Automotive recycling conveyor systems

The global car recycling market is forecasted to grow at a compound annual growth rate (CAGR) of 13.5% between 2023-2031.

Europe, the US, and Japan are the largest ferrous scrap exporters in the world, holding a market share of over 33%.

The automotive recycling industry collects and reuses or recycles an estimated 8 million gallons of gasoline and diesel fuel, 24 million gallons of motor oil, and 8 million gallons of engine coolant yearly.

The automotive recycling industry is huge, employing over 140,000 people across more than 9,000 locations in the United States and generating $32 billion in revenue annually. In fact, it's the 16th largest industry in America, with an estimated economic impact of $25 billion per year.

When it comes to recycling cars specifically, the numbers are equally as impressive. Approximately 26 vehicles are recycled every single minute in the U.S., totaling 27 million automobiles annually. The average recycling rate for key components like steel and iron is around 90% - very high.

Vehicles are one of the most recycled consumer products in America, with about 86% of all auto parts being recyclable in some way. Steel and iron make up around 65% of the average car by itself, further showing the vast recycling potential.

While the automotive recycling industry has made great strides, there are still challenges. Some non-metallic components, such as tires, can be recycled, while others cannot.

Automotive recycling has tremendous environmental benefit by keeping large volumes of materials out of landfills and re-entering them into the circular economy.

Automotive recycling significantly reduces the need for new raw materials, conserving natural resources and reducing carbon emissions.