Vehicle Recycling Market to Observe Strong Growth by 2030|

Vehicle Recycling market
Vehicle Recycling market

The Latest Released Vehicle Recycling market study has evaluated the future growth potential of Vehicle Recycling market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges, opportunities, and restraints in the Vehicle Recycling market. The study includes market share analysis and profiles of players such as The Walt Disney Co. (United States), Amazon.com, Inc. (United States), Apple, Inc. (United States), AT&T, Inc. (United States), Comcast Corp. (United States), iQIYI, Inc. (China), Netflix, Inc. (United States), Tencent Holdings Ltd. (China), Warner Media, Llc (United States), Sony Liv (India), Zee5 (India), Voot (India), MX Player (India), Hulu (United States), Starz (United States), Peacock (United States), Other.

 

According to HTF Market Intelligence, the Vehicle Recycling market size is estimated to increase by USD  Billion at a CAGR of 12.1% from 2023 to 2030. Currently, the market value is pegged at USD  Billion

 

This article will assist you in understanding the pattern with Impacting Trends if you are a Vehicle Recycling manufacturer and would like to check or comprehend the policy and regulatory ideas, designing clear explanations of the stakes, prospective winners and losers, and choices for improvement. Click To get SAMPLE PDF (Including Full TOC, Table & Figures) https://www.htfmarketintelligence.com/sample-report/global-vehicle-recycling-market?utm_source=Sweety_DailyNewsMirror&utm_id=Sweety

 

 Vehicle recycling is the process of dismantling a vehicle at the end of its useful life to extract spare parts and recyclable components. It’s also known as automobile scrapping.

 

 

Market Trends

Process of Deconstructing Automobiles In Order To Recover and Recycle Spare Parts and Fuel. People who have junk cars either sell them to a scrap yard or trade them in at a car dealership; they eventually end up at an auto wrecker for recycling. All reusable parts of a vehicle, such as wheels, windows, and trunk lids, hoods, seats, and doors, are removed from the wrecking yard. At the same time, mercury switches are removed and cars are drained of fluids for environmentally responsible recycling. The shredder accepts the car’s remaining hulk. It is then cut into fist-sized chunks of nonferrous metals, steel, and fluffs (non-recyclable plastics, glass, rubber, etc.). Steel and iron are separated magnetically from other contents and recycled. The metal scrap is then shipped to steel mills, where it is used to make new steel. Some metal scrap is also sold to secondary processors. The steel industry recycles more than 18 million tonnes of steel from automobiles each year. A car’s material content is recycled, reused, or used for energy recovery in about 86 percent of cases. Steel and iron make up roughly 60% of passenger vehicles. The steel used in the manufacture of a new car contains at least 25% recycled content. The car shell, hood, trunk, doors, and quarter panels are made from recycled steel from an old car.

Market Drivers

Vehicle Recycling Growing Demand Downstream. The automobile industry in India has been a success story. Since de-licensing in the early nineties, the growth in car and two-wheeler production and export has been spectacular. Vehicle production has increased tenfold while the number of vehicles on the road has increased fivefold. Annual car production is expected to reach six million in the next ten years, with two-wheeler production more than doubling to thirty million. Commercial vehicles and other categories will see corresponding increases in numbers. As newer vehicles become available, older vehicles that have reached the end of their useful lives must be scrapped. In the unorganized sector, cars and motorcycles are dismantled in a haphazard and unscientific manner. These units use unsanitary processes, resulting in air pollution, groundwater contamination, and serious health risks for the employees. Rapid industrialization and urbanization around the world are key factors driving market growth. Another growth-inducing factor is the widespread use of metal scrap, particularly steel, in the production of more affordable, lightweight, and fuel-efficient vehicles. Increasing consumer awareness of the environmental benefits of using recycled materials and reducing reliance on natural resources is also contributing to market growth.

