European Waste Electrical and Electronic Equipment Recycling Services MarketFrost & SullivanDecember 31, 2008 73 Pages - SKU: MC2272903 |
| Countries covered: Europe This Frost & Sullivan research service titled European Waste Electrical and Electronic Equipment Recycling Services Market provides an in-depth examination of industry challenges, market drivers, restraints, waste volumes and revenue forecasts. It also covers trends by regions, competitive structure and market share analysis. The revenues from electronics recycling in the different segments are based on revenues companies generate for the collection and recycling service provided to their customers. The possible trading profits from marketing refurbished equipment or recovered raw materials are not accounted for in this research. Market Overview Legislation Promotes Market for Recycling of Electric and Electronic Wastes in Europe The waste electrical and electronic equipment (WEEE) recycling services market has witnessed strong growth in Western Europe owing principally to key legislation backing its development and implementation. A high degree of localisation has created significant prospects in the sector; while the degree of implementation as well as local variations in the nature of legislation has led to the emergence of numerous specialists. “The European market for WEEE recycling services is poised to grow mainly due to the rising volumes of electric and electronics waste across Europe, which need to be managed as per the norms laid down by the WEEE Directive,” states the analyst of this research. “There have been serious attempts by individual member states to adhere to the legislative deadlines set for the WEEE recycling services market market and this has led to the establishment of local systems and procedures to meet the provisions as laid down in the legislation.” In essence, therefore, the electronics waste recycling market is principally driven by legislation. The Directive sets targets not just for recycling of e-waste but also provides a mechanism for reporting these accurately to the Environment Agency. Regional Variations Compel Companies to Keep Track of Evolving Legislation The WEEE Directive has been transposed into national law by member states, resulting in significant local and regional variation across Europe. This is evident both in terms of the varying degree of success in terms of implementation in different countries as well as the degree of compliance with legislative enforcement. “This high level of regional diversity has, moreover, opened the market to several local companies specialising solely in the WEEE recycling services market,” remarks the analyst. “At the same time, an understanding of local collection practices - whether individual or collective producers’ responsibility - has become equally important to gaining a profitable edge.” These variations have compelled companies working in the electronics recycling market to keep track of legislative measures and changes as well as an attempt to cover these provisions in their working. This has meant that even large multinational companies have had to establish a local presence in individual markets in order to cover them comprehensively. |
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