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Yahoo
02-07-2025
- Automotive
- Yahoo
Europe Automotive Circular Economy Market Outlook Report to 2034: EU Regulations and Digital Innovations Transform European Automotive Industry - A $100.25 Billion Market by 2034
The European automotive circular economy market, valued at $30.43 billion in 2024, is expected to reach $100.25 billion by 2034, growing at a CAGR of 12.66%. This growth is driven by a shift towards circular economy principles such as recycling, remanufacturing, and reusing, alongside regulatory pressure to cut emissions and boost sustainability. Key trends include digital innovations and the rise of electric vehicles, supported by the EU's Circular Economy Action Plan. Major companies like Umicore and BMW are key players. The market offers significant opportunities for innovation and strategic growth through partnerships and new product launches. European Automotive Circular Economy Market Dublin, July 01, 2025 (GLOBE NEWSWIRE) -- The "Europe Automotive Circular Economy Market: Focus on Application Type, Product Type, and Country - Analysis and Forecast, 2024-2034" report has been added to European automotive circular economy market was valued at $30.43 billion in 2024 and is projected to grow at a CAGR of 12.66%, reaching $100.25 billion by 2034. The market is expanding as a result of Europe's automotive industry's rapid transition to circular economy concepts, which include recycling, remanufacturing, and reusing components and materials. The need for fully recyclable, remanufactured, and refurbished car components is expected to increase as European manufacturers and regulators adopt more resource-efficient and sustainable growth is further supported by increased regulatory pressure to reduce carbon emissions, prolong vehicle lifespans, and optimise production processes. The automotive circular economy market on the continent is expected to grow significantly over the next ten years due to a number of factors, including the development of green technology, the rise in electric vehicles, and the European Union's ambitious circular economy action plan. Europe Automotive Circular Economy Market Trends, Drivers and Challenges Key Market Trends Expansion of closed-loop manufacturing and remanufacturing networks Integration of digital tracking (IoT, digital twins) for lifecycle monitoring Growth of vehicle-as-a-service and subscription models Second-life applications for EV batteries and parts Increased use of bio-based and recyclable materials Market Drivers Stringent EU regulations (Circular Economy Action Plan, End-of-Life Vehicle Directive) Corporate ESG commitments and sustainability targets Rising consumer demand for eco-friendly vehicles and components Cost savings from material recovery and reduced raw-material imports Advances in recycling technologies and automated sorting Market Challenges High capital expenditure for advanced recycling and remanufacturing facilities Supply-chain complexity and inconsistent standards across member states Limited market acceptance and pricing volatility for recycled materials Technical barriers in separating and processing composite and multi-material parts Need for skilled workforce and specialized reverse-logistics infrastructure Report Scope: Product/Innovation Strategy: The European automotive circular economy market is segmented based on various applications, vehicle types, propulsion types, and product categories, providing valuable insights into the industry's shift toward sustainability. The application segmentation includes a focus on vehicle components such as body parts, tires, batteries, and other key elements that are recycled, remanufactured, refurbished, and vehicle type, the market is divided into passenger vehicles and commercial vehicles, with the latter further segmented into light commercial vehicles, trucks, and buses. Propulsion types include internal combustion engine vehicles and electric vehicles, which are sub-categorized into hybrid electric vehicles, plug-in hybrid electric vehicles, and battery electric vehicles. The market is also analyzed by end-user type, including original equipment manufacturers (OEMs), the automotive aftermarket, and the market focuses on product types such as recycled, remanufactured, refurbished, and reused products. Key components in this circular economy include batteries, tires, polymers, body parts, and brakes and suspensions. As the automotive industry seeks to reduce waste and improve resource efficiency, these circular economy practices are becoming integral to achieving sustainability goals and driving growth in the Strategy: Europe's automotive circular economy market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product Strategy: The key players in the Europe automotive circular economy market analyzed and profiled in the study include professionals with expertise in the automobile and automotive domains. