NEW YORK, Dec. 22, 2016 /PRNewswire/ -- Industry growth has remained strong since the recession, with increased subsidization of the industry driving growth. Over the past decade, both the average number of electronics owned by each consumer and the rate at which electronics are replaced have grown significantly. Consequently, IBISWorld expects that revenue generated by the Electronic Goods Recycling industry will grow an annualized 5.2% over the five years to 2016 to reach $7.5 billion.
For the full report, visit IBISWorld's Electronic Goods Recycling in the U.S. industry report page.
Due to the potential harmful effects that improperly discarded electronics can have on the environment and human health, public calls for the development of electronics recycling infrastructure have grown strongly over the five-year period. While no comprehensive federal law exists to address the issue of e-waste, many municipalities and states have implemented legislation to tackle the problem. With such legislation passed and existing laws becoming more stringent, industry demand has flourished.
According to IBISWorld Industry Analyst Iris Peters, "The Electronic Goods Recycling industry is expected to continue growing over the five years to 2021 as increasing public concern over electronic waste leads to greater government support for the industry." Additionally, a smaller portion of industry revenue is generated via the sale of precious metals and materials extracted as a result of the electronics recycling process. With the prices of many of these materials expected to rise in upcoming years, industry revenue is expected to benefit further.
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IBISWorld Industry Report Key Topics
Products & Markets
Globalization & Trade
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