Analysis Of China's Scrap Car Recycling And Disassembly Industry Market Prospects In 2020

China's car ownership and scrap volume are increasing

According to the statistics of the China Automobile Industry Association, in 2019, the production and sales of automobiles will be 25.712 million and 25.769 million, respectively. As of September 2018, the Ministry of Public Security announced that the current domestic car ownership is about 235 million, a year-on-year increase of about 12.0%. The United States currently has 265 million cars, and China is expected to surpass the United States after 2019.

China's motor vehicle recycling volume grows rapidly

According to data released by the Department of Market System Construction of the Ministry of Commerce, in 2019, the number of motor vehicle recycling nationwide was 2.295 million, an increase of 15.3% year-on-year, of which 1.951 million were automobiles, an increase of 16.8%, and motorcycles were 344,000, an increase of 7.1%.

The number of scrapped cars in China will approach 18.5 million by 2020

Since 2011, the number of scrapped cars in China has been increasing, and it is expected to approach 18.5 million in 2020. Facing the challenge of the sharp increase in the number of scrapped cars, the green recycling of waste resources must rise to the practical level as soon as possible. After clarifying the specific responsibilities of all parties, promote the recycling and reuse of scrapped cars in China. The calculation phase transitions to actual recycling.