자동차 재활용 시장 예측(-2030년) : 차종별, ELV(End-of-Life Vehicle) 유형별, 재료별, 재활용 프로세스별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Automotive Recycling Market is accounted for $116.4 billion in 2024 and is expected to reach $196.3 billion by 2030, growing at a CAGR of 9.1% during the forecast period. Automotive recycling is the process of dismantling end-of-life vehicles (ELVs) to recover valuable materials and components for reuse or recycling. It involves a systematic approach to dismantling and shredding vehicles to extract metals, plastics, glass, rubber, and other materials.

According to Statista, the global automotive manufacturing industry generated approximately 2.52 trillion U.S. dollars in revenue in 2022, with expectations of growth in 2023.

Market Dynamics:

Driver:

Growing awareness of sustainability

Increasing environmental consciousness is driving the automotive recycling market. Consumers, manufacturers, and governments are recognizing the importance of sustainable practices in the automotive industry. This awareness is leading to stricter regulations on end-of-life vehicle disposal and recycling. Automotive companies are adopting more recyclable materials and design-for-recycling approaches. The push for a circular economy in the automotive sector is encouraging the development of more efficient recycling processes. This trend is boosting the demand for automotive recycling services and creating new opportunities for recyclers.

Restraint:

Lack of organized collection systems

The absence of well-structured collection systems for end-of-life vehicles poses a significant challenge to the automotive recycling market. In many regions, especially developing countries, there is a lack of formal processes for collecting and transporting vehicles to recycling facilities. This leads to inefficiencies in the recycling process and potential environmental hazards from improper disposal. The fragmented nature of collection systems can result in valuable materials being lost or underutilized.

Opportunity:

Development of new recycling technologies

Innovations in material separation, processing, and recovery techniques are improving the efficiency and profitability of recycling operations. New technologies are enabling the recovery of previously difficult-to-recycle materials, such as carbon fiber composites and lithium-ion batteries from electric vehicles. Automated sorting systems and AI-driven processes are enhancing the speed and accuracy of material recovery. These technological developments are opening up new revenue streams for recyclers and increasing the overall value recovered from end-of-life vehicles.

Threat:

Changes in vehicle design

Evolving vehicle designs pose a potential threat to the automotive recycling market. As manufacturers increasingly use lightweight materials, complex composites, and advanced electronics in vehicles, traditional recycling processes may become less effective or economically viable. The shift towards electric vehicles introduces new challenges, such as the recycling of large battery packs. Changes in material composition and vehicle structure can require significant investments in new recycling equipment and processes. Recyclers must continuously adapt to these design changes to maintain profitability and efficiency, which can be costly and time-consuming.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted the automotive recycling market due to lockdowns and reduced vehicle usage. However, it also accelerated the adoption of digital technologies in recycling operations. The pandemic highlighted the importance of resilient supply chains, potentially boosting the demand for recycled materials. As the automotive industry recovers, there's an increased focus on sustainability, which may drive long-term growth in the recycling sector.

The passenger vehicles segment is expected to be the largest during the forecast period

The passenger vehicles segment dominates the automotive recycling market due to its larger volume and more frequent turnover compared to commercial vehicles. The sheer number of passenger cars on the road translates to a higher quantity of end-of-life vehicles entering the recycling stream. Additionally, passenger vehicles often contain a diverse range of materials, including metals, plastics, and electronics, making them valuable sources for recyclers. The segment's growth is further supported by increasing consumer awareness of environmental issues and government regulations promoting vehicle recycling.

The plastic segment is expected to have the highest CAGR during the forecast period

The plastic segment in automotive recycling is experiencing rapid growth due to various factors. The increasing use of plastics in vehicle manufacturing to reduce weight and improve fuel efficiency is driving this trend. Advancements in plastic recycling technologies are making it more economically viable to recover and reprocess automotive plastics. Growing environmental concerns and regulations regarding plastic waste are pushing manufacturers to incorporate more recycled plastics in new vehicles. Additionally, the versatility of recycled plastics in various applications beyond the automotive sector is creating new market opportunities, further accelerating the growth of this segment.

Region with largest share:

North America dominates the automotive recycling market due to its well-established automotive industry and advanced recycling infrastructure. The region has stringent environmental regulations promoting vehicle recycling and resource recovery. The presence of major automotive manufacturers and a large vehicle fleet contributes to a steady supply of end-of-life vehicles. North America also benefits from technological advancements in recycling processes and a growing consumer awareness of sustainability issues. The region's mature market and high vehicle ownership rates further solidify its leading position in the global automotive recycling landscape.

