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Global Automotive Shredded Residue (ASR) Market Size Study, by Application (Landfill, Energy Recovery, Recycling), by Composition (Metals, Plastics, Rubber, Textile, Others), by Technology (Air Classification, Optical Sorting, Magnetic Separation, Eddy Current Separation, Screening, Others), and Regional Forecasts 2022-2032

October 2024 | 285 pages | ID: GA2D1A75B1F5EN
Bizwit Research & Consulting LLP

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The global automotive shredded residue (ASR) market is valued at approximately USD 1.1 billion in 2023 and is projected to grow with a robust CAGR of around 5.8% over the forecast period 2024-2032. The automotive shredded residue industry revolves around the management, recycling, and disposal of materials left after the shredding of end-of-life vehicles (ELVs). When vehicles reach the end of their operational life, they are dismantled, and reusable parts are extracted. The remaining hulks are shredded into smaller pieces, resulting in ASR, a complex mix of ferrous and non-ferrous metals, plastics, glass, rubber, textiles, and other materials. The industry primarily focuses on recovering valuable materials from ASR, making it a critical component of the circular economy within the automotive sector.
Market dynamics in the ASR industry are shaped by several key factors, including the growing emphasis on circular economy initiatives, technological advancements, and regulatory pressures. The circular economy’s focus on reusing and recycling materials is a significant driver, encouraging the development of efficient ASR management solutions to recover valuable materials from ELVs. Technological advancements, particularly in separation technologies, have also bolstered the industry by improving recovery rates and reducing waste. However, the high operational costs associated with advanced recycling technologies pose a challenge to market growth, particularly for smaller recycling firms. Additionally, the complex composition of ASR and market volatility for recycled materials further hinder market expansion.
Despite these challenges, the market is ripe with opportunities, particularly in the development of eco-friendly products from recycled ASR materials. Advances in material science and recycling processes open up avenues for creating high-quality, sustainable products that meet the growing demand for eco-friendly solutions across various industries. Furthermore, the global increase in vehicle production and sales is driving demand for ASR processing, as more vehicles reach the end of their lifecycle, necessitating efficient recycling technologies.
Regionally, North America stands out as a significant contributor to ASR generation, supported by its robust automotive industry and stringent environmental regulations. These regulations compel manufacturers and recyclers to invest in advanced shredding and recycling technologies, resulting in higher ASR recovery rates. The region's mature recycling infrastructure and established network of shredding facilities also facilitate effective ASR management. Meanwhile, the Asia-Pacific region is emerging as the fastest-growing market for ASR, driven by the rapid expansion of the automotive industry in countries like China, India, and South Korea. The region’s growing population, rising urbanization, and governmental emphasis on sustainable practices have spurred investments in ASR processing technologies, positioning Asia-Pacific as a key player in the global ASR market.

Major market players included in this report are:
Sims Limited
Galloo Group
Toyota Tsusho Corporation
Liberty Steel Group
LKQ Corporation
Kuusakoski Group
GFG Alliance
Metso Outotec
Schnitzer Steel Industries, Inc.
European Metal Recycling

The detailed segments and sub-segment of the market are explained below:
By Application
• Landfill
• Energy Recovery
• Recycling
By Composition
• Metals
• Plastics
• Rubber
• Textile
• Others
By Technology
• Air Classification
• Optical Sorting
• Magnetic Separation
• Eddy Current Separation
• Screening
• Others
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
Latin America
• Brazil
• Mexico
• RoLA
Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL AUTOMOTIVE SHREDDED RESIDUE MARKET EXECUTIVE SUMMARY

1.1. Global Automotive Shredded Residue Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Application
  1.3.2. By Composition
  1.3.3. By Technology
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL AUTOMOTIVE SHREDDED RESIDUE MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL AUTOMOTIVE SHREDDED RESIDUE MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Growing Emphasis on Circular Economy Initiatives
  3.1.2. Technological Advancements in Recycling Technologies
  3.1.3. Increasing Vehicle Production and Sales
3.2. Market Challenges
  3.2.1. High Operational Costs of Advanced Recycling Technologies
  3.2.2. Complex Material Composition of ASR
3.3. Market Opportunities
  3.3.1. Development of Eco-Friendly Products from Recycled ASR Materials
  3.3.2. Expansion in Emerging Markets
  3.3.3. Advances in Material Science and Recycling Processes

CHAPTER 4. GLOBAL AUTOMOTIVE SHREDDED RESIDUE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL AUTOMOTIVE SHREDDED RESIDUE MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Shredded Residue Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Landfill
  5.2.2. Energy Recovery
  5.2.3. Recycling

CHAPTER 6. GLOBAL AUTOMOTIVE SHREDDED RESIDUE MARKET SIZE & FORECASTS BY COMPOSITION 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Shredded Residue Market: Composition Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Metals
  6.2.2. Plastics
  6.2.3. Rubber
  6.2.4. Textile
  6.2.5. Others

CHAPTER 7. GLOBAL AUTOMOTIVE SHREDDED RESIDUE MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032

7.1. Segment Dashboard
7.2. Global Automotive Shredded Residue Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Air Classification
  7.2.2. Optical Sorting
  7.2.3. Magnetic Separation
  7.2.4. Eddy Current Separation
  7.2.5. Screening
  7.2.6. Others