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the of the prominent names in this market are: Umicore ZF Friedrichshafen AG Valeo Renault Group BMW Group Aptiv Bosch GmbH Key Attributes: Report Attribute Details No. of Pages 96 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $30.43 Billion Forecasted Market Value (USD) by 2034 $100.25 Billion Compound Annual Growth Rate 12.6% Regions Covered Europe Key Topics Covered:1 Markets1.1 Trends: Current and Future Impact Assessment1.1.1 Increasing Focus on Battery Recycling and Second Life Applications1.1.2 Growth of Vehicle Remanufacturing1.2 Supply Chain Overview1.3 Regulatory Landscape1.4 Impact Analysis for Key Global Events1.4.1 Implementation of Stringent Environmental Regulations1.4.2 Global Climate Agreements and ESG Initiatives1.5 Market Dynamics Overview1.5.1 Market Drivers1.5.1.1 Stringent Government Regulations and Policies1.5.1.2 Growing Corporate ESG and Sustainability Commitments1.5.2 Market Restraints1.5.2.1 Complex Supply Chains and Infrastructure Challenges1.5.2.2 Inconsistent Global Regulations1.5.3 Market Opportunities1.5.3.1 Growing EV adoption Creating Substantial Opportunities in Repurposing Batteries1.5.3.2 Expansion of Circular Supply Chains and Partnerships1.6 Investment Landscape1.7 Automotive Circular Economy Market Case Studies1.8 Automotive Circular Economy Overview1.8.1 Need for Circular Economy in the Automotive Industry1.8.2 Sustainability and ESG Goals of Key Automotive Companies1.8.3 Impact of Circular Economy on Various Automotive Lifecycle Stages1.8.4 Impact of Automotive Circular Economy1.8.4.1 Recycled Materials1.8.4.2 Green Steel1.8.4.3 Climate Neutral Vehicles1.8.4.4 Sustainable Manufacturing Plants1.8.4.5 Green Dealerships1.8.4.6 Second-Life Batteries2 Regions2.1 Regional Summary2.2 Europe2.2.1 Regional Overview2.2.2 Driving Factors for Market Growth2.2.3 Factors Challenging the Market2.2.4 Application2.2.5 Product2.2.6 Europe (by Country)2.2.6.1 U.K.2.2.6.2 Germany2.2.6.3 Italy2.2.6.4 France2.2.6.5 Spain2.2.6.6 Netherlands2.2.6.7 Rest-of-Europe3 Markets - Competitive Benchmarking and Company Profiles3.1 Next Frontiers3.2 Geographic Assessment3.3 Recycling Companies3.3.1 Umicore3.4 Remanufacturing3.4.1 ZF Friedrichshafen AG3.4.2 Valeo3.5 Integrated Circular Economy Solutions3.5.1 Renault Group3.5.2 BMW Group3.6 Technology Providers3.6.1 Aptiv.3.7 Parts and Components SuppliersFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment European Automotive Circular Economy Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Fibre2Fashion
23-06-2025
- Business
- Fibre2Fashion
Textile recycling could cut COâ by 440,000 tonnes a year: Research
Reaching a modest 10 per cent textile-to-textile recycling rate by 2035 could cut CO2 emissions by 440,000 tonnes annually and reduce water scarcity impacts by over 3 per cent—or 8.8 billion m³ world equivalent, according to findings from the IVL Swedish Environmental Research Institute. Despite rising concerns over fast fashion's sustainability, global textile-to-textile recycling remains critically low—at only around 1 per cent. However, advanced recycling technologies could lift that rate to 26 per cent by 2030. The research, which examined five key recycling processes and used Monte Carlo modelling, showed a 92 per cent probability of reducing climate impacts and a nearly 100 per cent chance of bringing water scarcity improvements. The average reduction in climate impact of the new approach, compared to 'business as usual', was 0.5 per cent. With the EU aiming to make all textiles placed on the market durable, repairable, and recyclable by 2030 under its Sustainable and Circular Textiles Strategy, the study underscores the need for policy support to scale fibre-to-fibre recycling. This includes improvements in textile collection and sorting, quality of recycled fibres, and mechanisms such as taxes on virgin materials to shift industry norms. Researchers emphasise that while recycling must increase, the processes themselves also require enhanced efficiency to ensure that recycled fibres can effectively replace virgin counterparts. The findings add weight to calls for coordinated EU action under frameworks like the Energy Efficiency Directive and Circular Economy Action Plan. A 10 per cent textile-to-textile recycling rate by 2035 could cut COâ‚‚ emissions by 440,000 tonnes annually and ease water scarcity by over 3 per cent, said IVL. With current rates at just 1 per cent, advanced recycling could boost it to 26 per cent by 2030. The study has urged EU policy support to improve fibre recycling efficiency and infrastructure. Fibre2Fashion News Desk (HU)
Euronews
28-05-2025
- Business
- Euronews
Circular Economy Act: what are the European Commission's tools to get the economics right?
