Global Resource Circulation Equipment Market Trends & Forecasts 2014 to 2020: Grand View Research, Inc

The global market for resource circulation equipment (RCE) is expected to reach USD 18.55 billion by 2020, according to a new study by Grand View Research, Inc. Increasing industrial & electronic waste coupled with stringent environmental regulations are expected to drive RCE demand over the next six years. Recent uptrend in recycling rate and efficiency is also expected to have a positive impact on resource circulation equipment sales. However, high initial investment cost is expected to be a key challenge for market participants.

Electrical & electronics emerged as the leading application segment for resource circulation equipment and accounted for 20.6% of total market revenue in 2013; this is also expected to be the fastest growing application segment, at an estimated CAGR of 8.3% from 2014 to 2020. Demand for RCE in metal industry is expected to exceed USD 2.5 billion by 2020, growing at a CAGR of 7.9% from 2014 to 2020. Increasing industrial waste and scrap recycling activities are expected to drive the growth of this segment.

The report “Resource Circulation Equipment Market Analysis By Application (Automotive, Construction, Electrical & Electronics, Paper, Plastic & Polymers, Metal, Oil & Gas) And Segment Forecasts To 2020” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/resource-circulation-equipment-market

Further key findings from the study suggest:

• North America was the largest regional market with 39.4% of total market share in 2013. Increase in industrial and electronic waste, particularly in the U.S. and Mexico is expected to drive the demand for RCE in North America.

• North America was closely followed by Asia Pacific which is expected to be the fastest growing regional market for RCE at an estimated CAGR of 8% from 2014 to 2020. Rapid industrialization and increasing need to recycle the waste generated from various industries particularly in...