Global E-Waste Management Market: Overview
Today electronic-waste or e-waste has mounted exponentially as the use of electronics and electronic gadgets have increased. Electronics such as computers, televisions, mobile phones, fridges, tablets, washing machines, digital cameras, home entertainment systems, dryers, stereo systems, toasters, and kettles come with circuitry, battery supply, and electrical components. Thus, e-waste is increasing and with it, the concern regarding the disposal and recycling of this waste. Health hazards occurring due to the discharge of toxic materials into the environment have amplified the need for efficient e-waste management techniques. Thus, the market for e-waste management is expected to flourish in the coming years.
The study presents a comprehensive assessment of the global e-waste management industry, taking into account historical trends, data, and statistics that help with future projections of the market size. The market is segmented on the basis of source of waste generation and geography. By source of waste generation, the global electronic-waste market is segmented into IT and Telecom, domestic, and consumer electronics.
Global E-Waste Management Market: Trends and Opportunities
The migration to flat-screen televisions and monitors and also from analogue to digital technologies is expected to fuel the generation of e-waste. Rapid innovation in home appliances and electronics are expected to boost their sales and this in turn will lead to more e-waste, furthering the need for e-waste management. In addition to this, the market is also positively influenced by factors such as rapid industrialization and urbanization.
Policies which define e-waste regularization are expected to boost the growth of the market and create a higher level of awareness regarding the harm caused by electronic waste on the environment. Policies are ensuring that manufacturers are responsible for the complete lifecycle of their electronic items. Many electronic and IT companies are joining hands with organizations that help in the management of e-waste. Additionally, awareness is being created about the need to donate, reuse, and lease electronic goods so as to extend the life of products and curb e-waste. On the other hand, some of the factors dampening the market are high costs incurred during recycling and a lack of waste collection centers.
Global E-Waste Management Market: Region-wise Outlook
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Of these, the e-waste generation market is leading in North America and Europe. These regions are sensitive to issues pertaining to environmental pollution and thus, contribute maximum to the global e-waste generation market. Asia Pacific is also expected to follow in the line in terms of significant growth in the coming years. As this region houses many consumer electronics manufacturers, the need to minimize e-waste is estimated to grow and drive the market in the years to come. Countries such as China and Japan are expected to be key contributors to the market.
Key Players Mentioned in the Report
The report profiles key players in the e-waste generation market for the purpose of study. The detailed study of key players enables players both new and established, to get a clear understanding of the market and the scope, allowing them to invest smartly in the industry. Some of the vendors operating in the e-waste generation market are: Waste Management Inc., Sims Recycling Ltd., Electronic Recyclers International, Inc., MRI (Australia) Pty Ltd., Electronic Waste Management, E-Waste Harvesters, E-Waste Systems, Inc., and Desco Electronic Recyclers.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.