CHAPTER 8. GLOBAL AUTOMOTIVE SHREDDED RESIDUE MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Automotive Shredded Residue Market
  7.1.1. U.S. Automotive Shredded Residue Market
    7.1.1.1. Application Breakdown Size & Forecasts, 2022-2032 (USD Billion)
    7.1.1.2. Composition Breakdown Size & Forecasts, 2022-2032 (USD Billion)
    7.1.1.3. Technology Breakdown Size & Forecasts, 2022-2032 (USD Billion)
  7.1.2. Canada Automotive Shredded Residue Market
7.2. Europe Automotive Shredded Residue Market
  7.2.1. U.K. Automotive Shredded Residue Market
  7.2.2. Germany Automotive Shredded Residue Market
  7.2.3. France Automotive Shredded Residue Market
  7.2.4. Spain Automotive Shredded Residue Market
  7.2.5. Italy Automotive Shredded Residue Market
  7.2.6. Rest of Europe Automotive Shredded Residue Market
7.3. Asia-Pacific Automotive Shredded Residue Market
  7.3.1. China Automotive Shredded Residue Market
  7.3.2. India Automotive Shredded Residue Market
  7.3.3. Japan Automotive Shredded Residue Market
  7.3.4. Australia Automotive Shredded Residue Market
  7.3.5. South Korea Automotive Shredded Residue Market
  7.3.6. Rest of Asia-Pacific Automotive Shredded Residue Market
7.4. Latin America Automotive Shredded Residue Market
  7.4.1. Brazil Automotive Shredded Residue Market
  7.4.2. Mexico Automotive Shredded Residue Market
  7.4.3. Rest of Latin America Automotive Shredded Residue Market
7.5. Middle East & Africa Automotive Shredded Residue Market
  7.5.1. Saudi Arabia Automotive Shredded Residue Market
  7.5.2. South Africa Automotive Shredded Residue Market
  7.5.3. Rest of Middle East & Africa Automotive Shredded Residue Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Sims Limited
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. Galloo Group
  8.3.3. Toyota Tsusho Corporation
  8.3.4. Liberty Steel Group
  8.3.5. LKQ Corporation
  8.3.6. Kuusakoski Group
  8.3.7. GFG Alliance
  8.3.8. Metso Outotec
  8.3.9. Schnitzer Steel Industries, Inc.
  8.3.10. European Metal Recycling

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Automotive Shredded Residue Market, Report Scope
TABLE 2. Global Automotive Shredded Residue Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Automotive Shredded Residue Market Estimates & Forecasts by Application 2022-2032 (USD Billion)
TABLE 4. Global Automotive Shredded Residue Market Estimates & Forecasts by Composition 2022-2032 (USD Billion)
TABLE 5. Global Automotive Shredded Residue Market by Technology, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Automotive Shredded Residue Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Automotive Shredded Residue Market by Application, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Automotive Shredded Residue Market by Composition, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Automotive Shredded Residue Market by Technology, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Automotive Shredded Residue Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Automotive Shredded Residue Market by Application, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Automotive Shredded Residue Market by Composition, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Automotive Shredded Residue Market by Technology, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 14. U.S. Automotive Shredded Residue Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Automotive Shredded Residue Market Estimates & Forecasts by Application 2022-2032 (USD Billion)
TABLE 16. U.S. Automotive Shredded Residue Market Estimates & Forecasts by Composition 2022-2032 (USD Billion)
TABLE 17. Canada Automotive Shredded Residue Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 18. Canada Automotive Shredded Residue Market Estimates & Forecasts by Application 2022-2032 (USD Billion)
TABLE 19. Canada Automotive Shredded Residue Market Estimates & Forecasts by Composition 2022-2032 (USD Billion)
….. This list is not complete; the final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Automotive Shredded Residue Market, Research Methodology
FIG 2. Global Automotive Shredded Residue Market, Market Estimation Techniques
FIG 3. Global Market Size Estimates & Forecast Methods.
FIG 4. Global Automotive Shredded Residue Market, Key Trends 2023
FIG 5. Global Automotive Shredded Residue Market, Growth Prospects 2022-2032
FIG 6. Global Automotive Shredded Residue Market, Porters 5 Force Model
FIG 7. Global Automotive Shredded Residue Market, PESTEL Analysis
FIG 8. Global Automotive Shredded Residue Market, Value Chain Analysis
FIG 9. Global Automotive Shredded Residue Market by Application, 2022 & 2032 (USD Billion)
FIG 10. Global Automotive Shredded Residue Market by Composition, 2022 & 2032 (USD Billion)
FIG 11. Global Automotive Shredded Residue Market by Technology, 2022 & 2032 (USD Billion)
FIG 12. Global Automotive Shredded Residue Market by Region, 2022 & 2032 (USD Billion)
FIG 13. Global Automotive Shredded Residue Market, Regional Snapshot 2022 & 2032
FIG 14. North America Automotive Shredded Residue Market 2022 & 2032 (USD Billion)
FIG 15. Europe Automotive Shredded Residue Market 2022 & 2032 (USD Billion)
FIG 16. Asia Pacific Automotive Shredded Residue Market 2022 & 2032 (USD Billion)
FIG 17. Latin America Automotive Shredded Residue Market 2022 & 2032 (USD Billion)
FIG 18. Middle East & Africa Automotive Shredded Residue Market 2022 & 2032 (USD Billion)
FIG 19. Global Automotive Shredded Residue Market, Company Market Share Analysis (2023)
…..
This list is not complete; the final report does contain more than 50 figures. The list may be updated in the final deliverable.


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