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Global Vehicle Scrapping Market Report 2024

Vehicle Scrapping Global Market Report 2024 – By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Material (Steel, Aluminum, Copper, Other Materials), By Application (New Products Manufacture, Reusable Parts) – Market Size, Trends, And Global Forecast 2024-2033

Vehicle Scrapping Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 175 | Published : November 2024 | Delivery Time: 2-3 business days | Format : pdf

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Vehicle Scrapping Market Definition

Vehicle scrapping refers to the process of dismantling and disposing of an end-of-life vehicle in an environmentally responsible manner. This process involves removing and recycling usable parts, safely disposing of hazardous materials, and crushing the remaining vehicle frame to recover metal and other materials. The vehicle scrapping process ensures that vehicles that are no longer operational or are deemed unfit for the road are handled in a way that minimizes environmental impact.

The main types of vehicles in vehicle scrapping are passenger vehicles and commercial vehicles. Passenger vehicles refer to automobiles primarily designed for transporting passengers rather than cargo. These vehicles are composed of various materials, including steel, aluminum, copper, and others, which are utilized for different applications such as manufacturing new products and providing reusable parts.

Vehicle Scrapping Market Segmentation

The vehicle scrapping market covered in this report is segmented –

1) By Vehicle Type: Passenger Vehicles, Commercial Vehicles

2) By Material: Steel, Aluminum, Copper, Other Materials

3) By Application: New Products Manufacture, Reusable Parts

Global Vehicle Scrapping Market Size 2023 to 2028: Graph

Vehicle Scrapping Market Size 2024 And Growth Rate

The vehicle scrapping market size has grown rapidly in recent years. It will grow from $70.21 billion in 2023 to $80.90 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to growing urbanization and space constraints, increased use of autonomous vehicles, the growing popularity of shared mobility services, the globalization of vehicle recycling standards, and an increasing focus on second-life applications.

Vehicle Scrapping Market Growth Forecast

The vehicle scrapping market size is expected to see rapid growth in the next few years. It will grow to $143.69 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to growing consumer demand for sustainable and eco-friendly products, individuals’ preference for vehicle ownership, increased focus on the circular economy, an increase in electric vehicle (EV) scrapping, and the expansion of recycling infrastructure. Major trends in the forecast period include advancements in electric vehicles (EVs), technological innovations in recycling, advancements in battery recycling, recycling of lightweight materials, and technological integration.

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Vehicle Scrapping Market Driver: Growing Environmental Consciousness Propels Vehicle Scrapping Market Growth

The growing environmental consciousness is expected to propel the growth of the vehicle scrapping market going forward. Environmental consciousness refers to an awareness and understanding of the impact of human actions on the environment and a commitment to making choices that minimize adverse effects. The growing environmental consciousness is due to climate change awareness, scientific research, ecological disasters, and sustainability movements. Vehicle scrapping supports environmental consciousness by recycling valuable materials, safely managing hazardous substances, and reducing waste and pollution from end-of-life vehicles. For instance, in April 2024, according to theroundup.org, a US-based website dedicated to promoting environmental awareness, the percentage of people who always or often look for environmentally sustainable products increased from 27% in 2021 to 62% in 2024. Therefore, growing environmental consciousness is driving the growth of the vehicle scrapping market.

Global Vehicle Scrapping Market Major Players

Major companies operating in the vehicle scrapping market are Tata Motors Ltd., Mahindra& Mahindra Ltd., LKQ Corporation, Sims Metal Management Ltd., Copart Inc., Schnitzer Steel Industries, ASM Auto Recycling Ltd., Scholz Recycling GmbH, American Iron & Metal Company Inc., Blue Water Recycling Inc., Pick-n-Pull, Hensel Recycling Group, J & J Recycling Inc., Evergreen Recycling Inc., Keiaisha Co. Ltd., Green Metals Inc., City Scrap Metal Ltd., Auto Recycling Solutions Inc., Certified Auto Recyclers Inc., Premier Recycling Ltd., Eco Recycling Ltd< /b>

Global Vehicle Scrapping Market Trend: Registered Vehicle Scrapping Facility To Promote Sustainable Mobility

