CAR RECYCLING AND DISMANTLING MARKET IS LIKELY TO INCREASE AT A SIGNIFICANTLY HIGH CAGR DURING FORECAST PERIOD 2030

Car Recycling and Dismantling Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2030

Car Recycling and Dismantling Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2030

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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 increasing economic and environmental benefits in recovering materials from End-Of-Life Vehicles (ELVs), and remanufacturing of Waste Steel Sheets (WSS) from ELVs into useful Mesh Steel Sheets (MSS) for metal forming applications drive the growth of the market. According to the World Steel Association AISBL, the average recycling rate for steel and iron in cars is about 90.0%. Each year, the steel industry recycles more than 14 million tons of steel from ELVs. This is equivalent to nearly 13.5 million automobiles. When comparing the amount of steel recycled from automobiles each year to the amount of steel used to produce new automobiles that same year, automobiles maintain a recycling rate of nearly 100.0%. By weight, the typical passenger car consists of about 65.0% steel and iron. The steel used in car bodies is made with about 25.0% recycled steel.

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Growing focus on recycling and recovering materials from old cars, such as glass, plastic, and metals, to cut waste and promote a circular economy. Use of eco-friendly recycling and disassembly procedures, such as cautious handling of batteries and fluids, to reduce the negative effects on the environment. ELVs can also be an important source of secondary raw materials, such as metal and other materials, which if salvaged and/or reused/recycled, can be again fed into the economy thereby helping to close the loop of sustainable resource circulation and reducing the demand for virgin raw materials. According to the International Public Policy Association, estimates for India suggest that more than 8.7 million vehicles have reached the end-of-life phase by 2015, and this number is expected to rise to 21 million in 2025.

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  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


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

  • copyright


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


The Report Covers

  • Market value data analysis of 2023 and forecast to 2031.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global car recycling and dismantling market. Based on the availability of data, information related to new products, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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