세계 자동차 순환경제 시장 규모는 2024년 1,536억 3,000만 달러에 달했습니다.
이 시장은 11.48%의 연평균 복합 성장률(CAGR)로 성장하여 2034년에는 4,553억 3,000만 달러에 달할 것으로 예상됩니다. 재활용, 재제조, 부품 및 재료 재사용 등 자동차 산업에서 순환 경제 관행의 채택이 증가함에 따라 이 시장 성장의 원동력이 되고 있습니다. 자동차 산업이 보다 지속 가능하고 자원 효율적인 솔루션으로 전환함에 따라 재생, 재제조 및 재활용 가능한 자동차 부품에 대한 수요가 증가할 것으로 예상됩니다. 또한, 탄소 배출량 감소, 자동차 수명주기 연장, 제조 공정의 효율성 향상에 대한 관심이 높아지고 있는 것도 한 요인으로 작용하고 있습니다. 친환경 기술, 전기자동차, 지속 가능한 제조의 발전과 함께 자동차 순환경제 시장은 향후 10년간 크게 성장할 것으로 예상됩니다.
| 주요 시장 통계 | |
|---|---|
| 예측 기간 | 2024-2034년 |
| 2024년 평가 | 1,536억 3,000만 달러 |
| 2034년 예측 | 4,553억 3,000만 달러 |
| CAGR | 11.48% |
자동차 순환경제 시장은 폐기물을 줄이고, 자원 효율성을 극대화하며, 자동차 제품의 수명주기를 연장하기 위한 지속 가능한 방법의 도입에 초점을 맞추었습니다. 이 시장을 주도하는 것은 재활용, 재제조, 자동차 부품의 재사용 등 자동차 산업에서 환경 친화적인 솔루션에 대한 요구가 증가하고 있기 때문입니다. 엔진, 변속기, 전자 시스템 개조 등 순환 경제의 실천은 생산 비용을 낮추고, 원자재 소비를 줄이며, 업계의 탄소 배출량을 줄이는 데 기여합니다. 친환경 대체품에 대한 수요가 증가함에 따라 자동차 제조업체들은 지속가능성을 높이고 운영 비용을 절감하며 점점 더 엄격해지는 환경 규제를 준수하기 위해 순환 경제를 채택하고 있습니다.
자동차 산업이 폐기물을 줄이고 자원 활용을 최적화하여 보다 지속 가능한 관행으로 전환함에 따라 자동차 순환경제 시장이 크게 성장하고 있습니다. 이 시장을 주도하는 것은 자동차 부품의 수명주기를 연장하고 환경에 미치는 영향을 줄이기 위해 재활용, 재제조, 재사용과 같은 순환 원칙을 채택하는 사례가 증가하고 있다는 점입니다. 자동차 제조업체들은 지속가능성 목표를 달성하고 생산 비용을 낮추며 원자재 소비를 최소화하기 위해 엔진, 변속기, 배터리 등 주요 부품의 재생에 점점 더 많은 노력을 기울이고 있습니다. 자동차 산업에서 친환경 솔루션에 대한 세계 수요가 증가함에 따라 순환경제 시장은 자동차 산업의 지속가능성을 높이는 데 중요한 역할을 할 것으로 보입니다.
자동차 순환경제 시장이 산업에 미치는 영향은 제조, 자동차 부품, 폐기물 관리 등 여러 부문에 걸쳐 변화를 가져옵니다. 이 시장은 순환적 관행을 도입함으로써 생산 공정에 큰 변화를 촉진하고 폐기물을 줄이며 자동차 산업의 지속가능성을 촉진하고 있습니다. 엔진, 변속기, 배터리와 같은 재생 부품의 사용은 귀중한 자원을 절약하고 제조 비용을 절감하여 자동차 제품을 소비자에게 더 저렴하게 제공합니다. 순환 경제로의 전환은 제조 기술, 공급망 관리, 물류의 혁신을 촉진하고 동시에 녹색 비즈니스와 지속 가능한 소재 시장의 성장을 가속합니다.
