United States Vehicle Scrapping Market to hit US$ 182.00 billion by 2033 | Top Companies 2025 - LKQ Corporation, Inc, Sims Limited.

"The global vehicle scrapping market reached US$ 75.05 billion in 2023, with a rise to US$ 81.08 billion in 2024, and is expected to reach US$ 182.00 billion by 2033, growing at a CAGR of 9.40% during the forecast period 2025-2033." As per DataM intelligence research report

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United States

Recent Launches and Investments

✅ In July 2025, LKQ Corporation launched a vehicle scrapping program focused on sustainable recycling and material recovery. The initiative targets end-of-life vehicles across the U.S. It emphasizes eco-friendly disposal and circular economy practices.

✅ In March 2025, Schnitzer Steel Industries introduced an advanced auto recycling system backed by $8 million in R&D investment. The system improves metal recovery efficiency and reduces environmental impact. It supports sustainability initiatives in automotive recycling.

Mergers and Acquisitions

✅ In August 2025, Copart acquired a U.S.-based auto dismantling and scrapping company to expand its recycling and salvage operations. The acquisition strengthens LKQ's and Copart's presence in vehicle end-of-life management. It targets improved operational efficiency and sustainable practices.

✅ In May 2025, Republic Services partnered with a specialty automotive recycling firm to co-develop advanced vehicle scrapping solutions. The collaboration focuses on material recovery, emission reduction, and waste management. It supports circular economy initiatives nationwide.

Japan

Recent Launches and Investments

✅ In July 2025, Nippon Steel launched a vehicle scrapping program in Japan aimed at sustainable material recovery and recycling efficiency. The program targets end-of-life vehicles nationwide. It emphasizes environmental compliance and resource optimization.

✅ In March 2025, Toyota introduced a circular economy initiative integrating advanced vehicle scrapping technology with its manufacturing ecosystem. The launch included $5 million in investment for R&D and process innovation. It focuses on sustainability and material reuse.

Mergers and Acquisitions

✅ In August 2025, Honda partnered with a Japanese auto recycling startup to co-develop efficient vehicle scrapping and material recovery solutions. The collaboration strengthens Honda's sustainability and circular economy goals. It targets improved recycling efficiency and reduced environmental footprint.

✅ In May 2025, Mitsubishi Motors acquired a domestic vehicle scrapping company to expand its end-of-life vehicle processing capabilities. The acquisition enhances material recovery, safety, and sustainability practices. It supports Japan's automotive recycling initiatives.

Global Vehicle Scrapping Market: Drivers

The global vehicle scrapping market is expanding rapidly due to growing environmental concerns and stricter emission regulations. Governments across the world are promoting the recycling of end-of-life vehicles (ELVs) to reduce pollution and encourage sustainable practices. Incentives such as tax rebates and subsidies for scrapping old vehicles are further driving consumer participation. The increasing demand for recycled metals, plastics, and other materials is supporting the growth of scrapping operations. As a result, vehicle scrapping has become a key part of the circular economy, contributing to resource efficiency and waste reduction.

Technological advancements are transforming the vehicle scrapping industry, with automated dismantling systems and modern recycling methods improving efficiency. These innovations help recover a higher proportion of valuable materials while minimizing environmental impact. The rise of electric vehicles introduces new challenges, particularly in handling and recycling batteries and electronic components safely. Efforts to develop specialized recycling techniques for EVs are gaining traction in the market. Overall, the combination of regulatory support, technological innovation, and sustainable practices is driving the expansion and evolution of the global vehicle scrapping sector.

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Global Vehicle Scrapping Market: Major Players

LKQ Corporation, Inc, Sims Limited., Covanta Holding Corporation and among others.

Segment Covered in the Global Vehicle Scrapping Market:

➥ By Vehicle Type: Commercial Vehicles (Light Commercial Vehicles, Heavy Commercial Vehicles), Passenger Vehicles, Two-Wheelers
➥ By Material Recovered: Ferrous Metals, Non-Ferrous Metals, Plastics & Polymers, Rubber & Tires, Glass, Other Materials (Electronics, Fluids, Rare Earths from EV Batteries)
➥ By Scrapping Method: Dismantling, Shredding, Metal Recycling, Non-Metal Recycling
➥ By Application: New Product Manufacturer, Reusable Parts, OEMs, Aftermarket

Research Process:

Both primary and secondary data sources have been used in the Global Vehicle Scrapping 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.

Most Frequently Asked Questions in the Global Vehicle Scrapping Market Research Industry:

➠ Who leads the Global Vehicle Scrapping industry and what's their competitive positioning regarding capacity, performance, and profitability?
➠ What growth opportunities and market challenges do Global Vehicle Scrapping market vendors face?
➠ Which segments show the highest growth potential and market share distribution?
➠ What factors are driving or limiting Global Vehicle Scrapping market growth?
➠ What are the dominant sales and distribution strategies in the Global Vehicle Scrapping industry?

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Regional Analysis:

⇥ 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)

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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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