Global Automotive Shredded Residue Recycling Market Growth (Status and Outlook) 2024-2030

Global Automotive Shredded Residue Recycling Market Growth (Status and Outlook) 2024-2030

Automotive Shredded Residue (ASR) recycling is a process that deals with the waste generated after a vehicle is shredded at the end of its life. Once the recyclable metals are removed, about 20-30% of the vehicle remains as ASR, which consists of plastics, rubber, glass, foam, fibers, and other non-metallic materials. ASR recycling involves separating these materials for recovery and reuse, reducing the amount sent to landfills. Advanced technologies like flotation, air classification, and chemical treatment are used to recover valuable components and convert non-recyclable fractions into energy or other by-products. ASR recycling is essential in achieving circular economy goals, as it enhances resource efficiency, reduces environmental impact, and aligns with regulations aimed at minimizing automotive waste.

The global Automotive Shredded Residue Recycling market size is projected to grow from US$ 1096 million in 2024 to US$ 1621 million in 2030; it is expected to grow at a CAGR of 6.7% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Automotive Shredded Residue Recycling Industry Forecast” looks at past sales and reviews total world Automotive Shredded Residue Recycling sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Shredded Residue Recycling sales for 2023 through 2029. With Automotive Shredded Residue Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Shredded Residue Recycling industry.

This Insight Report provides a comprehensive analysis of the global Automotive Shredded Residue Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Automotive Shredded Residue Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Shredded Residue Recycling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Shredded Residue Recycling and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Shredded Residue Recycling.

United States market for Automotive Shredded Residue Recycling is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Automotive Shredded Residue Recycling is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Automotive Shredded Residue Recycling is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Automotive Shredded Residue Recycling players cover Tomra, Galloo, MBA Polymers, PLANIC, Sims, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Shredded Residue Recycling market by product type, application, key players and key regions and countries.

Segmentation by Type:
Hardware Equipment
Recycling Service

Segmentation by Application:
Waste Disposal
Energy
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Hardware Equipment
Recycling Service

Segmentation by Application:
Waste Disposal
Energy
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Tomra
Galloo
MBA Polymers
PLANIC
Sims
Axion
Binder+Co
Machinex Industries
Wendt
Steinert
CP Manufacturing
BT-Wolfgang Binder

Please note: The report will take approximately 2 business days to prepare and deliver.