Market Opportunities:

Vehicle Recycling Demand for Hybrid and Electric Vehicles. The auto recycling industry is vast, with a high demand for end-of-life vehicles (ELV) in both the automotive and steel industries. The automotive recycling industry’s opportunities and importance are both growing at an exponential rate. Junk car owners can sell their junk cars for cash in a variety of ways. They can sell their junk cars on Craigslist, eBay, and directly to scrap yards and automobile dealers. Simultaneously, scrap yards and car dealers compete for EOL vehicles advertised on Craigslist, eBay, or directly by junk car owners. Businesses must ensure that they are equipped with the most recent industry technologies and that they adhere to the ARA’s standards for auto recycling practices. Different types of lithium-ion and nickel metal hydride batteries are used in modern electric and hybrid vehicles. These battery types have a lifespan of several years, and in some cases, a decade. When a hybrid vehicle is scrapped, the car batteries in it can be recycled. Hybrid batteries containing nickel can be completely dismantled and recycled, whereas 90% of lithium-ion hybrid batteries can be recovered. As demand for hybrid vehicles grows in the UK and elsewhere, car scrappage companies are implementing environmentally friendly practices to manage the safe recycling of batteries. The Battery Directive covers lithium-ion batteries, and it requires that at least 50% of the battery be recycled.

 

Major Highlights of the Vehicle Recycling Market report released by HTF MI

The Vehicle Recycling Market is segmented by Global Vehicle Recycling Market Breakdown by Application (OEM’s, Aftermarket, Other) by Type (Passenger Cars Recycling, Commercial Vehicles Recycling) by Material (Iron, Aluminum, Steel, Rubber, Copper, Glass, Plastic, Other) and by Geography (North America, South America, Europe, Asia Pacific, MEA).

Revenue and Sales Estimation — Historical Revenue and sales volume are presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well-recognized Types and end-use industry.

SWOT Analysis on Vehicle Recycling Players
In addition to Market Share analysis of players, in-depth profiling, product/service, and business overview, the study also concentrates on BCG matrix, heat map analysis, FPNV positioning along with SWOT analysis to better correlate market competitiveness.

Demand from top-notch companies and government agencies is expected to rise as they seek more information on the latest scenario. Check the Demand Determinants section for more information.

Regulation Analysis
• Local System and Other Regulation: Regional variations in Laws for the use of Vehicle Recycling
• Regulation and its Implications
• Other Compliances

Have Any Query? Ask Our Expert @: https://www.htfmarketintelligence.com/enquiry-before-buy/global-vehicle-recycling-market?utm_source=Sweety_DailyNewsMirror&utm_id=Sweety

 

FIVE FORCES & PESTLE ANALYSIS:

In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.

• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

Book Latest Edition of Vehicle Recycling  Market Study https://www.htfmarketintelligence.com/buy-now?format=1&report=469?utm_source=Sweety_DailyNewsMirror&utm_id=Sweety

 

Heat map Analysis, 3-Year Financial and Detailed Company Profiles of Key & Emerging Players: The Walt Disney Co. (United States), Amazon.com, Inc. (United States), Apple, Inc. (United States), AT&T, Inc. (United States), Comcast Corp. (United States), iQIYI, Inc. (China), Netflix, Inc. (United States), Tencent Holdings Ltd. (China), Warner Media, Llc (United States), Sony Liv (India), Zee5 (India), Voot (India), MX Player (India), Hulu (United States), Starz (United States), Peacock (United States), Other.

Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

Check it Out Complete Details of Report @ https://www.htfmarketintelligence.com/report/global-vehicle-recycling-market

Overview of Vehicle Recycling Market

– Market dynamics

Growth Drivers, Market Trends, Opportunities and Challenges

Five Forces Analysis

Bargaining power of buyers, bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry

– Vehicle Recycling Size (USD & Sales Volume) Comparison by Type (2019- 2030)

– Vehicle Recycling Size (USD & Consumption) and Market Share Comparison by Application (2019- 2030)

– Vehicle Recycling Size (Value & Volume) Comparison by Region (2019- 2030)

– Market Capacity, Production, Export-Import by Region (2019-2023E)

– Vehicle Recycling Market Sales, Revenue and Growth Rate (2019- 2030)

– Competitive Situation and Trends

– Market Positioning and Share Analysis (2020-2023E)

– Suppliers High-Performance Operational Base Distribution

– Analyse competitors, Profiles, Sales Area, Product Category

Vehicle Recycling Cost Analysis

– Marketing Strategy Analysis

– Research Conclusions

Thanks for reading this article; HTF MI also offers Custom Research services providing focused, comprehensive, and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter-wise sections or region-wise reports like Balkan, China-based, Japanese, German, North American, Europe, or Southeast Asia.

 

Contact Us :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com
Connect with us at
 LinkedIn | Facebook | Twitter