Dublin–(business wire)–“Global Auto Parts Refurbishment Market – Analysis By Component, By Vehicle (PV, LCV, HCV, ATV, ORV), By Region, By Country: Market Size, Insights, Competition, Covid-19 Impact & Forecast (2023) -2028) report added of ResearchAndMarkets.com Recruitment.
The global auto parts remanufacturing market is valued at USD 54,710.12 million in 2021 and is expected to grow at a CAGR of 7.43% during the forecast period 2023-2028.
A shortage of raw materials is driving the growth of the auto parts remanufacturing market, with remanufactured parts being extracted and refurbished from older vehicles. This factor eliminates the need to extract materials from mines and ores. Remanufactured parts cost approximately 50-75% of the original product while offering the same quality.
In addition, stringent government regulations on waste management have reduced the production of new auto parts and increased awareness of environmentally friendly products among consumers has increased the demand for the remanufactured parts market globally. I’m here.
End customers have various options for the remanufacturing of auto parts on the market. Predictive maintenance, also known as condition-based maintenance, is a technique employed by companies to continuously monitor actual operating conditions to optimize the assets of vehicle-mounted components. Engines and related parts, electronic and electrical equipment are among the most popular products used in the industry, not only for passenger cars, but also for LCVs and HCVs.
Additionally, the widespread use of remanufactured parts in passenger cars is expected to continue to be the most potential category in current vehicle types. Therefore, companies focus on this segment.
Overall, the auto parts remanufacturing market is fragmented, with China, India and the United States estimated to be the largest contributors to the global market due to the increase in auto parts remanufacturing facilities and sales.
Reporting scope
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This report analyzes the auto parts remanufacturing market by value (million USD).
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This report analyzes the auto parts remanufacturing market by volume (in millions).
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This report presents an analysis of the Automotive Parts Refurbishment market for the historical period 2018-2021, the estimated year 2022, and the forecast period 2023-2028.
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This report analyzes the auto parts remanufacturing market by component (engines and related parts, transmissions and others, electrical and electronic equipment, wheels and brakes, fuel systems, and other components).
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This report analyzes the auto parts remanufacturing market by vehicle (passenger cars, light commercial vehicles, heavy commercial vehicles, off-road vehicles, and all-terrain vehicles).
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The global auto parts remanufacturing market is analyzed by country (United States, Canada, Mexico, Germany, United Kingdom, Russia, China, Japan, India, South Korea).
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Key insights of the report are presented through the framework of SWOT and Porter’s Five Forces analysis. Also, market attractiveness is shown by region, by component, and by vehicle.
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The report also analyzes key industry opportunities, trends, drivers, and challenges.
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This report tracks competitive developments, strategies, mergers and acquisitions, and new product development. Companies analyzed in the report include ZF Friedrichshafen, BBB Industries, Meritor Inc., Badweg, Monarch Automotive, Cardon Industries, Robert Bosch, Caterpillar Inc., Volvo Group and Carwood.
Main target audience:
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car manufacturer
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Consulting and advisory firm
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R&D institute
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government and regulators
Main topics:
1. Introduction: Auto Parts Remanufacturing Market
1.1 Overview
1.2 Scope of research
2. Abstract
2.1 Market Dashboard
2.2 Regional Insights
2.3 Market ecosystem factors
3. Survey method
3.1 Data collection process
3.2 Market Trajectory Estimation
3.3 Market size calculation
4. Dynamics of Auto Parts Remanufacturing Market
4.1 Driver
4.2 Constraints
4.3 Opportunities
4.4 Trends
4.5 Assessing the impact of market dynamics
5. Value chain analysis
5.1 Component Supplier
5.2 Refurbisher
5.3 Distributor/Retailer
5.4 Supplier of Spare Parts
6. Covid-19 Impact Assessment
6.1 Impact assessment of COVID-19 on GaN device market
6.2 Quarterly Covid Impact Analysis by Region
7. Porter’s Five Forces Analysis
8. Macroeconomic outlook
8.1 Manufacturing Department
8.2 Global car sales
8.3 Investments in different sectors
8.4 Gross national income, purchasing power parity
8.5 Urbanization
9. Auto Parts Remanufacturing: Average Sales Price Analysis
9.1 Average Sales Price by Region
9.2 Average Sales Price by Type
10. Competitive Positioning: Auto Parts Remanufacturing Market
10.1 Company Product Positioning
10.2 Market position matrix
10.3 Market Share Analysis
10.3.1 ZF Friedrichshafen
10.3.2 BBB Industries
10.3.3 Meritor Co., Ltd.
10.3.4 Budweg
10.3.5 Monarch Auto
10.3.6 Cardoon Industry
10.3.7 Robert Bosch
10.3.8 Caterpillar Inc.
10.3.9 Volvo Group
10.3.10 Curwood
For more information on this report, please visit https://www.researchandmarkets.com/r/k7mdvl-automotive?w=4.
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