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Automotive Parts Remanufacturing Market to Register Substantial Expansion by 2019 – 2029

Automotive Parts Remanufacturing Market Segmentation

The Automotive Parts Remanufacturing Market is an intrinsic study of the current status of this business vertical and encompasses a brief synopsis about its segmentation. The report is inclusive of a nearly accurate prediction of the market scenario over the forecast period – market size with respect to valuation as sales volume. The study lends focus to the top magnates comprising the competitive landscape of Automotive Parts Remanufacturing Market, as well as the geographical areas where the industry extends its horizons, in magnanimous detail.

The market report, titled ‘Automotive Parts Remanufacturing Market Research Report 2019 – By Manufacturers, Product Type, Applications, Region and Forecast to 2019 – 2029′, recently added to the market research repository of details in-depth past and present analytical and statistical data about the Automotive Parts Remanufacturing Market. The report describes the Automotive Parts Remanufacturing Market in detail in terms of the economic and regulatory factors that are currently shaping the market’s growth trajectory, the regional segmentation of the Automotive Parts Remanufacturing Market, and an analysis of the market’s downstream and upstream value and supply chains.

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The report offers the market growth rate, size, and forecasts at the global level in addition as for the geographic areas: Latin America, Europe, Asia Pacific, North America, and Middle East & Africa. Also, it analyses, roadways and provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading market players within the Automotive Parts Remanufacturing Market. The industry-changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users.

In accordance with a competitive prospect, this Automotive Parts Remanufacturing report dispenses a broad array of features essential for measuring the current Automotive Parts Remanufacturing Market performance along with technological advancements, business abstract, strengths and weaknesses of market position and hurdles crossed by the leading Automotive Parts Remanufacturing Market players to gain leading position. Other aspects such as customer base, sales reach, local coverage, production price trends, and production cost layout are also analyzed to bestow accurate rivalry perspective.

The report covers exhaustive analysis on:

  • Automotive Parts Remanufacturing Market Segments
  • Automotive Parts Remanufacturing Market Dynamics
  • Automotive Parts Remanufacturing Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

Regional analysis includes

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

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The report provides extensive data concerning the market share that each one of these companies presently gather throughout this business, followed by the market share that they are anticipated to acquire by the end of the predicted timeframe. Also, the report expounds on details relating to the goods manufactured by these firms, that would help new industry participants and major stakeholders work on their competition and portfolio strategies. In addition, their policymaking process is likely to get easier since the Automotive Parts Remanufacturing Market report also enumerates an idea of the trends in product prices and the revenue margins of all the major companies partaking in the industry share.

Queries that the Automotive Parts Remanufacturing Market report answers in respect of the regional landscape of the business domain:

  • How much is the sales evaluations of each market player in question Also, how are the revenue statistics regarding the present market scenario?
  • How much profit does each geography hold at present?
  • How many proceeds will every zone including North America, Europe, Asia-Pacific, South America & Middle East and Africa account for, over the projected timeframe?
  • How much growth rate is each region estimated to exhibit by the end of the estimated timeline?

Significant takeaways from the study:

The Automotive Parts Remanufacturing Market report hosts excess deliverables that may be highly advantageous. Say for instance, the report emphasizes information regarding market competition trends – extremely essential data subject to contender intelligence and the current industry drifts that would enable shareholders to compete and take advantage of the biggest growth opportunities in the Automotive Parts Remanufacturing Market.

Another vital takeaway from the report can be accredited to the industry concentration rate that could help stakeholders to speculate on the existing sales dominance and the probable trends of the forthcoming years.

Additional deliverables mentioned in the report include details pertaining to the sales channels deployed by prominent sellers in order to retail their status in the industry, including direct and indirect marketing.

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Automotive Parts Remanufacturing Market 2018 Types, Applications, Production, Consumption, Sales, Imports/Exports, Forecast To 2026

Los Angeles, USA: This research report classifies the global Automotive Parts Remanufacturing market in terms of top players/brands, region, type, and end-user. This report also studies the global Automotive Parts Remanufacturing market structure, growth rate, growth drivers, future trends, market drivers, challenges, barriers, opportunities, sales channels, distributors and competition. 

