PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1500697
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1500697
India Automotive Recycling Market, By Material; By Component; By Vehicle Type; By Channel; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Automotive Recycling Market Size Booming at Significant CAGR of More Than 9.1% to Reach USD 13.17 Billion by 2030
India Automotive Recycling Market is flourishing due to the rising scrap metal demand, the government's supportive regulations to address growing environmental concerns.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Automotive Recycling Market size at USD 8.24 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Automotive Recycling Market size to expand at a CAGR of 9.11% reaching a value of USD 13.17 billion by 2030. The Automotive Recycling Market in India is propelled by the increased awareness and sustainability initiatives, as well as rising fuel and raw material prices. Automotive recyclers employ advanced tools and techniques to extract environmentally friendly materials, such as polymers, fluids, and natural substances from used vehicles. Notably, the rapid industrialization and urbanization in developing countries, along with growing consumer awareness, are also propelling the automotive recycling market. Also, other key factors driving automotive recycling include the widespread use of metal scrap, particularly steel, to manufacture more affordable, lightweight, and fuel-efficient vehicles are expected to boost the expansion of the India Automotive Recycling Market during the period in analysis.
Impact of Escalating Geopolitical Tensions on India Automotive Recycling Market
Geopolitical tensions can have a multifaceted impact on the India Automotive Recycling Market. Trade disruptions and fluctuating international relations result in supply chain uncertainties and increased costs for importing advanced recycling technologies and raw materials. Additionally, these tensions can lead to volatile commodity prices, affecting the profitability and operational stability of recycling businesses. Heightened geopolitical risks may also divert governmental focus and resources away from developing robust recycling infrastructure and policies. Consequently, these challenges hinder the market's growth and its ability to meet sustainability goals effectively, while also affecting investor confidence in the sector.
India Automotive Recycling Market
Segmental Information
India Automotive Recycling Market - By Vehicle Type
Based on vehicle type, the India Automotive Recycling Market is bifurcated into Passenger Vehicles and Commercial Vehicles segments. The passenger vehicles segment holds a higher share in the India Automotive Recycling Market by vehicle type. It can be attributed to the sheer volume of passenger vehicles on the road compared to commercial vehicles. As the number of passenger cars increases, so does the supply of end-of-life vehicles available for recycling. Additionally, passenger vehicles contain a significant amount of recyclable materials such as steel, aluminum, plastics, and rubber, making them valuable sources for material recovery. The high turnover rate and shorter lifecycle of passenger vehicles, driven by consumer demand for newer models, also contribute to the dominance of this segment in the market.
Competitive Landscape
The India Automotive Recycling Market is fragmented, with numerous players serving the market. The key players dominating the India Automotive Recycling Market include Mahindra MSTC Recycling Pvt Ltd, Toyota Motor Corporation, Volkswagen Group, Renault Group, BMW AG, Vardhman Auto Recycling LLP, MG Motor India Private Limited, Maruti Suzuki India Limited, RecycleKaro, and Tata Motors Limited. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Automotive Recycling Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Automotive Recycling Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Automotive Recycling Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Scrap Metal Demand
- 3.2.1.2. Government Regulations