자동차 순환 경제 시장에 참여하는 기업으로는 Umicore, Sims Metal(Sims Limited), ZF Friedrichshafen AG, BorgWarner, LKQ Corporation, Valeo, Copart Inc. RB Global,RB Global,Renault Group,BMW Group,TOYOTA MOTOR CORPORATION,Redwood Materials Inc. 등이 있습니다. 이들 기업은 전략적 파트너십, 협력 관계, 기술 진보를 통해 역량을 강화하고, 어려운 환경에서도 자동차 순환 경제의 회복력과 성능을 향상시키고 있습니다. 이들 기업의 연구개발에 대한 지속적인 투자는 자동차 산업 전반의 트렌드를 뒷받침하고 시장 성장을 가속하고 있습니다.
승용차는 지속 가능한 모빌리티 솔루션에 대한 수요 증가와 배출가스 감축에 대한 규제 압력으로 인해 자동차 순환경제 시장을 주도할 것으로 예상됩니다. 자동차 제조업체들은 보다 친환경적인 자동차에 대한 소비자 및 규제 당국의 요구가 증가함에 따라 자동차 재활용, 부품 재제조, 재활용 소재 사용과 같은 순환형 관행의 채택이 가속화되고 있습니다.
승용차는 생산량이 많고 수명주기가 길어 자원 회수 및 폐기물 감소에 큰 기회가 되고 있습니다. 전기자동차(EV) 배터리의 재활용과 지속 가능한 재료 사용의 혁신은 이러한 추세를 더욱 촉진하고 있습니다. 각국 정부가 환경 기준을 강화하는 가운데, 승용차 부문은 순환형 자동차 경제로의 전환을 주도하며 업계의 지속 가능하고 자원 효율적인 미래를 보장할 것입니다.
내연기관차(ICE)는 기존 보유 대수가 많고, 라이프사이클의 지속가능성을 개선하기 위한 지속적인 노력으로 인해 자동차 순환경제 시장을 독점할 것으로 예상됩니다. 전기자동차(EV)로의 전환이 가속화되고 있는 반면, 내연기관차는 여전히 전 세계 자동차 생산 및 판매의 대부분을 차지하고 있습니다.
엔진 부품의 재제조, 자동차 부품의 재활용, 생산 과정에서의 배출가스 감소와 같은 순환형 관행은 이러한 자동차의 수명 주기를 연장하기 위해 점점 더 많이 시행되고 있습니다. 부품의 풍부한 가용성, 재활용을 위한 인프라 구축, 친환경 솔루션의 추진으로 내연기관 자동차는 순환 경제의 중심이 될 것이며, 자동차 산업이 전동화로 전환되는 가운데서도 보다 지속가능한 자동차 사업을 위한 길을 열어가고 있습니다.의 길을 열어가고 있습니다.
지속 가능한 자동차 생산과 부품 조달에 대한 요구가 증가함에 따라 주문자 상표 부착 생산업체(OEM)가 자동차 순환경제 시장을 독점할 것으로 예상됩니다. 자동차 산업이 환경 발자국 감소에 초점을 맞추고 있는 가운데, OEM은 재제조, 재활용, 리퍼비시 등 순환 경제 활동을 생산 공정에 도입하고 있습니다.
또한, 환경 영향에 대한 보다 엄격한 규제 기준을 충족해야 한다는 압력이 높아지면서 OEM 업체들은 신차 및 부품 설계 및 생산에 순환형 관행을 채택하고 있습니다. 친환경적이고 에너지 효율적인 자동차에 대한 소비자 수요 증가는 OEM들이 순환 경제 전략을 도입하려는 노력과 맞물려 시장에서 지속적인 우위를 확보하고 자동차 산업의 지속가능성 노력을 강화하는 데 기여하고 있습니다. 자동차 산업이 보다 친환경적이고 지속 가능한 관행으로 나아가고 있는 가운데, OEM은 앞으로도 순환 경제 성장의 원동력이 될 것으로 예상됩니다.
폐기물 감소, 자원 절약, 환경 부하 감소에 대한 관심이 높아지면서 재활용 제품이 자동차 순환 경제 시장을 주도할 것으로 예상됩니다. 자동차 산업이 지속가능성으로 전환하는 가운데, 금속, 플라스틱, 배터리 등 소재의 재활용은 자원 소비를 최소화하고 탄소 발자국을 줄이는 데 있어 중요한 프로세스가 되고 있습니다.
