“The Product Stewardship Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of USD 309.52 million and CAGR of 6.40% by segment Type and Geography during the forecast period 2021 to 2025” 

Furthermore, this report extensively covers market segmentation by type (service and solutions) and geography (North America, Europe, APAC, South America, and MEA). The market report also offers information on several market vendors, including arcades NV, Benchmark Digital Partners LLC, CGI Inc., Cority Software Inc., ERM Group Inc., Intelex Technologies Inc., John Wood Group Plc, ProcessMAP Corp., SAP SE, and Wolters Kluwer NV

Download the Report Sample to Unlock the Smart Room Heater Market Size for the Forecast Period and Other Important Statistics 

Parent Market Analysis

Technavio categorizes the Product Stewardship Market as a part of the Information Technology industry within the IT Services industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

Product Stewardship Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the product stewardship industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge. 

Key Product Stewardship Market Driver

One of the key factors driving growth in the market is the increase in government initiatives regarding workforce safety standards and environmental regulations. According to the recent World Health Organizations/International Labour Organization (WHO/ILO) joint estimates, in 2021, each year, over 1.9 million people die as a result of occupational injuries, accidents, and diseases, with exposure to occupational risks being estimated to result in almost 90 million healthy life years lost. Thus, there has been an increase in government initiatives regarding workforce safety standards. For instance, in December 2021, ILO's Flagship Programme Safety + Health for All launched its second phase, reaching up to 138 million workers worldwide. This will bring together governments, social partners, the private sector, and other stakeholders to improve the safety and health of more than 138 million workers worldwide. The pandemic has also highlighted that protecting health workers ensures a functioning health system and a functioning society. Thus, in H2 2021, WHO highlighted an alarming rise in reports of verbal harassment, discrimination, and physical violence among health workers in the wake of COVID-19. 

Key Product Stewardship Market Challenge

The implementation and budgetary concerns will be a major challenge for the market during the forecast period. Small organizations, especially in growing economies, face huge budget constraints and often rely on investors and venture capitalists (VCs). These budgetary constraints refrain small organizations from opting for facility management solutions such as product stewardship from well-established and trustworthy companies, thereby resulting in the procurement of low-quality services. This, in turn, will affect the organization's overall facility management capabilities. These low-quality facility management solutions often result in high maintenance and operation cost, thereby affecting the company's profitability. In addition, rising labour costs are another major factor that hampers the growth of the market during the forecast period. This factor is more prominent in the North American region. The steady rise in costs associated with training and retaining skilled personnel within the organization further impedes the growth of the market. Ageing assets used by organizations lead to excessive energy consumption in the building. Replacement and maintenance of these assets further add to the operational costs of the company. 

Product Stewardship Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of the product stewardship market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Who are the Major Product Stewardship Market Vendors?

Arcadis NV - The company offers product stewardship solutions such as data-driven EHS solutions and insights that increase operational efficiency, reduce risk, create safer working environments and positively impact overall business performance.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

• Arcadis NV
• Benchmark Digital Partners LLC
• CGI Inc.
• Cority Software Inc.
• ERM Group Inc.
• Intelex Technologies Inc.
• John Wood Group Plc
• ProcessMAP Corp.
• SAP SE
• Wolters Kluwer NV

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Which are the Key Regions for the Product Stewardship Market?

For more insights on the market share of various regions Request PDF Sample now!

32% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for product stewardship in North America. Market growth in this region will be slower than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Product Stewardship Market?

To gain further insights on the market contribution of various segments Request a PDF Sample

The market share growth by the service segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

Request PDF sample

What are the Key Data Covered in this Product Stewardship Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour\
• The growth of the product stewardship industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch