Industry Analysis & Industry Trends
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 2020.... purchase to read more
Industry Report - Industry Products Chapter
The majority of cell phones received by industry companies can be reconditioned and resold. The companies first and foremost dispose of obsolete or unwanted equipment in a safe and ecologically-friendly manner, recover necessary assets and record make, model and serial number of the devices. The increasingly personal data saved on cellular devices has made this stage of the process vital.
In the de-manufacturing process, companies dismantle the electronic equipment and remove potentially valuable components and materials, such as scrap metal. According to the EPA, recycling 1 million cell phones can recover about 24 kg (50 lb) of gold, 250 kg (550 lb) of silver, 9 kg (20 lb) of palladium, and more than 9,000 kg (20,000 lb) of copper... purchase to read more