기업들은 중고 자동차에서 귀중한 재료를 회수하여 새로운 부품 생산에 재사용할 수 있는 효율적인 재활용 기술 개발에 점점 더 많은 노력을 기울이고 있습니다. 이 공정은 처녀 원료의 필요성을 줄이고 제조 비용을 절감하는 데 도움이 되기 때문에 비용 효율적이고 환경 친화적인 선택이 될 수 있습니다.
북미는 강력한 규제 프레임워크, 기술 혁신, 지속 가능한 제조에 대한 투자로 인해 자동차 순환경제 시장을 선도할 것으로 예상됩니다. 미국과 캐나다는 자동차 재활용, 재제조, 재활용 소재 사용에 있어 선구적인 노력을 기울이고 있으며, 주요 업계 관계자들이 자동차 생산에 순환형 관행의 채택을 추진하고 있습니다.
강력한 민관 파트너십, 배터리 재활용 기술의 발전, 전기자동차(EV)에 대한 수요 증가가 이 지역의 우위를 뒷받침하고 있습니다. 북미는 탄소 배출량 감소, 차량 수명주기 연장, 자원 효율성 향상에 중점을 두고 자동차 순환 경제의 선두주자로서 자동차 산업의 지속 가능하고 자원 효율적인 미래로 나아가는 길을 열어가고 있습니다.
엄격한 정부 규제와 정책은 자동차 순환경제 시장에 큰 영향을 미치고 있으며, 업계 진출기업들이 지속가능한 관행을 채택하고 환경적 발자국을 줄이도록 설득하고 있습니다. 유럽연합(EU)의 중고차 지침, 중국의 전기차 배터리 재활용 의무화, 인도의 자동차 폐차 정책 등 각 지역의 규제 프레임워크는 책임감 있는 환경을 조성하고 있습니다. 이러한 정책은 특정 재활용 목표, 폐기물 감소, 지속 가능한 자원 관리의 준수를 의무화하여 기존 자동차 제조 및 폐차 관행을 재구성하고 있습니다. 규정 준수가 의무화됨에 따라 자동차 제조업체들은 순환 경제 프로세스에 대한 투자를 늘리고 있으며, 이는 업계 전반의 변화를 주도하고 있습니다.
복잡한 공급망과 인프라 문제는 자동차 산업에서 순환 경제 관행을 효과적으로 도입하는 데 큰 걸림돌이 되고 있습니다. 세계 자동차 산업은 여러 지역, 다양한 이해관계자, 대규모 물류 업무에 걸친 복잡한 공급망을 특징으로 합니다. 이러한 복잡성은 자동차 부품의 추적성, 회수 및 재활용을 복잡하게 만드는 경우가 많으며, 특히 배터리와 같은 위험물이나 첨단 기술이 포함된 부품은 더욱 그러합니다. 또한, 특히 신흥 시장에서는 재활용 및 재제조 인프라가 부족하여 중고 자동차 및 부품을 효율적으로 관리할 수 있는 업계의 능력이 더욱 제한되어 순환 경제 이니셔티브의 잠재력을 충분히 발휘하지 못하고 있습니다.
이러한 문제를 해결하기 위해 자동차 제조업체와 이해관계자들은 순환 경제 인프라를 강화하기 위한 전략적 협력과 투자에 대한 참여를 강화하고 있습니다. 지역 재활용 허브 설립, 전문 재활용 기업과의 합작 투자, 부품 추적, 선별, 재제조 등을 위한 첨단 기술에 대한 투자 등이 그 예입니다.
세계의 자동차 서큘러 이코노미 시장에 대해 조사했으며, 시장 개요와 함께 용도별/제품별/지역별/지역별 동향, 시장 진출 기업 프로파일 등의 정보를 전해드립니다.
Automotive Circular Economy Market Overview
The global automotive circular economy market was valued at $153.63 billion in 2024 and is projected to grow at a CAGR of 11.48%, reaching $455.33 billion by 2034. The increasing adoption of circular economy practices in the automotive industry, such as recycling, remanufacturing, and reusing parts and materials, is driving this market growth. As the automotive sector transitions toward more sustainable and resource-efficient solutions, the demand for refurbished, remanufactured, and recyclable vehicle components is expected to rise. Additionally, the growing focus on reducing carbon footprints, extending vehicle lifecycles, and improving the efficiency of manufacturing processes are contributing factors. With advancements in green technologies, electric vehicles, and sustainable manufacturing, the automotive circular economy market is set for significant expansion in the coming decade.
