Core Viewpoint - The scrap vehicle recycling industry in China is experiencing significant growth driven by supportive policies and an increasing number of qualified enterprises, with a projected recovery volume of 7.872 million vehicles in 2024, a 70.7% year-on-year increase [1][19]. Industry Overview - Scrap vehicles are defined as those that meet national scrapping standards or are severely damaged and do not meet safety or emission standards [3]. - The recycling process involves extracting waste oil, dismantling reusable parts, and recycling materials such as tires, plastics, and electronic devices [3][7]. Industry Development History - Since 1980, China has gradually established vehicle recycling procedures, with significant policy improvements occurring after the implementation of State Council Order No. 715 in 2019, transitioning to a market-oriented model [9]. - The industry has shifted from a rough development model to a more ecological, resource-efficient, and circular economy approach, contributing positively to carbon reduction goals [9]. Development Drivers 1. Policy Framework: The government has introduced various policies to enhance the recycling system, emphasizing the importance of scrapping old vehicles and improving recycling channels [11][13]. 2. Old-for-New Policy: The implementation of the old-for-new vehicle policy has significantly boosted the recycling industry, with substantial subsidies for scrapping older vehicles [14][15]. 3. Aging Vehicle Population: The rapid growth of vehicle ownership since 2000 has led to a large number of vehicles entering the scrapping phase, indicating strong market potential [17]. Current Industry Status 1. Recycling Volume: The scrap vehicle recovery volume reached 7.872 million in 2024, with a 58.6% increase in the first quarter of 2025 [19]. 2. Market Size: The market for scrap vehicle recycling is estimated to be around 63.83 billion yuan in 2024, with a significant portion of vehicles entering illegal dismantling operations [23]. 3. Enterprise Distribution: The number of qualified recycling enterprises has surged from 755 in 2019 to over 1800 by mid-2025, with increasing competition and operational pressures [25]. Future Trends - The industry is expected to undergo rapid growth and restructuring, with a focus on diversified development, refined dismantling processes, and the integration of digital tracking and green technologies [27].
研判2025！中国报废汽车回收行业发展历程、行业现状及未来趋势分析：“以旧换新”政策的出台，为报废汽车回收行业注入新动能[图]
Chan Ye Xin Xi Wang·2025-06-27 01:12