Automotive Parts Remanufacturing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global Automotive Parts Remanufacturing Market, providing an in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges. This detailed report sheds light on the market structure and growth potential over the forecast period.

Key Insights:

Automotive Parts Remanufacturing Market Size (2024E): USD 66.8 Bn
Projected Market Value (2031F): USD 131.1 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 7.8%

Automotive Parts Remanufacturing Market - Report Scope:

The Automotive Parts Remanufacturing Market involves the refurbishing and rebuilding of used automotive parts to restore them to a like-new condition. These parts are used in various automotive systems, including engines, transmissions, electrical systems, and brakes. The market is driven by increasing demand for cost-effective, sustainable alternatives to new parts, stringent regulations regarding waste management, and rising awareness about the environmental benefits of remanufactured parts.

Market Growth Drivers:

Several key factors are driving the growth of the global Automotive Parts Remanufacturing Market. Growing consumer awareness regarding the environmental benefits of remanufactured parts, such as reduced carbon footprint and resource conservation, is fueling demand. Additionally, remanufacturing offers cost savings for consumers, which is increasing adoption among vehicle owners. Regulatory frameworks promoting circular economy initiatives and the sustainability goals of automotive manufacturers are further supporting market growth. Technological advancements in remanufacturing processes, including automation and precision engineering, are also contributing to market expansion.

Market Restraints:

Despite its growth potential, the Automotive Parts Remanufacturing Market faces several challenges. One of the major restraints is the variability in the quality of core parts, which can affect the final remanufactured product's performance. Additionally, a lack of consumer awareness and trust in remanufactured parts in certain regions can impede market growth. The initial investment in remanufacturing facilities and equipment can also be a significant barrier for new entrants. Lastly, competition from low-cost aftermarket parts may limit market penetration in price-sensitive regions.

Market Opportunities:

The Automotive Parts Remanufacturing Market presents substantial growth opportunities, particularly with the increasing focus on sustainability and the circular economy. Expansion into emerging markets, where cost-conscious consumers are more likely to adopt remanufactured parts, offers significant growth potential. Additionally, the integration of advanced technologies, such as AI and robotics, into the remanufacturing process can enhance efficiency and product quality, driving further adoption. Collaborations between OEMs and remanufacturers can also open new avenues for innovation and market expansion.

Key Questions Answered in the Report:

What are the primary factors driving the global Automotive Parts Remanufacturing Market?
Which automotive segments and regions are witnessing the highest adoption of remanufactured parts?
How are advancements in remanufacturing technologies impacting the competitive landscape?
Who are the leading players in the Automotive Parts Remanufacturing Market, and what strategies are they implementing to maintain their market positions?
What are the emerging trends and future prospects in the global Automotive Parts Remanufacturing Market?

Competitive Intelligence and Business Strategy:

Leading players in the Automotive Parts Remanufacturing Market, including companies like ZF Friedrichshafen AG, BorgWarner Inc., Valeo SA, Caterpillar Inc., and Robert Bosch GmbH, are focusing on innovation, research and development, and strategic partnerships to strengthen their market positions. These companies are investing in advanced remanufacturing technologies, enhancing product quality, and expanding their product portfolios. Collaborations with OEMs and investment in sustainable practices are crucial for market penetration and sustained growth. Compliance with industry regulations and adaptation to evolving consumer demands help these companies maintain a competitive edge and achieve long-term success in the Automotive Parts Remanufacturing Market.

Key Companies Profiled:

ZF Friedrichshafen AG
Robert Bosch GmbH
Valeo SA
Caterpillar Inc.
AB Volvo
Carwood Group
Meritor, Inc.,
Budweg Caliper A/S
Monark Automotive GmbH
LuK Unna GmbH & Co. KG,
BBB Industries
CARDONE Industries
Andre Niermann - automotive electrical products GmbH & Co.KG
ATC Drivetrain LLC
DAH KEE Co., Ltd.
IM Group
E&E TURBO

Global Automotive Parts Remanufacturing Market, by Components

Components

Engine & Related Parts
Transmission & Others
Electrical & Electronics
Wheels & Brakes
A/C Compressors
Steering
Fuel systems

vehicle type

Passenger Cars
LCVs
HCVs
Off Road Vehicles
All-Terrain Vehicle

region/country

North America
Latin America
Europe
SEA & Pacific
China
MEA

Product Code: PMRREP10810

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 2019-2023 and Forecast 2024-2031

