Electronics Recycling Market Scope
As the name suggested, electronic recycling is the process of recycling electronic waste. The process consists of picking shed, disassembly, first size reduction process, second size reduction process, over band magnet, and others. Continuously rising the application of electronic devices and less product life of the electronic devices and increasing initiatives by original equipment manufacturers for reducing e-waste are considered a the major driving factor for the market. Increasing many regional governments and non-profit organization initiatives for managing electronic waste can create new opportunities for the market in the forecasted year.
According to AMA, the Global Electronics Recycling market is expected to see growth rate of 9.12%The Vendors having a strong hold in the market are ERC Recycling Solutions, Attero Recycling, Apple Recycling program, American Retroworks Inc., Dlubak Glass. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Electronics Recycling market throughout the predicted period.
AERC Recycling Solutions (United States), Attero Recycling (India), Apple Recycling program (United States), American Retroworks Inc. (United States), Dlubak Glass Company (United States), Eco International (United States), Fortune Plastic & Metal Inc. (United States), MBA Polymers Inc. (United States), Sims Metal Management Limited (United States) and Panasonic (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Eco-Tech Environmental Services Inc. (United States), Sims Metal Management Limited (Australia) and A2Z Group (India).
Segmentation Overview
The study have segmented the market of Global Electronics Recycling market and Region with country level break-up.
On the basis of geography, the market of Electronics Recycling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Adoption of Eco-Friendly Product due to High Environment Awareness among the Consumers
Market Growth Drivers:
Continuously Rising the Application of Electronic Devices and less Product Life of the Electronic Devices and Increasing Initiatives by Original Equipment Manufacturers for Reducing E-waste
Challenges:
High Problems Associated with Collection of Raw Material for Electronic Recycling
Restraints:
Hazardous Associated with Electronic Recycling Process
Opportunities:
Increasing many Regional Governments and Non-Profit Organization Initiatives for Management Electronic Waste and Increasing Demand from the Asian Countries
Market Leaders and their Expansionary Development Strategies
On August 2018, Transpere has acquired IMS Electronics Recycling. “We are convinced that with this acquisition, Transpere will be able to better serve our existing clients and will provide additional capacity to generate new relationships.” Stated by Rick Lewis (Transpere CEO and president)
Key Target Audience
Electronic Recycling Provider, Raw Material Suppliers, Suppliers and Distributors, Private Research Organization, Government Association and Agencies, Potential Investors and Others and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.