The global automated waste collection market was US$ 252 billion in 2021. The global automated waste collection market is forecast to grow to US$ 439.11 billion by 2030 by growing at a compound annual growth rate (CAGR) of 10.7% during the forecast period from 2022 to 2030.
The automated waste collection system reduces the need for extra space needed for manual waste collection and dump bins. These systems have advanced vacuum technology that automatically collects the waste through a sustainable process.
Factors Influencing the Market
The growing urban population and increasing concerns related to the environment will drive the automated waste collection market forward. In addition, favorable policies by government bodies for the proper collection of garbage will benefit the overall automated waste collection market.
Favorable initiatives for the smart city will offer ample growth opportunities for the global automated waste collection market. Furthermore, growing infrastructural projects will escalate the market growth.
Rising awareness about the harmful health effects caused by improper waste management will also upsurge the demand for efficient solutions. On the contrary, the high cost associated with the automated waste collection system may limit the growth of the market.
Other factors like the growing popularity of automated waste collection systems due to their benefits, such as increased safety of collection workers, reduced noise, no aesthetic pollution, and odor problems, will also benefit the market during the study period.
Regional Analysis
Asia-Pacific automated waste collection market is forecast to grow at the highest growth rate, owing to the construction of smart cities and the rapid development of the emerging economies. Furthermore, the rapidly growing population and rising concerns over pollution will surge the growth of the automated waste collection market.
Growing policies by government bodies will also contribute to the growth of the industry. In addition, growing awareness about the hazardous effects of garbage on health will surge the demand for effective automated waste collection. As a result, it will benefit the Asia-Pacific automated waste collection market.
COVID-19 Impact Analysis
Due to the wake of the pandemic, the demand for high-cost technology reduced drastically. However, the deployment of automated technology increased in the healthcare and aerospace sector. The sudden spread of the COVID-19 infection mandated the need to adopt efficient technology in order to eliminate human efforts. In addition, the significant burden on the healthcare segment also surged the demand to adopt automated technology to reduce the chances of virus transmission. As a result, the global automated waste collection industry witnessed ample growth opportunities due to the pandemic.
Competitors in the Market
Market Segmentation
The global automated waste collection market segmentation focuses on Type, Operation, Application, and Region.
By Type
By Operation
By Application
By Region
