Automotive Circular Economy Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Light Commercial Vehicles – Trucks, Buses), By Propulsion Type (Internal Combustion Engine Vehicles, Electric Vehicles – Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles, Battery Electric Vehicles), By Process Type, By Component Type, By End-User, By Region, And By Segment Forecasts, 2025-2034.

Report Id: 2997 Pages: 180 Last Updated: 17 June 2025 Format: PDF / PPT / Excel / Power BI
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Segmentation of Automotive Circular Economy Market-

Automotive Circular Economy Market By Vehicle Type-

  • Passenger Vehicles
  • Commercial Vehicles
  • Light Commercial Vehicles
    • Trucks
    • Buses

Automotive Circular Economy Market seg

Automotive Circular Economy Market By Propulsion Type-

  • Internal Combustion Engine Vehicles
  • Electric Vehicles
    • Hybrid Electric Vehicles
    • Plug-In Hybrid Electric Vehicles
    • Battery Electric Vehicles

Automotive Circular Economy Market By Process Type -

  • Recycled Products
  • Remanufactured Products
  • Refurbished Products
  • Reused Products

Automotive Circular Economy Market By Component Type-

  • Battery
  • Tire
  • Polymers
  • Body Parts
  • Brakes and Suspensions
  • Others

Automotive Circular Economy Market By End-User-

  • Original Equipment Manufacturers (OEMs)
  • Automotive Aftermarket
  • Others

Automotive Circular Economy Market By Region-

North America-

  • The US
  • Canada

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Chapter 1. Methodology and Scope

1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Automotive Circular Economy Market Snapshot

Chapter 4. Global Automotive Circular Economy Market Variables, Trends & Scope

4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2034
4.8. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.9. Use/impact of AI on Automotive Circular Economy Market Industry Trends
4.10. Global Automotive Circular Economy Market Penetration & Growth Prospect Mapping (US$ Mn), 2021-2034

Chapter 5. Automotive Circular Economy Market Segmentation 1: By Vehicle Type, Estimates & Trend Analysis

5.1. Market Share by Vehicle Type, 2024 & 2034

5.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Vehicle Type:

5.2.1. Passenger Vehicles
5.2.2. Commercial Vehicles
5.2.3. Light Commercial Vehicles

5.2.3.1. Trucks
5.2.3.2. Buses

Chapter 6. Automotive Circular Economy Market Segmentation 2: By Propulsion Type, Estimates & Trend Analysis

6.1. Market Share by Propulsion Type, 2024 & 2034

6.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Propulsion Type:

6.2.1. Internal Combustion Engine Vehicles
6.2.2. Electric Vehicles

6.2.2.1. Hybrid Electric Vehicles
6.2.2.2. Plug-In Hybrid Electric Vehicles
6.2.2.3. Battery Electric Vehicles

Chapter 7. Automotive Circular Economy Market Segmentation 3: By End-User Type, Estimates & Trend Analysis

7.1. Market Share by End-User Type, 2024 & 2034

7.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following End-User Type:

7.2.1. Original Equipment Manufacturers (OEMs)
7.2.2. Automotive Aftermarket
7.2.3. Others

Chapter 8. Automotive Circular Economy Market Segmentation 4: By Process Type, Estimates & Trend Analysis

8.1. Market Share by Process Type, 2024 & 2034

8.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Process Type:

8.2.1. Recycled Products
8.2.2. Remanufactured Products
8.2.3. Refurbished Products
8.2.4. Reused Products

Chapter 9. Automotive Circular Economy Market Segmentation 5: By Component Type, Estimates & Trend Analysis

9.1. Market Share by Component Type, 2024 & 2034

9.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Component Type:

9.2.1. Battery
9.2.2. Tire
9.2.3. Polymers
9.2.4. Body Parts
9.2.5. Brakes and Suspensions
9.2.6. Other

Chapter 10. Automotive Circular Economy Market Segmentation 6: Regional Estimates & Trend Analysis

