The global E-waste and Information Technology Asset Disposition (ITAD) market size is expected to reach USD 115.06 Billion at a steady revenue CAGR of 8.6% in 2028, according to latest analysis by Emergen Research. E-waste and ITAD market revenue growth is driven by deployment of regulatory compliance and increased awareness regarding the adverse impact of E-waste on health and on the environment. In 2019, approximately 54 million metric tons of electronic waste was generated worldwide. E-waste contains 75% of environmentally hazardous waste found in landfills and less than 20% is recycled each year. Rising focus on more efficient management of E-waste and information technology asset disposition is expected to support market growth going ahead.
Consumption of electronic devices continues to increase at a substantially rapid rate and Consumer Technology Association has stated that households in the US have up to 24 electronic products. Steady development and introduction of new and more innovative electronic devices and reducing costs of such devices is resulting rising adoption among consumers. As devices are becoming more advanced, older versions are becoming obsolete. To reduce E-waste, many countries have passed laws banning such waste from going into incinerators and landfills. An estimated 70% of heavy metals in landfills in the US are from electronics, and this trend is expected to continue going forward.
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The latest report offers strategic insights into the market landscape to stakeholders, investors, and business owners to help them make efficient and lucrative business decisions based on key statistical data and facts. The report aims to offers a thorough outlook of the E-waste and Information Technology Asset Disposition (ITAD) market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the E-waste and Information Technology Asset Disposition (ITAD) market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline of 2021-2028.
Some major companies in the market report include Dell Technologies, Electronic Recyclers International, Inc., Hewlett Packard Enterprise, LifeSpan International, Umicore S.A., Aurubis AG, Tetronics (International) Ltd., IBM Corporation, Boliden AB, and Iron Mountain.
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Emergen Research has segmented the global E-waste and ITAD market on the basis of type, source, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Home appliances
Medical equipment
Laboratory devices
IT devices
Computers/Laptops
Servers
Mobile Devices
Storage Devices
Peripherals
Others
Source Outlook (Revenue, USD Billion; 2018–2028)
Household
Consumer
Industrial
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
IT and Telecom
Banking, Financial Services, and Insurance (BFSI)
Healthcare Industry
Media and Entertainment
Aerospace and Defense
Educational Institutions
Public Sector and Government Offices
Manufacturing
Others
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global E-waste and Information Technology Asset Disposition (ITAD) market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Questions addressed in the report:
What is the estimated market growth rate throughout the forecast period?
Which end-use industry is expected to witness the highest demand for E-waste and Information Technology Asset Disposition (ITAD) in the near future?
What is the regulatory framework governing the application of E-waste and Information Technology Asset Disposition (ITAD) in the food industry?
Which manufacturing processes are utilized for the production of E-waste and Information Technology Asset Disposition (ITAD)?
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