Increasing Demand for Metal Scrap Globally Drives Growth of Car Recycling and Dismantling Market

Car recycling and dismantling market is anticipated to grow at a significant CAGR of 12.1% during the forecast period (2024-2031). The market growth is attributed to the increasing use of metal scrap, particularly steel, in the production of lighter, more fuel-efficient, and more reasonably priced cars. Advanced technologies and techniques are being utilized by car recyclers to recover natural materials, polymers, and fluids from abandoned cars with the least amount of environmental harm. Additionally, the car recycling and dismantling market is driven by rising consumer awareness and the quick industrialization and urbanization of developing countries.

Browse the full report description of “Car Recycling and Dismantling Market Size, Share & Trends Analysis Report by Type (Disassembly and Recycling and Layered Utilization), and Application (Traditional Fuel Vehicle Recycling and Dismantling and New Energy Vehicle Recycling and Dismantling) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/car-recycling-and-dismantling-market

According to the Automotive Recyclers Association, the automotive recycling industry employs over 140,000 people in the US at more than 9,000 locations around the country. It generates $32.0 billion in sales nationwide.  Approximately 86.0% of a vehicle's material content is recycled, reused, or used for energy recovery. Each year the industry collects and reuses or recycles an estimated 8 million gallons of gasoline and diesel fuel, 24 million gallons of motor oil, 8 million gallons of engine coolant, 5 million gallons of windshield washer fluid, and 96.0% of all lead acid batteries.

Recent Developments

• In March 2024, Tata Motors introduced a state-of-the-art registered vehicle scrapping facility near Delhi. The launch of the fifth scrapping facility marks a significant step forward in making sustainable practices and responsible vehicle disposal more accessible. Creating value from scrap aligns with the vision of building a circular economy. It also contributes to the Government’s efforts to promote sustainable automotive practices.

• In June 2023, Stellantis N.V. and metals recycler Galloo announced they had signed a Memorandum of Understanding to enter into exclusive negotiations to form a joint venture focused on End-of-Life Vehicle (ELV) recycling as part of the automaker’s continued commitment to build its circular economy activities.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Type

o By Application

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- BMW Group, European Metal Recycling Ltd., LKQ Corp., Radius Recycling, Inc. (Schnitzer Steel Industries, Inc.), and Toyota Tsusho Corp. among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Car Recycling and Dismantling Market Report Segment

By Type

• Disassembly and Recycling
• Layered Utilization

By Application

• Traditional Fuel Vehicle Recycling and Dismantling

• New Energy Vehicle Recycling and Dismantling

Global Car Recycling and Dismantling Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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