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

5. Global Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2031, By Component

5.1. Introduction / Key Findings
5.2. Historical Market Size (US$ Bn) and Volume Analysis By Component, 2019-2023
5.3. Current Market Size (US$ Bn) and Volume Forecast By Component, 2024-2031
- 5.3.1. Engine & Related Parts
  - 5.3.1.1. Turbocharger
  - 5.3.1.2. Engine
  - 5.3.1.3. Carburetors & Others
- 5.3.2. Transmission & Others
  - 5.3.2.1. Gearbox
  - 5.3.2.2. Clutches
  - 5.3.2.3. Other transmission components
- 5.3.3. Electrical & Electronics
  - 5.3.3.1. Starters
  - 5.3.3.2. Alternators
  - 5.3.3.3. Others
- 5.3.4. Wheels & Brakes
  - 5.3.4.1. Hub Assemblies
  - 5.3.4.2. Master Cylinders
  - 5.3.4.3. Brake Calipers
  - 5.3.4.4. Bearings
- 5.3.5. A/C Compressors
- 5.3.6. Steerings
- 5.3.7. Fuel systems
- 5.3.8. Others
5.4. Market Attractiveness Analysis By Component

6. Global Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2031 By Vehicle Type

6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Bn) and Volume Analysis By Vehicle Type, 2019-2023
6.3. Current Market Size (US$ Bn) and Volume Forecast By Vehicle Type, 2024-2031
- 6.3.1. Passenger Vehicles
- 6.3.2. Light Commercial Vehicles
- 6.3.3. Heavy Commercial Vehicles
- 6.3.4. All-Terrain Vehicles
- 6.3.5. Off-Highway Vehicles
6.4. Market Attractiveness Analysis By Vehicle Type

7. Global Market Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2031 By Region

7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019-2023
7.3. Current Market Size (US$ Bn) and Volume Forecast By Region, 2024-2031
- 7.3.1. North America
- 7.3.2. Latin America
- 7.3.3. Europe
- 7.3.4. Asia Pacific (APAC)
- 7.3.5. Middle East & Africa (MEA)
7.4. Market Attractiveness Analysis By Region

8. North America Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2031

8.1. Introduction
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume Analysis By Market Taxonomy, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Component
- 8.3.3. By Vehicle Type
8.4. Current Market Size (US$ Bn) and Volume Forecast By Country 2024-2031
- 8.4.1. U.S.
- 8.4.2. Canada
8.5. Current Market Size (US$ Bn) and Volume Forecast By Component 2024-2031
- 8.5.1. Engine & Related Parts
  - 8.5.1.1. Turbochargers
  - 8.5.1.2. EGR Valves
  - 8.5.1.3. Carburetors
- 8.5.2. Transmission and Related Parts
  - 8.5.2.1. Clutches
  - 8.5.2.2. Bearings
- 8.5.3. Electrical & Electronic Components
  - 8.5.3.1. Starters
  - 8.5.3.2. Alternators
  - 8.5.3.3. Others
- 8.5.4. Wheels & Brakes Related Components
  - 8.5.4.1. Hub Assemblies
  - 8.5.4.2. Master Cylinders
  - 8.5.4.3. Brake Calipers
  - 8.5.4.4. Bearings
- 8.5.5. AC Compressors
- 8.5.6. Steerings
- 8.5.7. Fuel Systems
- 8.5.8. Others
8.6. Current Market Size (US$ Bn) and Volume Forecast By Vehicle Type 2024-2031
- 8.6.1. Passenger Vehicles
- 8.6.2. Light Commercial Vehicles
- 8.6.3. Heavy Commercial Vehicles
- 8.6.4. All-Terrain Vehicles
- 8.6.5. Off-Highway Vehicles
8.7. Drivers and Restraints: Impact Analysis
8.8. Market Attractiveness Analysis
- 8.8.1. By Country
- 8.8.2. By Component
- 8.8.3. By Vehicle Type