Region with highest CAGR:

The Asia Pacific region is experiencing rapid growth in the automotive recycling market. The region's booming automotive industry, particularly in countries like China and India, is generating a growing volume of end-of-life vehicles. Increasing environmental awareness and tightening regulations are pushing for more formal recycling practices. Rapid urbanization and rising disposable incomes are leading to higher vehicle ownership and turnover rates. Additionally, governments in the region are investing in recycling infrastructure and promoting sustainable practices, further accelerating market growth.

Key players in the market

Some of the key players in Automotive Recycling market include AMA All Metal & Auto Recycling, ASM Auto Recycling Ltd., Car Heaven, Copart Inc., European Metal Recycling, Hensel Recycling Group, Keiaisha Co., Ltd., LKQ Corporation, Miller's Auto Recycling, Miracle Automation Engineering Co., Ltd., SA Recycling, Schnitzer Steel Industries Inc., Schoeller-Bleckmann AG, Scholz Recycling GmbH, Sims Metal Management Limited, Toyota Motor Corporation, and Volkswagen AG.

Key Developments:

In February 2024, Hensel Recycling, a leading company in precious metals recycling, announces the successful completion of an acquisition agreement of California based Red Fox Resources. The partnership will further strengthen Hensel Recycling's position in the US and North American markets.

Vehicle Types Covered:

• Passenger Vehicles
• Commercial Vehicles

ELV Types Covered:

• End-of-Life Vehicles (ELVs)
• Accident Vehicles
• Trade-in Vehicles
• Other ELV Types

Materials Covered:

• Steel
• Aluminum
• Plastic
• Glass
• Rubber
• Other Materials

Recycling Processes Covered:

• Shredding
• Dismantling
• Material Recovery
• Refurbishment

Applications Covered:

• New Products Manufacture
• Reusable Parts

End Users Covered:

• Automotive Manufacturing
• Construction
• Metal Production
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Automotive Recycling Market, By Vehicle Type

• 5.1 Introduction
• 5.2 Passenger Vehicles
  • 5.2.1 Compact Cars
  • 5.2.2 Sedans
  • 5.2.3 SUVs
  • 5.2.4 Other Passenger Vehicles
• 5.3 Commercial Vehicles
  • 5.3.1 Light Commercial Vehicles (LCVs)
  • 5.3.2 Heavy Commercial Vehicles (HCVs)

6 Global Automotive Recycling Market, By End-of-Life Vehicle (ELV) Type

• 6.1 Introduction
• 6.2 End-of-Life Vehicles (ELVs)
• 6.3 Accident Vehicles
• 6.4 Trade-in Vehicles
• 6.5 Other ELV Types

7 Global Automotive Recycling Market, By Material

• 7.1 Introduction
• 7.2 Steel
• 7.3 Aluminum
• 7.4 Plastic
• 7.5 Glass
• 7.6 Rubber
• 7.7 Other Materials

8 Global Automotive Recycling Market, By Recycling Process

• 8.1 Introduction
• 8.2 Shredding
• 8.3 Dismantling
• 8.4 Material Recovery
• 8.5 Refurbishment

9 Global Automotive Recycling Market, By Application

• 9.1 Introduction
• 9.2 New Products Manufacture
• 9.3 Reusable Parts

10 Global Automotive Recycling Market, By End User

• 10.1 Introduction
• 10.2 Automotive Manufacturing
• 10.3 Construction
• 10.4 Metal Production
• 10.5 Other End Users

11 Global Automotive Recycling Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 AMA All Metal & Auto Recycling
• 13.2 ASM Auto Recycling Ltd.
• 13.3 Car Heaven
• 13.4 Copart Inc.
• 13.5 European Metal Recycling
• 13.6 Hensel Recycling Group
• 13.7 Keiaisha Co., Ltd.
• 13.8 LKQ Corporation
• 13.9 Miller's Auto Recycling
• 13.10 Miracle Automation Engineering Co., Ltd.
• 13.11 SA Recycling
• 13.12 Schnitzer Steel Industries Inc.
• 13.13 Schoeller-Bleckmann AG
• 13.14 Scholz Recycling GmbH
• 13.15 Sims Metal Management Limited
• 13.16 Toyota Motor Corporation
• 13.17 Volkswagen AG