Global automotive parts remanufacturing market refers to the rebuilding of products, components, and equipment of an automobile to its original design specifications through utilization of reused, repaired, and new components. These processes require replacement or repair of obsolete and worn out modules and components called the core. Components that can be rebuild include extensive range of engine and related parts, transmission and related, brakes, wheels, compressors, steering, and fuel systems among others.
Market Dynamics:
According to the European Remanufacturing Network (ERN), the overall remanufacturing industry is expected to generate 500,000 jobs and could be valued at around US$ 110.9 billion by 2030, owing to supportive industry investments and government policies. The requirement to cope up with growing demands for automobile across the globe in conjunction with growing number of ageing vehicles, requirement to manage overall wastes, resource-efficient industry processes, and enhancement of overall profitability in the manufacturing processes is expected to fuel the overall industry demands. According to Coherent Market Insights, overall price reduction of the products up to 60% of the original equipment and the product warranties is expected to drive growth of automotive parts remanufacturing market.
Key features of the study:
- This report provides in-depth analysis of automotive parts remanufacturing market, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023– 2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global automotive parts remanufacturing market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, automotive parts remanufacturing market capital, key developments, strategies, and future plans
- Companies covered as part of this study include Valeo SA, ZF TRW, Carwood Group, Robert Bosch GmbH, Meritor Inc., Monark Automotive GmbH, Budweg Caliper A/S, Genuine Parts Company, ATC Drivetrain Inc., Maval Manufacturing Inc., Teamec BVBA, Motorcar Parts of America, Inc., and Jasper Engines and Transmissions
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global automotive parts remanufacturing market report caters to various stakeholders in this industry including investors, manufacturers, new entrants, large and small industry participants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global automotive parts remanufacturing market
Detailed Segmentation:
- Global Automotive Parts Remanufacturing Market, By Component Type:
- Engine & Related Parts
- Turbochargers
- EGR Valves
- Carburetors
- Transmission & Related
- Electrical & Electronics
- Starters
- Alternators
- Others
- Wheels & Brakes Related
- Hub Assemblies
- Master Cylinder
- Brake Calipers
- Bearings
- A/C Compressors
- Steering
- Fuel Systems
- Others
- Global Automotive Parts Remanufacturing Market, By Vehicle Type:
- Passenger Cars
- LCV
- HCV
- Off-road Vehicles
- All-terrain Vehicles
- Global Automotive Parts Remanufacturing Market, By Geography:
- North America
- Europe
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Country:
- Argentina
- Brazil
- Mexico
- Rest Of Latin America
- Middle East
- By Country:
- GCC
- Israel
- Rest Of Middle East
- Africa
- By Country:
- Northern Africa
- Central Africa
- Rest Of Middle East
- Company Profiles
- Valeo SA*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- ZF TRW
- Carwood Group
- Robert Bosch GmbH
- Meritor Inc.
- Monark Automotive GmbH
- Budweg Caliper A/S
- Genuine Parts Company
- ATC Drivetrain Inc.
- Maval Manufacturing Inc.
- Teamec BVBA
- Motorcar Parts of America, Inc.
- Jasper Engines and Transmissions
“*” marked represents similar segmentation in other categories in the respective section- Forecast to 2030”