Introduction to the Automotive Circular Economy Market
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2024 - 2034 |
| 2024 Evaluation | $153.63 Billion |
| 2034 Forecast | $455.33 Billion |
| CAGR | 11.48% |
The automotive circular economy market focuses on the adoption of sustainable practices aimed at reducing waste, maximizing resource efficiency, and extending the lifecycle of automotive products. This market is driven by the increasing need for environmentally responsible solutions within the automotive industry, including recycling, remanufacturing, and reusing vehicle components. Circular economy practices such as refurbishing engines, transmissions, and electronic systems lower production costs and reduce the consumption of raw materials, contributing to the reduction of the industry's carbon footprint. As the demand for greener alternatives grows, automakers are embracing circularity to enhance sustainability, lower operational costs, and comply with increasingly stringent environmental regulations.
Market Introduction
The automotive circular economy market is experiencing significant growth as the industry shifts toward more sustainable practices aimed at reducing waste and optimizing the use of resources. This market is driven by the increasing adoption of circularity principles such as recycling, remanufacturing, and reusing vehicle components to extend their lifecycle and reduce environmental impact. Automakers are increasingly focusing on refurbishing key components such as engines, transmissions, and batteries to meet sustainability targets, lower production costs, and minimize the consumption of raw materials. As global demand for environmentally responsible solutions in the automotive industry rises, the circular economy market is set to play a crucial role in enhancing the industry's sustainability.
Industrial Impact
The industrial impact of the automotive circular economy market is transformative across multiple sectors, including manufacturing, automotive parts, and waste management. By embracing circular practices, the market is driving significant changes in production processes, reducing waste, and promoting sustainability within the automotive industry. The use of remanufactured parts, such as engines, transmissions, and batteries, helps conserve valuable resources and lowers manufacturing costs, making automotive products more affordable for consumers. This shift toward a circular economy promotes innovation in manufacturing technologies, supply chain management, and logistics while encouraging the growth of green businesses and sustainable material markets.
The companies involved in the automotive circular economy market include major industry players such as Umicore, Sims Metal (Sims Limited), ZF Friedrichshafen AG, BorgWarner, LKQ Corporation, Valeo, Copart Inc., IAA Holdings, LLC., RB Global, Renault Group, BMW Group, TOYOTA MOTOR CORPORATION, Redwood Materials Inc., Aptiv, Bosch GmbH, and Marelli Holdings Co., Ltd. These companies are enhancing their capabilities through strategic partnerships, collaborations, and technology advancements to improve the resilience and performance of automotive circular economy in demanding environments. Their continued investments in research and development are driving the growth of the market while supporting the broader trends in the automotive industry.
Market Segmentation:
Segmentation 1: by Vehicle Type
Passenger Vehicles to Lead the Market (by Vehicle Type)
Passenger vehicles are expected to dominate the automotive circular economy market, driven by the growing demand for sustainable mobility solutions and regulatory pressures for reduced emissions. As automakers face increasing consumer and regulatory demands for greener vehicles, the adoption of circular practices such as vehicle recycling, parts remanufacturing, and the use of recycled materials is gaining momentum.
Due to their high production volumes and longer lifecycles, passenger vehicles present significant opportunities for resource recovery and waste reduction. Innovations in battery recycling for electric vehicles (EVs) and sustainable material usage further propel this trend. As governments worldwide tighten environmental standards, the passenger vehicle segment is set to lead the way in the transition to a circular automotive economy, ensuring a sustainable, resource-efficient future for the industry.
Segmentation 2: by Propulsion Type
Internal Combustion Engine Vehicles to Lead the Market (by Propulsion Type)
Internal combustion engine (ICE) vehicles are expected to dominate the automotive circular economy market, driven by the large existing fleet and ongoing efforts to improve sustainability in their lifecycle. While the transition to electric vehicles (EVs) is gaining momentum, ICE vehicles continue to make up most of the global vehicle production and sales.
Circular practices such as remanufacturing engine components, recycling automotive parts, and reducing emissions during the production process are increasingly being implemented to extend the life cycle of these vehicles. The extensive availability of parts, well-established infrastructure for recycling, and the push for eco-friendly solutions ensure that ICE vehicles remain central to the circular economy, paving the way for more sustainable automotive operations even as the industry shifts toward greater electrification.
