Press release
Automotive Shredded Residue Market Grows from $1.1 Billion in 2023 to $1.8 Billion by 2032
The global automotive shredded residue (ASR) market is growing due to continuous technological advancement in post shredding technologies, rise in resource scarcity, and surge in demand for recycled materials, regulatory pressures from governments and environmental agencies
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/A323762
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
๐๐ก๐ ๐ซ๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐๐๐ฌ๐ญ๐๐ซ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐.
The recycling segment is anticipated to experience growth in the Automotive Shredded Residue (ASR) market, due to innovations in shredding, sorting, and processing technologies have significantly improved the efficiency and effectiveness of ASR recycling processes. Advanced recycling technologies enable the recovery of a higher percentage of materials from end-of-life vehicles, driving market growth in the recycling segment. Furthermore, increase in consumer and industry demand for recycled materials, including metals and plastics recovered from ASR, is driving market growth in the recycling segment. Recycled materials offer cost savings, energy efficiency, and environmental benefits compared to virgin materials, further fueling the demand for ASR recycling services.
๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง
๐๐ก๐ ๐ฉ๐ฅ๐๐ฌ๐ญ๐ข๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐๐๐ฌ๐ญ๐๐ซ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐.
The plastic segment is anticipated to experience growth in the automotive shredded residue (ASR) market, owing to modern vehicles contain a significant number of plastic components, including interior trim, bumpers, panels, and various other parts. As a result, plastic constitutes a substantial portion of the shredded residue generated from end-of-life vehicles, driving the market share of the plastic segment. Plastics recovered from end-of-life vehicles are highly recyclable, making them attractive for recycling and reuse. Advanced recycling technologies enable the efficient separation, sorting, and processing of plastic materials from ASR, contributing to the dominance of the plastic segment in the market.
๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
๐๐ก๐ ๐ฆ๐๐ ๐ง๐๐ญ๐ข๐ ๐ฌ๐๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐๐๐ฌ๐ญ๐๐ซ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐.
The magnetic separation segment is anticipated to experience growth in the automotive shredded residue (ASR) market. Magnetic separation is highly effective in extracting ferrous metals from ASR due to their magnetic properties. Since ferrous metals, such as iron and steel, constitute a significant portion of ASR, magnetic separation is crucial for recovering these valuable materials, driving its market share. Magnetic separation processes are known for their high efficiency and throughput rates, enabling large volumes of ASR to be processed rapidly. This efficiency makes magnetic separation a preferred method for ASR processing, contributing to its dominance in the market.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-shredded-residue-market/purchase-options
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฒ ๐๐๐๐.
The Asia-Pacific region, particularly countries like China and India, has experienced rapid industrialization and urbanization, leading to increased vehicle ownership and end-of-life vehicle generation. This high volume of vehicles contributes to a larger ASR market in the region. Asia-Pacific is home to some of the world's largest automotive manufacturers and markets. The region's booming automotive industry leads to higher vehicle production and sales, consequently generating more ASR. With increasing environmental awareness and concerns about pollution, governments in the Asia-Pacific region have implemented stringent regulations regarding waste management and recycling. This regulatory environment has spurred the growth of the ASR market as automotive recycling becomes more imperative.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
GFG Alliance
LKQ Corporation
Schnitzer Steel Industries, Inc.
Metso Outotec
Sims Limited
Kuusakoski Group
European Metal Recycling
Liberty Steel Group
Toyota Tsusho Corporation
Galloo Group
The report provides a detailed analysis of these key players in the global Automotive Shredded Residue (ASR) s market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A323762
๐๐๐๐๐ง๐ญ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฐ๐ฌ
In June 2023, Torma system ASA unveiled its latest innovation Autosport Pulse. This cutting-edge technology machine incorporates dynamic laser induced breakdown spectroscopy (LIBS) and is designed for high throughput sorting of aluminum alloys and opens up possibilities for green aluminum production.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
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https://www.alliedmarketresearch.com/inland-vessel-market-A13092
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https://www.alliedmarketresearch.com/european-turbocharger-market
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https://www.alliedmarketresearch.com/go-kart-market-A13131
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https://www.alliedmarketresearch.com/railway-cybersecurity-market-A12189
Passenger Ticket Vending Machine Market
https://www.alliedmarketresearch.com/passenger-ticket-vending-machine-market-A13631
๐๐จ๐ง๐ญ๐๐๐ญ :
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๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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