United Kingdom Vehicle Recycling Market to Reach US$ 3.0 Billion by 2032, Impelled by Rising Environmental Concerns

June 14, 2022 | Automotive Industry

According to the latest report by IMARC Group, titled "United Kingdom Vehicle Recycling Market Report by Vehicle Type (Passenger Cars Recycling, Commercial Vehicles Recycling), Material (Steel, Copper, Aluminium, Rubber, Iron, Plastic, Glass, and Others), Application (Aftermarket, OEMs), and Region 2024-2032," the United Kingdom vehicle recycling market reached a value of US$ 1.9 Billion in 2023. Vehicle recycling refers to the process of dismantling an automobile in order to reuse its spare parts. It undergoes several steps, including a detailed inspection and disassembly of valuable parts, selling recovered parts, and crushing and shredding of metals into flat metal chunks. These recycled items are extensively utilized across multiple industry verticals for packaging, building and construction, industrial machinery, and shipbuilding. In the United Kingdom, the growing adoption of recycled batteries for the production of consumer electronics and the augmenting sales of used automobiles are impacting the market growth favorably.

United Kingdom Vehicle Recycling Market Trends:

The market in the United Kingdom is primarily driven by the rising environmental concerns among the masses. Coupled with the increasing initiatives undertaken by the governments of several countries for reducing greenhouse gas emissions and managing energy consumption, there has been a considerable rise in the demand for vehicle recycling across the region. Besides this, with the introduction of lithium-ion batteries, the recycling sector is implementing numerous strategies in order to ensure effective re-use and recycling of future automobiles, which is providing a boost to the market growth. Besides this, leading vehicle manufacturers and suppliers are engaged in the development of recycling projects and heavily investing in order to improve their recycling facilities. Moreover, the widespread utilization of vehicle recycled parts in the manufacturing of lightweight and affordable automobile variants is providing an impetus to the market. Other factors, including rapid industrialization, growing partnership agreement between automobile and recycling companies, and the increasing utilization of sophisticated and advanced recycling equipment, are also positively influencing the market across the United Kingdom. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 3.0 Billion by 2032, exhibiting a CAGR of 5.2% during 2024-2032.

Market Summary:

On the basis of the vehicle type, the market has been segregated into passenger cars and commercial vehicles recycling.
Based on the material, the market has been classified into steel, copper, aluminium, rubber, iron, plastic, glass and others.
On the basis of the application, the market has been segmented into aftermarket and OEMs.
Based on the region, the market has been divided into North West England, Yorkshire and the Humber, West Midlands, East of England, South West England, South East England, East Midlands, North East England, Greater London and others.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Ampthill Metal Company, ASM Auto Recycling Ltd., Auto Spares & Salvage Limited, CarTakeBack.com Limited, Charles Trent Ltd., Copart UK Ltd. (Copart Inc), Go Green Vehicle Recycling & Recovery Ltd., LJC Auto Spares Ltd, Motorhog Ltd. (SYNETIQ Limited), Norfolk Salvage, Overton Garage Limited, Recycling Lives Limited, Silverlake Garage, Sole Bay Car Spares Ltd., SWM & Waste Recycling Ltd., The Little Vehicle Recycling Company, Van Services Ltd., and Wigston Car Breakers.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Vehicle Type, Material, Application, Region
Region Covered	North West England, Yorkshire and the Humber, West Midlands, East of England, South West England, South East England, East Midlands, North East England, Greater London, Others
Companies Covered	Ampthill Metal Company, ASM Auto Recycling Ltd., Auto Spares & Salvage Limited, CarTakeBack.com Limited, Charles Trent Ltd., Copart UK Ltd. (Copart Inc), Go Green Vehicle Recycling & Recovery Ltd., LJC Auto Spares Ltd, Motorhog Ltd. (SYNETIQ Limited), Norfolk Salvage, Overton Garage Limited, Recycling Lives Limited, Silverlake Garage, Sole Bay Car Spares Ltd., SWM & Waste Recycling Ltd., The Little Vehicle Recycling Company, Van Services Ltd., and Wigston Car Breakers
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1 631 791 1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

United Kingdom Vehicle Recycling Market to Reach US$ 3.0 Billion by 2032, Impelled by Rising Environmental Concerns

Purchase options

Single User License ~~$3699~~ $2899
Five User License ~~$4699~~ $3899
Corporate User License ~~$5699~~ $4899

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.