Press release
Global Automotive Parts Remanufacturing Market Deemed to Attain USD 190 Billion in Revenue By 2030 | Infinium Global Research
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Remanufacturing: A Green Legacy
With a history spanning over 70 years, the remanufacturing industry has transformed the automotive landscape. In an era when defective units were once relegated to heaps, remanufacturing emerged as a solution that not only salvaged valuable components but also contributed to a cleaner environment. Remanufactured automotive parts, the hallmark of this industry, undergo rigorous renovation through standardized industrial processes aligned with specific technical specifications. Crucially, these remanufactured parts come with warranties equivalent to their new counterparts and are clearly labeled as remanufactured, alongside the name of the remanufacturer. This extensive process yields numerous advantages, both for original equipment manufacturers (OEMs) and the environment.
Sustainability Takes the Driver's Seat
The automotive parts remanufacturing market is on an upswing, propelled by the shortage of raw materials and the subsequent price volatility. Remanufactured automotive parts are sourced from older vehicles and then meticulously revitalized, negating the need for mining or ore extraction. This shift aligns with the automotive industry's growing emphasis on environmentally friendly products and manufacturing. Automotive parts remanufacturing promotes recycling and curtails unsustainable practices, including mining. Nonetheless, a lack of consumer recognition, coupled with unfavorable regulatory policies, may temper market growth. On the flip side, the rapid integration of advanced technology into vehicles, including hybrid and electric models, is poised to invigorate the automotive parts remanufacturing market in the foreseeable future.
Regional Dynamics: North America Leads, Asia Pacific Grows Swiftly
Geographically, North America takes the lead in generating the highest revenue in the global automotive parts remanufacturing market. This supremacy is underpinned by several factors, including a burgeoning number of automotive manufacturers, increasing support for remanufactured parts from OEMs and legislative authorities, and rapid technological advancements. On the other hand, the Asia Pacific automotive parts remanufacturing market is poised for the fastest compound annual growth rate (CAGR) during the forecast period. The region's growth is attributed to robust vehicle sales and surging demand for cost-efficient automotive parts.
Segmentation Overview:
The comprehensive report on the global automotive parts remanufacturing market delves into various segments, including:
Part: Sub-markets encompass engine parts, transmission & others, wheels & brakes related, electrical & electronics, body and chassis, steering, A/C compressors, fuel systems, and others.
Vehicle Type: Sub-markets encompass passenger vehicles and commercial vehicles.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Automotive Parts Remanufacturing Market Highlights
2.2. Automotive Parts Remanufacturing Market Projection
2.3. Automotive Parts Remanufacturing Market Regional Highlights
Chapter 3. Global Automotive Parts Remanufacturing Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Part
3.4.2. IGR-Growth Matrix Analysis by Vehicle Type
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Automotive Parts Remanufacturing Market
Chapter 4. Automotive Parts Remanufacturing Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Automotive Parts Remanufacturing Market
5.2. Companies Profiles
5.2.1. Valeo
5.2.2. Budweg Caliper A/S
5.2.3. Carwood Group
5.2.4. MAVALgear
5.2.5. Meritor, Inc.
5.2.6. ATC Drivetrain
5.2.7. Jasper Engines & Transmissions
5.2.8. Robert Bosch GmbH
5.2.9. ZF Friedrichshafen AG
5.2.10. Genuine Parts Company
Chapter 6. Global Automotive Parts Remanufacturing Market by Part
6.1. Engine Parts
6.2. Transmission & Others
6.3. Wheels & Brakes Related
6.4. Electrical & Electronics
6.5. Body and Chassis
6.6. Steering
6.7. A/C Compressors
6.8. Fuel Systems
6.9. Others
Chapter 7. Global Automotive Parts Remanufacturing Market by Vehicle Type
7.1. Passenger Vehicle
7.2. Commercial Vehicle
Chapter 8. Global Automotive Parts Remanufacturing Market by Region 2023-2030
8.1. North America
8.1.1. North America Automotive Parts Remanufacturing Market by Part
