Global E-waste Recycling and Reuse Services Market – Overview
With the growing technological advancements, the world has seen a massive growth in the number of electrical and electronic devices production. In order to stay relevant in the market and also tackle the growing competition, the replacement cycle of these electronic equipment has become considerably small. This has given rise to a massive e-waste problem across the globe. There has been a growing cry for more efficient disposal, recycling, and reuse techniques. This has thus acted as the primary driver for the development of the global e-waste recycling and reuse services market.
Global E-waste Recycling and Reuse Services Market – Competitive Analysis
The competitive landscape of the global e-waste recycling and reuse services market is highly fragmented one because of the presence of several key players. The leading companies in the global market are constantly striving to develop more sustainable techniques that will help the environment and will result in more efficient recycling and reusing of e-waste. In addition to this, they are also concentrating on mergers, joint ventures, strategic partnerships, and takeovers in order to stay more relevant in the global market.
Some of the leading companies that are operating in the global e-waste recycling and reuse services market include names such as Global Electric Electronic Processing Inc., SIMS Recycling Ltd., MBA Polymers Inc., Cimelia Resource Recovery, Tectonics Ltd., and CRT Recycling among others.
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Global E-waste Recycling and Reuse Services Market – Drivers and Restraints
In recent years, the world has seen a massive upsurge in the information society. The growth has been achieved at a break-neck speed and is characterized by massive technological advancements that are fueling social as well as economic development. This has ultimately led to an overgrown ownership of ICT devices per individual across the globe. Moreover, with fast paced technological advancements, the replacement cycles of these electronic devices have become considerably shorter.
Furthermore, with a considerable rise in disposable income and ever improving standard of living, there has been an unprecedented spend on electrical and electronic devices. All these factors are responsible for generating increasing amount of e-waste. This has thus worked in favor of the development of global e-waste recycling and reuse services market. With increasing levels of e-waste there have been several cases of improper disposal and treatment of this e-waste through incineration or landfilling. This improper treatment of e-waste is posing a huge risk to human health. This has thus given rise to increasing demand for proper collection and disposable techniques to recycle e-waste. Naturally, it has helped in the overall development of the global e-waste recycling and reuse services market.
Global E-waste Recycling and Reuse Services Market – Geographical Outlook
There are five main regions that divide the global e-waste recycling and reuse services market. These regions are Europe, Asia Pacific, Latin America, Middle East and Africa, and North America. Among these, the global e-waste recycling and reuse services is currently led by the segment of Europe. In terms of contribution, Europe has been the largest regional segment in recent years and is expected to continue to dominate in the coming years of the forecast period. In 2017, Europe registered the largest e-waste collection rate. This growth of the Europe market is largely down to the strict rules and mandates regarding e-waste collection and recycling. In addition to this, clear mandates about the e-waste measurable collection and the robust recycling infrastructure in the region is also helping to drive the development of the e-waste recycling and reuse services market in Europe.
However, the regional segment of Asia Pacific is expected to emerge as the most promising regional segment in the coming years of the forecast period. With the growing number of value chain participants including re-furbishers, recyclers, material processors, de-manufacturers, and collectors among others, the development of the regional market is expected to shoot up considerably in the near future.
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.