Summary
Automobile remanufacturing involves restoring an automobile product to at least its original condition, accompanied by a warranty equal to or better than that of a newly built vehicle. This process contributes to improved raw material circularity, enhanced resource efficiency, and a reduction in environmental impact.
The primary types of automobile remanufacturing include engine, transmission, starter, generator, and others. The engine, in this context, refers to a machine that generates motion using steam or liquid fuel. Different manufacturers are involved in automobile remanufacturing, including original equipment manufacturer (OEM) remanufacturers, independent remanufacturers, and subcontracted remanufacturers. These remanufactured components find applications in various vehicle types, including passenger vehicles and commercial vehicles.
The automobile remanufacturing market research report is one of a series of new reports from The Business Research Company that provides automobile remanufacturing market statistics, including automobile remanufacturing industry global market size, regional shares, competitors with an automobile remanufacturing market share, detailed automobile remanufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the automobile remanufacturing industry. This automobile remanufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automobile remanufacturing market size has grown rapidly in recent years. It will grow from $62.11 billion in 2023 to $68.71 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to increasing environmental concerns, a focus on cost-effectiveness, emphasis on resource conservation, supportive regulatory measures, and the adoption of circular economy principles.
The automobile remanufacturing market size is expected to see strong growth in the next few years. It will grow to $98.88 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to the growth of electric vehicles (EVs), increased vehicle complexity, the transition to autonomous vehicles, a rise in sustainable practices, and legislation promoting the circular economy. Major trends in the forecast period include advancements in remanufacturing technologies, a focus on battery remanufacturing, increased automation in remanufacturing processes, emphasis on modularity and design for remanufacture, and the development of collaborative supply chain models.
The escalating demand for vehicles is anticipated to be a pivotal driver propelling the expansion of the automobile remanufacturing market. Vehicles, essential for land-based transportation of people or goods, are driving the need for automobile remanufacturing, a process focused on rebuilding and revitalizing previously used, sold, or damaged vehicles. This sector encompasses a spectrum of remanufactured components such as transmissions, clutches, steering systems, and axle systems designed for motor vehicles and trucks. For instance, as per data from MarkLines Co., Ltd. in June 2023, the US witnessed a surge in new vehicle sales, reaching 1,374,910 units in May 2023, marking a notable 22.8% increase from the preceding year. Hence, the burgeoning demand for vehicles acts as a significant impetus driving the growth trajectory of the automobile remanufacturing market.
The embrace of circular economy principles is poised to be a pivotal force propelling the growth of the automobile remanufacturing market. The circular economy, promoting sustainability through continuous resource use, recycling, and repurposing, holds significance in driving a more environmentally friendly automotive industry. Practices such as remanufacturing contribute to sustainability, offering cost-effective solutions while addressing environmental concerns and aligning with evolving consumer preferences. For instance, a January 2021 report by the World Economic Forum highlighted the potential impact of implementing circular economy practices within the automotive sector. By 2030, these practices have the potential to reduce carbon emissions by up to 75% and decrease non-circular resource consumption by up to 80% per mile. This underscores the pivotal role of adopting circular economy practices in steering the growth trajectory of the automobile remanufacturing market.
Product innovation stands as a pivotal trend gaining momentum within the automobile remanufacturing market. Leading companies in this sector are actively engaged in pioneering new remanufactured products to fortify their market standing. An illustration of this trend is observed in Blue Streak Electronics' June 2023 launch of remanufactured automotive driveline power inverters. These inverters undergo an extensive remanufacturing process, encompassing rigorous testing, refurbishment, and replacement of critical components, ensuring optimal performance, reliability, and extended lifespan. Functionally converting DC power from the vehicle's battery into AC power for driveline systems while also charging the battery, customers can expect products that match the performance of entirely new power inverters while concurrently reducing waste and carbon footprints.
Prominent companies operating in the automobile remanufacturing sector are prioritizing innovative initiatives, particularly in remanufacturing solutions tailored for electric vehicles, aimed at enhancing sustainability, curbing waste, and prolonging the life cycle of electric vehicle components. These solutions involve refurbishing and reviving components to extend their usability and bolster sustainability within the electric vehicle industry. For instance, in June 2021, ATC Drivetrain, a US-based company specializing in remanufacturing solutions, introduced remanufacturing capabilities for electric vehicle systems. Operating from its facilities in Oklahoma City, OK, for the North American automotive market, and Zhangjiang, China, for the Asian automotive market, ATC Drivetrain's investments enable the refurbishment of batteries and electric drive units for plug-in hybrid and battery-electric vehicles. This strategic move marks the company's advancement in its electrification strategy, leveraging expertise and processes developed at ATC's UK facility.
In February 2023, LKQ Europe GmbH, a Switzerland-based automotive aftermarket component provider, completed the acquisition of Rhenoy Group for an undisclosed amount. This strategic move reinforces LKQ's commitment to delivering cost-effective and sustainable mobility solutions across European markets. As an integral part of its European strategic plan, the company intends to leverage Rhenoy Group's expertise, particularly in remanufacturing capabilities. Rhenoy Group, based in the Netherlands, specializes in the remanufacturing of engines.
