VEHICLE SCRAPPING MARKET Size and trends

Vehicle Scrapping Market Size and Trends

Global Vehicle Scrapping Market is estimated to be valued at USD 82.03 Bn in 2025 and is expected to reach USD 154.94 Bn by 2032, growing at a compound annual growth rate (CAGR) of 9.5% from 2025 to 2032.

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Strict government regulations regarding vehicular emissions and rising environmental concerns are driving more vehicles for scrapping. With an increasing fleet age of cars across countries, especially in developed markets, the need for scrapping old and unused vehicles is growing tremendously. The market is expected to grow steadily over the forecast period due to stringent government norms for vehicle recycling and disposal. Additionally, financial incentives and subsidies provided by governments for scrapping old vehicles will further encourage more consumers to discard their old vehicles via scrapping. This will subsequently increase the supply of scrap which is a key raw material for the automotive industry and other sectors, thus forming a circular economy.