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Automotive Parts Remanufacturing Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis of Automotive Parts Remanufacturing Market. This research is conducted to understand the current landscape of the market, especially in 2018. This will shape the future of the market and foresee the extent of competition in the market. This report will also help all the manufacturers and investors to have a better understanding of the direction in which the market is headed.

Major Players Operating in this market 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.

Important Features that are under Offering and Key Highlights of the Reports:

Detailed overview of Market

Changing market dynamics of the industry

In-depth market segmentation by Type, Application etc.

Historical, current and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape of Automotive Parts Remanufacturing Market

Strategies of key players and product offerings

Potential and niche segments/regions exhibiting promising growth

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With this Automotive Parts Remanufacturing market report, all the participants and the vendors will be in aware of the growth factors, shortcomings, threats, and the lucrative opportunities that the market will offer in the near future. The report also features the revenue; industry size, share, production volume, and consumption in order to gain insights about the politics and tussle of gaining control of a huge chunk of the market share.

For each geographical region, the market potential is analyzed with respect to the growth rate, consumer buying patterns, demand, and present scenarios, macroeconomic parameters in the industry. The industry existence and maturity analysis will lead to investment feasibility and development scope. The report offers the market growth rate, size, and forecasts at the global level. 

The main points which are answered and covered in this Report are-

What will be the total market size in the coming years till 2026?

What will be the key factors which will be overall affecting the industry?

What are the various challenges addressed?

Which are the major companies included?

Which geography will grow at a faster rate and why?

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World’s Major Regions Covered:

North America: United States, Canada, Mexico

Asia-Pacific: China, India, Australia, Japan, South Korea, Indonesia, Malaysia, Philippines, Thailand, Vietnam

Middle East Africa: Turkey, Egypt, South Africa, GCC Countries, Rest of Middle East & Africa

Europe: Germany, France, UK, Russia, Italy, Rest of Europe 

Central & South America: Brazil, Rest of South America 

Reasons for Buying This Report: 

It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.

It Provides A Five-Year Forecast Assessed on The Basis of How the Market Is Predicted to Grow

It Helps in Understanding the Key Product Segments and Their Future.

It Provides Pin Point Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.

It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments. 

The assessment of the winning strategies followed by these companies can help Automotive Parts Remanufacturing industry not only strategize but also execute industry operations by referring to the statistics about competitor analysis. The valuation of the Automotive Parts Remanufacturing industry analysis across different regions along with vital information on the Market size, share and growth rate makes this report a wonderful resource for business evangelists. 

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Coronavirus COVID-19 Industry Impact Market Reports Market Size Market Study News

Automotive Parts Remanufacturing Market Report 2020: Acute Analysis of Global Demand and Supply 2025 with Major Key Player: Andre Niermann (Germany), ATC Drivetrain Inc. (USA), ATSCO Remanufacturing Inc. (USA), BORG Automotive A/S (Denmark), Cardone Industries, etc

Automotive-Parts-Remanufacturing-market

Note: Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Automotive Parts Remanufacturing Market which would mention How the Covid-19 is Affecting the Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Key Regions and Proposal for Automotive Parts Remanufacturing Market Players to battle Covid-19 Impact.

Overview of Automotive Parts Remanufacturing Market 2020-2025:

The Automotive Parts Remanufacturing Market report is compilation of intelligent, broad research studies that will help players and stakeholders to make informed business decisions in future. It offers detailed research and analysis of key aspects of the Automotive Parts Remanufacturing market. Readers will be able to gain deeper understanding of the competitive landscape and its future scenarios, crucial dynamics, and leading segments of the global Automotive Parts Remanufacturing market. Buyers of the report will have access to accurate PESTLE, SWOT and other types of analysis on the global Automotive Parts Remanufacturing market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries. Players can use this study to explore untapped Automotive Parts Remanufacturing markets to extend their reach and create sales opportunities.

