Market Overview:
The global mobile phone recycling service market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about environmental pollution and the need for sustainable development. In addition, the growing demand for refurbished and recycled products is also contributing to the growth of this market. The global mobile phone recycling service market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into physical store-based recycling services, internet-based recycling services, and recycle bin-based recycling services. Physical store-basedrecycling services are more popular in developed countries such as North Americaand Europe due to high consumer awareness about environment protection issues; whereas internet-basedrecycling services are more popular in developing countries owingto their low cost structure and easy accessibility.Regionally speaking ,the global mobile phonerecycling servicemarketis segmentedin five major regions:North America ,Latin America ,Europe Asia Pacific ,and Middle East & Africa (MEA) .
Product Definition:
A mobile phone recycling service is a type of business that helps people recycle their old mobile phones. Mobile phone recycling is important because it helps keep electronic waste out of landfills. It also allows people to get some money back for their old phones.
Physical Store:
Physical store is a service model which involves the physical display of the product on a retail shelf with the help of some electronic devices such as mobile phones. The process usually takes less than 24 hours and at times it can take place in few minutes.
Physical stores are an effective way to increase consumer engagement with brands and products, especially for those who have brick-and-mortar stores or would rather not sell their products online.
Internet:
The global Internet and it's usage in mobile phone recycling service market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this market is growing concern among people for environment protection. Increasing use of electronic devices leads to a huge amount of e-waste, which includes old smartphones, tablets, laptops etc., which are not used any more but still have some value.
Application Insights:
The recycling application segment dominated the global market in 2017. This is attributed to rising demand for mobile phones from various end-use industries such as electronics, automotive and medical. In addition, increasing awareness among consumers regarding product recyclability is also expected to drive the growth of this segment over the forecast period.
Mobile phones are one of the most recycled products across all regions due to their high recyclability rate compared to other products such as computers and televisions which may have a longer life span but still end up in landfills after use or get incinerated without being recycled at all. The pollution prevention application segment is expected register significant growth over the forecast period owing to government initiatives that aim at curbing environmental degradation caused by manufacturing activities within different countries including China, India & Brazil which eventually leads into lowering carbon emissions thereby improving air quality globally (throughout 2018).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness regarding mobile phone recycling among consumers in developing countries, such as India and China. In addition, growing disposable income levels in these countries will drive the demand for mobiles and thus increase their potential for reuse or recycle rather than disposal resulting into a high demand for mobile phone recycling services in Asia Pacific region.
North America held a significant share of about 27% of global revenue generated by recyclers from across the globe. This can be attributed to growing environmental concerns among people living in U.S.
Growth Factors:
- Increasing demand for mobile phone recycling services due to the increase in number of smartphone users.
- Rising environmental concerns among people about the disposal of electronic waste, which is driving them towards mobile phone recycling services.
- Proliferation of smartphones and other portable devices that are powered by lithium-ion batteries has resulted in an increase in the number of discarded batteries, thereby fueling the growth of mobile phone recycling service market.
- Stringent government regulations on e-waste disposal are compelling companies to outsource their e-waste management needs to third-party recyclers, thereby propelling the growth prospects for mobile phone recycling service market players .
Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile phone recycling Service Market Research Report
By Type
Physical Store, Internet, Recycle Bin
By Application
Recycling, Pollution Prevention
By Companies
Apple, Cloudblue technologies, ReCellular, Envirophone, MobileMuster, Corporate Mobile Recycling, Redeem, SIMS Recycling Solutions Holdings Inc, Mazuma Mobile, ReCell One
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Mobile phone recycling Service Market Report Segments:
The global Mobile phone recycling Service market is segmented on the basis of:
Types
Physical Store, Internet, Recycle Bin
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Recycling, Pollution Prevention
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple
- Cloudblue technologies
- ReCellular
- Envirophone
- MobileMuster
- Corporate Mobile Recycling
- Redeem
- SIMS Recycling Solutions Holdings Inc
- Mazuma Mobile
- ReCell One
Highlights of The Mobile phone recycling Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Physical Store
- Internet
- Recycle Bin
- By Application:
- Recycling
- Pollution Prevention
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mobile phone recycling Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mobile phone recycling service is a process of recovering and reusing mobile phones. The service helps people to recycle their old or unwanted mobiles in an environmentally friendly way.
Some of the major companies in the mobile phone recycling service market are Apple, Cloudblue technologies, ReCellular, Envirophone, MobileMuster, Corporate Mobile Recycling, Redeem, SIMS Recycling Solutions Holdings Inc, Mazuma Mobile, ReCell One.
The mobile phone recycling service market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mobile phone recycling Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mobile phone recycling Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mobile phone recycling Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mobile phone recycling Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mobile phone recycling Service Market Size & Forecast, 2018-2028
4.5.1 Mobile phone recycling Service Market Size and Y-o-Y Growth
4.5.2 Mobile phone recycling Service Market Absolute $ Opportunity
Chapter 5 Global Mobile phone recycling Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Mobile phone recycling Service Market Size Forecast by Type
5.2.1 Physical Store
5.2.2 Internet
5.2.3 Recycle Bin
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Mobile phone recycling Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Mobile phone recycling Service Market Size Forecast by Applications
6.2.1 Recycling
6.2.2 Pollution Prevention
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mobile phone recycling Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mobile phone recycling Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Mobile phone recycling Service Analysis and Forecast
9.1 Introduction
9.2 North America Mobile phone recycling Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Mobile phone recycling Service Market Size Forecast by Type
9.6.1 Physical Store
9.6.2 Internet
9.6.3 Recycle Bin
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Mobile phone recycling Service Market Size Forecast by Applications
9.10.1 Recycling
9.10.2 Pollution Prevention
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Mobile phone recycling Service Analysis and Forecast
10.1 Introduction
10.2 Europe Mobile phone recycling Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Mobile phone recycling Service Market Size Forecast by Type
10.6.1 Physical Store
10.6.2 Internet
10.6.3 Recycle Bin
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Mobile phone recycling Service Market Size Forecast by Applications
10.10.1 Recycling
10.10.2 Pollution Prevention
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Mobile phone recycling Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Mobile phone recycling Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Mobile phone recycling Service Market Size Forecast by Type
11.6.1 Physical Store
11.6.2 Internet
11.6.3 Recycle Bin
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Mobile phone recycling Service Market Size Forecast by Applications
11.10.1 Recycling
11.10.2 Pollution Prevention
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Mobile phone recycling Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Mobile phone recycling Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Mobile phone recycling Service Market Size Forecast by Type
12.6.1 Physical Store
12.6.2 Internet
12.6.3 Recycle Bin
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Mobile phone recycling Service Market Size Forecast by Applications
12.10.1 Recycling
12.10.2 Pollution Prevention
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Mobile phone recycling Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Mobile phone recycling Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Mobile phone recycling Service Market Size Forecast by Type
13.6.1 Physical Store
13.6.2 Internet
13.6.3 Recycle Bin
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Mobile phone recycling Service Market Size Forecast by Applications
13.10.1 Recycling
13.10.2 Pollution Prevention
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mobile phone recycling Service Market: Competitive Dashboard
14.2 Global Mobile phone recycling Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Cloudblue technologies
14.3.3 ReCellular
14.3.4 Envirophone
14.3.5 MobileMuster
14.3.6 Corporate Mobile Recycling
14.3.7 Redeem
14.3.8 SIMS Recycling Solutions Holdings Inc
14.3.9 Mazuma Mobile
14.3.10 ReCell One
