Market Overview:
The global auto recycling market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for recycled automotive parts and components across the globe. Additionally, the growing awareness about environmental protection has led to an increase in the use of recycled automotive parts and components, which is further propelling the growth of this market. The global auto recycling market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into car body, engine, tyre, battery, and other components. The car body segment dominates this market owing to its high demand from OEMs for replacement parts. On the basis of application, it can be classified into two segments: auto repair shops and raw material suppliers/manufacturers.
Product Definition:
Auto recycling is the process of dismantling old, damaged, or totaled automobiles for their parts and materials. These parts and materials can then be used to build new automobiles, or other products. The importance of auto recycling lies in its ability to reuse valuable resources that would otherwise be wasted.
Car body:
Car body is the primary component of automobile. It holds majority of the weight and if it gets damaged then it becomes difficult to repair other parts. Thus, car body has high growth rate than any other part.
The average lifespan of a car is 5-6 years before it gets scratches and dents due to road accidents or vandals.
Engine:
The engine is the major part of vehicles that provides energy to move the vehicle. It is also known as power plant which contains vital components such as crankshaft, pistons, rods and other moving parts. The working principle of an engine is very simple; it consists of a cylinder with a piston at the bottom end and a spark plug attached to its top end.
Application Insights:
The auto repair market, on the basis of application, is segmented into body & chassis, powertrain and raw material. The body & chassis segment held a major share in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to high demand for replacement parts across all vehicle makes and models coupled with steady growth in automotive production globally. Body & chassis includes frame, doors/gateways, bumpers/horn assembly along with other components attached to it (lights/sirens).
Body & chassis accounted for around 40% of total revenue share in 2016 owing to its wide scope of utilization as replacement part or spares for various components such as tires (rim), electrical system including lights&wipers&airbags etc., engine block among others.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising disposable income, increasing vehicle production and sales, and growing environmental concerns. According to OICA, Asia Pacific held a share of 54% in 2017 in terms of automotive production. China is one of the largest markets for recycled materials as it has been implementing various policies aimed at reducing its dependence on raw material imports since 2010’s.
Europe was valued at USD X billion in 2017 owing to high demand from auto repair industry coupled with stringent regulations regarding waste management practices followed by EU member states (EURO). Germany accounted for a major share due to high demand from other European countries along with France and Italy which are among top 5 automobile producers globally according E URECYCLE Europe statistics 2018).
Growth Factors:
- Increasing environmental awareness among consumers for the need to recycle automobiles and their components.
- Stringent government regulations on automotive emissions and waste management, which will increase the demand for recycled auto parts and components.
- The increasing popularity of electric vehicles, which will create new opportunities for recycling automobile batteries, motors, and other electronic components.
- The growth of the sharing economy (e.g., Uber, Lyft) that is creating a new market for used cars and auto parts/components.
Scope Of The Report
Report Attributes
Report Details
Report Title
Auto Recycling Market Research Report
By Type
Car body, Engine, Tyre, Battery, Other
By Application
Auto Repair Market, Raw Material Market
By Companies
Scholz, Keiaisha Co., Ltd., ASM Auto Recycling, Schnitzer Steel Industries, LKQ, Toyota, ECOBAT Technologies, Sims Metal Management, EMR, Hensel Recycling, VW, Miracle Automation, KEIAISHA, Indra
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Auto Recycling Market Report Segments:
The global Auto Recycling market is segmented on the basis of:
Types
Car body, Engine, Tyre, Battery, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Auto Repair Market, Raw Material Market
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Scholz
- Keiaisha Co., Ltd.
- ASM Auto Recycling
- Schnitzer Steel Industries
- LKQ
- Toyota
- ECOBAT Technologies
- Sims Metal Management
- EMR
- Hensel Recycling
- VW
- Miracle Automation
- KEIAISHA
- Indra
Highlights of The Auto Recycling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Car body
- Engine
- Tyre
- Battery
- Other
- By Application:
- Auto Repair Market
- Raw Material Market
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Auto Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Auto recycling is the process of collecting and sorting used automotive parts for reuse. The parts are collected from businesses and consumers who have replaced or disposed of old or broken vehicles.
Some of the key players operating in the auto recycling market are Scholz, Keiaisha Co., Ltd., ASM Auto Recycling, Schnitzer Steel Industries, LKQ, Toyota, ECOBAT Technologies, Sims Metal Management, EMR, Hensel Recycling, VW, Miracle Automation, KEIAISHA, Indra.
The auto recycling market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Auto Recycling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Auto Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Auto Recycling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Auto Recycling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Auto Recycling Market Size & Forecast, 2018-2028
4.5.1 Auto Recycling Market Size and Y-o-Y Growth
4.5.2 Auto Recycling Market Absolute $ Opportunity
Chapter 5 Global Auto Recycling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Auto Recycling Market Size Forecast by Type
5.2.1 Car body
5.2.2 Engine
5.2.3 Tyre
5.2.4 Battery
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Auto Recycling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Auto Recycling Market Size Forecast by Applications
6.2.1 Auto Repair Market
6.2.2 Raw Material Market
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Auto Recycling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Auto Recycling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Auto Recycling Analysis and Forecast
9.1 Introduction
9.2 North America Auto Recycling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Auto Recycling Market Size Forecast by Type
9.6.1 Car body
9.6.2 Engine
9.6.3 Tyre
9.6.4 Battery
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Auto Recycling Market Size Forecast by Applications
9.10.1 Auto Repair Market
9.10.2 Raw Material Market
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Auto Recycling Analysis and Forecast
10.1 Introduction
10.2 Europe Auto Recycling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Auto Recycling Market Size Forecast by Type
10.6.1 Car body
10.6.2 Engine
10.6.3 Tyre
10.6.4 Battery
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Auto Recycling Market Size Forecast by Applications
10.10.1 Auto Repair Market
10.10.2 Raw Material Market
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Auto Recycling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Auto Recycling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Auto Recycling Market Size Forecast by Type
11.6.1 Car body
11.6.2 Engine
11.6.3 Tyre
11.6.4 Battery
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Auto Recycling Market Size Forecast by Applications
11.10.1 Auto Repair Market
11.10.2 Raw Material Market
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Auto Recycling Analysis and Forecast
12.1 Introduction
12.2 Latin America Auto Recycling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Auto Recycling Market Size Forecast by Type
12.6.1 Car body
12.6.2 Engine
12.6.3 Tyre
12.6.4 Battery
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Auto Recycling Market Size Forecast by Applications
12.10.1 Auto Repair Market
12.10.2 Raw Material Market
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Auto Recycling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Auto Recycling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Auto Recycling Market Size Forecast by Type
13.6.1 Car body
13.6.2 Engine
13.6.3 Tyre
13.6.4 Battery
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Auto Recycling Market Size Forecast by Applications
13.10.1 Auto Repair Market
13.10.2 Raw Material Market
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Auto Recycling Market: Competitive Dashboard
14.2 Global Auto Recycling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Scholz
14.3.2 Keiaisha Co., Ltd.
14.3.3 ASM Auto Recycling
14.3.4 Schnitzer Steel Industries
14.3.5 LKQ
14.3.6 Toyota
14.3.7 ECOBAT Technologies
14.3.8 Sims Metal Management
14.3.9 EMR
14.3.10 Hensel Recycling
14.3.11 VW
14.3.12 Miracle Automation
14.3.13 KEIAISHA
14.3.14 Indra
