Car Recycle Market size was valued at US$ 67.1 Bn. in 2021 and the total revenue is expected to grow at 14.1 % through 2022 to 2029, reaching nearly US$ 192.76 Bn.Car Recycle Market Overview:
Car recycling contains reusing restored parts and shredding and recycling car materials like plastics, aluminums, and steel. End-of-life vehicles are crushed in recycling plants to eliminate parts and hence crushed to recuperate materials. There are four essential advances engaged with the recycling of ELV vehicles, which incorporate, Dismantling, Crushing, Shredding, and Material Recovery. Sheet metals, attractive parts, gas, seats, sound system, wheels and so on are taken out and exchanged. Steel represents the biggest material to be recycled in the metals class, trailed by ferrous and nonferrous metals. More than 18 million tons of steel is recycled consistently from end-of-life vehicles. Division advances like swirl current, laser, infra-red, and buoyancy partition innovations are utilized to isolate the non-ferrous metals into unadulterated surges of materials which are then sent for re-purifying.To know about the Research Methodology :- Request Free Sample Report Vehicles keep a large recycling rate of 80%, automobiles are the most recycled buyer items around the world, hence the car recycling market holds high potential universally.
Car Recycle Market Dynamics:
Governments across the globe, like the U.S., have been dynamic in imposing high duties on the import of virgin steel to keep up with ware costs and to help material recycling. Hence, automakers are constrained to utilize recycled steel. Recycler’s affiliations and governments around the world, like Automotive Recyclers Association (ARA) and the U.S Environmental Protection Agency, are executing feasible practices to lessen the natural effect. Automakers and car parts makers are constrained to utilize restored and recycled parts. Expanded advancements in recycling and the foundation of fresher brands, like Green Recycled Parts (GRP) by ARA, these factors are expected to drive the market through the forecast period. Presently, around 39 kinds of plastics and polymers are utilized in automobiles. The presence of a huge assortment of plastics and polymers represents a test for a recycler with a high cycle value. In any case, rising natural norms overall and developing accentuation on recycling plastics are assessed to help the recycling pace of plastics utilized in insides, guards, and gas tanks. The car recycling market is expected to observe a fast expansion through the forecast period due to the expansion in the number of cars and end-of-life vehicles. It alludes to the crushing of the vehicles for spare parts. Auto recyclers have been zeroing in on the recyclability of car parts, significantly for the steel and iron parts. Another significant part considered in recycling is getting the polymers, liquids and normal materials for deals or reuse. More than 27 million cars across the world arrive at the finish of their lives yearly. Old vehicles and models engaged in crashes add to the significant portion of cars that are sent for recycling. A rise in awareness among consumers, energy-saving necessities, and the need to bring down ozone-harming substance outflow levels are a portion of the central point driving the car recycling market. Fast development in industrialization and urbanization in emerging countries and expanding buyer mindfulness drive the metal recycling market. Car recyclers are utilizing modern techniques and systems to work on their inflow of old vehicles. The rising advantages of car recycling, for example, the avoidance of risky fluid from going to landfills consistently and reserve funds worth a great many barrels of oil, which can be utilized for different designs, are further supporting business sector development.Car Recycle Market Segment Analysis:
By Material, the market is segmented into Iron, Aluminum, Steel, Rubber, Copper, Glass, Plastic, and Others. The metals segment is expected to dominate the market through the forecast period. Moreover, an expansion in the number of junk cars for scrap auto business, exchanging, and recycling are predicted to decidedly impact the metal section's portion in the worldwide car recycling market. Headways in the steel business are predicted to set off the demand for additional treated steel from recyclers. The Rubber portion is expected to observe a huge upswing in the car recycling market development, inferable from its use in the plan and assembling of car vehicles. Rigid unofficial laws and changing buyer ways of behaving are supposed to drive the demand for more reasonable, lightweight, and eco-friendly cars. A rise in awareness among consumers, energy-saving necessities, and the need to bring down ozone-harming substance outflow levels are a portion of the central point driving the car recycling market. Fast development in industrialization and urbanization in emerging countries and expanding buyer mindfulness drive the metal recycling market. Car recyclers are utilizing modern techniques and systems to work on their inflow of old vehicles. The rising advantages of car recycling, for example, the avoidance of risky fluid from going to landfills consistently and reserve funds worth a great many barrels of oil, which can be utilized for different designs, are further supporting business sector development.By Type, the Market is segmented into Passenger Cars Recycling, Commercial Vehicles Recycling. The Passenger Cars Recycling segment is expected to dominate the market through the forecast period, and it is expected to grow at the highest CAGR through the forecast period. Due to various governmental norms, rules and regulations, the old cars are becoming useless thus, the market is expected to grow through the forecast period.