'We have a lot of policy already, what we need is to get the economics right', European Commissioner for the Environment Jessika Roswall told Euronews. Roswall is the architect of the EU Commission's future Circular Economy Act, which is to succeed the Circular Economy Action Plan (CEAP) adopted five years ago. The initiative should include updating existing rules to foster 'circular competitiveness' and boost the EU's recycling rate. In 2022, only 12% of products consumed came from recycling. The plan could include a revision of the WEEE (Waste from Electrical and Electronic Equipment) Directive, which governs the rules and targets for the collection and treatment of e-waste, from small batteries to photovoltaic panels. In almost 20 years, the WEEE Directive has led to a tenfold increase in the amount of e-waste recovered and properly treated in the EU, but not all member states have achieved the targets set. Quantities of WEEE are still not collected, improperly treated or illegally exported. The EU wants to increase the proportion of recovered materials in order to reduce the proportion of virgin materials imported for new electrical and electronic equipment. The Circular Economy Act should focus on the recovery of critical raw materials. This strategy is presented as a means of strengthening the EU's economic security against a backdrop of international trade tensions. 'The circularity numbers are too low. This geopolitical situation must be the time when we actually go circular', Commissoner Roswall told Euronews. In 2024, the EU adopted the Critical Raw Materials Act (CRM Act), which is intended to strengthen the EU's security of supply of a series of metals and other components essential to the green and digital transitions. The European Union has drawn up a regularly updated list of materials considered 'critical', such as rare-earth metals, copper or cobalt, and another of materials considered 'strategic', such as bismuth and magnesium metal. The EU's objective is to achieve a recycling rate of 25% of CRMs, compared with around 1% today. This requires investment in the necessary infrastructure as part of the Clean Industrial Deal presented last year. The circular economy should also apply to other sectors of the economy, such as construction, textiles and the automotive industry. The Act in preparation is set to provide for the revision of the Waste Framework Directive and promote the creation of a 'common market for waste'. Despite efforts at harmonisation, the existing fragmentation between national requirements, as in the case of Extended Producer Responsibility (EPR) systems, raises problems of competition and costs. An intra-EU waste market is wanted by Brussels, which conversely recently tightened the rules against the export of waste outside the EU. 'We need to change our mindset and see waste as an asset', Roswall added, specifying that she also considered water as waste. The EU recently strengthened its legislation on urban wastewater. It plans to maximise the reuse of water for irrigation in the continent's largest treatment stations. Alongside recycling, the EU is also encouraging the extension of product lifetimes. The Ecodesign for Sustainable Products Regulation (ESPR) entered into force in 2024, and is aimed at creating economic opportunities in remanufacturing, recycling or repair. The European Commission has put forward the concept of a 'right to repair', in the form of incentives to make repairing products easier and more attractive, in order to reduce waste. A directive aimed at 'Empowering consumers for the green transition' was also adopted to offer consumers better information on the products durability. According to a 2020 survey, 77% of Europeans said they would rather repair their goods, but had to buy new ones because of the lack of repair services.
