Press release
Automotive Parts Remanufacturing Market Overview, Drivers & Challenges Analysis with Major Key Players such as BBB Industries, LLC, Cardone Industries, Valeo
Persistence Market Research (PMR) provides critical inputs and analysis on the Global Automotive Parts Remanufacturing market in its new study, 'Automotive Parts Remanufacturing Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026'. 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 Remanufacturing Market Analysis by Component
By component, electrical & electronics parts are projected to lead the automotive parts remanufacturing market in terms of value. The growth of this segment can be primarily attributed to increasing rate of replacement of alternators and starters. Engine and related parts also hold a significant value share in the automotive parts remanufacturing market, i.e. over 30%.
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Automotive Parts Remanufacturing Market Analysis by Application
On the basis of application, the passenger cars segment is projected to register the highest CAGR growth and account for 37.1% of the total market share in the automotive parts remanufacturing market. Growing individual buying power and growing need for personal commute are some of the factors responsible for the growth of the segment in the global automotive parts remanufacturing market.
Automotive Parts Remanufacturing Market Analysis by Region
On a regional level, North America is projected to retain the lead in global automotive parts remanufacturing market, in terms of revenue share. Europe is estimated to follow North America and will reportedly generate significant demand for remanufactured automotive parts in the coming years. In terms of growth rate, China is estimated to lead the automotive parts remanufacturing market, followed by Latin America and South East Asia Pacific, as these regions are witnessing high volume automotive sales, subsequently followed by notable demand for automotive parts.
Automotive Parts Remanufacturing Market Structure Analysis
The global automotive parts remanufacturing market is fairly fragmented, owing to the presence of a number of large multi-national corporations, followed by a fair share of domestic players spread across various regions.
The tier-I players are estimated to occupy approximately 25% - 30% of the automotive parts remanufacturing market, while the tier-II players are estimated to account for approximately 35%-45% of the market share. Tier-III players are estimated to account for approximately 25-35% of the market share in the automotive parts remanufacturing market.
Some of the key global market leaders in the automotive parts remanufacturing market are Volvo AB, Robert Bosch, BBB Industries, Cardone Industries, Valeo SA, Meritor Inc., ATC Drivetrain LLC, and Motor Parts of America, among others.
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Major Points covered in TOC:
1. Executive Summary
1.1. Market Outlook
1.2. Demand Trends
1.3. Supply Side Trends
1.4. PMR Analysis and Recommendations
1.5. Regional Comparison on the Basic of Key Factors
1.6. Global Legislative Landscape and Ease of Remanufacturing
1.7. Key Takeaways & Forecast Outlook
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Viewpoint
3.1. Macro-Economic Factors
3.1.1. Global GDP Per Capita
3.1.2. Global Automotive Sector Outlook
3.1.3. Global Automotive Fleet On Road Outlook By Region
3.1.4. Global Passenger Car & Automotive Parts Remanufacturing Y-O-Y (%) Growth Projection Analysis
3.1.5. Global LCV & Automotive Parts Remanufacturing Y-O-Y (%) Growth Projection Analysis
3.1.6. Global HCV & Automotive Parts Remanufacturing Y-O-Y (%) Growth Projection Analysis
3.1.7. Regional Economic Growth
3.1.8. Global Population Outlook
3.1.9. Global Automotive Parts Remanufacturing Market: Supply Chain
3.2. Market Dynamics
3.2.1. Driver
3.2.2. Restraint
3.2.3. Opportunity
3.2.4. Trend
3.3. Forecast Factors: Relevance and Impact
4. Global Automotive Parts Remanufacturing Market Analysis 2013–2017 and Forecast 2018–2026
4.1. Introduction
4.1.1. Market Volume Projections
4.1.2. Market Size and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Automotive Parts Remanufacturing Market Value Chain Analysis
4.3. Global Automotive Parts Remanufacturing Pricing Analysis
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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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