The global automotive parts remanufacturing market is estimated to grow at a value CAGR of 7.1% over 2018-2026, roughly equating US$ 91 Bn by the end of 2026.

Automotive parts, after a certain period of usage, undergo wear and damage, and require replacement. Automotive parts will thus continue to witness significant demand in the aftermarket, which in turn is likely to create multiple growth opportunities for the automotive parts remanufacturing market players.

Attractive cost savings and profitable margins associated with the automotive parts remanufacturing market have been securing a profitable position for automotive remanufacturers over the years. Remanufactured parts cost nearly 50-75% as much as the original product – while providing the same quality, which remains the key booster to demand growth of remanufactured parts.

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FACTS AT A GLANCE

Companies: Volvo AB, Robert Bosch, BBB Industries, Cardone Industries, Valeo SA, Meritor Inc., ATC Drivetrain LLC and Motor Parts of America, among others.

Coverage: All major geographies and key segments

Segments: Automotive Parts Remanufacturing Market Segmented By Engine and Related Parts, Transmission, Electrical and Electronics, Wheels and Brakes, A/C Compressors, Steering, Fuel systems Components by Passenger Cars, LCVs, HCVs, Off Road Vehicles, All-Terrain Vehicle Types

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

Persistence Market Research (PMR) analyzes the Automotive Parts Remanufacturing Market in its new publication titled “Automotive Parts Remanufacturing Market Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026”. This global study on the automotive Parts Remanufacturing provides data for 2017 along with the forecast for the period 2018 – 2026. The main objective of the global automotive parts remanufacturing report is to identify the dynamics in the market and provide recent updates that are affecting the various segments of the global automotive parts remanufacturing market. To provide a better understanding of the automotive parts remanufacturing market, the report also includes the analysis of global drivers, restraints and trends, which are influencing the current market scenario and will define the future status of the global automotive parts remanufacturing market over the forecast period.
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This Automotive Parts Remanufacturing market study includes various viewpoints of the global market, including value chain analysis, market dynamics, macro-economic factors, competition analysis, pricing analysis, segmental and regional growth comparison, Automotive Parts Remanufacturing industry growth analysis and segment-level projections in an inclusive representation. According to PMR’s research, the global Automotive Parts Remanufacturing market is anticipated to register a value CAGR of 6.9% during the forecast period. Growing manufacturing industry and increasing production activities are the two prime factors expected to drive the global Automotive Parts Remanufacturing market during the forecast period.

PMR’s report on the Automotive Parts Remanufacturing market analyses the market at regional and global levels through market segmentation on the basis of key parameters, i.e. components, vehicle type and region/country. Market consolidation is one of the key trends observed during the Automotive Parts Remanufacturing study. Importantly, Automotive Parts Remanufacturing happens primarily through authorized dealers or component assemblers in the global market.

This Automotive Parts Remanufacturing market report has been designed to enable the readers to obtain detailed knowledge about the global automotive parts remanufacturing market. It starts with a market introduction, which is followed by definitions and taxonomy, market viewpoint, market dynamics and market analysis by key segments, regional analysis and competition landscape. Individual sections covered in the report include qualitative as well as quantitative assessment based on several facts and historical as well as ongoing trends gaining momentum in the global Automotive Parts Remanufacturing market. We have conducted in-depth primary surveys in the regional as well as country level markets. The surveys focused on getting qualitative as well as cross-sectional information pertaining to the Automotive Parts Remanufacturing market
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The global Automotive Parts Remanufacturing market report starts with an overview of the market, which provides a summarized view of the report and also provides market definitions and taxonomy. In the subsequent section, the report defines the market viewpoint, which includes macroeconomic factors, forecast factors, value chain and various other qualitative data regarding the market. The section that follows discusses market dynamics, such as drivers, trends, restraints and opportunities, impacting the global Automotive Parts Remanufacturing market.

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