Vehicle Recycling Market Report: Trends, Forecast and Competitive Analysis to 2030

Vehicle Recycling Trends and Forecast

The future of the global vehicle recycling market looks promising with opportunities in the passenger car recycling and commercial vehicle recycling markets. The global vehicle recycling market is expected to reach an estimated $155.9 billion by 2030 with a CAGR of 12.5% from 2024 to 2030. The major drivers for this market are significantly growing urbaniztion and industralization, increased awareness among consumers about the benefits of recycled vehicles, and rising investments in the vehicle recycling infrastructure.

A more than 150-page report is developed to help in your business decisions.

Vehicle Recycling by Segment

The study includes a forecast for the global vehicle recycling by material, vehicle type, and region.

Vehicle Recycling Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Iron
• Aluminium
• Steel
• Rubber
• Copper
• Glass
• Plastic
• Others

Vehicle Recycling Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars Recycling
• Commercial Vehicles Recycling

Vehicle Recycling Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Vehicle Recycling Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vehicle recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vehicle recycling companies profiled in this report include-

• ASM Auto Recycling
• Copart
• Eco-bat Technologies
• INDRA
• Keiaisha
• Hensel Recycling
• LKQ
• Schnitzer Steel Industries
• Scholz Recycling
• Sims Metal Management

Vehicle Recycling Market Insights

Lucintel forecasts that steel is expected to witness the highest growth over the forecast period as it is inexpensive in nature.

Within this market, passenger car recycling is expected to witness the higher growth.

APAC is expected to witness highest growth over the forecast period due to rapid economic growth and growing consumer awareness towards the environmental advantages of using recycled materials.

Features of the Global Vehicle Recycling Market

Market Size Estimates: Vehicle recycling market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Vehicle recycling market size by material, vehicle type, and region in terms of value ($B).

Regional Analysis: Vehicle recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different materials, vehicle types, and regions for the vehicle recycling market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vehicle recycling market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the vehicle recycling market size?

Answer: The global vehicle recycling market is expected to reach an estimated $155.9 billion by 2030.

Q2. What is the growth forecast for vehicle recycling market?

Answer: The global vehicle recycling market is expected to grow with a CAGR of 12.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the vehicle recycling market?

Answer: The major drivers for this market are significantly growing urbaniztion and industralization, increased awareness among consumers about the benefits of recycled vehicles, and rising investments in the vehicle recycling infrastructure.

Q4. What are the major segments for vehicle recycling market?

Answer: The future of the vehicle recycling market looks promising with opportunities in the passenger car recycling and commercial vehicle recycling markets.

Q5. Who are the key vehicle recycling market companies?

Answer: Some of the key vehicle recycling companies are as follows.

• ASM Auto Recycling
• Copart
• Eco-bat Technologies
• INDRA
• Keiaisha
• Hensel Recycling
• LKQ
• Schnitzer Steel Industries
• Scholz Recycling
• Sims Metal Management

Q6. Which vehicle recycling market segment will be the largest in future?

Answer: Lucintel forecasts that steel is expected to witness the highest growth over the forecast period as it is inexpensive in nature.

Q7. In vehicle recycling market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid economic growth and growing consumer awareness towards the environmental advantages of using recycled materials.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the vehicle recycling market by material (iron, aluminium, steel, rubber, copper, glass, plastic, and others), vehicle type (passenger cars recycling and commercial vehicles recycling), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?