IT Asset Disposition (ITAD) - Global Strategic Business Report

Report
666 Pages
April 2024
Region: Global
Global Industry Analysts, Inc
ID: 4805654

Global IT Asset Disposition (ITAD) Market to Reach $34 Billion by 2030

The global market for IT Asset Disposition (ITAD) estimated at US$18.4 Billion in the year 2023, is projected to reach a revised size of US$34 Billion by 2030, growing at a CAGR of 8% over the analysis period 2023-2030.

Remarketing & Value Recovery, one of the segments analyzed in the report, is projected to record 8.6% CAGR and reach US$8.6 Billion by the end of the analysis period. Growth in the De-Manufacturing & Recycling segment is estimated at 7.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $6.8 Billion, While China is Forecast to Grow at 10% CAGR

The IT Asset Disposition (ITAD) market in the U.S. is estimated at US$6.8 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2030 trailing a CAGR of 10% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 7.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

Exciting New Report Features

Full access to influencer engagement stats
Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
Complimentary report updates for one year
Competitor coverage with global market shares of major players
Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 294 Featured)

Apple, Inc.
Adamec Recycling GmbH
ADL Process, Inc.
Advanced Technology Recycling
Advantage E-Cycling
Asset LifeCycle LLC
Apto Solutions, Inc.
A2Z Group
406 Recycling
A1 Assets, Inc.
ARCA Recycling, Inc.
ADAPTURE Technology Group
Adonis
Akooba
3 Step IT Group

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Competitive Scenario
Electronics Recycling & IT Asset Disposition Players Mend Ways to Deal with COVID-19
With Impact of COVID-19 Waning Gradually, IT Asset Disposition Companies Get Back to Business
IT Asset Disposition (ITAD) - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Global Market Prospects & Outlook
COVID-19-Led New Normal Holds Major Implications for IT Asset Disposition Strategy
ITAD Market to Remain in Upswing Mode & Move Forward Swiftly
Key Trends & Disruptions Impacting the Market
Analysis by Service Type
Data Destruction & Data Sanitization: Largest Service Segment
Remarketing & Value Recovery Services Remain Highly Relevant
Robust Demand for ITAD De-Manufacturing & Recycling Services
Logistics Management & Reverse Logistics Gain Traction
BFSI, IT & Telecom, and Media & Entertainment: Major End-Users Presenting Growth Opportunities
While Developed Regions Remain Major Revenue Generators, Developing Regions Emerge as Fastest Growing Markets
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

Select Global Brands

3. MARKET TRENDS & DRIVERS

Thriving Trends with Big Implications for IT Asset Disposition
ITAD: A Critical Strategy to Stay Relevant in Changing & Evolving Technology Arena
Ongoing Drive towards Digital Transformation Instigates Opportunities
Global Digital Transformation Spending (In US$ Trillion) for the Years 2019 through 2023
Large Installed Base of IT Assets & Sustained Investments on IT Devices Augurs Well
Quicker Obsolescence of IT Devices & Resulting E-Waste Volumes Amplify the Need for ITAD
Average Lifespan (in Years) of Select IT Products
Data Security Concerns associated with Discarded IT Equipment Build Robust Momentum
Critical Importance of IT Asset Management in Modern Enterprise Environments Points Towards Progressive Adoption of ITAD Services
Expanding IoT Ecosystem Provides Steady Demand Prospects
Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025P
IoT Big Data Generated by Connected Devices Worldwide (In Zettabytes) for the Years 2018 & 2025P
Widespread Adoption of Cloud Computing Elevates Prospects for ITAD
Key Benefits Driving Adoption of Cloud Services of Large, Medium and Small Businesses
Rise of Cloud Data Center Spurs the Demand for ITAD Services
With BYOD Evolving into Mainstream Enterprise Concept, Opportunities Galore for ITAD Services Market
Key Factors Encouraging BYOD Trend among Enterprises Ranked by Importance Attached by Enterprises
Smartphone Nurtures BYOD Ecosystem
Smartphone Adoption Worldwide by Region (in %): 2018 & 2025P
Tablet PCs
Growing Use of Recyclable Materials in Making IT Devices Augurs Well for ITAD Market
Involvement of Device Manufacturers & Retailers Boosts Market Prospects
Ongoing Trade Wars to Impact the ITAD Market
Resolving Prevailing Issues & Challenges: Critical for Future Success of ITAD Services Market
Transit Challenges
Material & Process Level Challenges
Smaller & Thinner IT Devices Amplify the Complexity
Low Awareness Levels Thwart Industry Efforts
Low Commodity Price Values: A Major Challenge
Pandemic Led Changing IT Landscape Throws Challenges for ITAD

