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PUBLISHER: IMARC | PRODUCT CODE: 1792495
PUBLISHER: IMARC | PRODUCT CODE: 1792495
Vehicle Recycling Market Report by Type (Passenger Cars Recycling, Commercial Vehicles Recycling), Material (Iron, Aluminium, Steel, Rubber, Copper, Glass, Plastic, and Others), Application (OEMs, Aftermarket), and Region 2025-2033
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The global vehicle recycling market size reached USD 93.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 254.0 Billion by 2033, exhibiting a growth rate (CAGR) of 13.37% during 2025-2033.
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:
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.
Key Questions Answered in This Report
- 1.What was the size of the global vehicle recycling market in 2024?
- 2.What is the expected growth rate of the global vehicle recycling market during 2025-2033?
- 3.What are the key factors driving the global vehicle recycling market?
- 4.What has been the impact of COVID-19 on the global vehicle recycling market?
- 5.What is the breakup of the global vehicle recycling market based on the type?
- 6.What is the breakup of the global vehicle recycling market based on the material?
- 7.What is the breakup of the global vehicle recycling market based on application?
- 8.What are the key regions in the global vehicle recycling market?
- 9.Who are the key players/companies in the global vehicle recycling market?
Product Code: SR112025A1907
Table of Contents
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 13.3.1 ASM Auto Recycling Ltd.
Product Code: SR112025A1907
List of Figures
- Figure 1: Global: Vehicle Recycling Market: Major Drivers and Challenges
- Figure 2: Global: Vehicle Recycling Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Vehicle Recycling Market: Breakup by Type (in %), 2024
- Figure 4: Global: Vehicle Recycling Market: Breakup by Material (in %), 2024
- Figure 5: Global: Vehicle Recycling Market: Breakup by Application (in %), 2024
- Figure 6: Global: Vehicle Recycling Market: Breakup by Region (in %), 2024
- Figure 7: Global: Vehicle Recycling Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 8: Global: Vehicle Recycling (Passenger Cars Recycling) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Vehicle Recycling (Passenger Cars Recycling) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Vehicle Recycling (Commercial Vehicles Recycling) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Vehicle Recycling (Commercial Vehicles Recycling) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Vehicle Recycling (Iron) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Vehicle Recycling (Iron) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Vehicle Recycling (Aluminium) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Vehicle Recycling (Aluminium) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Vehicle Recycling (Steel) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Vehicle Recycling (Steel) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Vehicle Recycling (Rubber) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Vehicle Recycling (Rubber) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Vehicle Recycling (Copper) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Vehicle Recycling (Copper) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Vehicle Recycling (Glass) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Vehicle Recycling (Glass) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Vehicle Recycling (Plastic) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Vehicle Recycling (Plastic) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Vehicle Recycling (Other Materials) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Vehicle Recycling (Other Materials) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Vehicle Recycling (OEMs) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Vehicle Recycling (OEMs) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Global: Vehicle Recycling (Aftermarket) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Global: Vehicle Recycling (Aftermarket) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: North America: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: North America: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: United States: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: United States: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Canada: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Canada: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: Asia Pacific: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: Asia Pacific: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: China: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: China: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: Japan: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: Japan: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: India: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: India: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: South Korea: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: South Korea: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: Australia: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: Australia: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Indonesia: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Indonesia: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Others: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Others: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Europe: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Europe: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Germany: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Germany: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: France: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: France: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: United Kingdom: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: United Kingdom: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Italy: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Italy: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Spain: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Spain: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Russia: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Russia: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Others: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Others: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Latin America: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Latin America: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Brazil: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Brazil: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Mexico: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Mexico: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Others: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Others: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 78: Middle East and Africa: Vehicle Recycling Market: Sales Value (in Million USD), 2019 & 2024
- Figure 79: Middle East and Africa: Vehicle Recycling Market Forecast: Sales Value (in Million USD), 2025-2033
- 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, 2024 and 2033
- Table 2: Global: Vehicle Recycling Market Forecast: Breakup by Type (in Million USD), 2025-2033
- Table 3: Global: Vehicle Recycling Market Forecast: Breakup by Material (in Million USD), 2025-2033
- Table 4: Global: Vehicle Recycling Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 5: Global: Vehicle Recycling Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Vehicle Recycling Market: Competitive Structure
- Table 7: Global: Vehicle Recycling Market: Key Players
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