Automotive Parts Remanufacturing Market - Global Industry Insights, Size, Share, and Forecast, 2022 - 2028
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 (2022-2028), considering 2021 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
Clutches
Bearings
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
By Component Type:
Engine & Related Parts
Turbochargers
EGR Valves
Carburetors
Transmission & Related
Clutches
Bearings
Electrical & Electronics
Starters
Alternators
Others
Wheels & Brakes Related
Hub Assemblies
Master Cylinder
Brake Calipers
Bearings
A/C Compressors
Steering
Fuel Systems
Others
By Vehicle Type:
Passenger Cars
LCV
HCV
Off-road Vehicles
All-Terrain Vehicles
By Country:
U.S.
Canada
Europe
Engine & Related Parts
Turbochargers
EGR Valves
Carburetors
Transmission & Related
Clutches
Bearings
Electrical & Electronics
Starters
Alternators
Others
Wheels & Brakes Related
Hub Assemblies
Master Cylinder
Brake Calipers
Bearings
A/C Compressors
Steering
Fuel Systems
Others
By Vehicle Type:
Passenger Cars
LCV
HCV
Off-road Vehicles
All-Terrain Vehicles
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
Engine & Related Parts
Turbochargers
EGR Valves
Carburetors
Transmission & Related
Clutches
Bearings
Electrical & Electronics
Starters
Alternators
Others
Wheels & Brakes Related
Hub Assemblies
Master Cylinder
Brake Calipers
Bearings
A/C Compressors
Steering
Fuel Systems
Others
By Vehicle Type:
Passenger Cars
LCV
HCV
Off-road Vehicles
All-Terrain Vehicles
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Engine & Related Parts
Turbochargers
EGR Valves
Carburetors
Transmission & Related
Clutches
Bearings
Electrical & Electronics
Starters
Alternators
Others
Wheels & Brakes Related
Hub Assemblies
Master Cylinder
Brake Calipers
Bearings
A/C Compressors
Steering
Fuel Systems
Others
By Vehicle Type:
Passenger Cars
LCV
HCV
Off-road Vehicles
All-Terrain Vehicles
By Country:
Argentina
Brazil
Mexico
Rest Of Latin America
Middle East
Engine & Related Parts
Turbochargers
EGR Valves
Carburetors
Transmission & Related
Clutches
Bearings
Electrical & Electronics
Starters
Alternators
Others
Wheels & Brakes Related
Hub Assemblies
Master Cylinder
Brake Calipers
Bearings
A/C Compressors
Steering
Fuel Systems
Others
By Vehicle Type:
Passenger Cars
LCV
HCV
Off-road Vehicles
All-Terrain Vehicles
By Country:
GCC
Israel
Rest Of Middle East
Africa
Engine & Related Parts
Turbochargers
EGR Valves
Carburetors
Transmission & Related
Clutches
Bearings
Electrical & Electronics
Starters
Alternators
Others
Wheels & Brakes Related
Hub Assemblies
Master Cylinder
Brake Calipers
Bearings
A/C Compressors
Steering
Fuel Systems
Others
By Vehicle Type:
Passenger Cars
LCV
HCV
Off-road Vehicles
All-Terrain Vehicles
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook