscape
Prominent trash compactor manufacturers are Gladiator Garageworks, Jenn-Air, Marathon Equipment Company, Maren Engineering Corporation, International Baler Corporation’s, American Baler Company, Sachsmart Tech, Bharati Industries, Orwak, CK International, and ANDRITZ.
Manufacturers of trash compactors are focusing on creating innovative, solutions, and catering to the needs of the various end-use verticals such as hospitals, retailers, households, food corporations, institutes, solid waste and recycling industries, and others.
Manufacturers are also committed to resolving customer issues with environmentally friendly solutions and offering top-notch support through comprehensive voice-of-customer outreach, in-house engineering, and production skills, a vast service network, and proven industry expertise.
Fact.MR has provided detailed information about the price points of key manufacturers of trash compactors positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Trash Compactor Industry Research
-
By Type :
- Stationary
- Self-Contained compactor
- Vertical Compactor
-
By Power Source :
- Battery
- Diesel
- Petrol
-
By Mechanism :
- Automatic
- Semi-Automatic
- Hydraulic
-
By End-use :
- Commercial
- Industrial
- Residential
-
By Region :
- Germany
- France
- UK
- Benelux
- NORDIC
- ITALY
- Spain
- Rest of Europe
- FAQs -
What is the Europe trash compactor market size?
The Europe trash compactor market is valued at US$ 304.5 million in 2022.
How did the market perform over the last few years?
During 2018-2023, sales of trash compactors increased at 2.1% CAGR.
How is the market for trash compactors expected to fare going forward?
Worldwide demand for trash compactors is anticipated to reach US$ 421.6 million by 2033-end.
Which country’s trash compactor market accounts for a leading market share?
Germany tops the Europe trash compactor market accounting for 25.0% market share.
Which trash compactor mechanism holds the highest market share?
Semi-automatic trash compactors account for 67.0% share of Europe sales.