Press release
Accelerating Growth of Automotive Circular Economy Market
This comprehensive 210-page report on the Automotive Circular Economy Market (2024–2034) features 145 data tables and 48 figures, offering in-depth analysis across applications, product types, and regions. North America is projected to lead the market, fu
According to BIS Research, the Global Automotive Circular Economy Market [https://bisresearch.com/industry-report/automotive-circular-economy-market.html?utm_source=Adya+&utm_medium=Organic+&utm_campaign=Adya_Blog+]was valued at $153.63 billion in 2024 and is projected to grow at a CAGR of 11.48%, reaching $455.33 billion by 2034.
What is the Automotive Circular Economy Market?
The automotive circular economy represents a fundamental shift in how vehicles are designed, produced, used, and repurposed. Moving away from the traditional linear model of "take-make-dispose," the circular economy emphasizes resource efficiency, product longevity, and waste reduction through closed-loop systems.
The automotive circular economy market focuses on the adoption of sustainable practices aimed at reducing waste, maximizing resource efficiency, and extending the life cycle of automotive products.
Key Components Of Automotive Circular Economy Includes
*
Eco Design and Modularity
*
Component Reuse and Manufacturing
*
Recycling and Material Recovery
*
New Ownership and Mobility Models
How is the Automotive Circular Economy Market Segmented?
Several key categories are as follows
1 By Vehicle Type
* Passenger Vehicles to Lead the Market
Passenger vehicles are expected to dominate the automotive circular economy market, driven by the growing demand for sustainable mobility solutions and regulatory pressures for reduced emissions. Due to their high production volumes and longer life cycles, passenger vehicles present significant opportunities for resource recovery and waste reduction.
2 By Propulsion Type
*
Internal Combustion Engine Vehicles to Lead the Market
Internal combustion engine (ICE) vehicles are expected to dominate the automotive circular economy market, driven by the large existing fleet and ongoing efforts to improve sustainability in their lifecycle. While the transition to electric vehicles (EVs) is gaining momentum, ICE vehicles continue to make up most of the global vehicle production and sales.
3 By End User Type
*
Original Equipment Manufacturers (OEMs) to Lead the Market
Original equipment manufacturers (OEMs) are expected to dominate the automotive circular economy market, driven by the increasing need for sustainable vehicle production and component sourcing. As the automotive industry focuses on reducing its environmental footprint, OEMs are incorporating circular economy practices such as remanufacturing, recycling, and refurbishing in their production processes.
4 By Region
North America to lead the market
North America is expected to lead the automotive circular economy market, driven by its strong regulatory frameworks, technological innovations, and investments in sustainable manufacturing
5 By Process
*
Recycled products to lead the market
Recycled products are expected to dominate the automotive circular economy market, driven by the increasing emphasis on reducing waste, conserving resources, and lowering environmental impacts. As the automotive industry shifts toward sustainability, recycling materials such as metals, plastics, and batteries have become a key process in minimizing resource consumption and reducing the carbon footprint.
6 By Component
Others to Lead the Market
The other category is expected to dominate the automotive circular economy market, driven by the increasing focus on circularity across various non-body automotive components.
Request a Detailed Sample [https://bit.ly/4k5HWQU] on the Automotive Circular Economy Market!
Market Growth Key Growth Drivers:
*
Environmental Regulations and Policies
*
Resource Scarcity and raw material costs
*
Consumer demand for sustainability
*
Rise of electric vehicles
Get Detailed Insights on Automotive Mobility Market [https://bisresearch.com/industry-verticals/automotive?utm_source=Adya+&utm_medium=Organic+&utm_campaign=Adya_Blog+]
Key Players
*
Umicore
*
Sims Metal (Sims Limited)
*
ZF Friedrichshafen AG
*
BorgWarner
*
LKQ Corporation
*
Valeo
*
Copart Inc.
*
IAA Holdings, LLC.
Looking Ahead: Automotive Circular Economy Market
The automotive circular economy is poised for robust growth as sustainability becomes central to the future of mobility. Looking ahead, the market will be shaped by rising electric vehicle adoption, stronger regulatory frameworks, and growing investment in recycling and remanufacturing technologies.
About BIS Research
BIS Research is a global market intelligence firm delivering insights on emerging technologies and high-growth industries. We help businesses stay ahead with in-depth reports, custom research [https://bisresearch.com/our-offerings/custom-research], and go-to-market strategies [https://info.bisresearch.com/market-entry-strategy?__hstc=81227140.84bd33dd6fc5071d491f8225c1b0c818.1744954477674.1750055578047.1750061547365.100&__hssc=81227140.3.1750061547365&__hsfp=1412063329] tailored to your goals.
Explore our Custom Research and Go-To-Market Strategy services.
Media Contact
Company Name: BIS Research
Contact Person: Bhavya Banga
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=accelerating-growth-of-automotive-circular-economy-market]
Phone: +1-510-404-8135
Address:39111 PASEO PADRE PKWY STE 313, FREMONT CA 94538
City: Fremont
State: California
Country: United States
Website: https://bisresearch.com/
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Accelerating Growth of Automotive Circular Economy Market here
News-ID: 4082083 • Views: …
More Releases from ABNewswire
Optimal Health Chiropractic in Studio City Launches Exclusive $49 New Patient Sp …
Studio City, CA - Imagine waking up without nagging back pain, chronic neck stiffness, or the weight of stress that limits your daily life. For thousands of people across Studio City, Burbank, Sherman Oaks, North Hollywood, Toluca Lake, and Hollywood, that vision is becoming a reality thanks to Optimal Health Chiropractic.
Led by the renowned Dr. Patrick Bennett, who has been serving the community with compassion and expertise for more than…
Twirl-Go-Round Spins Back Into Action: Reviving a Beloved Classic for Families E …
Childhood memories are being reborn with the return of the Twirl-Go-Round, affectionately known as the "Whirly Bird." This timeless ride, blending the exhilaration of a merry-go-round with the teeter-totter's playful bounce, is back and better than ever. Designed for children, families, and even adults, the Twirl-Go-Round is making waves as the ultimate backyard, basement, and playground centerpiece.
Edmonton, AB - Childhood memories are being reborn with the return of the Twirl-Go-Round,…
Stafili Wine Cafe Brings the Spirit of Greece to New York City with Authentic Wi …
New York, NY - In the bustling food and wine scene of New York City, a new gem has taken center stage: Stafili Wine Cafe, a Greek-inspired haven that blends fine wines, authentic Mediterranean flavors, and the warmth of true hospitality. With two inviting locations in West Village (796 Greenwich Street) and Tribeca (222 West Broadway), Stafili Wine Cafe is quickly becoming a go-to destination for New Yorkers and visitors…
Ruff n Tuff Turf - Where the Grass is Always Greener in Southern California
Irvine, CA - Imagine stepping into your backyard and seeing a lush, vibrant green lawn that never fades, never browns, and never needs mowing. For Southern California homeowners, this dream has become a reality thanks to Ruff n Tuff Turf, the leading name in high-quality artificial grass and outdoor living transformations. With a 4.8-star rating from over 260 happy customers, Ruff n Tuff Turf has redefined what it means to…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
