Saudi Arabia E-Waste Market Size & Growth Rate
Saudi Arabia E-Waste Market is projected to grow at a CAGR of 7.1% during 2022–2028, driven by increased digitalization, early 5G rollout, and smart city developments like NEOM, with small devices (Category II), including home appliances and medical equipment, holding the largest market share due to urbanization and rising incomes.
Saudi Arabia E-Waste Market report comprehensively covers the market by different categories of e-waste. Saudi Arabia E-Waste Market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia E-Waste Market Synopsis
The Saudi Arabia E-Waste Market is in its initial stage and expected to register significant growth during the forecast period owing to the rise in e-waste generation due to population growth and the increasing pace of digitalization. Also, the government’s focus on a circular economy to diversify and reduce the oil-dependent economy would lead to an increase in the collection and recycling of e-waste, thus driving Saudi Arabia E-Waste Market growth.
According to 6Wresearch, Saudi Arabia E-Waste Market size is projected to grow at a CAGR of 7.1% during 2022-2028E. On account of the early adoption of 5G in the Kingdom and the higher rate of internet penetration, position the country is a lucrative destination for the electronics market. Also, Saudi’s economy is diversifying towards digital sectors such as telecom, and cybersecurity, the opening of the entertainment sector by the government, rapid expansion in tourism projects such as smart cities of NEOM and Red Sea Development Programme, and others would augment the demand for both consumer and industrial electronics across the country. Thus, it would lead to the mass disposition of obsolete electronic goods in the coming years and would lead to higher e-waste generation in the kingdom.
Market by Categories
By categories, Small devices (Category II) majorly home appliances and medical equipment segment has captured the majority of the market revenue share on account of the rise in demand for home appliances, driven by urbanization and income growth.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
Key Highlights of the Report:
- Saudi Arabia E-Waste Market Overview
- Saudi Arabia E-Waste Market Outlook
- Saudi Arabia E-Waste Market Forecast
- Historical Data and Forecast of Saudi Arabia E-Waste Market Value for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia E-Waste Market Values, By Category, for the Period 2018-2028F
- Industry Drivers and Restraints
- Industry Life Cycle
- PESTEL Analysis
- Porter’s Five Force Analysis
- Impact Analysis of COVID-19
- Saudi Arabia E-Waste Market Trends and Evolution
- Purchase & Selling Price, By Category, 2021
- Key Performance Indicators
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Category
- Category I (Large Devices)
- Category II (Small Devices)
- Category III (Small IT & Telecommunication Equipment)
- Category IV (Temperature Exchange Equipment)
- Category V(Lamps)
- Category VI (Screens & Monitors)