- 3.2.1.3. Growing Environmental Concerns
- 3.2.2. Restraints
- 3.2.2.1. Lack of Infrastructure
- 3.2.2.2. Informal Market Practices
- 3.2.3. Opportunities
- 3.2.3.1. Increased Consumer Awareness
- 3.2.3.2. Technological advancements
- 3.2.4. Challenges
- 3.2.4.1. Logistics & Collection System
- 3.2.4.2. End-of-Life Vehicle Processing Costs
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Automotive Recycling Market: Marketing Strategies
5. India Automotive Recycling Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Material
- 5.2.1.1. Ferrous (Iron, Steel)
- 5.2.1.2. Non-Ferrous Metals (Aluminum, Copper)
- 5.2.1.3. Rubber
- 5.2.1.4. Glass
- 5.2.1.5. Plastics
- 5.2.2. By Component
- 5.2.2.1. Engine & Transmission
- 5.2.2.2. Battery
- 5.2.2.3. Motor
- 5.2.2.4. Door
- 5.2.2.5. Windshield
- 5.2.2.6. Tire
- 5.2.2.7. BIW (Body-in-White)
- 5.2.2.8. Others
- 5.2.3. By Vehicle Type
- 5.2.3.1. Passenger Vehicles
- 5.2.3.2. Commercial Vehicles
- 5.2.3.3. Other
- 5.2.4. By Channel
- 5.2.4.1. OEM Recycling
- 5.2.4.2. Aftermarket Recycling
- 5.2.4.3. Others
- 5.2.5. By Region
- 5.2.5.1. North India
- 5.2.5.2. South India
- 5.2.5.3. East India
- 5.2.5.4. West India
- 5.2.1. By Material
6. North India Automotive Recycling Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Material
- 6.2.2. By Component
- 6.2.3. By Vehicle Type
- 6.2.4. By Channel
7. South India Automotive Recycling Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Material
- 7.2.2. By Component
- 7.2.3. By Vehicle Type
- 7.2.4. By Channel
8. East India Automotive Recycling Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Material
- 8.2.2. By Component
- 8.2.3. By Vehicle Type
- 8.2.4. By Channel
9. West India Automotive Recycling Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Material
- 9.2.2. By Component
- 9.2.3. By Vehicle Type
- 9.2.4. By Channel
10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. India Automotive Recycling Company Market Share Analysis, 2023
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Escalating Geopolitical Tensions on India Automotive Recycling Market
12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 12.1. Mahindra MSTC Recycling Pvt. Ltd
- 12.2. Toyota Motor Corporation
- 12.3. Volkswagen Group
- 12.4. Renault Group
- 12.5. BMW AG
- 12.6. Vardhman Auto Recycling LLP
- 12.7. MG Motor India Private Limited
- 12.8. Maruti Suzuki India Limited
- 12.9. RecycleKaro
- 12.10. Tata Motors Limited
- 12.11. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Automotive Recycling Segmentation
- Figure 2 India Automotive Recycling Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Automotive Recycling Market Size, By Value (USD Billion), 2019-2030
- Figure 5 India Automotive Recycling Market Share, By Material, By Value, 2019-2030
- Figure 6 India Automotive Recycling Market Share, By Component, By Value, 2019-2030
- Figure 7 India Automotive Recycling Market Share, By Vehicle Type, By Value, 2019-2030
- Figure 8 India Automotive Recycling Market Share, By Channel, By Value, 2019-2030
- Figure 9 North India Automotive Recycling Market Size, By Value (USD Billion), 2019-2030
- Figure 10 North India Automotive Recycling Market Share, By Material , By Value, 2019-2030
- Figure 11 North India Automotive Recycling Market Share, By Component, By Value, 2019-2030
- Figure 12 North India Automotive Recycling Market Share, By Vehicle Type, By Value, 2019-2030
- Figure 13 North India Automotive Recycling Market Share, By Channel, By Value, 2019-2030
- Figure 14 South India Automotive Recycling Market Size, By Value (USD Billion), 2019-2030
- Figure 15 South India Automotive Recycling Market Share, By Material , By Value, 2019-2030
- Figure 16 South India Automotive Recycling Market Share, By Component, By Value, 2019-2030
- Figure 17 South India Automotive Recycling Market Share, By Vehicle Type, By Value, 2019-2030
- Figure 18 South India Automotive Recycling Market Share, By Channel, By Value, 2019-2030
- Figure 19 East India Automotive Recycling Market Size, By Value (USD Billion), 2019-2030
- Figure 20 East India Automotive Recycling Market Share, By Material , By Value, 2019-2030
