Increasing cell phone ownership, the emergence of smartphone technologies and increasingly rapid mobile phone replacement rates created a replacement market among cell phone users and widened the potential base of phones available for recycling. As collection of cell phones for recycling and reuse becomes easier, the industry is poised to exhibit growth as a result of a widening base of key inputs (i.e. used phones). Consequently, IBISWorld forecasts industry revenue to continue growing through 2021.
Businesses in this industry primarily separate and sort recyclable materials from cell phones, smart phones, pagers and personal digital assistants. Companies also refurbish devices for resale. Revenue from processing other electronics is excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.