Market Overview:
The global luxury home appliance recycling market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about environmental protection and resource reuse among consumers, and the growing demand for luxury home appliances across regions. The global luxury home appliance recycling market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into metal recycling, plastic recycling, parts recycling, and other types of recyclables.
Product Definition:
The definition of luxury home appliance recycling is the process of collecting and recycling old or unused appliances in a home. The importance of luxury home appliance recycling is that it helps keep these items out of landfills, where they can take up space and harm the environment. It also helps reduce the amount of energy needed to create new appliances, which can save homeowners money on their energy bills.
Metal Recycling:
Metal recycling is the process of extracting valuable materials from scrap or used metal. The metals and alloy that can be recycled are steel, aluminum, copper, zinc & titanium. These metals when processed in the right way can be made into new products which have a much longer life than traditional ones. For example; old car tires are filled with scrap iron and then rolled to make new car tires which last much longer & have less environmental impact as compared to virgin rubber.
Plastic Recycling:
Plastic recycling is the process of converting plastic waste into useful products. The most common method of plastic recycling is by melting it down and re-molding it into the desired product. Plastic that cannot be recycled usually ends up in landfills or being incinerated, which are then turned into energy to produce heat and electricity by using a thermal power plant.
Application Insights:
The environmental protection application segment led the global luxury home appliance recycling market in 2017. This is attributed to growing concerns over waste management and rising demand for sustainable development. Environmental protection includes reducing the impact of appliances on environment as well as human health, which is likely to propel product demand over the forecast period.
The other applications include economic savings and resource reuse.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing disposable income, growing population, and rising environmental concerns among consumers. In addition, rapid urbanization and industrialization are also likely to contribute significantly toward regional growth over the next eight years.
Europe accounted for a major share of revenue in 2017 due to strict regulations regarding waste management coupled with high awareness about sustainability issues among manufacturers operating within the region.
Growth Factors:
- Increasing awareness about the benefits of luxury home appliance recycling: There is a growing awareness among consumers about the benefits of luxury home appliance recycling. This is driving more people to recycle their old appliances instead of just throwing them away.
- Rise in disposable income: The rise in disposable income is another key growth driver for the luxury home appliance recycling market. With more people able to afford expensive appliances, there is an increasing demand for luxury home appliance recycling services.
- Growing environmental consciousness: There is a growing trend among consumers towards environmentally friendly products and services, including luxury home appliance recycling. This has led to an increase in demand for such services over the past few years and is likely to continue doing so in the future as well.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Home Appliance Recycling Market Research Report
By Type
Metal Recycling, Plastic Recycling, Parts Recycling, Other
By Application
Environmental Protection, Resource Reuse, Other
By Companies
Mitsubishi Materials, ARCA, Focus on Energy, Responsible Recycling Services, Recycling Near You, Ethical Consumer, RecycleCT, Panasonic, Georgia Power, Jingdong, Gome, Suning, NIPSCO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Home Appliance Recycling Market Report Segments:
The global Luxury Home Appliance Recycling market is segmented on the basis of:
Types
Metal Recycling, Plastic Recycling, Parts Recycling, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Environmental Protection, Resource Reuse, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi Materials
- ARCA
- Focus on Energy
- Responsible Recycling Services
- Recycling Near You
- Ethical Consumer
- RecycleCT
- Panasonic
- Georgia Power
- Jingdong
- Gome
- Suning
- NIPSCO
Highlights of The Luxury Home Appliance Recycling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal Recycling
- Plastic Recycling
- Parts Recycling
- Other
- By Application:
- Environmental Protection
- Resource Reuse
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Home Appliance Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Luxury home appliance recycling is the process of recovering materials from used or expired luxury home appliances for reuse. This can include items like televisions, air conditioners, and refrigerators. Recycling these items helps to reduce wastefulness and help preserve natural resources.
Some of the major players in the luxury home appliance recycling market are Mitsubishi Materials, ARCA, Focus on Energy, Responsible Recycling Services, Recycling Near You, Ethical Consumer, RecycleCT, Panasonic, Georgia Power, Jingdong, Gome, Suning, NIPSCO.
The luxury home appliance recycling market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Home Appliance Recycling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Luxury Home Appliance Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Home Appliance Recycling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Luxury Home Appliance Recycling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Luxury Home Appliance Recycling Market Size & Forecast, 2020-2028
4.5.1 Luxury Home Appliance Recycling Market Size and Y-o-Y Growth
4.5.2 Luxury Home Appliance Recycling Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Metal Recycling
5.2.2 Plastic Recycling
5.2.3 Parts Recycling
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Environmental Protection
6.2.2 Resource Reuse
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Home Appliance Recycling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Luxury Home Appliance Recycling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Metal Recycling
9.6.2 Plastic Recycling
9.6.3 Parts Recycling
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Environmental Protection
9.10.2 Resource Reuse
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Metal Recycling
10.6.2 Plastic Recycling
10.6.3 Parts Recycling
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Environmental Protection
10.10.2 Resource Reuse
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Metal Recycling
11.6.2 Plastic Recycling
11.6.3 Parts Recycling
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Environmental Protection
11.10.2 Resource Reuse
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Metal Recycling
12.6.2 Plastic Recycling
12.6.3 Parts Recycling
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Environmental Protection
12.10.2 Resource Reuse
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Metal Recycling
13.6.2 Plastic Recycling
13.6.3 Parts Recycling
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Environmental Protection
13.10.2 Resource Reuse
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Luxury Home Appliance Recycling Market: Competitive Dashboard
14.2 Global Luxury Home Appliance Recycling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Materials
14.3.2 ARCA
14.3.3 Focus on Energy
14.3.4 Responsible Recycling Services
14.3.5 Recycling Near You
14.3.6 Ethical Consumer
14.3.7 RecycleCT
14.3.8 Panasonic
14.3.9 Georgia Power
14.3.10 Jingdong
14.3.11 Gome
14.3.12 Suning
14.3.13 NIPSCO