Arab News
14-03-2025
- Business
- Arab News
How the circular economy can reach its full potential
Integrating systems thinking with circular economy models can enhance environmental sustainability, improve resource efficiency, and build long-term resilience. Systems thinking provides a framework for understanding how different elements within a system interact. When applied to sustainability, it helps assess the broader impact of environmental strategies. The circular economy, meanwhile, focuses on keeping resources in continuous use by repurposing materials and regenerating them for future applications. A key approach within this framework is life cycle analysis, which evaluates a product's environmental impact from resource extraction to disposal. According to a 2023 report by the Ellen MacArthur Foundation, companies that adopt LCA strategies can reduce material use by 30 percent and lower their carbon footprint by 20 percent. By transforming waste into raw materials, circular economy systems drive better product design and environmental progress. Businesses that implement systemic innovation see, on average, a 25 percent improvement in operational performance and a 15 percent reduction in production costs. For circular economy initiatives to succeed, collaboration is essential. Governments, businesses, local communities, NGOs, and academic institutions all play a role in driving sustainable change. The EU, for example, has developed the Circular Economy Action Plan, which sets recycling targets, funds eco-innovation projects, and assigns sustainability responsibilities to manufacturers. Standardized regulations help businesses transition to circular models, making them more competitive while also reducing costs. Academic institutions contribute by researching sustainable materials and designing efficient circular systems. At the same time, NGOs and community groups advocate for policy changes, educate the public, and engage in grassroots efforts to promote circular practices. For the circular economy to reach its full potential, positive stakeholder engagement and a systems-oriented approach are crucial. Majed Al-Qatari According to the Circular Economy Alliance, organizations that collaborate with multiple stakeholders achieve 40 percent better results in their circular projects than those working alone. Joint efforts not only foster innovation but also accelerate the adoption of sustainable practices across industries. Despite its benefits, stakeholder engagement in the circular economy faces several challenges. Different groups often have competing priorities. Businesses focus on profitability and operational efficiency, while governments continue to emphasize traditional economic growth over sustainability targets. Environmental organizations and local communities push for greener policies but frequently clash with industries over costs and feasibility. Additionally, 60 percent of small businesses and non-professional groups find circular economy practices difficult to implement, leading to reluctance in adopting new models. This hesitancy, combined with fragmented funding, slows the large-scale transition to circular systems. For the circular economy to reach its full potential, positive stakeholder engagement and a systems-oriented approach are crucial. Aligning sustainability efforts with a broader understanding of interconnected systems creates solutions that balance environmental protection, social well-being, and economic growth. By fostering collaboration, embracing innovation, and minimizing waste, societies can build a more sustainable future — one that benefits both current and future generations. • Majed Al-Qatari is a sustainability leader and ecological engineer experienced in advancing environment, social, governance and sustainability goals.