The study encompasses profiles of major Companies/Manufacturers operating in the global Automotive Parts Remanufacturing Market. Key players profiled in the report include: Andre Niermann (Germany), ATC Drivetrain Inc. (USA), ATSCO Remanufacturing Inc. (USA), BORG Automotive A/S (Denmark), Cardone Industries, Inc. (USA), Caterpillar (USA), Detroit Diesel Remanufacturing LLC (USA), Genuine Parts Company (USA), Jasper Engines and Transmissions (USA), Marshall Engines Inc. (USA), Motorcar Parts of America, Inc. (USA), Remy Power Products, LLC (USA), Robert Bosch GmbH (Germany), Standard Motor Products Inc. (USA), Teamec BVBA (Belgium), ZF Friedrichshafen AG (Germany) and More…

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Segmental Analysis:
The report has classified the global Automotive Parts Remanufacturing market into segments including product type and application. Every segment is evaluated based on share and growth rate. Besides, the analysts have studied the potential regions that may prove rewarding for the Automotive Parts Remanufacturing manufcaturers in the coming years. The regional analysis includes reliable predictions on value and volume, there by helping market players to gain deep insights into the overall Automotive Parts Remanufacturing industry.

Market Segment By Type:
Transmission
Engine
Gear
Others

Market Segment By Application:
Commercial Vehicle
Passenger Car

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The authors of the report have analyzed both developing and developed regions considered for the research and analysis of the global Automotive Parts Remanufacturing market. The regional analysis section of the report provides an extensive research study on different regional and country-wise Automotive Parts Remanufacturing industry to help players plan effective expansion strategies.

Regions Covered in the Global Automotive Parts Remanufacturing Market:
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Years Considered to Estimate the Market Size:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2020-2025

Highlights of the Report:

  • Accurate market size and CAGR forecasts for the period 2019-2025.
  • Identification and in-depth assessment of growth opportunities in key segments and regions.
  • Detailed company profiling of top players of the global Automotive Parts Remanufacturing market.
  • Exhaustive research on innovation and other trends of the global Automotive Parts Remanufacturing market.
  • Reliable industry value chain and supply chain analysis.
  • Comprehensive analysis of important growth drivers, restraints, challenges, and growth prospects.

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Reasons to buy:

  • Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
  • Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
  • Classify potential new clients or partners in the target demographic.
  • Develop tactical initiatives by understanding the focus areas of leading companies.
  • Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
  • Formulate corrective measures for pipeline projects by understanding Automotive Parts Remanufacturing pipeline depth.
  • Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
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COVID-19 Impact ON Automotive Parts Remanufacturing Market : What will be the key strategies for 2020?

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The global Automotive Parts Remanufacturing Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Automotive Parts Remanufacturing market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global Automotive Parts Remanufacturing market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Automotive Parts Remanufacturing market. We have also focused on SWOT, PESTLE, and Porter’s Five Forces analyses of the global Automotive Parts Remanufacturing market.

Leading players of the global Automotive Parts Remanufacturing market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Automotive Parts Remanufacturing market. Furthermore, the report offers two separate market forecasts – one for the production side and another for the consumption side of the global Automotive Parts Remanufacturing market. It also provides useful recommendations for new as well as established players of the global Automotive Parts Remanufacturing market.

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Major Players:

Andre Niermann (Germany)
ATC Drivetrain Inc. (USA)
ATSCO Remanufacturing Inc. (USA)
BORG Automotive A/S (Denmark)
Cardone Industries, Inc. (USA)
Caterpillar (USA)
Detroit Diesel Remanufacturing LLC (USA)
Genuine Parts Company (USA)
Jasper Engines and Transmissions (USA)
Marshall Engines Inc. (USA)
Motorcar Parts of America, Inc. (USA)
Remy Power Products, LLC (USA)
Robert Bosch GmbH (Germany)
Standard Motor Products Inc. (USA)
Teamec BVBA (Belgium)
ZF Friedrichshafen AG (Germany)

Segmentation by Product:

Automotive Aluminum Piston
Automotive Steel Piston

Segmentation by Application:

Commercial Vehicle
Passenger Car

Regions and Countries: U.S, Canada, France, Germany, UK, Italy, Rest of Europe, India, China, Japan, Singapore, South Korea, Australia, Rest of APAC, Brazil, Mexico, Argentina, Rest of LATAM, Saudi Arabia, South Africa, UAE.