9. Latin America Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2031

9.1. Introduction
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume Analysis By Market Taxonomy, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Component
- 9.3.3. By Vehicle Type
9.4. Current Market Size (US$ Bn) and Volume Forecast By Country 2024-2031
- 9.4.1. Mexico
- 9.4.2. Brazil
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Bn) and Volume Forecast By Component 2024-2031
- 9.5.1. Engine & Related Parts
  - 9.5.1.1. Turbochargers
  - 9.5.1.2. EGR Valves
  - 9.5.1.3. Carburetors
- 9.5.2. Transmission and Related Parts
  - 9.5.2.1. Clutches
  - 9.5.2.2. Bearings
- 9.5.3. Electrical & Electronic Components
  - 9.5.3.1. Starters
  - 9.5.3.2. Alternators
  - 9.5.3.3. Others
- 9.5.4. Wheels & Brakes Related Components
  - 9.5.4.1. Hub Assemblies
  - 9.5.4.2. Master Cylinders
  - 9.5.4.3. Brake Calipers
  - 9.5.4.4. Bearings
- 9.5.5. AC Compressors
- 9.5.6. Steerings
- 9.5.7. Fuel Systems
- 9.5.8. Others
9.6. Current Market Size (US$ Bn) and Volume Forecast By Vehicle Type 2024-2031
- 9.6.1. Passenger Vehicles
- 9.6.2. Light Commercial Vehicles
- 9.6.3. Heavy Commercial Vehicles
- 9.6.4. All-Terrain Vehicles
- 9.6.5. Off-Highway Vehicles
9.7. Drivers and Restraints: Impact Analysis
9.8. Market Attractiveness Analysis
- 9.8.1. By Country
- 9.8.2. By Component
- 9.8.3. By Vehicle Type

10. Europe Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2031

10.1. Introduction
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume Analysis By Market Taxonomy, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Component
- 10.3.3. By Vehicle Type
10.4. Current Market Size (US$ Bn) and Volume Forecast By Country 2024-2031
- 10.4.1. Germany
- 10.4.2. U.K.
- 10.4.3. France
- 10.4.4. Italy
- 10.4.5. Russia
- 10.4.6. Poland
- 10.4.7. Rest of Europe
10.5. Current Market Size (US$ Bn) and Volume Forecast By Component 2024-2031
- 10.5.1. Engine & Related Parts
  - 10.5.1.1. Turbochargers
  - 10.5.1.2. EGR Valves
  - 10.5.1.3. Carburetors
- 10.5.2. Transmission and Related Parts
  - 10.5.2.1. Clutches
  - 10.5.2.2. Bearings
- 10.5.3. Electrical & Electronic Components
  - 10.5.3.1. Starters
  - 10.5.3.2. Alternators
  - 10.5.3.3. Others
- 10.5.4. Wheels & Brakes Related Components
  - 10.5.4.1. Hub Assemblies
  - 10.5.4.2. Master Cylinders
  - 10.5.4.3. Brake Calipers
  - 10.5.4.4. Bearings
- 10.5.5. AC Compressors
- 10.5.6. Steerings
- 10.5.7. Fuel Systems
- 10.5.8. Others
10.6. Current Market Size (US$ Bn) and Volume Forecast By Vehicle Type 2024-2031
- 10.6.1. Passenger Vehicles
- 10.6.2. Light Commercial Vehicles
- 10.6.3. Heavy Commercial Vehicles
- 10.6.4. All-Terrain Vehicles
- 10.6.5. Off-Highway Vehicles
10.7. Drivers and Restraints: Impact Analysis
10.8. Market Attractiveness Analysis
- 10.8.1. By Country
- 10.8.2. By Component
- 10.8.3. By Vehicle Type

11. SEA & Pacific Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2031

11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume Analysis By Market Taxonomy, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Component
- 11.3.3. By Vehicle Type
11.4. Current Market Size (US$ Bn) and Volume Forecast By Country 2024-2031
- 11.4.1. Indian
- 11.4.2. ASEAN
- 11.4.3. ANZ
- 11.4.4. Korea
- 11.4.5. Rest of SEA & Pacific
11.5. Current Market Size (US$ Bn) and Volume Forecast By Component 2024-2031
- 11.5.1. Engine & Related Parts
  - 11.5.1.1. Turbochargers
  - 11.5.1.2. EGR Valves
  - 11.5.1.3. Carburetors
- 11.5.2. Transmission and Related Parts
  - 11.5.2.1. Clutches
  - 11.5.2.2. Bearings
- 11.5.3. Electrical & Electronic Components
  - 11.5.3.1. Starters
  - 11.5.3.2. Alternators
  - 11.5.3.3. Others
- 11.5.4. Wheels & Brakes Related Components
  - 11.5.4.1. Hub Assemblies
  - 11.5.4.2. Master Cylinders
  - 11.5.4.3. Brake Calipers
  - 11.5.4.4. Bearings
- 11.5.5. AC Compressors
- 11.5.6. Steerings
- 11.5.7. Fuel Systems
- 11.5.8. Others
11.6. Current Market Size (US$ Bn) and Volume Forecast By Vehicle Type 2024-2031
- 11.6.1. Passenger Vehicles
- 11.6.2. Light Commercial Vehicles
- 11.6.3. Heavy Commercial Vehicles
- 11.6.4. All-Terrain Vehicles
- 11.6.5. Off-Highway Vehicles
11.7. Drivers and Restraints: Impact Analysis
11.8. Market Attractiveness Analysis
- 11.8.1. By Country
- 11.8.2. By Component
- 11.8.3. By Vehicle Type

