The global market for e-waste recycling and reuse services is at a nascent stage at present and is expected to witness substantial growth throughout the forecast period. The growing awareness among consumers regarding the conservation of health and environment is the primary factor augmenting the growth of the global market. In addition, stringent regulations and rules for e-waste management are expected to encourage the growth of the market. Furthermore, the increasing participation of the leading electronics manufacturers in e-waste recycling and reuse services is estimated to generate potential opportunities for key players.
The global market for e-waste recycling and reuse services has been classified on the basis of source, recycle and reuse service, and recycled component. By source, the market has been segmented into household appliances, entertainment devices, and IT and telecommunication products. By recycle and reuse service, the market has been categorized into asset management and logistics, material processing and recovery, triage and de-manufacturing, collection services, and refurbishment and reuse. Furthermore, by recycled component, the market has been divided into recycled plastics, recycled metals, recycled silica, and other recycled components.
The research study offers insights into the key growth prospects of the global e-waste recycling and reuse services market, along with the latest trends and lucrative opportunities. The study comprises a thorough executive summary, presenting insights into the key segments and sub-segments considered within the research report. In addition, the study throws light on the key geographical segments and the competitive scenario of the market.
Overview of the E-waste Recycling and Reuse Services Market
As per the research study, in 2012, the global market for e-waste recycling and reuse services was worth US$9.84 bn and is projected to reach a value of US$41.36 bn by 2019. The market is estimated to register a remarkable 23.06% CAGR from 2013 to 2019. The limited shelf life of electronic products and the increasing prices of rare earth metals are boosting the demand for e-waste recycling and reuse services. Moreover, the high demand for consumer electronics and information and communications technology are expected to bolster the global market.
On the other hand, the fewer number of e-waste collection zones and low awareness in developing economies are estimated to restrict the growth of the market in the coming years. Additionally, high e-waste management costs is another factor hampering the growth of the global e-waste recycling and reuse services market.
Among the key geographical segments, Europe is expected to emerge as a leading region in the global e-waste recycling and reuse services market, thanks to rigid regulations for e-waste recovery. On the other hand, Asia Pacific is projected to exhibit lucrative opportunities for key players in the near future. The availability of cheap labor and a large quantity of e-waste in China and other developing regions of Asia Pacific are estimated to drive the demand for e-waste recycling and reuse services in the coming years.
Companies Mentioned in the Research Report
Lifespan Technology Recycling Inc., SIMS Recycling Solutions, Stena Techno World, Electronic Recyclers International Inc., CRT Recycling Inc., Cimelia Resource Recovery, Tectonics Ltd., MBA Polymers Inc., Umicore SA, and Global Electric Electronic Processing Inc. are some of the key players operating in the e-waste recycling and reuse services market across the globe.
Key Segments of the E-waste Recycling and Reuse Services Market
Global E-waste Recycling and Reuse Services Market, by Source:
- Household Appliances
- Consumer and Lighting Equipment
- Other Household Appliances
- IT and Telecommunications Products
- Computers and Computer Peripherals
- Cellular Phones
- Entertainment Devices
- Music Systems
Global E-waste Recycling and Reuse Services Market, by Recycle and Reuse Services:
- Collection Services
- Refurbishment and Reuse
- Asset Management and Logistics
- Triage and De-manufacturing
- Material Processing & Recovery
Global E-waste Recycling and Reuse Services Market, by Recycled Component:
- Recycled Metals
- Recycled Plastics
- Recycled Silica
- Other Recycled Components
Global E-waste Recycling and Reuse Services Market, by Geography:
- North America
- Europe, Middle East and Africa (EMEA)
- Asia Pacific
- Latin America
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments