Vehicle Recycling Market Report by Type (Passenger Cars Recycling, Commercial Vehicles Recycling), Material (Iron, Aluminium, Steel, Rubber, Copper, Glass, Plastic, and Others), Application (OEMs, Aftermarket), and Region 2025-2033

Vehicle Recycling Market Report by Type (Passenger Cars Recycling, Commercial Vehicles Recycling), Material (Iron, Aluminium, Steel, Rubber, Copper, Glass, Plastic, and Others), Application (OEMs, Aftermarket), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112024A1907
Year End sale Buy Now

Market Overview:

The global vehicle recycling market size reached USD 93.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 254.0 Billion by 2033, exhibiting a growth rate (CAGR) of 13.37% during 2025-2033.

Report Attribute
 Key Statistics 
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 93.1 Billion
Market Forecast in 2033
USD 254.0 Billion
Market Growth Rate 2025-2033 13.37%


Vehicle recycling refers to the process of disassembling automobiles to recover and recycle spare parts, fuel and scrap metals. This involves processes such as dismantling, crushing, shredding and material recovery through which magnetic pieces, sheet metals, seats, wheels and other components are retrieved. Separation technologies, such as laser, infrared, eddy current and flotation methods, are used to isolate the non-ferrous metals from other materials, which are then sent for re-smelting. In addition to this, the reusable components are cleaned, tested and refurbished for resale, while the fluids are drained over an impervious surface and stored for later use.

The rapid industrialization and urbanization across the globe are among the key factors driving the growth of the market. Additionally, widespread adoption of metal scrap, especially steel, for the manufacturing of more affordable, lightweight and fuel-efficient vehicles, is acting as another growth-inducing factor. Furthermore, increasing consumer awareness regarding the environmental benefits of using recycled materials and minimizing the dependency on natural resources is also providing a boost to the market growth. Automotive recyclers are utilizing sophisticated tools and methods to recycle used vehicles to extract polymers, fluids and natural materials that cause minimal damage to the environment. They are also using various innovative products, such as optical sensors, to identify small pieces of metal in the scrap. Other factors, including the increasing utilization of recycled batteries in the manufacturing of consumer electronics and the implementation of government regulations to minimize environmental hazards associated with the disposal of batteries, rubber, oils and other materials, are expected to drive the market in the upcoming years.

IMARC Group’s latest report provides a deep insight into the global vehicle recycling market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the vehicle recycling industry in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vehicle recycling market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, material and application.

Breakup by Type:

  • Passenger Cars Recycling
  • Commercial Vehicles Recycling
     

Breakup by Material:

  • Iron
  • Aluminium
  • Steel
  • Rubber
  • Copper
  • Glass
  • Plastic
  • Others
     

Breakup by Application:

  • OEMs
  • Aftermarket
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being ASM Auto Recycling Ltd., Copart Inc., Eco-bat Technologies, INDRA, Keiaisha Co. Ltd., Hensel Recycling Group, LKQ Corporation, Schnitzer Steel Industries, Inc., Scholz Recycling GmbH, Sims Metal Management Limited, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Type, Material, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ASM Auto Recycling Ltd., Copart Inc., Eco-bat Technologies, INDRA, Keiaisha Co. Ltd., Hensel Recycling Group, LKQ Corporation, Schnitzer Steel Industries, Inc., Scholz Recycling GmbH and Sims Metal Management Limited
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global vehicle recycling market was valued at USD 93.1 Billion in 2024.

We expect the global vehicle recycling market to exhibit a CAGR of 13.37% during 2025-2033.

The widespread adoption of metal scrap in manufacturing more affordable, lightweight, and fuel- efficient vehicles, along with the rising awareness towards the environmental benefits of using recycled materials by reducing the dependency on natural resources, is primarily driving the global vehicle recycling market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous automobiles and recycle plants, thereby limiting the demand for vehicle recycling.

Based on the type, the global vehicle recycling market can be segmented into passenger cars recycling and commercial vehicles recycling. Currently, passenger cars recycling holds the majority of the total market share.

Based on the material, the global vehicle recycling market has been divided into iron, aluminium, steel, rubber, copper, glass, plastic, and others. Among these, steel currently exhibits a clear dominance in the market.

Based on the application, the global vehicle recycling market can be categorized into OEMs and aftermarket. Currently, aftermarket accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global vehicle recycling market include ASM Auto Recycling Ltd., Copart Inc., Eco-bat Technologies, INDRA, Keiaisha Co. Ltd., Hensel Recycling Group, LKQ Corporation, Schnitzer Steel Industries, Inc., Scholz Recycling GmbH, Sims Metal Management Limited, etc.

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Vehicle Recycling Market Report by Type (Passenger Cars Recycling, Commercial Vehicles Recycling), Material (Iron, Aluminium, Steel, Rubber, Copper, Glass, Plastic, and Others), Application (OEMs, Aftermarket), and Region 2025-2033
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