The global demand for Home Appliance Recycling Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Home appliance recycling refers to disassembling waste home appliances and scrapping their parts or components for reuse. It includes removing a hazardous component, recovery of valuable parts, and destruction of material using a shredder, crusher, sorting, or grading. Recovered waste undergoes a reclaiming process for reuse. The common types of home appliances recycled are televisions, washing machines, refrigerators, air conditioners, and computers.
Market Dynamics
The growing burden of electronic waste worldwide and stringent regulation in countries like Japan, China, the US, Europe, and Australia drive the global home appliance recycling market. According to Global E-waste Monitor, in 2019, the world generated a striking 53.6 metric ton of e-waste and is projected to rise to 74.7 metric tons in 2030. Home appliances hold a significant share of this burden. Growing electronics use, rapid expiration of home appliances, increasing awareness regarding recycling appliances, a growing number of countries enacting laws for electronic waste, and advancing electronic recycling technologies is fuelling market growth. However, the tedious process of segregation and lack of regulations in some countries hinder the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of home appliance recycling. The growth and trends of home appliance recycling industry provide a holistic approach to this study.
Market Segmentation
This section of the home appliance recycling market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Disused Televisions and Other Home Appliances
- Personal Computers and Other Electronic Devices
By Applications
- Environmental Protection
- Metal Recycling Use
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Home Appliance Recycling market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Home Appliance Recycling Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the home appliance recycling market include Mitsubishi Materials, ARCA, Focus on Energy, Responsible Recycling Services, Recycling Near You, Ethical Consumer, RecycleCT, Panasonic, Georgia Power, Jingdong, Gome, Suning. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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