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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The increasing demand for efficiency and safety in the disassembly process by incorporating robotics and automated technologies is driving the market growth. Automated tools facilitate material separation, component removal, and pollution abatement. The disassembly process has become more efficient owing to technologies such as robotic arms (with cameras and sensors). These precisely identify and remove different auto parts. AI can also recognize and classify parts that are still functional, which helps the car sector with its recycling and reuse initiatives. The process of disassembling cars in wrecking yards is being altered by AI-powered robots. These robots use computer vision and machine learning algorithms to quickly detect and locate valuable components, such as electronics, engines, and gearboxes.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Car Recycling and Dismantling Market by Type
- Disassembly and Recycling
- Layered Utilization
Global Car Recycling and Dismantling Market by Application
- Traditional Fuel Vehicle Recycling and Dismantling
- New Energy Vehicle Recycling and Dismantling
Regional Analysis
- North America
- United States
- Canada
- 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 and Africa
Company Profiles
- Scholz Recycling GMBH
- Auto Recycling Nederland (ARN)
- KEIAISHA CO., LTD.
- Tata Motors Ltd.
- CarTakeBack Ltd.
- LIBERTY Steel Group
- SA Recycling LLC
- Alter Trading Corp.
- Seda Environmental LLC
- Fenix Parts, Inc.
- GFL Environmental Inc.
- Kuusakoski Recycling
- Derichebourg Group
- Hensel Recycling Group
- Metalico, Inc.
- Marubeni Tetsugen Co., Ltd.
- Stena Metall AB
- Rosmerta Recycling
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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