North America E-Scrap Recycling Market Analysis and Opportunities by 2028

The e-scrap recycling market in North America is expected to grow from US$ 504.91 million in 2021 to US$ 1,479.93 million by 2028; it is estimated to grow at a CAGR of 16.6% from 2021 to 2028.

An expected life cycle of any electronic product is the duration entailing its introduction, maturity in demand, and disposal or recycling phases. These products reach the recycling stage due to the end of their functional life, upgrades in associated technologies, and changes in consumer demands. With technological innovations, new products with updated features and additional service back-up replace the products enabled with older technologies, which results in the generation of massive e-waste volumes. Mobile devices, televisions, and computer devices are among the fast-growing electronic segments that undergo frequent upgrades. There is a continuous increase in the sales of these electronics owing to a surge in purchasing power with the rise in disposable income of people. The life expectancy of these gadgets has been lowered to ~3–4 years; as a result, the volume of e-waste produced is rapidly increasing, compelling e-waste recycling industry players to establish an accessible e-waste collection and processing network. The continued sale of electronic items, particularly in emerging markets, will present a lucrative environment for e-waste management in the coming years. In addition, the household appliance manufacturers are also introducing newer models to attract customers. The new product launches are leading to scrap the existing household appliances, which is benefitting the e-scrap recycling market players. This is again catalyzing e-scrap recycling market. Further, as the technological advancements are taking place rapidly across the globe, the manufacturers of consumer electronics or household appliances with limited lifecycle. This helps the manufacturers enable the customers to upgrade their technologies over a time period, resulting in increase in volume of electronic scrapyard, which is ultimately driving the e-scrap recycling market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America e-scrap recycling market in the coming years. The market is expected to grow at a good CAGR during the forecast period.

North America E-Scrap Recycling Market Revenue and Forecast to 2028 (US$ Million)

North America E-Scrap Recycling Market Segmentation

The North America e-scrap recycling market is segmented on the basis of product type, processed material, and country. Based on product type, the market is segmented into IT & telecom equipment, small household appliances, large white goods, consumer electronics, and others. The large white goods segment dominated the market in 2020. However, the market for the IT & telecom equipment segment is expected to grow at the highest rate during the forecast period. Based on processed material, the North America e-scrap recycling market is segmented into metal, glass, plastic, and others. The metal segment dominated the market in 2020. Also, the market for the same segment is expected to grow at the highest rate during the forecast period. Based on country, the North America e-scrap recycling market is segmented into the US, Canada, and Mexico. DOWA HOLDINGS CO., LTD; Electronic Recyclers International, Inc; Enviro-Hub Holdings Ltd; JX Nippon Mining & Metals Corporation; Quantum Lifecycle Partners; Sims Metal Management Ltd; Stena Metall Ab; Tetronics; and Umicore are among the leading companies in the market. 

North America E-Scrap Recycling Report Scope