Vehicle Recycling Market to Reach $156.4 Billion by 2035 as EV Recovery and Rules Drive 6.1% Growth
Updated
Updated · Yahoo Finance · Aug 24
Vehicle Recycling Market to Reach $156.4 Billion by 2035 as EV Recovery and Rules Drive 6.1% Growth
1 articles · Updated · Yahoo Finance · Aug 24
Summary
$156.4 billion is the projected size of the global vehicle recycling market by 2035, up from $88.8 billion in 2025, according to a new industry forecast.
A 6.1% CAGR is being driven by tighter end-of-life vehicle rules, rising EV adoption and stronger demand from manufacturers for recovered ferrous and non-ferrous metals.
More EVs are creating a new revenue stream through battery-material recovery, while governments have introduced more than 30 critical-mineral recycling policy measures since 2022 to formalize the sector.
Passenger cars generated $64.3 billion in 2025 for a 72.4% market share, and ICE vehicles accounted for $70.8 billion, or 79.7%, reflecting the scale of the existing global fleet and mature recycling systems.
Informal recyclers still constrain organized operators in several regions by undercutting compliance costs, even as investment in formal recycling infrastructure is expected to rise.