United States Circular Economy in Automotive Market to Reach US$ 75.26 Billion by 2032 | Driven by Recycling, Remanufacturing, and Reuse.

Circular Economy In Automotive Market reached US$ 30.68 billion in 2024 and is expected to reach US$ 75.26 billion by 2032, growing with a CAGR of 11.87% during the forecast period 2025-2032.

DataM Intelligence has published a new research report on "Circular Economy in Automotive Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The circular economy in the automotive sector emphasizes sustainability by promoting the reuse, remanufacturing, and recycling of vehicle components throughout their lifecycle. This approach aims to minimize waste and reduce the consumption of virgin materials. It integrates design strategies that facilitate disassembly and material recovery. By adopting circular principles, the industry seeks to achieve long-term environmental and economic benefits.

Key Players:

Renault Group, BMW Group, Stellantis N.V., Toyota Motor Corporation, Ford Motor Company, Volkswagen Group, Volvo Cars, Northvolt AB, General Motors, and Hyundai Motor Group.

Key Development:

United States: Recent Industry Developments

✅ In August 2025, Closed Loop Partners released its 2024 impact report, detailing significant environmental and economic outcomes of its investments, initiatives, and infrastructure builds, keeping over $5 billion of materials and products in circulation through local and regional investments and infrastructure builds.

✅ In July 2025, the Asia-Pacific automotive circular economy market was set to expand from $48.25 billion in 2024 to $133.31 billion by 2034, growing at a CAGR of 10.70%.

✅ In May 2025, the global automotive circular economy market size was valued at USD 151.2 billion in 2024 and was projected to grow at a CAGR of 8.8% between 2025 and 2034.

Japan: Recent Industry Developments

✅ In August 2025, DENSO CORPORATION, Toray Industries, Nomura Research Institute, Honda Motor, MATEC, and REVER CORPORATION announced the establishment of the BlueRebirth Council to build a manufacturing and recycling integrated value chain to realize Car-to-Car recycling, starting with automated precision dismantling for material recovery and recycling.

✅ In March 2025, Japan published the "Action Plan for the Development of a Recycled Plastics Market for Automobiles," aiming to increase the supply of recycled plastics used in automobile manufacturing.

✅ In February 2025, the 4th Circular Economy EXPO was held at Tokyo Big Sight, drawing over 69,000 visitors and 1,600 exhibitors from 40 countries and regions.

Growth Forecast Projected:

The Global Circular Economy in Automotive Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Circular Economy in Automotive Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Vehicle Type: Passenger Vehicles | Commercial Vehicles

By Process: Recycled Products | Remanufactured Products | Refurbished Products | Reused Products

By Components: Battery | Tire | Polymers | Body Parts | Brakes and Suspensions | Other

By Propulsion: Internal Combustion Engine Vehicles | Electric Vehicles

By End-user: Original Equipment Manufacturers (OEMs) | Automotive Aftermarket | Others

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Circular Economy in Automotive producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Circular Economy in Automotive revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Circular Economy in Automotive Market?

A: Circular Economy In Automotive Market reached US$ 30.68 billion in 2024 and is expected to reach US$ 75.26 billion by 2032.

Q2: How fast is the Circular Economy in Automotive Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 11.87% from 2025 to 2032

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