Major companies operating in the automobile remanufacturing market report are Toyota Motor Corporation, Robert Bosch GmbH, Caterpillar Inc., Denso Corporation, ZF Friedrichshafen AG, Continental AG, Volvo Car Corporation, Cummins Inc., Valeo SA, Eaton Corporation plc., Tenneco Inc., Schaeffler Group, TRW Automotive Holdings Corp., BorgWarner Inc., LKQ Corporation, Marelli Europe S.p.A, Knorr-Bremse AG, Navistar Inc., GKN Automotive Limited, Garrett Motion Inc., Standard Motor Products Inc., Remy International Inc., BBB Industries, Jasper Engines and Transmissions, Cardone Industries Inc., Detroit Diesel Corporation, BORG Automotive AS, Maval Industries LLC., AMS Automotive LLC., WABCO Holdings Inc.
North America was the largest region in the automobile remanufacturing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the automobile remanufacturing market report during the forecast period. The regions covered in the automobile remanufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automobile remanufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automobile remanufacturing market consists of sales of turbochargers, brake caliper, steering racks, steering pumps, and alternators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
ページTOPに戻る
Table of Contents
1. Executive Summary
2. Automobile Remanufacturing Market Characteristics
3. Automobile Remanufacturing Market Trends And Strategies
4. Automobile Remanufacturing Market - Macro Economic Scenario
4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market
5. Global Automobile Remanufacturing Market Size and Growth
5.1. Global Automobile Remanufacturing Market Drivers and Restraints
5.1.1. Drivers Of The Market
5.1.2. Restraints Of The Market
5.2. Global Automobile Remanufacturing Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Automobile Remanufacturing Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Automobile Remanufacturing Market Segmentation
6.1. Global Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Engine
Transmission
Starter
Generator
Other Types
6.2. Global Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Original Equipment Manufacturer (OEM) Remanufacturers
Independent Remanufacturers
Subcontracted Remanufacturers
6.3. Global Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Passenger Vehicles
Commercial Vehicles
7. Automobile Remanufacturing Market Regional And Country Analysis
7.1. Global Automobile Remanufacturing Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Automobile Remanufacturing Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Automobile Remanufacturing Market
8.1. Asia-Pacific Automobile Remanufacturing Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Automobile Remanufacturing Market
9.1. China Automobile Remanufacturing Market Overview
9.2. China Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Automobile Remanufacturing Market
10.1. India Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Automobile Remanufacturing Market
11.1. Japan Automobile Remanufacturing Market Overview
11.2. Japan Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Automobile Remanufacturing Market
12.1. Australia Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Automobile Remanufacturing Market
13.1. Indonesia Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Automobile Remanufacturing Market
14.1. South Korea Automobile Remanufacturing Market Overview
14.2. South Korea Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Automobile Remanufacturing Market
15.1. Western Europe Automobile Remanufacturing Market Overview
15.2. Western Europe Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Automobile Remanufacturing Market
16.1. UK Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Automobile Remanufacturing Market
17.1. Germany Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Automobile Remanufacturing Market
18.1. France Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Automobile Remanufacturing Market
19.1. Italy Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Automobile Remanufacturing Market
20.1. Spain Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Automobile Remanufacturing Market
21.1. Eastern Europe Automobile Remanufacturing Market Overview
21.2. Eastern Europe Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Automobile Remanufacturing Market
22.1. Russia Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Automobile Remanufacturing Market
23.1. North America Automobile Remanufacturing Market Overview
23.2. North America Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Automobile Remanufacturing Market
24.1. USA Automobile Remanufacturing Market Overview
24.2. USA Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Automobile Remanufacturing Market
25.1. Canada Automobile Remanufacturing Market Overview
25.2. Canada Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Automobile Remanufacturing Market
26.1. South America Automobile Remanufacturing Market Overview
26.2. South America Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Automobile Remanufacturing Market
27.1. Brazil Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Automobile Remanufacturing Market
28.1. Middle East Automobile Remanufacturing Market Overview
28.2. Middle East Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Automobile Remanufacturing Market
29.1. Africa Automobile Remanufacturing Market Overview
29.2. Africa Automobile Remanufacturing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Automobile Remanufacturing Market, Segmentation By Manufacturer, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Automobile Remanufacturing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Automobile Remanufacturing Market Competitive Landscape And Company Profiles
30.1. Automobile Remanufacturing Market Competitive Landscape
30.2. Automobile Remanufacturing Market Company Profiles
30.2.1. Toyota Motor Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Robert Bosch GmbH
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Caterpillar Inc.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Denso Corporation
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. ZF Friedrichshafen AG
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Automobile Remanufacturing Market Other Major And Innovative Companies
31.1. Continental AG
31.2. Volvo Car Corporation
31.3. Cummins Inc.
31.4. Valeo SA
31.5. Eaton Corporation plc.
31.6. Tenneco Inc.
31.7. Schaeffler Group
31.8. TRW Automotive Holdings Corp.
31.9. BorgWarner Inc.
31.10. LKQ Corporation
31.11. Marelli Europe S.p.A
31.12. Knorr-Bremse AG
31.13. Navistar Inc.
31.14. GKN Automotive Limited
31.15. Garrett Motion Inc.
32. Global Automobile Remanufacturing Market Competitive Benchmarking
33. Global Automobile Remanufacturing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automobile Remanufacturing Market
35. Automobile Remanufacturing Market Future Outlook and Potential Analysis
35.1 Automobile Remanufacturing Market In 2028 - Countries Offering Most New Opportunities
35.2 Automobile Remanufacturing Market In 2028 - Segments Offering Most New Opportunities
35.3 Automobile Remanufacturing Market In 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer