SOURCE: Compass Intelligence

Compass Intelligence

February 24, 2015 09:30 ET

Compass Intelligence Report Finds Mobile Device Recycling Growing Rapidly With Nearly 81 Million Devices Recycled in the US in 2014

SAN ANTONIO, TX--(Marketwired - February 24, 2015) - Strategy acceleration firm, Compass Intelligence released its latest report on "2015 Idle Device and Recycling Overview: Market Forecast, 2014-2019" today. The report tracks size of mobile market (by subs), size of idle device market, breakout of idle devices by condition, type and business vs consumer. For recycling, the report tracks number of devices recycled by channel, type, condition and total payout amounts. In this latest updated report, Compass Intelligence has added tracking by number of pre-owned devices in the market. The report includes a detailed 5 year forecast.

In addition to the market forecast for idle devices and recycling, the report includes a survey of end users and details behavior related to recycling mobile devices. With this survey, Compass Intelligence details:

  1. Frequency of upgrading mobile devices; do consumers take advantage of early upgrade plans offered by mobile carriers?
  2. Do consumers sell used mobile devices?
  3. What types of devices are they recycling/reselling?
  4. What channel are consumers using to recycle devices?

The survey was conducted using Compass Intelligence's Thought Leaders Panel. Over 800 mobile phone users completed the survey and provided details about their preferences and experience with phone recycling.

"This new report provides detailed metrics around device reuse and recycling, which is a market that continues to gain traction especially since more carriers and recommerce vendors are promoting reclamation through early upgrade and/or standalone buyback programs," said Kate Pearce, Sr. Consultant and Lead Analyst in the Reuse and Recycling research track at Compass Intelligence. "Companies and customers are doing the right thing -- both for their pocketbooks and for the environment. It's a win-win."

Carrier programs (both in-store and online) have led phone recycling efforts in the past. However, with increasing competition from large retailers, this lead has eroded away and consumers have numerous options to recycle devices. Increasingly, online recommerce vendors and OEMs are offering recycling programs and are taking the initiative away from carriers.

Highlights from the report:

  • Device recycling rates are on the rise; however, Compass Intelligence still sees mobile phone recycling rates (including both recycling for an incentive and for no pay out) around 31% in 2014.
  • In 2014, there were almost 400 million idle devices in the hands of end users
    • This number is expected to increase to almost 475 million devices in 2019 at a CAGR of 3 percent.
  • In 2014, a little over 80 million devices were recycled
    • The number of devices recycled in 2019 is expected to increase to over 175 million devices annually at a CAGR of 14 percent.
  • The US remains a market where people are skeptical about using pre-owned devices. Increasing marketing and awareness can help end users feel more comfortable about recycling devices and purchasing pre-owned devices.

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Compass Intelligence is proud to announce that Go Mobile 2015 conference will be held again in Dallas TX from November 11-13, 2015. Details on the conference and location coming soon.

About Compass Intelligence

Compass Intelligence, a market analytics and consulting firm, specializes in strategy acceleration and insights for the high-tech and telecom industries while providing clients tailored services focused on metrics-driven intelligence and insights. Compass Intelligence provides executive insights, market sizing/modeling, competitive analysis, strategic consulting, and expert recommendations on multiple markets. Visit us at Follow Compass Intelligence on Twitter at @CompassIntel.

Visit our sister websites for the latest M2M & IoT news and for Reuse & Recycling news.

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