- Figure 21 East India Automotive Recycling Market Share, By Component, By Value, 2019-2030
- Figure 22 East India Automotive Recycling Market Share, By Vehicle Type, By Value, 2019-2030
- Figure 23 East India Automotive Recycling Market Share, By Channel, By Value, 2019-2030
- Figure 24 West India Automotive Recycling Market Size, By Value (USD Billion), 2019-2030
- Figure 25 West India Automotive Recycling Market Share, By Material , By Value, 2019-2030
- Figure 26 West India Automotive Recycling Market Share, By Component, By Value, 2019-2030
- Figure 27 West India Automotive Recycling Market Share, By Vehicle Type, By Value, 2019-2030
- Figure 28 West India Automotive Recycling Market Share, By Channel, By Value, 2019-2030
List of Tables
- Table 1 India Automotive Recycling Market Size, By Value (USD Billion), 2019-2030
- Table 2 India Automotive Recycling Market Share, By Material, By Value, 2019-2030
- Table 3 India Automotive Recycling Market Share, By Component, By Value, 2019-2030
- Table 4 India Automotive Recycling Market Share, By Vehicle Type, By Value, 2019-2030
- Table 5 India Automotive Recycling Market Share, By Channel, By Value, 2019-2030
- Table 6 North India Automotive Recycling Market Size, By Value (USD Billion), 2019-2030
- Table 7 North India Automotive Recycling Market Share, By Material , By Value, 2019-2030
- Table 8 North India Automotive Recycling Market Share, By Component, By Value, 2019-2030
- Table 9 North India Automotive Recycling Market Share, By Vehicle Type, By Value, 2019-2030
- Table 10 North India Automotive Recycling Market Share, By Channel, By Value, 2019-2030
- Table 11 South India Automotive Recycling Market Size, By Value (USD Billion), 2019-2030
- Table 12 South India Automotive Recycling Market Share, By Material , By Value, 2019-2030
- Table 13 South India Automotive Recycling Market Share, By Component, By Value, 2019-2030
- Table 14 South India Automotive Recycling Market Share, By Vehicle Type, By Value, 2019-2030
- Table 15 South India Automotive Recycling Market Share, By Channel, By Value, 2019-2030
- Table 16 East India Automotive Recycling Market Size, By Value (USD Billion), 2019-2030
- Table 17 East India Automotive Recycling Market Share, By Material , By Value, 2019-2030
- Table 18 East India Automotive Recycling Market Share, By Component, By Value, 2019-2030
- Table 19 East India Automotive Recycling Market Share, By Vehicle Type, By Value, 2019-2030
- Table 20 East India Automotive Recycling Market Share, By Channel, By Value, 2019-2030
- Table 21 West India Automotive Recycling Market Size, By Value (USD Billion), 2019-2030
- Table 22 West India Automotive Recycling Market Share, By Material , By Value, 2019-2030
- Table 23 West India Automotive Recycling Market Share, By Component, By Value, 2019-2030
- Table 24 West India Automotive Recycling Market Share, By Vehicle Type, By Value, 2019-2030
- Table 25 West India Automotive Recycling Market Share, By Channel, By Value, 2019-2030
- Table 26 Mahindra MSTC Recycling Company Overview
- Table 27 Mahindra MSTC Recycling Financial Overview
- Table 28 Toyota Motor Corporation Company Overview
- Table 29 Toyota Motor Corporation Financial Overview
- Table 30 Volkswagen Group Company Overview
- Table 31 Volkswagen Group Financial Overview
- Table 32 Renault Group Company Overview
- Table 33 Renault Group Financial Overview
- Table 34 BMW AG Company Overview
- Table 35 BMW AG Financial Overview
- Table 36 Vardhman Auto Recycling LLP Company Overview
- Table 37 Vardhman Auto Recycling LLP Financial Overview
- Table 38 MG Motor India Private Limited Company Overview
- Table 39 MG Motor India Private Limited Financial Overview
- Table 40 Maruti Suzuki India Limited Company Overview
- Table 41 Maruti Suzuki India Limited Financial Overview
- Table 42 RecycleKaro Company Overview
- Table 43 RecycleKaro Financial Overview
- Table 44 Tata Motors Limited Company Overview
- Table 45 Tata Motors Limited Financial Overview
- Table 46 Other Prominent Players Company Overview
- Table 47 Other Prominent Players Company Overview
