IBISWorld Industry Market Research: The U.S. Electronic Goods Recycling Industry is Expected to Earn Revenue of $7.5 billion in 2016
The industry has had a strong performance over the past five years. For this reason, industry research firm IBISWorld has updated a report on Electronic Goods Recycling.
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.
Similar industries:
Waste Collection Services
Recycling Facilities
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
Industry Performance
Products & Markets
Globalization & Trade
Major Companies
Operating Conditions
Key Statistics
About IBISWorld Inc.
Recognized as the nation's most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every U.S. industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. For more information, visit www.ibisworld.com or call 1-800-330-3772.
Contact Information
Kathryn White
Media Relations Specialist
[email protected]
+1 917-267-0351 Ext: 351
SOURCE IBISWorld
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article