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 2019.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld analysis reveals this industry is in the growing stage of its cycle. During the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to increase at an annualized rate of 10.8%. In comparison, US GDP is forecast to rise at an average rate of 2.5% annually during the same period. The discrepancy between IVA and GDP typically indicates an industry in the midst of growth, as do other various features of this industry.
Smartphone ownership has been increasing during the past five years, as new technologies are introduced and consumers upgrade from standard cell phones or previous versions of smartphones... purchase to read more