Market Overview:
The global vehicle 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 the growing awareness about environmental benefits of vehicle recycling. Passenger vehicles are expected to account for the majority of the global vehicle recycling market share in terms of volume, while commercial vehicles are projected to register higher growth rates during the forecast period. Parts recycling is anticipated to be the fastest-growing application segment in terms of value during 2018-2030. North America dominates the global vehicle recycling market, followed by Europe and Asia Pacific.
Product Definition:
Vehicle recycling is the process of dismantling vehicles for spare parts and materials. The importance of vehicle recycling lies in its ability to conserve resources and reduce environmental impacts. When recycled, automotive materials can be reused in other products, cutting down on the need to produce new items from scratch. In addition, recycling old vehicles helps keep harmful pollutants out of the air and water.
Passenger Vehicle:
Passenger vehicle is a general term for any road vehicle that is designed to carry passengers and is used as a means of transportation. It can be categorized into two types: light-duty passenger vehicles and heavy-duty passenger vehicles. The global market for passenger vehicle has been witnessing significant growth over the past few years, owing to increasing demand from emerging economies such as China, India, Brazil and Middle East countries.
Commercial Vehicle:
Commercial Vehicle is a vehicle that is used for transportation of goods and products from one place to another. Commercial vehicles include trucks, vans, buses, and others.
Application Insights:
Based on the application, the global vehicle recycling market has been segmented into vehicle recycling and parts recycling. Vehiclerecycling is estimated to dominate the overall industry in terms of volume as well as revenue over the forecast period. The increasing production of new vehicles and replacement of old vehicles with newer models are someofthe key factors driving this growth.
The Parts Recycling segment is expected to grow at a significant rate over the forecast period owing to rising demand for used parts in various end-use industries such as automotive, marine and electronics among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global production as well as consumption of automobiles. It has been observed that countries such as China, Japan, South Korea, India and Australia have exhibited high vehicle recycling rates in comparison to other developed nations. This can be attributed to various factors such as low ownership rate, high demand for vehicles among youth population and increasing awareness about vehicle recycling.
The European market is anticipated to witness significant growth over the forecast period owing to stringent regulations regarding waste management coupled with rising environmental concerns among consumers driving force behind higher adoption of recycled materials across several industries including automotive industry.
Growth Factors:
- Increasing environmental awareness among consumers for the need to recycle vehicles and reduce pollution.
- Stringent government regulations on vehicle emissions and recycling which will drive the market growth.
- Rising prices of metals and other raw materials used in manufacturing vehicles, which will increase the incentive for recycling them instead of dumping them in landfills or incinerating them.
- Growing demand from developing countries for recycled vehicles as they strive to achieve a higher level of automotive penetration and improve their overall quality of life.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Recycling Market Research Report
By Type
Passenger Vehicle, Commercial Vehicle
By Application
Vehicle Recycling, Parts Recycling
By Companies
LKQ Corporation, Guangdong Metal Recycle Company, Indra, Schnitzer Steel, MATEC, ARN, SA Recycling, Toyota, BMW Group
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Recycling Market Report Segments:
The global Vehicle Recycling market is segmented on the basis of:
Types
Passenger Vehicle, Commercial Vehicle
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
Vehicle Recycling, Parts Recycling
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:
- LKQ Corporation
- Guangdong Metal Recycle Company
- Indra
- Schnitzer Steel
- MATEC
- ARN
- SA Recycling
- Toyota
- BMW Group
Highlights of The Vehicle 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:
- Passenger Vehicle
- Commercial Vehicle
- By Application:
- Vehicle Recycling
- Parts Recycling
- 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 Vehicle 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?
Vehicle recycling is the process of recovering usable parts from a vehicle and turning them into new vehicles or components.
Some of the major companies in the vehicle recycling market are LKQ Corporation, Guangdong Metal Recycle Company, Indra, Schnitzer Steel, MATEC, ARN, SA Recycling, Toyota, BMW Group.
The vehicle recycling market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle 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 Vehicle Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle 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 Vehicle 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 Vehicle Recycling Market Size & Forecast, 2018-2028
4.5.1 Vehicle Recycling Market Size and Y-o-Y Growth
4.5.2 Vehicle Recycling Market Absolute $ Opportunity
Chapter 5 Global Vehicle 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 Vehicle Recycling Market Size Forecast by Type
5.2.1 Passenger Vehicle
5.2.2 Commercial Vehicle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vehicle 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 Vehicle Recycling Market Size Forecast by Applications
6.2.1 Vehicle Recycling
6.2.2 Parts Recycling
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle 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 Vehicle 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 Vehicle Recycling Analysis and Forecast
9.1 Introduction
9.2 North America Vehicle 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 Vehicle Recycling Market Size Forecast by Type
9.6.1 Passenger Vehicle
9.6.2 Commercial Vehicle
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 Vehicle Recycling Market Size Forecast by Applications
9.10.1 Vehicle Recycling
9.10.2 Parts Recycling
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 Vehicle Recycling Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicle 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 Vehicle Recycling Market Size Forecast by Type
10.6.1 Passenger Vehicle
10.6.2 Commercial Vehicle
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 Vehicle Recycling Market Size Forecast by Applications
10.10.1 Vehicle Recycling
10.10.2 Parts Recycling
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 Vehicle Recycling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicle 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 Vehicle Recycling Market Size Forecast by Type
11.6.1 Passenger Vehicle
11.6.2 Commercial Vehicle
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 Vehicle Recycling Market Size Forecast by Applications
11.10.1 Vehicle Recycling
11.10.2 Parts Recycling
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 Vehicle Recycling Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicle 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 Vehicle Recycling Market Size Forecast by Type
12.6.1 Passenger Vehicle
12.6.2 Commercial Vehicle
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 Vehicle Recycling Market Size Forecast by Applications
12.10.1 Vehicle Recycling
12.10.2 Parts Recycling
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) Vehicle Recycling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicle 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) Vehicle Recycling Market Size Forecast by Type
13.6.1 Passenger Vehicle
13.6.2 Commercial Vehicle
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) Vehicle Recycling Market Size Forecast by Applications
13.10.1 Vehicle Recycling
13.10.2 Parts Recycling
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 Vehicle Recycling Market: Competitive Dashboard
14.2 Global Vehicle Recycling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LKQ Corporation
14.3.2 Guangdong Metal Recycle Company
14.3.3 Indra
14.3.4 Schnitzer Steel
14.3.5 MATEC
14.3.6 ARN
14.3.7 SA Recycling
14.3.8 Toyota
14.3.9 BMW Group
