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Vehicle Recycling Market Scope and Forecast 2022-2027

https://www.imarcgroup.com/oil-filter-market/requestsample","type":"unstyled","depth":0,"inlineStyleRanges";:[{"offset":0,"length":40,"style":"BOLD"},{"offset":41,"length":58,"style":"UNDERLINE"}],"entityRanges":[{"offset":41,"length":58,"key":2}],"data":{}},{"key":"3t280","text":" ","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"95nmm","text":"Global Oil Filter Market Drivers:","type":"unstyled","depth":0,"inlineStyleRanges":[{"offset":0,"length":33,"style":"BOLD"}],"entityRanges":[],"data":{}},{"key":"2q2mj","text":" ","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"97g22","text":"There has been a significant rise in the production of commercial vehicles owing to an upsurge in construction activities in the urban areas. This is one of the major factors which has been driving the growth of the market. Governments of numerous nations have introduced various regulations to limit the rising amount of greenhouse gases and pollutants generated by automobiles. This has, in turn, contributed towards an augmented demand for oil filters across the globe. Some of the factors which have been positively influencing the market growth include flourishing automotive industry as well as the development of sophisticated engine designs and clean fuel levels in oil filters by various manufacturers. There has been a rapid rise in the demand for electric vehicles across the globe which is considered to be one of the major factors impeding the growth of the global oil filter market.","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"5op8b","text":" ","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"ceg24","text":"Competitive Landscape:","type":"unstyled","depth":0,"inlineStyleRanges":[{"offset":0,"length":22,"style":"BOLD"}],"entityRanges":[],"data":{}},{"key":"d5odo","text":" ","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"3iec8","text":"Ahlstrom","type":"unordered-list-item","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"8qc5q","text":"CLARCOR 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The latest report by IMARC Group, titled “Vehicle Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global vehicle recycling market size reached US$ 67 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 139.8 Billion by 2027, exhibiting a growth rate (CAGR) of 14.1% during 2022-2027. 

Vehicle recycling refers to the process of dismantling and reducing automobiles to small pieces. It involves the removal of all reusable parts like tires, wheels, batteries, radiators, transmission systems, oil filters and rubber hoses. After this, auto recyclers crush the vehicles using mobile auto crushing units. Earlier, the remaining shredded residue, made up of textile fibers, plastics, glass and even rust, usually ended up in landfills. However, with the latest vehicle recycling technologies, it has become possible to sort shredded materials, thereby enabling a zero-landfill process.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request for a PDF sample of this report: https://www.imarcgroup.com/vehicle-recycling-market/requestsample

Global Vehicle Recycling Market Trends:

The widespread adoption of metal scrap, particularly steel, in the manufacturing of affordable, lightweight and fuel-efficient vehicles represents one of the major factors driving the vehicle recycling market worldwide. Besides this, governments of various nations are implementing several regulations to reduce the negative environmental impact associated with the end of life vehicles (ELVs) and the disposal of batteries, rubber, oils and other materials. Moreover, nowadays, automotive recyclers are using sophisticated tools and methods to recover used vehicles for extracting polymers, fluids and natural materials. They are also utilizing various innovative devices, such as optical sensors, to identify small pieces of metal in the scrap. However, the coronavirus disease (COVID-19) pandemic is anticipated to negatively impact the recycling industry, as most automakers and recyclers have shut their plants to comply with lockdown directives announced in several countries. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vehicle recycling market, along with forecasts at the global, regional and country level from 2022-2027. 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)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1907&flag=C

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2021-2026) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group

30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: [email protected]

Tel No:(D) +91 120 433 0800

Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800

 

 

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