8.1.2. North America Automotive Parts Remanufacturing Market by Vehicle Type
8.1.3. North America Automotive Parts Remanufacturing Market by Country
8.1.3.1. The U.S. Automotive Parts Remanufacturing Market
8.1.3.1.1. The U.S. Automotive Parts Remanufacturing Market by Part
8.1.3.1.2. The U.S. Automotive Parts Remanufacturing Market by Vehicle Type
8.1.3.2. Canada Automotive Parts Remanufacturing Market
8.1.3.2.1. Canada Automotive Parts Remanufacturing Market by Part
8.1.3.2.2. Canada Automotive Parts Remanufacturing Market by Vehicle Type
8.1.3.3. Mexico Automotive Parts Remanufacturing Market
8.1.3.3.1. Mexico Automotive Parts Remanufacturing Market by Part
8.1.3.3.2. Mexico Automotive Parts Remanufacturing Market by Vehicle Type
8.2. Europe
8.2.1. Europe Automotive Parts Remanufacturing Market by Part
8.2.2. Europe Automotive Parts Remanufacturing Market by Vehicle Type
8.2.3. Europe Automotive Parts Remanufacturing Market by Country
8.2.3.1. Germany Automotive Parts Remanufacturing Market
8.2.3.1.1. Germany Automotive Parts Remanufacturing Market by Part
8.2.3.1.2. Germany Automotive Parts Remanufacturing Market by Vehicle Type
8.2.3.2. United Kingdom Automotive Parts Remanufacturing Market
8.2.3.2.1. United Kingdom Automotive Parts Remanufacturing Market by Part
8.2.3.2.2. United Kingdom Automotive Parts Remanufacturing Market by Vehicle Type
8.2.3.3. France Automotive Parts Remanufacturing Market
8.2.3.3.1. France Automotive Parts Remanufacturing Market by Part
8.2.3.3.2. France Automotive Parts Remanufacturing Market by Vehicle Type
8.2.3.4. Italy Automotive Parts Remanufacturing Market
8.2.3.4.1. Italy Automotive Parts Remanufacturing Market by Part
8.2.3.4.2. Italy Automotive Parts Remanufacturing Market by Vehicle Type
8.2.3.5. Rest of Europe Automotive Parts Remanufacturing Market
8.2.3.5.1. Rest of Europe Automotive Parts Remanufacturing Market by Part
8.2.3.5.2. Rest of Europe Automotive Parts Remanufacturing Market by Vehicle Type
8.3. Asia Pacific
8.3.1. Asia Pacific Automotive Parts Remanufacturing Market by Part
8.3.2. Asia Pacific Automotive Parts Remanufacturing Market by Vehicle Type
8.3.3. Asia Pacific Automotive Parts Remanufacturing Market by Country
8.3.3.1. China Automotive Parts Remanufacturing Market
8.3.3.1.1. China Automotive Parts Remanufacturing Market by Part
8.3.3.1.2. China Automotive Parts Remanufacturing Market by Vehicle Type
8.3.3.2. Japan Automotive Parts Remanufacturing Market
8.3.3.2.1. Japan Automotive Parts Remanufacturing Market by Part
8.3.3.2.2. Japan Automotive Parts Remanufacturing Market by Vehicle Type
8.3.3.3. India Automotive Parts Remanufacturing Market
8.3.3.3.1. India Automotive Parts Remanufacturing Market by Part
8.3.3.3.2. India Automotive Parts Remanufacturing Market by Vehicle Type
8.3.3.4. South Korea Automotive Parts Remanufacturing Market
8.3.3.4.1. South Korea Automotive Parts Remanufacturing Market by Part
8.3.3.4.2. South Korea Automotive Parts Remanufacturing Market by Vehicle Type
8.3.3.5. Australia Automotive Parts Remanufacturing Market
8.3.3.5.1. Australia Automotive Parts Remanufacturing Market by Part
8.3.3.5.2. Australia Automotive Parts Remanufacturing Market by Vehicle Type
8.3.3.6. Rest of Asia-Pacific Automotive Parts Remanufacturing Market
8.3.3.6.1. Rest of Asia-Pacific Automotive Parts Remanufacturing Market by Part
8.3.3.6.2. Rest of Asia-Pacific Automotive Parts Remanufacturing Market by Vehicle Type
8.4. RoW
8.4.1. RoW Automotive Parts Remanufacturing Market by Part
8.4.2. RoW Automotive Parts Remanufacturing Market by Vehicle Type
8.4.3. RoW Automotive Parts Remanufacturing Market by Sub-region
8.4.3.1. Latin America Automotive Parts Remanufacturing Market
8.4.3.1.1. Latin America Automotive Parts Remanufacturing Market by Part
8.4.3.1.2. Latin America Automotive Parts Remanufacturing Market by Vehicle Type
8.4.3.2. Middle East Automotive Parts Remanufacturing Market
8.4.3.2.1. Middle East Automotive Parts Remanufacturing Market by Part
8.4.3.2.2. Middle East Automotive Parts Remanufacturing Market by Vehicle Type
8.4.3.3. Africa Automotive Parts Remanufacturing Market
8.4.3.3.1. Africa Automotive Parts Remanufacturing Market by Part
8.4.3.3.2. Africa Automotive Parts Remanufacturing Market by Vehicle Type
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of Automotive Parts Remanufacturing.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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