Major companies operating in the vehicle scrapping market are focusing on broadening their service offerings by launching innovative solutions, such as registered vehicle scrapping facilities, to enhance compliance with environmental regulations and improve the efficiency of the dismantling process. Registered vehicle scrapping facilities refer to authorized and certified locations that comply with regulatory standards for properly dismantling, recycling, and disposing of end-of-life vehicles, ensuring safe handling of hazardous materials, and environmental protection. For instance, in February 2023, Tata Motors Limited, an India-based automotive company, launched Re.Wi.Re, first registered vehicle scrapping facility (RVSF), designed to dismantle end-of-life vehicles in an environmentally friendly manner and process up to 15,000 vehicles annually. Utilizing advanced eco-friendly techniques and fully digitalized operations, re.wi.re aims to promote sustainable mobility and aligns with the national vehicle scrappage policy by encouraging the retirement of older, polluting vehicles. This initiative reflects Tata Motors' commitment to sustainability and is part of a plan to establish more RVFSs across India.

Vehicle Scrapping Market Merger And Acquisition: DICV And Cero Recycling Partnership To Enhance Eco-Friendly Vehicle Scrapping And Sales

In February 2022, Daimler India Commercial Vehicles (DICV), an India-based automobile commercial company, partnered with Cero Recycling. Through this partnership, both companies aim to facilitate the scrapping of end-of-life commercial vehicles, reduce carbon footprints by phasing out older polluting vehicles, and boost new BharatBenz truck sales through a comprehensive end-to-end solution for customers while enabling BharatBenz dealerships to expand their service offerings and contribute to eco-friendly initiatives. Cero Recycling is an India-based organized vehicle scrapping and recycling company.

Regional Insights For The Global Vehicle Scrapping Market

Asia-Pacific was the largest region in the vehicle scrapping market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the vehicle scrapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the vehicle scrapping market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The vehicle scrapping market includes revenues earned by entities by traditional dismantling, shredding, crushing, fluid draining, and material recycling. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The vehicle scrapping market research report is one of a series of new reports from The Business Research Company that provides vehicle scrapping market statistics, including vehicle scrapping industry global market size, regional shares, competitors with a vehicle scrapping market share, detailed vehicle scrapping market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle scrapping industry. This vehicle scrapping market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Vehicle Scrapping Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2024 $ 4.42 Billion
Revenue Forecast In 2033 $ 6.68 Billion
Growth Rate CAGR of 10.90% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Vehicle Type: Passenger Vehicles, Commercial Vehicles
2) By Material: Steel, Aluminum, Copper, Other Materials
3) By Application: New Products Manufacture, Reusable Parts
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Tata Motors Ltd., Mahindra& Mahindra Ltd., LKQ Corporation, Sims Metal Management Ltd., Copart Inc., Schnitzer Steel Industries, ASM Auto Recycling Ltd., Scholz Recycling GmbH, American Iron & Metal Company Inc., Blue Water Recycling Inc., Pick-n-Pull, Hensel Recycling Group, J & J Recycling Inc., Evergreen Recycling Inc., Keiaisha Co. Ltd., Green Metals Inc., City Scrap Metal Ltd., Auto Recycling Solutions Inc., Certified Auto Recyclers Inc., Premier Recycling Ltd., Eco Recycling Ltd
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    Table Of Contents

    1. Executive Summary

    2. Vehicle Scrapping Market Characteristics

    3. Vehicle Scrapping Market Trends And Strategies

    4. Vehicle Scrapping Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Vehicle Scrapping Market Size and Growth

    5.1. Global Vehicle Scrapping Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Vehicle Scrapping Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Vehicle Scrapping Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Vehicle Scrapping Market Segmentation

    6.1. Global Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Passenger Vehicles

    Commercial Vehicles

    6.2. Global Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Steel

    Aluminum

    Copper

    Other Materials

    6.3. Global Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    New Products Manufacture

    Reusable Parts

    7. Vehicle Scrapping Market Regional And Country Analysis

    7.1. Global Vehicle Scrapping Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Vehicle Scrapping Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Vehicle Scrapping Market