12. China Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2031

12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) and Volume Analysis By Market Taxonomy, 2019-2023
- 12.3.1. By Component
- 12.3.2. By Vehicle Type
12.4. Current Market Size (US$ Bn) and Volume Forecast By Component 2024-2031
- 12.4.1. Engine & Related Parts
  - 12.4.1.1. Turbochargers
  - 12.4.1.2. EGR Valves
  - 12.4.1.3. Carburetors
- 12.4.2. Transmission and Related Parts
  - 12.4.2.1. Clutches
  - 12.4.2.2. Bearings
- 12.4.3. Electrical & Electronic Components
  - 12.4.3.1. Starters
  - 12.4.3.2. Alternators
  - 12.4.3.3. Others
- 12.4.4. Wheels & Brakes Related Components
  - 12.4.4.1. Hub Assemblies
  - 12.4.4.2. Master Cylinders
  - 12.4.4.3. Brake Calipers
  - 12.4.4.4. Bearings
- 12.4.5. AC Compressors
- 12.4.6. Steerings
- 12.4.7. Fuel Systems
- 12.4.8. Others
12.5. Current Market Size (US$ Bn) and Volume Forecast By Vehicle Type 2024-2031
- 12.5.1. Passenger Vehicles
- 12.5.2. Light Commercial Vehicles
- 12.5.3. Heavy Commercial Vehicles
- 12.5.4. All-Terrain Vehicles
- 12.5.5. Off-Highway Vehicles
12.6. Drivers and Restraints: Impact Analysis
12.7. Market Attractiveness Analysis
- 12.7.1. By Component
- 12.7.2. By Vehicle Type

13. MEA Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2031

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Bn) and Volume Analysis By Market Taxonomy, 2019-2023
- 13.3.1. By Country
- 13.3.2. By Component
- 13.3.3. By Vehicle Type
13.4. Current Market Size (US$ Bn) and Volume Forecast By Country 2024-2031
- 13.4.1. Turkey
- 13.4.2. South Africa
- 13.4.3. Rest of MEA
13.5. Current Market Size (US$ Bn) and Volume Forecast By Component 2024-2031
- 13.5.1. Engine & Related Parts
  - 13.5.1.1. Turbochargers
  - 13.5.1.2. EGR Valves
  - 13.5.1.3. Carburetors
- 13.5.2. Transmission and Related Parts
  - 13.5.2.1. Clutches
  - 13.5.2.2. Bearings
- 13.5.3. Electrical & Electronic Components
  - 13.5.3.1. Starters
  - 13.5.3.2. Alternators
  - 13.5.3.3. Others
- 13.5.4. Wheels & Brakes Related Components
  - 13.5.4.1. Hub Assemblies
  - 13.5.4.2. Master Cylinders
  - 13.5.4.3. Brake Calipers
  - 13.5.4.4. Bearings
- 13.5.5. AC Compressors
- 13.5.6. Steerings
- 13.5.7. Fuel Systems
- 13.5.8. Others
13.6. Current Market Size (US$ Bn) and Volume Forecast By Vehicle Type 2024-2031
- 13.6.1. Passenger Vehicles
- 13.6.2. Light Commercial Vehicles
- 13.6.3. Heavy Commercial Vehicles
- 13.6.4. All-Terrain Vehicles
- 13.6.5. Off-Highway Vehicles
13.7. Drivers and Restraints: Impact Analysis
13.8. Market Attractiveness Analysis
- 13.8.1. By Country
- 13.8.2. By Component
- 13.8.3. By Vehicle Type

14. Competition Landscape

14.1. Market Structure Analysis
14.2. Market Tier Analysis
14.3. Competition Dashboard
14.4. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 14.4.1. ZF Friedrichshafen AG
- 14.4.2. Robert Bosch GmbH
- 14.4.3. Valeo SA
- 14.4.4. Caterpillar Inc.
- 14.4.5. AB Volvo
- 14.4.6. Carwood Group
- 14.4.7. Meritor, Inc.,
- 14.4.8. Budweg Caliper A/S
- 14.4.9. Monark Automotive GmbH
- 14.4.10. LuK Unna GmbH & Co. KG,
- 14.4.11. BBB Industries
- 14.4.12. CARDONE Industries
- 14.4.13. Andre Niermann - automotive electrical products GmbH & Co.KG
- 14.4.14. ATC Drivetrain LLC
- 14.4.15. DAH KEE Co., Ltd.
- 14.4.16. IM Group
- 14.4.17. E&E TURBO