End-of-Life Vehicle Recycling Market: Industry Overview & Growth Potential 2032 https://dataintelo.com/report/end-of-life-vehicle-recycling-market In 2023, the global market size for End Of Life Vehicle (ELV) Recycling was valued at approximately $27.5 billion. With a projected compound annual growth rate (CAGR) of 6.8% from 2024 to 2032, the market is expected to reach around $47.9 billion by the end of 2032.This growth can be attributed to the increasing volume of end-of-life vehicles, rising demand for automotive metal recycling, and growing environmental concerns. In developed regions, where vehicle ownership is high, the disposal of old vehicles has become a priority for both consumers and governments, fueling demand for recycling services. Moreover, the surge in electric vehicle (EV) adoption has added a new dimension to the market, as the need for recycling EV batteries and components is on the rise. The implementation of stringent regulations for vehicle recycling in countries across North America, Europe, and Asia-Pacific is further driving the market’s growth. Governments are pushing for sustainable practices and offering incentives to promote eco-friendly vehicle disposal methods.