Waste Management in the Automotive Industry 2015-2019
Waste Management in the Automotive Industry 2015-2019
Covering: This industry research report presents detailed segmentation of the global waste management market in the automotive industry by waste type (recyclable and non-recyclable). The report also provides a detailed analysis of the key regions, including APAC, MEA, Europe, and the Americas. Leading vendors in this market are Autowaste, Befesa, FCC Environment, Northburn Industrial Services, Recyclexinc, Safety-Kleen, Skip waste, SWR, and Transpacific.
Market outlook of the waste management market in the automotive industry
Technavio market research analysts estimate the global market for waste management in the automotive industry to post a moderate CAGR of nearly 10% by 2019. This market is expected to grow steadily during the forecast period and is positively influenced by factors like the rising production of automobiles and the increasing waste management initiatives by governments across the world.
Increasing production of automobiles is the key driver for the growth of this market. Since the production of automobiles involves the generation of waste materials, many manufacturers are now recycling these waste materials as it helps to resolve supply shortage during the manufacturing process. Automotive waste management involves the reuse and recycling of waste materials like metal, solvents, batteries, plastic, and glass. Recycling of these materials helps vendors to address environmental concerns and also allows them to address the issue of resource depletion.
Segmentation by waste type and analysis of: recyclable & non-recyclable waste
In this market research report, Technavio’s market research analyst has estimated the recyclable waste segment to account for more than 82% of the total market share by 2019. Recycling of automotive wastes involves processes that convert the discarded wastes into useful materials and can be carried out either at the manufacturing site or at processing facilities.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
Geographical segmentation of the waste management market in the automotive industry
In this market study, Technavio analysts have estimated the APAC region to account for approximately 53% of the total market share by 2019. In APAC, rising automobile manufacturing activities in regions like China, India, and Japan is expected to result in the generation of waste materials. Since the existing automotive waste processing systems in APAC are inadequate and need a lot of improvement, this region is expected to witness huge investments in the waste recycling sector, which in turn will promote market growth in APAC during the forecast period.
Competitive landscape and key vendors: Autowaste, Befesa, FCC Environment
This market is highly fragmented due to the presence of numerous local and international players like Skip waste and SWR. These vendors provide services that are limited to a particular region rather than global services. The Americas and APAC are the two critical regions where waste management services are primarily focused and factors like the increasing manufacturing activity and the introduction of stringent government policies augment the prospects for growth in this market during the forecast period.
Leading vendors in this market are -
Northburn Industrial Services
Other prominent vendors analyzed in this market study are AWS, Bradbury, EWD (Eastern waste disposal), and Mil-tek.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the waste management in the automotive industry?
What are the key market trends impacting the growth of the waste management in the automotive industry?
What are the challenges to market growth?
Who are the key vendors in the waste management in the automotive industry?
What are the market opportunities and threats faced by the vendors in the waste management in the automotive industry?
What are the key outcomes of the five forces analysis of the waste management in the automotive industry?
Technavio also offers customization on reports based on specific client requirement.
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Technavio Announces the Publication of its Research Report – Global Waste Management in Automotive Industry 2015-2019
Technavio recognizes the following companies as the key players in the Global Waste Management in Automotive Industry: Autowaste, Befesa, FCC Environment, Northburn Industrial Services, Recyclexinc, Safety-Kleen, Skip waste, SWR and Transpacific
Other Prominent Vendors in the market are: AWS, Bradbury, EWD (Eastern waste disposal), and Mil-tek.
Commenting on the report, an analyst from Technavio’s team said: “In landfill reclamation, old waste in the landfill is excavated to recover recyclable waste items. This not only increases landfill capacity but also avoids the cost of acquiring additional land for waste disposal. Landfill reclamation helps generate revenue through the sale of recycled waste. Recovered materials include ferrous metals, plastics, and glass.”
According to the report, the automotive industry produced nearly 88 million vehicles in 2014 and 85 million vehicles in 2013. With the rise in automobile manufacturing, the amount of waste generated also rises. Improperly disposed of waste not only raises environmental concerns but also lead to resource depletion. Automotive waste management allows the reuse and recycling of waste materials, such as metal, solvents, batteries, plastic, and glass.
Further, the report states that landfill costs are increasing due to the increase in the cost of land. Also, governments discourage the amount of dumping by increasing landfill costs. This will lead manufacturers to recycle these waste materials. With rapidly increasing land costs, the acquisition of landfill space has become more difficult. Further, landfills are usually located in remote areas, and, therefore, the transportation of these waste materials becomes a costly affair.