10.1. Global Automotive Circular Economy Market, Regional Snapshot 2024 & 2034

10.2. North America

10.2.1. North America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

10.2.1.1. US
10.2.1.2. Canada

10.2.2. North America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Vehicle Type, 2021-2034
10.2.3. North America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Propulsion Type, 2021-2034
10.2.4. North America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by End-User Type, 2021-2034
10.2.5. North America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Process Type, 2021-2034
10.2.6. North America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Component Type, 2021-2034


10.3. Europe

10.3.1. Europe Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

10.3.1.1. Germany
10.3.1.2. U.K.
10.3.1.3. France
10.3.1.4. Italy
10.3.1.5. Spain
10.3.1.6. Rest of Europe

10.3.2. Europe Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Vehicle Type, 2021-2034
10.3.3. Europe Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Propulsion Type, 2021-2034
10.3.4. Europe Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by End-User Type, 2021-2034
10.3.5. Europe Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Process Type, 2021-2034
10.3.6. Europe Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Component Type, 2021-2034

10.4. Asia Pacific

10.4.1. Asia Pacific Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

10.4.1.1. India
10.4.1.2. China
10.4.1.3. Japan
10.4.1.4. Australia
10.4.1.5. South Korea
10.4.1.6. Hong Kong
10.4.1.7. Southeast Asia
10.4.1.8. Rest of Asia Pacific

10.4.2. Asia Pacific Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Vehicle Type, 2021-2034
10.4.3. Asia Pacific Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Propulsion Type, 2021-2034
10.4.4. Asia Pacific Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by End-User Type, 2021-2034
10.4.5. Asia Pacific Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Process Type, 2021-2034
10.4.6. Asia Pacific Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Component Type, 2021-2034

10.5. Latin America

10.5.1. Latin America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America

10.5.2. Latin America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Vehicle Type, 2021-2034
10.5.3. Latin America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Propulsion Type, 2021-2034
10.5.4. Latin America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by End-User Type, 2021-2034
10.5.5. Latin America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Process Type, 2021-2034
10.5.6. Latin America Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Component Type, 2021-2034

10.6. Middle East & Africa

10.6.1. Middle East & Africa Wind Turbine Rotor Blade Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034

10.6.1.1. GCC Countries
10.6.1.2. Israel
10.6.1.3. South Africa
10.6.1.4. Rest of Middle East and Africa

10.6.2. Middle East & Africa Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Vehicle Type, 2021-2034
10.6.3. Middle East & Africa Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Propulsion Type, 2021-2034
10.6.4. Middle East & Africa Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by End-User Type, 2021-2034
10.6.5. Middle East & Africa Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Process Type, 2021-2034
10.6.6. Middle East & Africa Automotive Circular Economy Market Revenue (US$ Million) Estimates and Forecasts by Component Type, 2021-2034

Chapter 11. Competitive Landscape

11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles

11.2.1. Umicore
11.2.1.1. Business Overview
11.2.1.2. Key Vehicle Type/Service Overview
11.2.1.3. Financial Performance
11.2.1.4. Geographical Presence
11.2.1.5. Recent Developments with Business Strategy
11.2.2. Sims Metal (Sims Limited)
11.2.3. ZF Friedrichshafen AG
11.2.4. BorgWarner
11.2.5. LKQ Corporation
11.2.6. Valeo
11.2.7. Copart Inc.
11.2.8. IAA Holdings LLC.
11.2.9. RB Global
11.2.10. Renault Group
11.2.11. BMW Group
11.2.12. TOYOTA MOTOR CORPORATION.
11.2.13. Redwood Materials Inc.
11.2.14. Aptiv.
11.2.15. Bosch GmbH

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Automotive Circular Economy Market Size is valued at USD 148.2 Bn in 2024 and is predicted to reach USD 398.3 Bn by the year 2034

Automotive Circular Economy market is expected to grow at a 10.7% CAGR during the forecast period for 2025-2034.

Umicore, ZF Friedrichshafen AG, LKQ Corporation, BorgWarner Inc., Valeo, Sims Metal (Sims Limited), Copart Inc., IAA Holdings, LLC., RB Global, BMW Gr

Automotive Circular Economy market is segmented based on vehicle type, propulsion type, process type, component type, and end-user.

North America region is leading the Automotive Circular Economy market.

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