4. GLOBAL MARKET PERSPECTIVE

Table 1: World IT Asset Disposition (ITAD) Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
Table 2: World Recent Past, Current & Future Analysis for IT Asset Disposition (ITAD) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 3: World Historic Review for IT Asset Disposition (ITAD) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 4: World 15-Year Perspective for IT Asset Disposition (ITAD) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2024 & 2030
Table 5: World Recent Past, Current & Future Analysis for Remarketing & Value Recovery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 6: World Historic Review for Remarketing & Value Recovery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 7: World 15-Year Perspective for Remarketing & Value Recovery by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 8: World Recent Past, Current & Future Analysis for De-Manufacturing & Recycling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 9: World Historic Review for De-Manufacturing & Recycling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 10: World 15-Year Perspective for De-Manufacturing & Recycling by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 11: World Recent Past, Current & Future Analysis for Data Destruction/Data Sanitization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 12: World Historic Review for Data Destruction/Data Sanitization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 13: World 15-Year Perspective for Data Destruction/Data Sanitization by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 14: World Recent Past, Current & Future Analysis for Logistics Management & Reverse Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 15: World Historic Review for Logistics Management & Reverse Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 16: World 15-Year Perspective for Logistics Management & Reverse Logistics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 17: World Recent Past, Current & Future Analysis for Other Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 18: World Historic Review for Other Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 19: World 15-Year Perspective for Other Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 20: World Recent Past, Current & Future Analysis for Computers/Laptops by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 21: World Historic Review for Computers/Laptops by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 22: World 15-Year Perspective for Computers/Laptops by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 23: World Recent Past, Current & Future Analysis for Mobile Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 24: World Historic Review for Mobile Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 25: World 15-Year Perspective for Mobile Devices by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 26: World Recent Past, Current & Future Analysis for Servers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 27: World Historic Review for Servers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 28: World 15-Year Perspective for Servers by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 29: World Recent Past, Current & Future Analysis for Peripherals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 30: World Historic Review for Peripherals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 31: World 15-Year Perspective for Peripherals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 32: World Recent Past, Current & Future Analysis for Storage Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 33: World Historic Review for Storage Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 34: World 15-Year Perspective for Storage Devices by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 35: World Recent Past, Current & Future Analysis for Other Asset Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 36: World Historic Review for Other Asset Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 37: World 15-Year Perspective for Other Asset Types by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 38: World Recent Past, Current & Future Analysis for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 39: World Historic Review for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 40: World 15-Year Perspective for IT & Telecom by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 41: World Recent Past, Current & Future Analysis for Media & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 42: World Historic Review for Media & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 43: World 15-Year Perspective for Media & Entertainment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 44: World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 45: World Historic Review for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 46: World 15-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 47: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 48: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 49: World 15-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 50: World Recent Past, Current & Future Analysis for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 51: World Historic Review for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 52: World 15-Year Perspective for Government by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 53: World Recent Past, Current & Future Analysis for Educational Institutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 54: World Historic Review for Educational Institutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 55: World 15-Year Perspective for Educational Institutions by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 56: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 57: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 58: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES

IT Asset Disposition (ITAD) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
Market Overview
Average Lifespan (in Years) of Select Consumer Electronic Products in the US
High Smartphone Penetration Provides Opportunities for ITAD
Average Lifespan of Smartphones in the United States
Companies Focus on E-Waste and IT Asset Disposition Management

CANADA

JAPAN

IT Asset Disposition (ITAD) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
Market Overview

CHINA

IT Asset Disposition (ITAD) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)

EUROPE

IT Asset Disposition (ITAD) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
Market Overview
IT and E-Waste Generated per Inhabitant in Kg for Select European Countries

FRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPE

ASIA-PACIFIC

IT Asset Disposition (ITAD) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)

REST OF WORLD

IT Asset Disposition (ITAD) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Rest of World for 2022 (E)

IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Apple, Inc.
Adamec Recycling GmbH
ADL Process, Inc.
Advanced Technology Recycling
Advantage E-Cycling
Asset LifeCycle LLC
Apto Solutions, Inc.
A2Z Group
406 Recycling
A1 Assets, Inc.
ARCA Recycling, Inc.
ADAPTURE Technology Group
Adonis
Akooba
3 Step IT Group

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Global IT Asset Disposition (ITAD) Market to Reach $34 Billion by 2030

The U.S. Market is Estimated at $6.8 Billion, While China is Forecast to Grow at 10% CAGR

Exciting New Report Features

What to Expect from the Global Economy in 2024

Select Competitors (Total 294 Featured)

Table of Contents

Companies Mentioned (Partial List)

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