Car Recycle Market Regional Insights:
The North America Market is expected to dominate the market through the forecast period. Car recycling is a noticeable billion-dollar industry in the U.S utilizing more than 100,000 individuals. The U.S has the most elevated vehicle recycling rate worldwide and thus, holds a main portion of the worldwide car recycling market. The Asia Pacific contributes altogether to the production of vehicles, regarding volume; moreover, the car recycling rate in emerging nations in the area is somewhat low. the rise in awareness and dynamic government drives to advance green plans of action is expected to drive the car recycling market in the region. The objective of the report is to present a comprehensive analysis of the Car Recycle Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Car Recycle Market dynamics, structure by analyzing the market segments and project the Car Recycle Market size. Clear representation of competitive analysis of key players By Type, price, financial position, product portfolio, growth strategies, and regional presence in the Car Recycle Market make the report investor’s guide.Car Recycle Market Scope: Inquire before buying
Global Car Recycle Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 67.1 Bn. Forecast Period 2022 to 2029 CAGR: 14.1 % Market Size in 2029: US $ 192.76 Bn. Segments Covered: by Type • Passenger Cars Recycling • Commercial Vehicles Recycling by Material • Iron • Aluminum • Steel • Rubber • Copper • Glass • Plastic • Others Car Recycle Market, by Region:
• North America • Europe • Asia Pacific • Middle East and Africa • South AmericaCar Recycle Market Key Players:
• Scholz Recycling GmbH • Schnitzer Steel Industries, Inc. • Sims Metal Management Limited • Hensel Recycling Group • INDRA • Keiaisha Co., Ltd. • LKQ Corporation • Toyota Motor Corporation • Eco-Bat Technologies Ltd • European Metal Recycling (EMR) • Tianqi Automation Engineering Co., Ltd. (Miracle Automation) • ASM Auto Recycling Ltd Inc Frequently Asked Questions: 1. What is the forecast period considered for the Car Recycle Market report? Ans. The forecast period for the Car Recycle Market is 2021-2029. 2. Which key factors are hindering the growth of the Car Recycle Market? Ans. The High Cost of manufacturing expected to hinder the market. 3. What is the compound annual growth rate (CAGR) of the Car Recycle Market for the forecast period? Ans. The CAGR of Car Recycle Market is 14.1 % 4. What are the key factors driving the growth of the Car Recycle Market? Ans. Rise in awareness among Consumers driving the market. 5. Which are the worldwide major key players covered for the Car Recycle Market report? Ans. Scholz Recycling GmbH, Schnitzer Steel Industries, Inc., Sims Metal Management Limited Hensel Recycling Group, INDRA, Keiaisha Co., Ltd., LKQ Corporation, Toyota Motor Corporation, Eco-Bat Technologies Ltd, European Metal Recycling (EMR), Tianqi Automation Engineering Co., Ltd. (Miracle Automation) ASM Auto Recycling Ltd