The Independent
12-03-2025
- Business
- The Independent
How to turn your DPP requirements into retail opportunities
Checkpoint Systems is a Business Reporter client James Barker, Director of Global Product Solutions at Checkpoint Systems, reveals how the right DPP solution can yield real business benefits for clothing retailers. Have you started planning your digital product passport (DPP) rollout? At the time of writing, the legislation will come into effect by 2028 and will impact all retailers putting apparel into the European market. The new legislation won't just fundamentally change the future of retail from the consumer's perspective; it'll irrevocably alter business infrastructure too. And each day brings the deadline closer. However daunting DPP implementation may seem, there are plenty of sustainability and business benefits to be gained as part of the transformation. Investing in the right digital platform and labelling combination could expedite ROI, improve efficiency, lower costs and achieve sustainability goals. What is DPP legislation and how will it impact apparel retailers? DPP legislation is part of the European Commission's Circular Economy Action Plan (CEAP) and a fundamental pillar of the European Green Deal. CEAP aims to promote circular economy processes by encouraging thoughtful product and packaging design and waste reduction. To help keep things transparent, some of this information will be available to customers through DPPs. A Digital Product Passport has two components: a centrally stored, digital source of product information and a DPP 'carrier' that is permanently attached to the product. Shoppers can scan the DPP carrier label with a smartphone and access that item's digital product information. This information should be easy to access on the shop floor and available until the end of that product's lifespan. To comply with DPP legislation, you'll need to gather environmental data on new and existing products, completely overhaul garment labelling and find a secure digital platform to store all that information for a decade or more. Given the dual challenge of compliant labelling and secure infrastructure, retailers should aim to find a partner experienced in both, with the proven ability to help secure a fast return on investment. With that in mind, our apparel labelling team developed CheckLINQ. CheckLINQ is Checkpoint System's data-centric answer to the digital component of DPP legislation and sits alongside our various compliant labelling options to give Checkpoint clients a scalable end-to-end solution. The platform, which we've already successfully piloted with an international apparel retailer, offers encrypted, GDPR-compliant information storage for millions of item-level data points. It uses robust APIs to pull product information from almost anywhere and sorts it into a compliant, customer-ready format. Although details on specific DPP data points aren't expected until late 2025, CheckLINQ's back-end can easily be modified to accommodate new information – as a CIRPASS2 member, we're well-placed to understand the requirements as and when they happen. Adopting now can help future-focused retailers get ahead while being flexible enough to give compliance for other environmental legislations, such as France's AGEC (currently live), which CheckLINQ has already been successfully piloted for. CheckLINQ's data-first, flexible back-end is what sets it apart from other DPP solutions on the market. We used our years of experience managing data connections through our CheckNet platform – which currently processes data from 14 million radio-frequency identification (RFID) labels per week – to create a platform capable of reliably meeting DPP requirements with seamless ease. Order less, sell more It's possible to reduce your carbon footprint and stock costs by using intelligent labelling solutions such as RFID as part of your DPP labelling overhaul. RFID inlays can provide quality data and inventory transparency with up to 99 per cent accuracy throughout your supply chain. Knowing exactly what you have and where can facilitate more accurate forecasting, smarter ordering and better allocation while allowing location-based merchandising, faster replenishment and reallocation. You'll send less deadstock to landfill, potentially reduce your carbon footprint and unlock the full value of your stock. Product authentication Your DPP labelling overhaul could also be an excellent opportunity to stamp out grey market activities, safeguard your brand and inspire consumer confidence. By integrating our NFC dual technology inlays or anti-clone QR codes into your new labels, you can empower consumers and authorised pre-loved resellers with the ability to verify genuine items with the scan of a smartphone. There's even potential to expand into innovative new areas, such as creating one-off digital twins or NFTs for your products. It's all possible with the right labelling partner. Enhanced consumer trust and engagement According to PwC's Voice of the Consumer Survey 2024, nearly a third of respondents felt transparency around environmental, societal and governance matters was crucial in establishing better brand trust. Consumers can use a DPP to verify your green claims at the point of purchase, complete with specific details such as your Higg Index score, which can be integrated easily via CheckLINQ. You could even take things one step further by upgrading to our NFC-enabled DUÉ labels to create new opportunities for interactive smartphone-based in-store experiences. In a future where consumers are increasingly bringing their phones into the purchasing journey, it's an incredible opportunity to upsell, inspire and engage. Big changes need expert guidance For many retailers, the upcoming DPP rollout will be a massive undertaking. If that weren't enough incentive to seek expert guidance, the slew of potential business and customer benefits attached to your label and platform choices certainly are. Partners such as Checkpoint have experience managing data connections with proven data integrity through CheckNet and decades of experience supporting some of the world's largest retailers with apparel labelling projects. We believe DPP legislation goes beyond environmental accountability and transparency; it's also an opportunity to kickstart a new era for your brand. One that drives better value for you, your customers and the planet.