Report Objectives

  • Analyzing the size of the global Automotive Parts Remanufacturing market on the basis of value and volume
  • Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Automotive Parts Remanufacturing market
  • Exploring key dynamics of the global Automotive Parts Remanufacturing market
  • Highlighting important trends of the global Automotive Parts Remanufacturing market in terms of production, revenue, and sales
  • Deeply profiling top players of the global Automotive Parts Remanufacturing market and showing how they compete in the industry
  • Studying manufacturing processes and costs, product pricing, and various trends related to them
  • Showing the performance of different regions and countries in the global Automotive Parts Remanufacturing market
  • Forecasting the market size and share of all segments, regions, and the global market.

Table of Contents

Report Overview: It includes major players of the global Automotive Parts Remanufacturing market covered in the research study, research scope, and Market segments by type, market segments by application, years considered for the research study, and objectives of the report.

Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the global Automotive Parts Remanufacturing market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global Automotive Parts Remanufacturing market are discussed.

Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.

Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.

Market Size by Application: Besides an overview of the global Automotive Parts Remanufacturing market by application, it gives a study on the consumption in the global Automotive Parts Remanufacturing market by application.

Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

Consumption by Region: This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.

Company Profiles: Almost all leading players of the global Automotive Parts Remanufacturing market are profiled in this section. The analysts have provided information about their recent developments in the global Automotive Parts Remanufacturing market, products, revenue, production, business, and company.

Market Forecast by Production: The production and production value forecasts included in this section are for the global Automotive Parts Remanufacturing market as well as for key regional markets.

Market Forecast by Consumption: The consumption and consumption value forecasts included in this section are for the global Automotive Parts Remanufacturing market as well as for key regional markets.

Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and value chain of the global Automotive Parts Remanufacturing market.

Key Findings: This section gives a quick look at important findings of the research study.

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Automotive Parts Remanufacturing Market 2020 Global Industry Size, Outlook, Share, Demand, Manufacturers and 2025 Forecast

Machinery And Equipment

Global Automotive Parts Remanufacturing Market Size study report with COVID-19 effect is considered to be an extremely knowledgeable and in-depth evaluation of the present industrial conditions along with the overall size of the Automotive Parts Remanufacturing industry, estimated from 2020 to 2025. The research report also provides a detailed overview of leading industry initiatives, potential market share of Automotive Parts Remanufacturing, and business-oriented planning, etc. The study discusses favorable factors related to current industrial conditions, levels of growth of the Automotive Parts Remanufacturing industry, demands, differentiable business-oriented approaches used by the manufacturers of the Automotive Parts Remanufacturing industry in brief about distinct tactics and futuristic prospects.

Major Players Covered in this Report are:
Remy Power Products, LLC, ATC Drivetrain Inc., Motorcar Parts of America, Inc., Teamec BVBA, Marshall Engines lnc., Genuine Parts Company, ATSCO Remanufacturing Inc., Robert Bosch Gmbh, ZF Friedrichshafen AG, BORG Automotive A/S, Cardone Industries, Inc., Maval Manufacturing lnc., Standard Motor Products Inc., Andre Niermann, Detroit Diesel Corporation, Jasper Engines and Transmissions

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The Automotive Parts Remanufacturing Market study report analyses the industry’s growth patterns through Past Research and forecasts potential prospects based on comprehensive analysis. The report provides extensive market share, growth, trends , and forecasts for the 2020–2025 period. The study offers key information on the Automotive Parts Remanufacturing market status, which is a valuable source of advice and guidance for companies and individuals involved in the industry.

The research report will concentrate on leading global players in the Automotive Parts Remanufacturing market report, which includes details such as company profiles, product picture and specification, creation of R&D, distribution & production capability, distribution networks, quality , cost, revenue and contact information. The study report discusses legal strategies, and product development between the industry dynamics that are leading and growing and coming.

Market Segmentation:

The report is divided into major categories comprising product, distribution channel, application, and end users. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Every segment is studied thoroughly in order to offer a better picture to the buyers and stakeholders to benefit from. Information like highest prevailing product, highly demanded product by the application segment and end users are rightly mentioned in the Automotive Parts Remanufacturing report.

