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Vehicle Recycling Market Report by Type (Passenger Cars Recycling, Commercial Vehicles Recycling), Material (Iron, Aluminium, Steel, Rubber, Copper, Glass, Plastic, and Others), Application (OEMs, Aftermarket), and Region 2024-2032

April 2024 | 149 pages | ID: V60DB8BDD0DEEN
IMARC Group

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The global vehicle recycling market size reached US$ 82.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 243.3 Billion by 2032, exhibiting a growth rate (CAGR) of 12.4% during 2024-2032.

Vehicle recycling refers to the process of disassembling automobiles to recover and recycle spare parts, fuel and scrap metals. This involves processes such as dismantling, crushing, shredding and material recovery through which magnetic pieces, sheet metals, seats, wheels and other components are retrieved. Separation technologies, such as laser, infrared, eddy current and flotation methods, are used to isolate the non-ferrous metals from other materials, which are then sent for re-smelting. In addition to this, the reusable components are cleaned, tested and refurbished for resale, while the fluids are drained over an impervious surface and stored for later use.

The rapid industrialization and urbanization across the globe are among the key factors driving the growth of the market. Additionally, widespread adoption of metal scrap, especially steel, for the manufacturing of more affordable, lightweight and fuel-efficient vehicles, is acting as another growth-inducing factor. Furthermore, increasing consumer awareness regarding the environmental benefits of using recycled materials and minimizing the dependency on natural resources is also providing a boost to the market growth. Automotive recyclers are utilizing sophisticated tools and methods to recycle used vehicles to extract polymers, fluids and natural materials that cause minimal damage to the environment. They are also using various innovative products, such as optical sensors, to identify small pieces of metal in the scrap. Other factors, including the increasing utilization of recycled batteries in the manufacturing of consumer electronics and the implementation of government regulations to minimize environmental hazards associated with the disposal of batteries, rubber, oils and other materials, are expected to drive the market in the upcoming years.

IMARC Group’s latest report provides a deep insight into the global vehicle recycling market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the vehicle recycling industry in any manner.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vehicle recycling market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, material and application.

Breakup by Type:

Passenger Cars Recycling
Commercial Vehicles Recycling

Breakup by Material:

Iron
Aluminium
Steel
Rubber
Copper
Glass
Plastic
Others

Breakup by Application:

OEMs
Aftermarket

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being ASM Auto Recycling Ltd., Copart Inc., Eco-bat Technologies, INDRA, Keiaisha Co. Ltd., Hensel Recycling Group, LKQ Corporation, Schnitzer Steel Industries, Inc., Scholz Recycling GmbH, Sims Metal Management Limited, etc.

Key Questions Answered in This Report

1. What was the size of the global vehicle recycling market in 2023?
2. What is the expected growth rate of the global vehicle recycling market during 2024-2032?
3. What are the key factors driving the global vehicle recycling market?
4. What has been the impact of COVID-19 on the global vehicle recycling market?
5. What is the breakup of the global vehicle recycling market based on the type?
6. What is the breakup of the global vehicle recycling market based on the material?
7. What is the breakup of the global vehicle recycling market based on application?
8. What are the key regions in the global vehicle recycling market?
9. Who are the key players/companies in the global vehicle recycling market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL VEHICLE RECYCLING MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Passenger Cars Recycling
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Commercial Vehicles Recycling
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY MATERIAL

7.1 Iron
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Aluminium
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Steel
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Rubber
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Copper
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Glass
  7.6.1 Market Trends
  7.6.2 Market Forecast
7.7 Plastic
  7.7.1 Market Trends
  7.7.2 Market Forecast
7.8 Others
  7.8.1 Market Trends
  7.8.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 OEMs
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Aftermarket
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 ASM Auto Recycling Ltd.
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
  13.3.2 Copart Inc.
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
    13.3.2.3 Financials
  13.3.3 Eco-bat Technologies
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
  13.3.4 Hensel Recycling Group
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
  13.3.5 INDRA
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
  13.3.6 Keiaisha Co.,Ltd.
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
  13.3.7 LKQ Corporation
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
    13.3.7.3 SWOT
    13.3.7.4 Financials
  13.3.8 Schnitzer Steel Industries, Inc.
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
    13.3.8.3 SWOT
    13.3.8.4 Financials
  13.3.9 Scholz Recycling GmbH
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
  13.3.10 Sims Metal Management Limited
    13.3.10.1 Company Overview
    13.3.10.2 Product Portfolio
    13.3.10.3 SWOT
    13.3.10.4 Financials

LIST OF TABLES

Table 1: Global: Vehicle Recycling Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Vehicle Recycling Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Vehicle Recycling Market Forecast: Breakup by Material (in Million US$), 2024-2032
Table 4: Global: Vehicle Recycling Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Vehicle Recycling Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Vehicle Recycling Market: Competitive Structure
Table 7: Global: Vehicle Recycling Market: Key Players

LIST OF FIGURES

Figure 1: Global: Vehicle Recycling Market: Major Drivers and Challenges
Figure 2: Global: Vehicle Recycling Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Vehicle Recycling Market: Breakup by Type (in %), 2023
Figure 4: Global: Vehicle Recycling Market: Breakup by Material (in %), 2023
Figure 5: Global: Vehicle Recycling Market: Breakup by Application (in %), 2023
Figure 6: Global: Vehicle Recycling Market: Breakup by Region (in %), 2023
Figure 7: Global: Vehicle Recycling Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 8: Global: Vehicle Recycling (Passenger Cars Recycling) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Vehicle Recycling (Passenger Cars Recycling) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Vehicle Recycling (Commercial Vehicles Recycling) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Vehicle Recycling (Commercial Vehicles Recycling) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Vehicle Recycling (Iron) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Vehicle Recycling (Iron) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Vehicle Recycling (Aluminium) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Vehicle Recycling (Aluminium) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Vehicle Recycling (Steel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Vehicle Recycling (Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Vehicle Recycling (Rubber) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Vehicle Recycling (Rubber) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Vehicle Recycling (Copper) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Vehicle Recycling (Copper) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Vehicle Recycling (Glass) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Vehicle Recycling (Glass) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Vehicle Recycling (Plastic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Vehicle Recycling (Plastic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Vehicle Recycling (Other Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Vehicle Recycling (Other Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Vehicle Recycling (OEMs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Vehicle Recycling (OEMs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Vehicle Recycling (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Vehicle Recycling (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: North America: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: North America: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: United States: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: United States: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Canada: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Canada: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Asia Pacific: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Asia Pacific: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: China: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: China: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Japan: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Japan: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: India: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: India: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: South Korea: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: South Korea: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Australia: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Australia: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Indonesia: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Indonesia: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Others: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Others: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Europe: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Europe: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Germany: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Germany: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: France: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: France: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: United Kingdom: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: United Kingdom: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Italy: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Italy: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Spain: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Spain: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Russia: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Russia: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Latin America: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Latin America: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Brazil: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Brazil: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Mexico: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Mexico: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Middle East and Africa: Vehicle Recycling Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Middle East and Africa: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Global: Vehicle Recycling Industry: SWOT Analysis
Figure 81: Global: Vehicle Recycling Industry: Value Chain Analysis
Figure 82: Global: Vehicle Recycling Industry: Porter’s Five Forces Analysis


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