Automotive Industry for Waste Management Market Expected to Register a CAGR of 11.31% over 2016-2020

Date: 2016-09-11

The market of Automotive Industry for Waste Management 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 most important 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. Global automobile production exceed 90 million in 2015, and expect 93 million automobiles will be produced in 2016; some 68.56 million cars were produced worldwide and about 22.12 million such vehicles were produced globally in 2015. 

In addition, 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. 

According to research, the global Automotive Industry for Waste Management Market is expected to register at 11.31% CAGR over 2016-2020.

Automotive Industry for Waste Management market share by waste type as following:


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Joanna | Executive – International Business and partner Relations
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