Global Vehicle Recycling Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Global Vehicle Recycling Market 2023 by Company, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Vehicle Recycling market size was valued at USD 77200 million in 2022 and is forecast to a readjusted size of USD 197070 million by 2029 with a CAGR of 14.3% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

LKQ is the world's largest manufacturers of the Vehicle Recycling with a market share of about 13%. Other major manufacturers include Schnitzer Steel Industries, Scholz and Sims Metal Management, etc. The North America region is the world's largest market for Vehicle Recycling, has a share nearly 40%, followed by Europe and Asia-Pacific, with share about 30% and 27%, separately. In terms of product types, steel is the largest market segment, occupying for a share of about 68%. In terms of product applications, Vehicle Recycling is mainly used in materials recycling, with a market share of over 80%, the rest are reusable parts.

The automobile is already one of the most effectively recovered and recycled consumer products, with its parts being used again in vehicles or for other purposes. The metals used in its manufacture are routinely recovered, reused and recycled to high levels.

A major benefit of car recycling is that the steel from their parts can be reused for other purposes. This means that new ore doesn’t have to be mined and less energy is needed for the manufacture of recycled steel. This results in less air pollution, less water pollution and less mining waste, all a plus for the environment.

Proper recycling of cars also safely disposes of hazardous materials from the vehicle, such as oil, coolant, brake fluid and air conditioning gases that are harmful to environment and humans.

This report is a detailed and comprehensive analysis for global Vehicle Recycling market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global Vehicle Recycling market size and forecasts, in consumption value ($ Million), 2018-2029

Global Vehicle Recycling market size and forecasts by region and country, in consumption value ($ Million), 2018-2029

Global Vehicle Recycling market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029

Global Vehicle Recycling market shares of main players, in revenue ($ Million), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Vehicle Recycling

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Vehicle Recycling market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include LKQ, Schnitzer Steel Industries, Scholz, Sims Metal Management and European Metal Recycling, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market segmentation

Vehicle Recycling market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Automotive Steel Recycling
Automotive Non-ferrous Metal Recycling
Automotive Plastic Recycling
Automotive Rubber Recycling
Others

Market segment by Application
Materials Recycling
Reusable Parts

Market segment by players, this report covers
LKQ
Schnitzer Steel Industries
Scholz
Sims Metal Management
European Metal Recycling
ECOBAT Technologies
ALBA Europe
Miracle Automation Engineering
GEM
KEIAISHA
Toyota Metal
Indra
SA Metal Group
Mahindra MSTC Recycling
Anel Doga
Kaiho Sangyo
GWA
Renova Ecopeças

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Vehicle Recycling product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Vehicle Recycling, with revenue, gross margin and global market share of Vehicle Recycling from 2018 to 2023.

Chapter 3, the Vehicle Recycling competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Vehicle Recycling market forecast, by regions, type and application, with consumption value, from 2024 to 2029.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War

Chapter 12, the key raw materials and key suppliers, and industry chain of Vehicle Recycling.

Chapter 13, to describe Vehicle Recycling research findings and conclusion.