Segmentation 3: by End-User Type
Original Equipment Manufacturers (OEMs) to Lead the Market (by End-User Type)
Original equipment manufacturers (OEMs) are expected to dominate the automotive circular economy market, driven by the increasing need for sustainable vehicle production and component sourcing. As the automotive industry focuses on reducing its environmental footprint, OEMs are incorporating circular economy practices such as remanufacturing, recycling, and refurbishing in their production processes.
Furthermore, the increasing pressure for manufacturers to meet stricter regulatory standards regarding environmental impact is pushing OEMs to adopt circular practices in designing and producing new vehicles and components. The growing consumer demand for eco-friendly and energy-efficient vehicles also aligns with the OEMs' efforts to embrace circular economy strategies, ensuring their continued dominance in the market and reinforcing their commitment to sustainability within the automotive industry. As the automotive sector moves toward greener, more sustainable practices, OEMs are expected to remain a driving force in the circular economy's growth.
Segmentation 4: by Process Type
Recycled Products to Lead the Market (by Process Type)
Recycled products are expected to dominate the automotive circular economy market, driven by the increasing emphasis on reducing waste, conserving resources, and lowering environmental impacts. As the automotive industry shifts toward sustainability, recycling materials such as metals, plastics, and batteries have become a key process in minimizing resource consumption and reducing the carbon footprint.
Companies are increasingly focusing on developing efficient recycling technologies to recover valuable materials from end-of-life vehicles, which can be reused in the production of new components. This process helps reduce the need for virgin raw materials and cuts manufacturing costs, making it a cost-effective and environment-friendly alternative.
Segmentation 5: by Component Type
Others to Lead the Market (by Component Type)
The others category is expected to dominate the automotive circular economy market, driven by the increasing focus on circularity across various non-body automotive components. This includes critical systems such as interior parts, glass, plastics, tires, and electronics, which represent significant opportunities for recycling, remanufacturing, and reuse. These components play a crucial role in reducing waste and contributing to the sustainable lifecycle of vehicles.
As the automotive industry moves toward more sustainable practices, there is an increasing emphasis on reusing and recycling these components to minimize raw material extraction, cut down on production costs, and reduce environmental impact. Innovations in recycling technologies and remanufacturing processes are expected to expand the scope of these efforts, ensuring that a wider range of automotive parts can be reclaimed and repurposed.
Segmentation 6: by Region
North America is expected to lead the automotive circular economy market, driven by its strong regulatory frameworks, technological innovations, and investments in sustainable manufacturing. The U.S. and Canada are pioneering efforts in vehicle recycling, remanufacturing, and the use of recycled materials, with key industry players pushing the adoption of circular practices in automotive production.
Strong public-private partnerships, advancements in battery recycling technologies, and increasing demand for electric vehicles (EVs) are driving the region's dominance. North America's focus on reducing carbon footprints, extending vehicle lifecycles, and improving resource efficiency positions it as a leader in the automotive circular economy, paving the way for a sustainable, resource-efficient future in the automotive industry.
Recent Developments in the Automotive Circular Economy Market
Demand - Drivers, Limitations, and Opportunities
Market Drivers: Stringent Government Regulations and Policies
Stringent government regulations and policies significantly impact the automotive circular economy market by persuading industry players to adopt sustainable practices and reduce environmental footprints. Regulatory frameworks across regions, including the European Union's End-of-Life Vehicles Directive, China's EV battery recycling mandates, and India's Vehicle Scrappage Policy, are creating an environment of heightened accountability. Such policies necessitate adherence to specific recycling targets, waste reduction, and sustainable resource management, consequently reshaping traditional automotive manufacturing and end-of-life vehicle disposal practices. As compliance becomes mandatory, automakers are increasingly investing in circular economy processes, leading to widespread industry transformation.
Automotive manufacturers have proactively responded to these regulatory pressures, integrating circular economy principles into their operational frameworks. For instance, Renault Group established its Re-Factory, aligning with European directives by reusing vehicle components and second-life battery systems. In response to EU regulations, BMW Group has substantially increased the share of recycled materials in its vehicles, reflecting strategic alignment with policy requirements. Furthermore, Nissan, complying with Japan's Automobile Recycling Law and global sustainability policies, developed a joint battery recycling venture, 4R Energy, to manage end-of-life EV batteries responsibly.
Market Challenges: Complex Supply Chains and Infrastructure Challenges
Complex supply chains and infrastructure challenges pose significant restraints to the effective adoption of circular economy practices within the automotive industry. The global automotive sector is characterized by intricate supply networks spanning multiple regions, diverse stakeholders, and extensive logistical operations. Such complexity often complicates automotive components' traceability, recovery, and recycling, particularly those containing hazardous materials or advanced technologies such as batteries. Additionally, inadequate recycling and remanufacturing infrastructure, especially in emerging markets, further limits the industry's capacity to efficiently manage end-of-life vehicles and components, hampering the full potential of circular economy initiatives.
To address these challenges, automotive manufacturers and stakeholders are increasingly engaging in strategic collaborations and investments aimed at enhancing circular economy infrastructures. Initiatives include the establishment of regional recycling hubs, joint ventures with specialized recycling companies, and investment in advanced technologies for component traceability, sorting, and remanufacturing.
Market Opportunities: Growing EV adoption Creating Substantial Opportunities in Repurposing Batteries
The increasing adoption of electric vehicles (EVs) presents a substantial opportunity for the automotive circular economy, specifically in the area of battery repurposing. Electric vehicle batteries typically retain considerable residual capacity, approximately 70-80%, after their automotive lifespan, making them suitable for secondary, less-demanding applications, such as stationary energy storage. Leveraging second-life battery solutions addresses environmental concerns related to battery waste, conserves valuable raw materials, and provides cost-effective energy storage options. This repurposing strategy thus supports sustainability objectives, creates new revenue streams for automakers, and significantly enhances battery lifecycle management's overall economics and efficiency.
Furthermore, the future potential for battery repurposing is considerable, driven by projected exponential growth in EV adoption globally. By 2030, the volume of batteries reaching the end of their automotive use is expected to increase substantially, creating extensive market opportunities in energy storage for residential, industrial, and grid-scale applications. Advances in battery management technologies and supportive regulations promoting battery reuse will further accelerate this market segment's growth. Companies proactively investing in battery repurposing infrastructure and technologies stand to benefit from early-mover advantages, securing a competitive position within the evolving electric mobility and sustainable energy ecosystems.
How can this report add value to an organization?
Product/Innovation Strategy: The automotive circular economy market is segmented based on various applications, vehicle types, propulsion types, and product categories, providing valuable insights into the industry's shift toward sustainability. The application segmentation includes a focus on vehicle components such as body parts, tires, batteries, and other key elements that are recycled, remanufactured, refurbished, and reused. By vehicle type, the market is divided into passenger vehicles and commercial vehicles, with the latter further segmented into light commercial vehicles, trucks, and buses. Propulsion types include internal combustion engine vehicles and electric vehicles, which are sub-categorized into hybrid electric vehicles, plug-in hybrid electric vehicles, and battery electric vehicles. The market is also analyzed by end-user type, including original equipment manufacturers (OEMs), the automotive aftermarket, and others.
Additionally, the market focuses on product types such as recycled, remanufactured, refurbished, and reused products. Key components in this circular economy include batteries, tires, polymers, body parts, and brakes and suspensions. As the automotive industry seeks to reduce waste and improve resource efficiency, these circular economy practices are becoming integral to achieving sustainability goals and driving growth in the market.
Growth/Marketing Strategy: The automotive circular economy market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product development.
Competitive Strategy: The key players in the automotive circular economy market analyzed and profiled in the study include professionals with expertise in the automobile and automotive domains. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Research Methodology
Factors for Data Prediction and Modelling
Market Estimation and Forecast
This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the automotive circular economy market.
The market engineering process involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes is explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.
Primary Research
The primary sources involve industry experts from the automotive circular economy market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
The key data points taken from primary sources include:
Secondary Research
This research study of the automotive circular economy market involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the aforementioned data sources, the study has been undertaken with the help of other data sources and websites, such as IRENA and IEA.
Secondary research was done in order to obtain crucial information about the industry's value chain, revenue models, the market's monetary chain, the total pool of key players, and the current and potential use cases and applications.
The key data points taken from secondary research include:
Key Market Players and Competition Synopsis
The companies that are profiled in the automotive circular economy market have been selected based on inputs gathered from primary experts who have analyzed company coverage, product portfolio, and market penetration.
Some of the prominent names in this market are:
Companies not part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).
Scope and Definition