Market Overview

The Scrap Vehicle Recycling Market in China 2018-2022 - ResearchAndMarkets.com

Share:

The "Research
Report on China's Scrap Vehicle Recycling Industry - 2018-2022"

report has been added to ResearchAndMarkets.com's
offering.

In 2022, the scrap vehicle recycling volume will exceed 5 million and
the market size will exceed CNY 50 billion, representing a CAGR of 28.1%
from 2018 to 2022.

Vehicle consumption becomes increasingly popular in China with the
development of economy and increase of income. On the assumption that
the service life of passenger vehicles is between 8 to 10 years, the
number of scrap vehicles had exceeded 6 million by 2017 and will grow at
an annual rate over 10%. However, only 1.47 million scrap vehicles were
recycled in 2017. Many scrap vehicles are still being used or were
illegally disposed. For example, some of them were reassembled or
refurbished to be sold as second-hand vehicles.

Owing to the poor industry regulation, legal scrap vehicle disposal has
been affected by the illegal one. To promote the development of the
industry, the Chinese government is improving relevant policies. It is
expected that the new version of Regulations on Vehicle Recycling
Management will cancel the quota on the number of scrap vehicle
recyclers, and allow the circulation of scrap vehicles' engine, steering
gear, transmission, front and rear axles and frame to qualified
manufacturers for remanufacturing. This policy change will greatly
expand the market of scrap vehicle recycling.

The combination with "internet+" will help legal recyclers to deal with
the penetration of illegal recyclers. Moreover, e-commerce platforms
will facilitate the recycler's communication with vehicle owners and
downstream parts remanufacturers to increase the industry's
profitability. The broad market prospect and favorable policy
environment will attract a great deal of capital to the industry.

Topics include:

  • Development environment of China's scrap vehicle recycling industry
  • Volume and market size of scrap vehicle recycling in China
  • Competition in China's scrap vehicle recycling industry
  • Major scrap vehicle recycling enterprises in China
  • Factors influencing the development of china's scrap vehicle recycling
    industry
  • Forecast of market size of China's scrap vehicle recycling industry,
    2018-2022

Companies Featured

  • Tianjin Xinneng Renewable Resources Co. Ltd.
  • Shanghai Motor Vehicle Recycle Service Center
  • Tianjin Guolian Scrap Motor Vehicle Recycling and Dismantling Co. Ltd.
  • Beijing Dashihe Scrap Vehicle Recycling Factory
  • Shenzhen Scrap Vehicle Recycling Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/z8gtlp/the_scrap_vehicle?w=4

View Comments and Join the Discussion!