The Global Electronic Waste and IT Asset Disposal (ITAD) Market the size is expected to reach USD 115.06 billion with a stable revenue CAGR of 8.6% in 2028, according to the latest analysis from Emergen Research. E-waste and ITAD market revenue growth is driven by the rollout of regulatory compliance and increased awareness of the negative impact of e-waste on health and the environment. In 2019, approximately 54 million 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. Growing focus on more efficient e-waste management and disposal of IT assets is expected to support the market growth in the future.
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Consumption of electronic devices continues to grow at a dramatically rapid rate, and the Consumer Technology Association has stated that households in the United States own up to 24 electronic products. The constant development and introduction of new and more innovative electronic devices and the reduction in the cost of these devices is leading to increasing consumer adoption. As devices become more advanced, older versions become obsolete. To reduce e-waste, many countries have passed laws prohibiting e-waste from going to incinerators and landfills. An estimated 70% of heavy metals in landfills in the United States come from electronics, and this trend is expected to continue.
Some major companies in the market report include Dell Technologies, Electronic Recyclers International, Inc., Hewlett Packard Enterprise, LifeSpan International, Umicore SA, Aurubis AG, Tetronics (International) Ltd., IBM Corporation, Boliden AB and Iron Mountain.
Report Highlights
In July 2021, S2S Group, which is an ITAD company, expanded its operations in London by acquiring the assets and customer base of Data Eliminate Ltd. The acquisition will enhance S2S Group’s presence in London with immediate effect. The company has also invested $2.04 million to purchase a secure warehouse and office complex in Rotherham.
The computing device segment accounted for the largest share of revenue in 2020 as new technologies are released every year and Gen X and Millennials are obsessed with gadgets. The most common computing devices found in the trash are desktop LCD monitors, smartphones. and laptops.
The consumption of these devices is not decreasing and it has been observed that an average mobile phone user replaces their phone every 18 months and 1 billion mobile phones, and 300 million computers go into production every year. This figure is expected to increase further in the coming years.
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Emergen Research has segmented the global e-waste and ITAD market based on type, source, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Household appliances
Medical equipement
Laboratory devices
IT devices
Laptop
Waiters
Mobile devices
Storage Devices
Peripheral devices
Others
Source Outlook (Revenue, USD billion; 2018-2028)
Housework
Consumer
Industrial
Others
End-Use Outlook (Revenue, USD Billion; 2018-2028)
IT and Telecom
Banking, Financial Services and Insurance (BFSI)
The health industry
Media and Entertainment
Aeronautics and Defense
Educational institutions
Public sector and government offices
Manufacturing
Others
RRegional analysis:
The report further examines the market in key regions of the world with respect to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of leading players in the regions. The report also covers the expansion plans undertaken by the companies in the regions under the regional analysis section.
Key market regions include:
North America
we
Canada
Europe
UK
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 and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of MEA
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the Global Electronic Waste Disposal and Information Technology Assets (ITAD) Market research study published by Emerging research is an extensive collection of relevant information about the Electronic Waste and Information Technology Asset Disposal (ITAD) industry. The report covers the e-Waste and IT Asset Disposal (ITAD) market segmentation along with a detailed overview of the e-Waste and Technology Asset Disposal (ITAD) market size in terms of volume and evaluation.
The report provides complete coverage of the e-Waste and Information Technology Asset Disposal (ITAD) market scenario for the current period and forecast timeframe from 2021-2028. The Electronic Waste Disposal and Information Technology Assets (ITAD) Market report contains an in-depth analysis of historical, current, and forecasted revenue for each vertical, segment, end-use industries, applications and regions.
Key questions answered by the report:
What will be the estimated growth rate of the Electronic Waste and IT Asset Disposal (ITAD) market by 2028?
Who are the key market distributors, vendors and manufacturers?
What are the driving and restraining factors for the Electronic Waste and IT Asset Disposal (ITAD) market growth throughout the forecast period?
What are the current and future market trends of the Electronic Waste and IT Asset Disposal (ITAD) market?
What are sales and price analysis of the product by types, applications and regions?
What are the expected opportunities for companies and new entrants in the years to come?
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