Automotive Parts Remanufacturing Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031
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 driv... もっと見る
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SummaryPersistence 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, Robert Bosch GmbH, Valeo SA, Caterpillar Inc., and AB Volvo, 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 Vehicles Region/Country: • North America • Latin America • Europe • SEA & Pacific • China • MEA Table of Contents1. Executive Summary1.1. 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 15. Assumption & Acronyms 16. Research Methodology
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