1. Car Recycle Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Car Recycle Market: Dynamics 2.1. Car Recycle Market Trends by Region 2.1.1. North America Car Recycle Market Trends 2.1.2. Europe Car Recycle Market Trends 2.1.3. Asia Pacific Car Recycle Market Trends 2.1.4. Middle East and Africa Car Recycle Market Trends 2.1.5. South America Car Recycle Market Trends 2.2. Car Recycle Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Car Recycle Market Drivers 2.2.1.2. North America Car Recycle Market Restraints 2.2.1.3. North America Car Recycle Market Opportunities 2.2.1.4. North America Car Recycle Market Challenges 2.2.2. Europe 2.2.2.1. Europe Car Recycle Market Drivers 2.2.2.2. Europe Car Recycle Market Restraints 2.2.2.3. Europe Car Recycle Market Opportunities 2.2.2.4. Europe Car Recycle Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Car Recycle Market Drivers 2.2.3.2. Asia Pacific Car Recycle Market Restraints 2.2.3.3. Asia Pacific Car Recycle Market Opportunities 2.2.3.4. Asia Pacific Car Recycle Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Car Recycle Market Drivers 2.2.4.2. Middle East and Africa Car Recycle Market Restraints 2.2.4.3. Middle East and Africa Car Recycle Market Opportunities 2.2.4.4. Middle East and Africa Car Recycle Market Challenges 2.2.5. South America 2.2.5.1. South America Car Recycle Market Drivers 2.2.5.2. South America Car Recycle Market Restraints 2.2.5.3. South America Car Recycle Market Opportunities 2.2.5.4. South America Car Recycle Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Car Recycle Industry 2.8. Analysis of Government Schemes and Initiatives For Car Recycle Industry 2.9. Car Recycle Market Trade Analysis 2.10. The Global Pandemic Impact on Car Recycle Market 3. Car Recycle Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2021-2029 3.1. Car Recycle Market Size and Forecast, by Type (2021-2029) 3.1.1. Passenger Cars Recycling 3.1.2. Commercial Vehicles Recycling 3.2. Car Recycle Market Size and Forecast, by Material (2021-2029) 3.2.1. Iron 3.2.2. Aluminum 3.2.3. Steel 3.2.4. Rubber 3.2.5. Copper 3.2.6. Glass 3.2.7. Plastic 3.2.8. Others 3.3. Car Recycle Market Size and Forecast, by Region (2021-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Car Recycle Market Size and Forecast by Segmentation (by Value in USD Million) 2021-2029 4.1. North America Car Recycle Market Size and Forecast, by Type (2021-2029) 4.1.1. Passenger Cars Recycling 4.1.2. Commercial Vehicles Recycling 4.2. North America Car Recycle Market Size and Forecast, by Material (2021-2029) 4.2.1. Iron 4.2.2. Aluminum 4.2.3. Steel 4.2.4. Rubber 4.2.5. Copper 4.2.6. Glass 4.2.7. Plastic 4.2.8. Others 4.3. North America Car Recycle Market Size and Forecast, by Country (2021-2029) 4.3.1. United States 4.3.1.1. United States Car Recycle Market Size and Forecast, by Type (2021-2029) 4.3.1.1.1. Passenger Cars Recycling 4.3.1.1.2. Commercial Vehicles Recycling 4.3.1.2. United States Car Recycle Market Size and Forecast, by Material (2021-2029) 4.3.1.2.1. Iron 4.3.1.2.2. Aluminum 4.3.1.2.3. Steel 4.3.1.2.4. Rubber 4.3.1.2.5. Copper 4.3.1.2.6. Glass 4.3.1.2.7. Plastic 4.3.1.2.8. Others 4.3.2. Canada 4.3.2.1. Canada Car Recycle Market Size and Forecast, by Type (2021-2029) 4.3.2.1.1. Passenger Cars Recycling 4.3.2.1.2. Commercial Vehicles Recycling 4.3.2.2. Canada Car Recycle Market Size and Forecast, by Material (2021-2029) 4.3.2.2.1. Iron 4.3.2.2.2. Aluminum 4.3.2.2.3. Steel 4.3.2.2.4. Rubber 4.3.2.2.5. Copper 4.3.2.2.6. Glass 4.3.2.2.7. Plastic 4.3.2.2.8. Others 4.3.3. Mexico 4.3.3.1. Mexico Car Recycle Market Size and Forecast, by Type (2021-2029) 4.3.3.1.1. Passenger Cars Recycling 4.3.3.1.2. Commercial Vehicles Recycling 4.3.3.2. Mexico Car Recycle Market Size and Forecast, by Material (2021-2029) 4.3.3.2.1. Iron 4.3.3.2.2. Aluminum 4.3.3.2.3. Steel 4.3.3.2.4. Rubber 4.3.3.2.5. Copper 4.3.3.2.6. Glass 4.3.3.2.7. Plastic 4.3.3.2.8. Others 5. Europe Car Recycle Market Size and Forecast by Segmentation (by Value in USD Million) 2021-2029 5.1. Europe Car Recycle Market Size and Forecast, by Type (2021-2029) 5.2. Europe Car Recycle Market Size and Forecast, by Material (2021-2029) 5.3. Europe Car Recycle Market Size and Forecast, by Country (2021-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Car Recycle Market Size and Forecast, by Type (2021-2029) 5.3.1.2. United Kingdom Car Recycle Market Size and Forecast, by Material (2021-2029) 5.3.2. France 5.3.2.1. France Car Recycle Market Size and Forecast, by Type (2021-2029) 5.3.2.2. France Car Recycle Market Size and Forecast, by Material (2021-2029) 5.3.3. Germany 5.3.3.1. Germany Car Recycle Market Size and Forecast, by Type (2021-2029) 5.3.3.2. Germany Car Recycle Market Size and Forecast, by Material (2021-2029) 5.3.4. Italy 5.3.4.1. Italy Car Recycle Market Size and Forecast, by Type (2021-2029) 5.3.4.2. Italy Car Recycle Market Size and Forecast, by Material (2021-2029) 5.3.5. Spain 5.3.5.1. Spain Car Recycle Market Size and Forecast, by Type (2021-2029) 5.3.5.2. Spain Car Recycle Market Size and Forecast, by Material (2021-2029) 5.3.6. Sweden 5.3.6.1. Sweden Car Recycle Market Size and Forecast, by Type (2021-2029) 5.3.6.2. Sweden Car Recycle Market Size and Forecast, by Material (2021-2029) 5.3.7. Austria 5.3.7.1. Austria Car Recycle Market Size and Forecast, by Type (2021-2029) 5.3.7.2. Austria Car Recycle Market Size and Forecast, by Material (2021-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Car Recycle Market Size and Forecast, by Type (2021-2029) 5.3.8.2. Rest of Europe Car Recycle Market Size and Forecast, by Material (2021-2029) 6. Asia Pacific Car Recycle Market Size and Forecast by Segmentation (by Value in USD Million) 2021-2029 6.1. Asia Pacific Car Recycle Market Size and Forecast, by Type (2021-2029) 6.2. Asia Pacific Car Recycle Market Size and Forecast, by Material (2021-2029) 6.3. Asia Pacific Car Recycle Market Size and Forecast, by Country (2021-2029) 6.3.1. China 6.3.1.1. China Car Recycle Market Size and Forecast, by Type (2021-2029) 6.3.1.2. China Car Recycle Market Size and Forecast, by Material (2021-2029) 6.3.2. S Korea 6.3.2.1. S Korea Car Recycle Market Size and Forecast, by Type (2021-2029) 6.3.2.2. S Korea Car Recycle Market Size and Forecast, by Material (2021-2029) 6.3.3. Japan 6.3.3.1. Japan Car Recycle Market Size and Forecast, by Type (2021-2029) 6.3.3.2. Japan Car Recycle Market Size and Forecast, by Material (2021-2029) 6.3.4. India 6.3.4.1. India Car Recycle Market Size and Forecast, by Type (2021-2029) 6.3.4.2. India Car Recycle Market Size and Forecast, by Material (2021-2029) 6.3.5. Australia 6.3.5.1. Australia Car Recycle Market Size and Forecast, by Type (2021-2029) 6.3.5.2. Australia Car Recycle Market Size and Forecast, by Material (2021-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Car Recycle Market Size and Forecast, by Type (2021-2029) 6.3.6.2. Indonesia Car Recycle Market Size and Forecast, by Material (2021-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Car Recycle Market Size and Forecast, by Type (2021-2029) 6.3.7.2. Malaysia Car Recycle Market Size and Forecast, by Material (2021-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Car Recycle Market Size and Forecast, by Type (2021-2029) 6.3.8.2. Vietnam Car Recycle Market Size and Forecast, by Material (2021-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Car Recycle Market Size and Forecast, by Type (2021-2029) 6.3.9.2. Taiwan Car Recycle Market Size and Forecast, by Material (2021-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Car Recycle Market Size and Forecast, by Type (2021-2029) 6.3.10.2. Rest of Asia Pacific Car Recycle Market Size and Forecast, by Material (2021-2029) 7. Middle East and Africa Car Recycle Market Size and Forecast by Segmentation (by Value in USD Million) 2021-2029 7.1. Middle East and Africa Car Recycle Market Size and Forecast, by Type (2021-2029) 7.2. Middle East and Africa Car Recycle Market Size and Forecast, by Material (2021-2029) 7.3. Middle East and Africa Car Recycle Market Size and Forecast, by Country (2021-2029) 7.3.1. South Africa 7.3.1.1. South Africa Car Recycle Market Size and Forecast, by Type (2021-2029) 7.3.1.2. South Africa Car Recycle Market Size and Forecast, by Material (2021-2029) 7.3.2. GCC 7.3.2.1. GCC Car Recycle Market Size and Forecast, by Type (2021-2029) 7.3.2.2. GCC Car Recycle Market Size and Forecast, by Material (2021-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Car Recycle Market Size and Forecast, by Type (2021-2029) 7.3.3.2. Nigeria Car Recycle Market Size and Forecast, by Material (2021-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Car Recycle Market Size and Forecast, by Type (2021-2029) 7.3.4.2. Rest of ME&A Car Recycle Market Size and Forecast, by Material (2021-2029) 8. South America Car Recycle Market Size and Forecast by Segmentation (by Value in USD Million) 2021-2029 8.1. South America Car Recycle Market Size and Forecast, by Type (2021-2029) 8.2. South America Car Recycle Market Size and Forecast, by Material (2021-2029) 8.3. South America Car Recycle Market Size and Forecast, by Country (2021-2029) 8.3.1. Brazil 8.3.1.1. Brazil Car Recycle Market Size and Forecast, by Type (2021-2029) 8.3.1.2. Brazil Car Recycle Market Size and Forecast, by Material (2021-2029) 8.3.2. Argentina 8.3.2.1. Argentina Car Recycle Market Size and Forecast, by Type (2021-2029) 8.3.2.2. Argentina Car Recycle Market Size and Forecast, by Material (2021-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Car Recycle Market Size and Forecast, by Type (2021-2029) 8.3.3.2. Rest Of South America Car Recycle Market Size and Forecast, by Material (2021-2029) 9. Global Car Recycle Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2021) 9.3.5. Company Locations 9.4. Leading Car Recycle Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Scholz Recycling GmbH 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Schnitzer Steel Industries, Inc. 10.3. Sims Metal Management Limited 10.4. Hensel Recycling Group 10.5. INDRA 10.6. Keiaisha Co., Ltd. 10.7. LKQ Corporation 10.8. Toyota Motor Corporation 10.9. Eco-Bat Technologies Ltd 10.10. European Metal Recycling (EMR) 10.11. Tianqi Automation Engineering Co., Ltd. (Miracle Automation) 10.12. ASM Auto Recycling Ltd Inc 11. Key Findings 12. Industry Recommendations 13. Car Recycle Market: Research Methodology 14. Terms and Glossary