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 - Starting a New Business Chapter
The Cell Phone Recycling industry faces a low level of barriers to entry. Although entering the industry may not be difficult, new entrants must compete with established operators in the industry that benefit from having an established reputation of reliability. As many cell phone recycling companies offer identical services, a reputation for fair prices and quality refurbishment can sway the customer one way or the other. While not a barrier to entry, this factor can make it difficult for a new entrant to gain a steady customer base.
New entrants also need to have strong knowledge of changing technological trends in the cell phone industry. Refurbishing cell phones requires knowledge of changing technological trends and technical expertise in cell phone systems... purchase to read more