Automotive Parts remanufacturing Market (By Type: Remanufacturing With Identity Loss, Remanufacturing Without Identity Loss and Remanufacturing by Recoating Worn Parts; By Component: Mechanical, Electrical and Others) – Growth, Future Prospects, and Competitive Landscape, 2017-2025, automotive parts remanufacturing market was valued at US$ 33.16 Bn in 2016 and is estimated to grow at a CAGR of 6.6% from 2017 to 2025.
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Remanufacturing of automotive components is a form of the recovery process to remanufacture a machine part or component that would match the customer’s expectation as a replacement. Automotive parts remanufacturing offers a variety of benefits to the modern day automobile industry. Economic benefits for both remanufacturing companies as well as the customers are considered as the biggest driver for the overall automotive parts remanufacturing market.
Automotive parts remanufacturing market is a well-established market with a number of local as well as international players characterizing the market. Business expansion by expanding the sales and distribution network in new and emerging markets in the Asia Pacific and Latin America regions has been one of the prime strategy adopted by the major automotive parts remanufacturing companies. Major players in the market include Caterpillar Inc., Robert Bosch GmbH, ZF Friedrichshafen AG, BORG Automotive A/S, Detroit Diesel Corporation, Motorcar Parts of America, Inc., Marshall Engines, Standard Motor Products Inc., Cardone Industries Inc., Genuine Parts Company, Maval Manufacturing Inc., ATC Drivetrain Inc., Teamec BVBA, Ander Niermann, and Jasper Engines and Transmissions.
• Growing trend of recycling and reusing the parts to prevent unnecessary landfills
• Use of advanced machining processes to attain optimum quality of remanufactured automotive parts so as to be comparable to new parts
• Expansion of sales and distribution network by the remanufacturing companies to capitalize new and emerging markets
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1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
- Executive Summary
2.1. Global Automotive Parts Remanufacturing Market Snapshot
2.2. Global Automotive Parts Remanufacturing Market, By Type
2.3. Global Automotive Parts Remanufacturing Market, By Component
2.4. Global Automotive Parts Remanufacturing Market, By Geography
- Global Automotive Parts Remanufacturing Market Analysis
3.1. Global Automotive Parts Remanufacturing Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
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