Global electronics recycling market size 2020-2030

Between 2022 and 2030, the global electronics market size is forecast to increase considerably. Indeed, in 2022, the size of this market amounted to roughly 40 billion U.S. dollars and is forecast to reach a value of 110.6 billion U.S. dollars by 2030, growing at a compound annual growth rate of 13.6 percent.

The need for recycling consumer electronics

In recent years, e-waste has been exponentially increasing due to the high consumption of electronic equipment around the world and the tons of waste produced annually by big tech companies. Manufacturers have therefore started investing more in the electronics recycling market by producing refurbished and recycled electronic devices.

Refurbished devices

Nowadays, almost every refurbished consumer electronics device is available on the market to consumers. Refurbished and used smartphones are the most common, with around 413 million units expected to be shipped in 2026. Refurbished TVs, tablets, and PCs are also gaining in popularity, with reconditioned PCs generating an expected revenue of over 7.5 billion U.S. dollars by 2026.