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Vehicle Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global vehicle recycling market size reached US$ 67 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 139.8 Billion by 2027, exhibiting a growth rate (CAGR) of 14.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Material, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and Sims Metal Management Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

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$), 2016-2021
Figure 3: Global: Vehicle Recycling Market: Breakup by Type (in %), 2021
Figure 4: Global: Vehicle Recycling Market: Breakup by Material (in %), 2021
Figure 5: Global: Vehicle Recycling Market: Breakup by Application (in %), 2021
Figure 6: Global: Vehicle Recycling Market: Breakup by Region (in %), 2021
Figure 7: Global: Vehicle Recycling Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Vehicle Recycling (Passenger Cars Recycling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Vehicle Recycling (Passenger Cars Recycling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Vehicle Recycling (Commercial Vehicles Recycling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Vehicle Recycling (Commercial Vehicles Recycling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Vehicle Recycling (Iron) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Vehicle Recycling (Iron) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Vehicle Recycling (Aluminium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Vehicle Recycling (Aluminium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Vehicle Recycling (Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Vehicle Recycling (Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Vehicle Recycling (Rubber) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Vehicle Recycling (Rubber) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Vehicle Recycling (Copper) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Vehicle Recycling (Copper) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Vehicle Recycling (Glass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Vehicle Recycling (Glass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Vehicle Recycling (Plastic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Vehicle Recycling (Plastic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Vehicle Recycling (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Vehicle Recycling (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Vehicle Recycling (OEMs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Vehicle Recycling (OEMs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Vehicle Recycling (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Vehicle Recycling (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia Pacific: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia Pacific: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Vehicle Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Vehicle Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Vehicle Recycling Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Vehicle Recycling Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 4: Global: Vehicle Recycling Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Vehicle Recycling Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Vehicle Recycling Market: Competitive Structure
Table 7: Global: Vehicle Recycling Market: Key Players


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Key Questions Answered in This Report

The global vehicle recycling market was valued at US$ 67 Billion in 2021.

We expect the global vehicle recycling market to exhibit a CAGR of 14.1% during 2022-2027.

The widespread adoption of metal scrap in manufacturing more affordable, lightweight, and fuel-
efficient vehicles, along with the rising awareness towards the environmental benefits of using recycled
materials by reducing the dependency on natural resources, is primarily driving the global vehicle
recycling market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary closure of numerous automobiles and
recycle plants, thereby limiting the demand for vehicle recycling.

Based on the type, the global vehicle recycling market can be segmented into passenger cars recycling
and commercial vehicles recycling. Currently, passenger cars recycling holds the majority of the total
market share.

Based on the material, the global vehicle recycling market has been divided into iron, aluminium, steel,
rubber, copper, glass, plastic, and others. Among these, steel currently exhibits a clear dominance in the
market.

Based on the application, the global vehicle recycling market can be categorized into OEMs and
aftermarket. Currently, aftermarket accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global vehicle recycling market include 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.

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