India Vehicle Recycling Market 2025-2033: Size, Share, Trends, Industry Growth, Report

Vehicle Recycling Market - India 

Market Statistics

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 3.0 Billion

Market Size in 2033: USD 9.4 Billion

Market Growth Rate (CAGR) 2025-2033: 13.4%

According to IMARC Group's report titled "India Vehicle Recycling Market Report and Forecast 2025-2033," the market reached USD 3.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.4 Billion by 2033, exhibiting a growth rate (CAGR) of 13.4% during 2025-2033.

India Vehicle Recycling Market Trends and Drivers:

1. The vehicle recycling market in India is seeing an increase in demand owing to the increasing number of end-of-life vehicles (ELVs) as a result of higher vehicle ownership and reduced vehicle lifecycles.
2. Government policies like the Vehicle Scrappage Policy have stimulated market activity enormously by providing incentives for scrapping aged cars and buying newer, cleaner ones.
3. Besides, increased environmental issues associated with landfill waste and car emissions are pushing stakeholders into investing in environmentally friendly recycling facilities.
4. Increased consumer awareness of the advantages of recycling—lowered environmental footprint and resource preservation—is also driving market growth.
5. Further, the access to precious metals and parts from used cars, such as steel, aluminum, copper, and rare earth elements, is luring new entrants and investment into the industry.
6. Greater integration of robotic and AI-based dismantling technologies is improving efficiency in operations and improving recovery rates from wrecked vehicles.
7. Fundamentally, market demand for recycled auto parts is also on the rise because of the economical feasibility of remanufactured parts compared to brand-new spare parts.
8. Global partnerships and joint ventures are being established to create a state-of-the-art recycling facility with high-tech European and Japanese technologies.
9. In addition, the rollout of Extended Producer Responsibility (EPR) rules is compelling motor vehicle manufacturers to assume responsibility for managing the end of their products' life.
10. The unorganized segment, while dominating, is slowly yielding to more organized and compliant players in the face of tighter environmental and safety regulations.
11. Furthermore, an increase in crude oil prices and the drive for circular economy measures are indirectly promoting recycling practices as a way to decrease raw material reliance.
12. Finally, the surge in urbanization and ongoing expansion of the automotive sector in India is anticipated to continue a healthy stream of scrap cars, creating a strong supply base for recyclers and promoting further market growth.

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India Vehicle Recycling Market Segmentation:

IMARCs report provides a deep dive into the India vehicle recycling market analysis, outlining the current trends, underlying market demand, and growth trajectories.

Type Insights:

• Passenger Cars Recycling
• Commercial Vehicles Recycling

Material Insights:

• Iron
• Aluminium
• Steel
• Rubber
• Copper
• Glass
• Plastic
• Others

Application Insights:

• OEMs
• Aftermarket

Regional Insights:

• North India
• South India
• East India
• West India

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The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendation
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

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

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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