Rapid urbanization, integration of advanced technologies into electronic devices, rising disposable income, emergence of IoT and IIoT, rising environment concerns, and implementation of stringent regulatory framework are the major factors fueling the growth of the global e-scrap recycling market. Increased investment in development of advanced electronic devices and evolution of electronic device manufacturing has led to widespread adoption of electronic devices. The consumer electronic devices have evolved significantly during past decade to become an integral part of daily routine. For instance, evolution in portable computing technology has fueled the adoption of smartphones and portable computers across the globe.
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Thereby generating huge scrap of used electronic devices. The electronic devices are composed of metals, plastics and other materials. With increased volume of e-scrap across the globe, the demand for efficient recycling procedures and services has increased significantly. The government authorities across major countries are focusing towards implementation of stringent regulations to efficiently manage the e-scrap in an attempt to reduce its impact of environment. This is contributing towards the growth of the global e-scrap recycling market. Further, expansion of IoT infrastructure across commercial, residential, and industrial verticals is expected to generate significant amount of electronic waste, thereby fueling the growth of e-scrap recycling market during the forecast period.
Asia Pacific contributed a dominating share to the global e-scrap recycling market in 2019 and is anticipated to be a dominating geography throughout the forecast period. Asia Pacific electronic manufacturing industry has expanded significantly during past decade with increased demand from domestic markets and expanding cross border trade with major electronic consuming countries across Europe and North America. Additionally, Asian countries have emerged as a recycling destination, thereby contributing towards robust growth of e-scrap recycling market. Development of advanced consumer electronic and industrial electronic devices fueled by shifting preference towards smart devices and robust electronic manufacturing industry across major countries is anticipated to contribute towards the growth of Asia Pacific e-scrap recycling market during the forecast period. North America is expected to contribute a prominent share to the global e-scrap recycling market during the forecast period owing to implementation of stringent environment protection regulations.
E-scrap Recycling Market Share Analysis, by Geography (2019)
The report titled “E-scrap Recycling Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global e-scrap recycling market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
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The global e-scrap recycling market is segmented based on material, source, and geography. Based on material, the global e-scrap recycling market is segmented into metal, plastic, glass, others. The metal segment is further sub-segmented into copper, steel, aluminum, and others. Based on source, the global e-scrap recycling market is segmented into industrial electronics, consumer electronics, and others. The industrial electronics segment is sub-segmented into IT & telecommunication equipment (datacenters, networking cards/equipment, digital boards, others), medical equipment (monitoring and control equipment, and others), and others. Similarly, the consumer electronics segment in sub-segmented into home appliances (refrigerator, television, and others), portable electronic devices (smartphones, tablets, wearables, and others), IT accessories & equipment (keyboards, USD memory sticks, laptops, netbooks, and others), PCBs and others. Based on geography, the global e-scrap recycling market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.