    8.1. Asia-Pacific Vehicle Scrapping Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Vehicle Scrapping Market

    9.1. China Vehicle Scrapping Market Overview

    9.2. China Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Vehicle Scrapping Market

    10.1. India Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Vehicle Scrapping Market

    11.1. Japan Vehicle Scrapping Market Overview

    11.2. Japan Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Vehicle Scrapping Market

    12.1. Australia Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Vehicle Scrapping Market

    13.1. Indonesia Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Vehicle Scrapping Market

    14.1. South Korea Vehicle Scrapping Market Overview

    14.2. South Korea Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Vehicle Scrapping Market

    15.1. Western Europe Vehicle Scrapping Market Overview

    15.2. Western Europe Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Vehicle Scrapping Market

    16.1. UK Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Vehicle Scrapping Market

    17.1. Germany Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Vehicle Scrapping Market

    18.1. France Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Vehicle Scrapping Market

    19.1. Italy Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Vehicle Scrapping Market

    20.1. Spain Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Vehicle Scrapping Market

    21.1. Eastern Europe Vehicle Scrapping Market Overview

    21.2. Eastern Europe Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Vehicle Scrapping Market

    22.1. Russia Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Vehicle Scrapping Market

    23.1. North America Vehicle Scrapping Market Overview

    23.2. North America Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Vehicle Scrapping Market

    24.1. USA Vehicle Scrapping Market Overview

    24.2. USA Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Vehicle Scrapping Market

    25.1. Canada Vehicle Scrapping Market Overview

    25.2. Canada Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Vehicle Scrapping Market

    26.1. South America Vehicle Scrapping Market Overview

    26.2. South America Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Vehicle Scrapping Market

    27.1. Brazil Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Vehicle Scrapping Market

    28.1. Middle East Vehicle Scrapping Market Overview

    28.2. Middle East Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Vehicle Scrapping Market

    29.1. Africa Vehicle Scrapping Market Overview

    29.2. Africa Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Vehicle Scrapping Market Competitive Landscape And Company Profiles

    30.1. Vehicle Scrapping Market Competitive Landscape

    30.2. Vehicle Scrapping Market Company Profiles

    30.2.1. Tata Motors Ltd.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Mahindra& Mahindra Ltd.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. LKQ Corporation

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Sims Metal Management Ltd.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Copart Inc.

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Vehicle Scrapping Market Other Major And Innovative Companies

    31.1. Schnitzer Steel Industries

    31.2. ASM Auto Recycling Ltd.

    31.3. Scholz Recycling GmbH

    31.4. American Iron & Metal Company Inc.

    31.5. Blue Water Recycling Inc.

    31.6. Pick-n-Pull

    31.7. Hensel Recycling Group

    31.8. J & J Recycling Inc.

    31.9. Evergreen Recycling Inc.

    31.10. Keiaisha Co. Ltd.

    31.11. Green Metals Inc.

    31.12. City Scrap Metal Ltd.

    31.13. Auto Recycling Solutions Inc.

    31.14. Certified Auto Recyclers Inc.

    31.15. Premier Recycling Ltd.

    32. Global Vehicle Scrapping Market Competitive Benchmarking

    33. Global Vehicle Scrapping Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Vehicle Scrapping Market

    35. Vehicle Scrapping Market Future Outlook and Potential Analysis

    35.1 Vehicle Scrapping Market In 2028 - Countries Offering Most New Opportunities

    35.2 Vehicle Scrapping Market In 2028 - Segments Offering Most New Opportunities

    35.3 Vehicle Scrapping Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Vehicle Scrapping Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Vehicle Scrapping Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Tata Motors Ltd. Financial Performance
  • Figure 75: Mahindra& Mahindra Ltd. Financial Performance
  • Figure 76: LKQ Corporation Financial Performance
  • Figure 77: Sims Metal Management Ltd. Financial Performance
  • Figure 78: Copart Inc. Financial Performance

List Of Figures

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Vehicle Scrapping Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Vehicle Scrapping Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Vehicle Scrapping Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Vehicle Scrapping Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Vehicle Scrapping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Tata Motors Ltd. Financial Performance
  • Table 75: Mahindra& Mahindra Ltd. Financial Performance
  • Table 76: LKQ Corporation Financial Performance
  • Table 77: Sims Metal Management Ltd. Financial Performance
  • Table 78: Copart Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the vehicle scrapping market?