Market Breakdown Data by Types:

  • Remanufactured Air Conditioning Parts
  • Remanufactured Electrical System Parts
  • Remanufactured Brake and Clutch System Parts
  • Remanufactured Transmissions and Associated Parts
  • Other

Market Breakdown Data by Applications:

  • commercial vehicles
  • passenger cars

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Regional Insights:

The Automotive Parts Remanufacturing market is segmented as North America, South America, Europe, Asia Pacific, and Middle East and Africa. Researchers have thoroughly studied about the historical market. With extensive research, experts have offered details on the current and the forecast demand made by these regions. The Automotive Parts Remanufacturing report also includes highlights on the prevailing product demanded by end users and end customers for better understanding of product demand by producers. This will help the producers and the marketing executives to plan their production quantity and plan effective marketing strategies to more buyers. Businesses can hence, increase their product portfolio and expand their global presence. Automotive Parts Remanufacturing market research report further offers information on the unexplored areas in these regions to help the producers to plan promotional strategies and create demand for their new and updated products. This will again help the manufacturers to increase their customers and emerge as leaders in the near future.

In this study, the years considered to estimate the market size of Automotive Parts Remanufacturing are as follows:

History Year 2015-2019
Base Year 2020
Estimated Year 2020
Forecast Year 2020-2025

Research Objectives

  • To study and analyze the global Automotive Parts Remanufacturing consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2025.
  • To understand the structure of Automotive Parts Remanufacturing market by identifying its various sub-segments.
  • Focuses on the key global Automotive Parts Remanufacturing manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Automotive Parts Remanufacturing with respect to individual growth trends, future prospects, and their contribution to the total market.

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Global Automotive Parts Remanufacturing Market 2020 with COVID-19 After Effects Analysis by Key Players – Andre Niermann (Germany), ATC Drivetrain Inc. (USA)

Automotive Parts Remanufacturing Industry Overview – Competitive Analysis, Regional and Global Analysis, Segment Analysis, Market Forecasts 2026

The global Automotive Parts Remanufacturing markets have undergone huge change in the last few months. These changes were due to the outbreak of the pandemic which was first detected in the Wuhan city of China. COVID-19 which has occurred due to the coronavirus has taken many lives of people around the world. As the disease is spreading at a rapid rate many of the countries have ordered lockdown for maintaining social distancing. Due to the lockdown, many of the industries have halted their manufacturing units. There have been restrictions for cross border trading within the countries and also within the states. Owing to these conditions, trading conditions in various regions have been affected badly. The overall countries in the world are facing economic crisis thus affecting some of the major markets in the world.

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The research analysts from the Market Research Store have conducted a detailed study about the global Automotive Parts Remanufacturing market. Owing to the above mentioned conditions, the global Automotive Parts Remanufacturing market has undergone several changes on the global platform. All these updates are mentioned in the Automotive Parts Remanufacturing market report study. The research analysts have conducted a thorough primary and secondary research for updating the market statistics as per the current market scenario. The detailed Automotive Parts Remanufacturing market report is of over 150 pages including more than 30 tables and around 20 figures. The report includes pictorial representations of the market data in order to understand the Automotive Parts Remanufacturing market in a simple and easy way.

The data that is included about the Automotive Parts Remanufacturing market incorporates historical data from 2016 to 2019 and forecasts data from 2020 to 2026. The major players that are functioning in the Automotive Parts Remanufacturing market are Andre Niermann (Germany), ATC Drivetrain Inc. (USA), ATSCO Remanufacturing Inc. (USA), BORG Automotive A/S (Denmark), Cardone Industries, Inc. (USA), Caterpillar (USA), Detroit Diesel Remanufacturing LLC (USA), Genuine Parts Company (USA), Jasper Engines and Transmissions (USA), Marshall Engines Inc. (USA), Motorcar Parts of America, Inc. (USA), Remy Power Products, LLC (USA), Robert Bosch GmbH (Germany), Standard Motor Products Inc. (USA), Teamec BVBA (Belgium), ZF Friedrichshafen AG (Germany). Details about all the market players, distributors, suppliers, and retailers are profiled in the Automotive Parts Remanufacturing market report.

