Start of the year 2019 summary of E-waste Management market size predictions
After finding myself scouring the internet for E-waste Management market size projections, I found that these predictions varied considerably, and it was difficult to get a grasp of the overarching trend. This article provides a concise summary of nineteen different predictions for the size of the E-waste Management industries.
***Links to the sources of all data are also provided. If you find any errors in this article, please feel free to comment below. All dollars are in USD unless stated otherwise.***
Before we jump in and look at these big numbers, we must have a comparison value. According to Credence Research, e-waste management market is expected to expand at a CAGR of 5.7% during the forecast from 2018 to 2026. This is considered a healthy growth rate for a relatively mature industry.
But wait till you see the growth rates of the e-waste management industry. They’re huge.
The e-waste management industry is expected to garner $49.4 billion by 2020, registering a CAGR of 23.5% during the forecast period 2014 – 2020 according to Allied Market Research.
“E-waste Management Market (by Product Type (Computers & IT Equipment, Mobile Devices, Televisions, and Hard-copy Devices), by Vertical (Industrial & Commercial Electronics and Consumer Electronics), by Material (Metal, Plastic, Glass, and Other Materials), by Geography (North America, Europe, Asia Pacific, and Rest of the World)) – Growth, Future Prospects, and Competitive Landscape, 2018 -2026”, the global e-waste management market is expected to expand at a CAGR of 5.7% during the forecast from 2018 to 2026.
1) Grand View Research, Inc. – The global e-waste management market generated is expected to reach 63.705 million metric Tons by 2025, according to a study conducted by Grand View Research, Inc. The rising disposable income in developing countries coupled with consumer’s inclination toward technologically advanced gadgets have resulted in the significant sales of electronic devices across the globe, thereby driving the e-waste management market.
2) Zion Market Research – According to the report, global e-waste management market was valued at approximately USD 3.0 billion in 2017 and is expected to generate revenue of around USD 11.0 billion by the end of 2024, growing at a CAGR of around 20.2% between 2018 and 2024.
3) Research And Markets – The global e-waste market generated is expected to reach 63.705 million metric tons by 2025.
4) Markets And Markets – The global e-waste management market size is projected to reach USD 5.04 Billion till 2020 at an estimated CAGR of 20.6% between 2015 and 2020 from USD 1.66 Million in 2014.
Congratulations if you made it this far. It’s pretty obvious that there is a huge range of predictions for the E-waste Management market size. This is understandable as its growth is dependant on the growth of complementary technologies such as 5G, not to mention the breakthroughs in hardware required to make AR glasses (as a daily driver) a reality.
Which do you think is the most accurate prediction?
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I am a Computer Engineer and a Post Graduate in MBA (Marketing). I am currently working as a Team Lead (ICT domain) for Credence Research Inc.
As a Team Lead, it is my responsibility to create an inspiring team environment with an open communication culture, set clear team goals, delegate tasks and set deadlines for the team. It is my responsibility to aid associates in forecasting market trends and formulate industry and market strategies. My job responsibilities also require talking to the business leaders worldwide, and understanding their business.