Vehicle scrapping refers to the process of dismantling and disposing of an end-of-life vehicle in an environmentally responsible manner. This process involves removing and recycling usable parts, safely disposing of hazardous materials, and crushing the remaining vehicle frame to recover metal and other materials. The vehicle scrapping process ensures that vehicles that are no longer operational or are deemed unfit for the road are handled in a way that minimizes environmental impact. For further insights on the vehicle scrapping market, request a sample here

How will the vehicle scrapping market drivers and restraints affect the vehicle scrapping market dynamics? What forces will shape the vehicle scrapping industry going forward?

The vehicle scrapping market major growth driver - Growing Environmental Consciousness Propels Vehicle Scrapping Market Growth. For further insights on the vehicle scrapping market, request a sample here

What is the forecast market size or the forecast market value of the vehicle scrapping market?

The vehicle scrapping market size has grown rapidly in recent years. It will grow from $70.21 billion in 2023 to $80.90 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to growing urbanization and space constraints, increased use of autonomous vehicles, the growing popularity of shared mobility services, the globalization of vehicle recycling standards, and an increasing focus on second-life applications. The vehicle scrapping market size is expected to see rapid growth in the next few years. It will grow to $143.69 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to growing consumer demand for sustainable and eco-friendly products, individuals’ preference for vehicle ownership, increased focus on the circular economy, an increase in electric vehicle (EV) scrapping, and the expansion of recycling infrastructure. Major trends in the forecast period include advancements in electric vehicles (EVs), technological innovations in recycling, advancements in battery recycling, recycling of lightweight materials, and technological integration. For further insights on the vehicle scrapping market, request a sample here

How is the vehicle scrapping market segmented?

The vehicle scrapping market is segmented
1) By Vehicle Type: Passenger Vehicles, Commercial Vehicles
2) By Material: Steel, Aluminum, Copper, Other Materials
3) By Application: New Products Manufacture, Reusable Parts For further insights on the vehicle scrapping market, request a sample here

Which region has the largest share of the vehicle scrapping market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the vehicle scrapping market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the vehicle scrapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the vehicle scrapping market, request a sample here.

Who are the major players in the vehicle scrapping market?

Major companies operating in the vehicle scrapping market are Tata Motors Ltd., Mahindra& Mahindra Ltd., LKQ Corporation, Sims Metal Management Ltd., Copart Inc., Schnitzer Steel Industries, ASM Auto Recycling Ltd., Scholz Recycling GmbH, American Iron & Metal Company Inc., Blue Water Recycling Inc., Pick-n-Pull, Hensel Recycling Group, J & J Recycling Inc., Evergreen Recycling Inc., Keiaisha Co. Ltd., Green Metals Inc., City Scrap Metal Ltd., Auto Recycling Solutions Inc., Certified Auto Recyclers Inc., Premier Recycling Ltd., Eco Recycling Ltd For further insights on the vehicle scrapping market, request a sample here.

What are the key trends in the vehicle scrapping market?

Major trend in the vehicle scrapping market - Registered Vehicle Scrapping Facility To Promote Sustainable Mobility. For further insights on the vehicle scrapping market, request a sample here.

What are the major opportunities in the vehicle scrapping market? What are the strategies for the vehicle scrapping market?

For detailed insights on the major opportunities and strategies in the vehicle scrapping market, request a sample here.

How does the vehicle scrapping market relate to the overall economy and other similar markets?

For detailed insights on vehicle scrapping market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the vehicle scrapping industry?

For detailed insights on the mergers and acquisitions in the vehicle scrapping industry, request a sample here.

What are the key dynamics influencing the vehicle scrapping market growth? SWOT analysis of the vehicle scrapping market.

For detailed insights on the key dynamics influencing the vehicle scrapping market growth and SWOT analysis of the vehicle scrapping industry, request a sample here.