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Vehicle Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 144 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5769240
Description Jump to:
The global vehicle recycling market size reached US$ 72.3 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 160.2 Billion by 2028, exhibiting a CAGR of 14.18% during 2022-2028.

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.

The publisher’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:

The publisher 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 2023-2028. 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:

  • What was the size of the global vehicle recycling market in 2022?
  • What is the expected growth rate of the global vehicle recycling market during 2023-2028?
  • What are the key factors driving the global vehicle recycling market?
  • What has been the impact of COVID-19 on the global vehicle recycling market?
  • What is the breakup of the global vehicle recycling market based on the type?
  • What is the breakup of the global vehicle recycling market based on the material?
  • What is the breakup of the global vehicle recycling market based on application?
  • What are the key regions in the global vehicle recycling market?
  • Who are the key players/companies in the global vehicle recycling market?

Table of Contents

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 Figures
Figure 1: Global: Vehicle Recycling Market: Major Drivers and Challenges
Figure 2: Global: Vehicle Recycling Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Vehicle Recycling Market: Breakup by Type (in %), 2022
Figure 4: Global: Vehicle Recycling Market: Breakup by Material (in %), 2022
Figure 5: Global: Vehicle Recycling Market: Breakup by Application (in %), 2022
Figure 6: Global: Vehicle Recycling Market: Breakup by Region (in %), 2022
Figure 7: Global: Vehicle Recycling Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Vehicle Recycling (Passenger Cars Recycling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Vehicle Recycling (Passenger Cars Recycling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Vehicle Recycling (Commercial Vehicles Recycling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Vehicle Recycling (Commercial Vehicles Recycling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Vehicle Recycling (Iron) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Vehicle Recycling (Iron) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Vehicle Recycling (Aluminium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Vehicle Recycling (Aluminium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Vehicle Recycling (Steel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Vehicle Recycling (Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Vehicle Recycling (Rubber) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Vehicle Recycling (Rubber) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Vehicle Recycling (Copper) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Vehicle Recycling (Copper) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Vehicle Recycling (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Vehicle Recycling (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Vehicle Recycling (Plastic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Vehicle Recycling (Plastic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Vehicle Recycling (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Vehicle Recycling (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Vehicle Recycling (OEMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Vehicle Recycling (OEMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Vehicle Recycling (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Vehicle Recycling (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: North America: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: North America: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: United States: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: United States: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Canada: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Canada: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Asia Pacific: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Asia Pacific: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: China: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: China: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Japan: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Japan: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: India: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: India: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: South Korea: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: South Korea: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Australia: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Australia: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Indonesia: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Indonesia: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Others: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Others: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Europe: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Europe: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Germany: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Germany: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: France: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: France: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: United Kingdom: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: United Kingdom: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Italy: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Italy: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Spain: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Spain: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Russia: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Russia: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Latin America: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Latin America: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Brazil: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Brazil: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Mexico: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Mexico: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Middle East and Africa: Vehicle Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Middle East and Africa: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
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

List of Tables
Table 1: Global: Vehicle Recycling Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Vehicle Recycling Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Vehicle Recycling Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 4: Global: Vehicle Recycling Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Vehicle Recycling Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Vehicle Recycling Market: Competitive Structure
Table 7: Global: Vehicle Recycling Market: Key Players

Companies Mentioned

  • 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

Methodology

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Table Information

Report AttributeDetails
No. of Pages144
PublishedMarch 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 72.3 Billion
Forecasted Market Value ( USD ) by 2028 $ 160.2 Billion
Compound Annual Growth Rate14.1%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Vehicle Recycling Market

The Vehicle Recycling market within the Automotive industry is a growing sector that focuses on the reuse and repurposing of vehicles and their components. It is a process that involves the dismantling of vehicles, sorting of parts, and the reuse of components. This process helps to reduce the amount of waste generated from the automotive industry, as well as reduce the need for new parts and materials. Vehicle recycling also helps to reduce the environmental impact of the automotive industry, as it reduces the amount of energy and resources needed to produce new parts. The Vehicle Recycling market is composed of a variety of companies, including dismantlers, recyclers, and parts suppliers. Dismantlers are responsible for the disassembly of vehicles, while recyclers are responsible for the sorting and reuse of parts. Parts suppliers provide new and used parts to the automotive industry. Some of the companies in the Vehicle Recycling market include LKQ Corporation, Copart, Inc., and U-Pull-It. Show Less Read more

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