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The Automotive Parts Remanufacturing market is segmented into {Transmission, Engine, Gear, Other}; {Commercial Vehicle, Passenger Car}. Each of the market segments is described in detail within the report. Data about the segments  are represented in both qualitative and quantitative format, thus enabling to understand the market in detail.

Major Advantages for Automotive Parts Remanufacturing Market:

– Well-organized description of the international Automotive Parts Remanufacturing market along with the ongoing inclinations and future considerations to reveal the upcoming investment areas.
– The all-inclusive market feasibility is examined to figure out the profit-making trends to obtain the most powerful foothold in the Automotive Parts Remanufacturing industry.
– The Automotive Parts Remanufacturing market report covers data which reveal major drivers, constraints, and openings with extensive impact analysis.
– The current market is quantitatively reviewed from 2019 to 2028 to pinpoint the monetary competency of the global Automotive Parts Remanufacturing market.
– Last but not least, PORTER’S Five Forces Analysis shows the effectiveness of the customers and providers from a global perspective.

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Automotive Parts Remanufacturing Market Sales Revenue to Cross US$ 21.4 Bn by 2024 End

European Council’s stringent laws will continue curbing the rate at which worn-out car parts are discarded and dumped in the environment. Measures as such are reinforcing the growth of remanufacturing business across the region which is known for its significant contribution to the global automobile industry. Besides, buying new parts is losing its feasibility in Europe owing to volatile prices of raw materials and fragmented presence of OEMs. Thus, reprocessing and testing core components of cars continues to gain traction across Europe, solidifying the growth of its automotive parts remanufacturing market. Persistence Market Research recently valued the automotive parts remanufacturing market in Europe at US$ 12,152 Mn, and expected it to reach US$ 21,433.2 Mn by the end of 2024.

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According to its report, titled “Automotive Parts Remanufacturing Market: Europe Industry Analysis and Forecast, 2016-2024,” Persistence Market Research projects that during the forecast period, Europe’s automotive parts remanufacturing market will register a steady value CAGR of 6.4%. The report reveals that in 2016, close to 35 million units of remanufactured automotive parts were sold across Europe. This number is expected to soar at 7.4% CAGR and surpass 56 million by the end of 2024. And, environmental concerns associated with ageing of automobiles continues to drive this demand for automotive parts remanufacturing in Europe.

Emergence of new products and components for controlling a vehicle’s performance serve as an underlining driver for the market’s growth. Advent of hybrid and advanced vehicles in Europe is also favoring the adoption of automotive parts remanufacturing. Core components are getting remodeled through remanufacturers, and are being augmented with latest hi-tech devices. Demand for remanufacturing engine and transmission components is fairly high across Europe, and is expected to remain so throughout the forecast period. Remanufacturing of turbochargers, transmission clutches, brake calipers, and steering wheels will register rampant growth in revenues and exhibit CAGRs not less than 7.8%.

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Meanwhile, over 40% of Europe’s automotive parts remanufacturing market will be accounted by passenger cars. By the end of 2024, more than 23 million passenger car parts will be remanufactured across European countries. Demand for remanufacturing automotive parts will also witness an uptick among HCVs and off-highway vehicles. Being Europe’s leading country in automobile manufacturing, Germany will continue to dominate the market with over one-third revenue share throughout the forecast period. The report further reveals that in 2017 and beyond, the demand for automotive parts remanufacturing will incur impressive growth in the UK, while countries such as France, Italy and Russia will come up short.

In the years to come, Europe will continue to be recognized for housing automotive industry leaders such as Mercedes-Benz, Bayerische Motoren Werke and Volkswagen, among others. And, it’s the high profit margins that will compel Europe’s automakers towards remanufacturing businesses. Higher profit margins associated with aftermarket sales of automotive components, coupled with minimal input costs for remanufacturing discarded products, are consolidating the competitive landscape in Europe’s automotive parts remanufacturing market.

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Key players participating in the growth of automotive parts remanufacturing market in Europe include

  •  Borg Automotive A/S
  • Valeo SA
  • Caterpillar Inc.
  • ZF Friedrichshafen AG
  • Carwood Group
  • Meritor Inc.
  • Robert Bosch GmbH
  • Budweg Caliper A/S
  • Monark Automotive GmbH
  • LuK Unna GmbH & Co. KG.