openPR Logo
Press release

Automotive Parts Remanufacturing Market Headed for Growth and Global Expansion by 2025

Automotive Parts Remanufacturing Market Headed for Growth

Automotive parts remanufacturing represents one of those few markets which expand in an inverse proportion with the economy. Providing a cheaper alternative to purchasing brand new automotive parts, remanufacturing generally gains a boost when consumer spending drops down. However, in a rapidly growing economy on the other hand, consumers tend to choose new products over remanufactured ones and as a result, the market for remanufactured automotive parts experiences a plunge.

Persistence Market Research, in its recently published outlook, examines the global automotive parts remanufacturing market considering it historic and current scenario, delivering key insights into its growth prospects over the next few years. The forecast period considered is 2016-2024 and the report offers detailed insights into the market over the entire assessment period.

To view complete report @ http://www.persistencemarketresearch.com/market-research/automotive-parts-remanufacturing-market.asp

Global Automotive Parts Remanufacturing Market: Drivers and Restraints

Economic benefits will remain the primary factor driving the market for remanufactured automotive parts. Consistently robust demand for remanufactured starters and alternators will also continue to propel the sales in near future. Soaring demand for remanufactured diesel engines will play a key role in boosting the market in near future. Emergence of electric and hybrid vehicles will be a strong driver to remanufactured transmission systems.

The average age of the existing vehicles fleet is increasing, indicating a strong impetus to the demand for remanufactured automotive parts in near future. Since the recent past, the durability and quality of products are consistently improving, eventually making remanufactured automotive parts equally competitive as a substitute to brand new parts on the market. This is identified to propel the sales over the next few years.

A sample of this report is available upon request @ www.persistencemarketresearch.com/samples/10810

Growing concerns regarding carbon footprint and overall environmental impact of newly manufactured automobiles and increased use of remanufactured transmission in advanced technology electric and hybrid vehicles will collectively fuel the demand for remanufactured auto parts. Dumping of worn out mainstream automobile parts has become less a commonplace today, owing to several environmental issues associated with dumping. This will also push the market for remanufactured auto parts further.

Today’s auto mechanics are flexible enough to add or remove any remanufactured auto part, compatible with existing vehicle parts. This can pose a major challenge to new sales of remanufactured parts in near future. Competition from repaired automotive parts is another factor expected to restrain the market growth in near future. Narrowed price gap between mainstream and remanufactured parts is expected to be an important factor challenging market growth. Moreover, extended warranties of original vehicle components will also hamper the market.

Global Automotive Parts Remanufacturing Market: Regional AnalysisPersistence Market Research’s report on the global automotive parts remanufacturing market analyzes four key geographies in detail and provides key insights into each regional market’s performance, assessed for the aforementioned forecast period.

North America (the U.S., Canada)
Europe (France, Germany, Italy, Spain, the U.K., Eastern Europe, and CIS)
Asia Pacific (China, India, Japan, Australia, and others)
Rest of the World
North America, especially the U.S., currently holds a dominant share in the global market. Developing markets in emerging Asian economies are projected to witness significant growth during the assessment period. Report indicates that APAC will possibly be the fastest growing region for automotive parts remanufacturing market.

To view TOC of this report is available upon request @ www.persistencemarketresearch.com/toc/10810

Global Automotive Parts Remanufacturing Market: Key Players

BORG Automotive A/S, Detroit Diesel Corporation, Caterpillar Inc., Jasper Engines and Transmissions, Motorcar Parts of America, Inc., Marshall Engines, Robert Bosch GmbH, Standard Motor Products Inc., ZF Friedrichshafen AG, Ander Niermann, Cardone Industries Inc., Genuine Parts Company, Maval Manufacturing Inc., ATC Drivetrain Inc., Teamec BVBA

About Us

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.

Contact Us

Persistence Market Research

305 Broadway

7th Floor, New York City,

NY 10007, United States,

USA - Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com

Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Parts Remanufacturing Market Headed for Growth and Global Expansion by 2025 here

News-ID: 639926 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Automotive

Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030. Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident. In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business. Get Sample Copy of this Report for more Information
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of