Global Remanufactured Automotive Parts Market 2024-2028
The remanufactured automotive parts market is forecasted to grow by USD 9147.8 mn during 2023-2028, accelerating at a CAGR of 3.2% during the forecast period. The report on the remanufactured automotive parts market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by ageing vehicle fleet, increase in vehicle miles driven, and high reliance on IC engines for mechanizing vehicles.
Technavio's remanufactured automotive parts market is segmented as below:
By Vehicle Type
- Passenger cars
- Commercial vehicles
By Component
- Electrical and electronic parts
- Engine
- Transmission
- Wheels and breaks
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing popularity of 3D printing in automotive Aftermarket industry as one of the prime reasons driving the remanufactured automotive parts market growth during the next few years. Also, increasing focus on engine downsizing and growing preference for public transport in APAC will lead to sizable demand in the market.
The report on the remanufactured automotive parts market covers the following areas:
- Remanufactured automotive parts market sizing
- Remanufactured automotive parts market forecast
- Remanufactured automotive parts market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading remanufactured automotive parts market vendors that include Aer Manufacturing LP, Andre Niermann, ATC Drivetrain, BBB Industries LLC, Borg Automotive AS, Cardone Industries Inc., Caterpillar Inc., Detroit Diesel Corp., Ford Motor Co., Jasper Engines and Transmissions, Marshalls Automotive Machine Inc., Motorcar Parts of America Inc., Renault SAS, Robert Bosch GmbH, Standard Motor Products Inc., Tata Motors Ltd., Teamec BVBA, Toyota Motor Corp., Volkswagen AG, and ZF Friedrichshafen AG. Also, the remanufactured automotive parts market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.