Executive Summary

The Global Automotive Parts Remanufacturing market was valued at USD 54710.12 Million in 2021 and is expected to grow at a CAGR of 7.43% during the forecast period of 2023-2028. The shortage of raw materials is driving the growth of the automotive parts remanufacturing market as remanufactured parts are extracted from older vehicles and renovated. This factor eliminates the need to exact materials from mines and ores. Remanufactured parts cost nearly 50-75% as much as the original product while providing the same quality.

Further, strict government regulations towards waste management is resulting in a decline in the manufacturing of new automotive parts and the rising awareness among consumers for eco-friendly products is boosting the demand for the remanufactured parts market globally.

End customers have various options for automotive parts remanufacturing in the market. Predictive maintenance, also referred to as condition-based maintenance, is a technique adopted by companies to continuously monitor real working conditions to ensure asset optimization of the installed parts in the vehicles. Engine and related parts and electronics and electrical equipment are the most popular products used in the industry, which are utilized not only in passenger vehicles but also in LCVs and HCVs.

Further, the widespread use of remanufactured parts in passenger vehicles is expected to remain the most potential category by present vehicle types. Hence the companies are focusing on this segment. Overall, the Automotive Part Remanufacturing market is fragmented and China, India and United States are estimated to be the largest contributor to the global market owing to increasing vehicle parts remanufacturing facilities as well as sales.



Scope of the Report

• The report analyses the Automotive Parts Remanufacturing Market by Value (USD Million).

• The report analyses the Automotive Parts Remanufacturing Market by Volume (Million Units).

• The report presents the analysis of the Automotive Parts Remanufacturing market for the historical period of 2018-2021, the estimated year 2022 and the forecast period of 2023-2028.

• The report analyses the Automotive Parts Remanufacturing Market by Component (Engine & Related Parts, Transmission & Others, Electrical & Electronics, Wheels & Brakes, Fuel Systems, Other Components).

• The report analyses the Automotive Parts Remanufacturing Market By Vehicle (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, Off-Road Vehicles, All-Terrain Vehicles)

• The Global Automotive Parts Remanufacturing Market has been analyzed by countries (United States, Canada, Mexico, Germany, UK, Russia, China, Japan, India, South Korea).

• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by component, by vehicle.

• Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include ZF Friedrichshafen, BBB Industries, Meritor Inc., Budweg, Monark Automotive, Cardone Industries, Robert Bosch, Caterpillar Inc., Volvo Group, Carwood.

Key Target Audience

• Automotive Manufacturers

• Consulting and Advisory Firms

• Research and Development Organizations

• Government and Regulatory Authorities

1. Introduction: Automotive Parts Remanufacturing Market

1.1 Overview

1.2 Scope of Research

2. Executive Summary

2.1 Market Dashboard

2.2 Regional Insights

2.3 Market Ecosystem Factors

3. Research Methodology

3.1 Data Collection Process

3.2 Market Trajectory Estimation

3.3 Market Size Calculation

4. Automotive Parts Remanufacturing Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Trends

4.5 Impact assessment of Market Dynamics

5. Value Chain

5.1 Component Suppliers

5.2 Remanufacturers

5.3 Distributors/Retailers

5.4 Spare Part Suppliers

6. Covid-19 Impact Assessment

6.1 Assessment of Degree of Impact of Covid-19 on Global Automotive Parts Remanufacturing Market

6.2 Region-Wise Quarterly Covid Impact Analysis

7. Porter's Five Forces Analysis

8. Macro Economic Indicator Outlook

8.1 Manufacturing Sector

8.2 Global Vehicle Sales

8.3 Investments in Different Sectors

8.4 Gross National Income, PPP

8.5 Urbanization

9. Automotive Parts Remanufacturing Market: Average Selling Price Analysis

9.1 Average Selling Price, By Region

9.2 Average Selling Price, By Component

10. Competitive Positioning

10.1 Companies' 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 Inc.

10.3.4 Budweg

10.3.5 Monark Automotive

10.3.6 Cardone Industries

10.3.7 Robert Bosch

10.3.8 Caterpillar Inc.

10.3.9 Volvo Group

10.3.10 Carwood

11. Volumetric Analysis, Units, 2018-2028

11.1 Global Automotive Parts Remanufacturing Market, By Volume

11.1.1 Global Automotive Parts Remanufacturing Market, 2018-2028 (Units)

11.1.2 Global Automotive Parts Remanufacturing Market, By Components, 2018-2028 (Units)

11.1.3 Global Automotive Parts Remanufacturing Market, By Components, 2018-2021, 2023-2028 CAGR (%)

11.2 Americas Automotive Parts Remanufacturing Market, By Volume

11.2.1 Americas Automotive Parts Remanufacturing Market, 2018-2028 (Units)

11.2.2 Americas Automotive Parts Remanufacturing Market, By Components, 2018-2028 (Units)

11.2.3 Americas Automotive Parts Remanufacturing Market, By Components, 2018-2021, 2023-2028 CAGR (%)

11.3 Europe Automotive Parts Remanufacturing Market, By Volume

11.3.1 Europe Automotive Parts Remanufacturing Market, 2018-2028 (Units)

11.3.2 Europe Automotive Parts Remanufacturing Market, By Components, 2018-2028 (Units)

11.3.3 Europe Automotive Parts Remanufacturing Market, By Components, 2018-2021, 2023-2028 CAGR (%)

11.4 Asia Pacific Automotive Parts Remanufacturing Market, By Volume

11.4.1 Asia Pacific Automotive Parts Remanufacturing Market, 2018-2028 (Units)

11.4.2 Asia Pacific Automotive Parts Remanufacturing Market, By Components, 2018-2028 (Units)

11.4.3 Asia Pacific Automotive Parts Remanufacturing Market, By Components, 2018-2021, 2023-2028 CAGR (%)

11.5 Middle East & Africa Automotive Parts Remanufacturing Market, By Volume

11.5.1 Middle East & Africa Automotive Parts Remanufacturing Market, 2018-2028 (Units)

11.5.2 Middle East & Africa Automotive Parts Remanufacturing Market, By Components, 2018-2028 (Units)

11.5.3 Middle East & Africa Automotive Parts Remanufacturing Market, By Components, 2018-2021, 2023-2028 CAGR (%)

12. Global Automotive Parts Remanufacturing Market Trends and Forecast Analysis, 2018-2028, USD MILLION & CAGR

12.1 Macro Economic Factor Impact Index

12.2 Automotive Parts Remanufacturing Market: Dashboard

12.3 Automotive Parts Remanufacturing Market Size, By Value, 2018-2021(USD Million)

12.4 Automotive Parts Remanufacturing Market Size, By Value, 2022-2028 (USD Million)

12.5 Automotive Parts Remanufacturing Market: Summary

13. Global Automotive Parts Remanufacturing Market Trend And Forecast Analysis, 2018-2028, By Component

13.1 Automotive Parts Remanufacturing Market Trend And Forecast Analysis, By Component: Snapshot

13.2 Engine & Related Parts

13.3 Transmission & Others

13.4 Electrical & Electronics

13.5 Wheels & Brakes

13.6 Fuel Systems

13.7 Other Components

14. Global Automotive Parts Remanufacturing Market Trend And Forecast Analysis, 2018-2028, By By Vehicle

14.1 Automotive Parts Remanufacturing Market Trend And Forecast Analysis, By Vehicle: Snapshot

14.2 Passenger Vehicles

14.3 Light Commercial Vehicles

14.4 Heavy Commercial Vehicles

14.5 Off-Road Vehicles

14.6 All-Terrain Vehicles

15. Global Automotive Parts Remanufacturing Market Trend And Forecast Analysis, 2018-2028, By Region

15.1 Regional Coverage of the Study

16. Americas Automotive Parts Remanufacturing Market Trends and Forecast Analysis, 2018-2028, USD MILLION & CAGR

16.1 Macro Economic Factor Impact Index

16.2 Impact analysis of market dynamics on Automotive Parts Remanufacturing Market

16.3 Americas Automotive Parts Remanufacturing Market: Dashboard

16.4 Americas Automotive Parts Remanufacturing Market Size, By Value, 2018-2021(USD Million)

16.5 Americas Automotive Parts Remanufacturing Market Size, By Value, 2022-2028 (USD Million)

17 Americas Automotive Parts Remanufacturing Market, By Component

17.1 Americas Automotive Parts Remanufacturing Market: Component Overview

17.2 Americas Automotive Parts Remanufacturing Market: Component, By Engine & Related Parts

17.3 Americas Automotive Parts Remanufacturing Market: Component, By Transmission & Others

17.4 Americas Automotive Parts Remanufacturing Market: Component, By Electrical and Electronics

17.5 Americas Automotive Parts Remanufacturing Market: Component, By Wheels & Brakes

17.6 Americas Automotive Parts Remanufacturing Market: Component, By Fuel Systems

17.7 Americas Automotive Parts Remanufacturing Market: Component, By Other Components

18. Americas Automotive Parts Remanufacturing Market, By Vehicle

18.1 Americas Automotive Parts Remanufacturing Market: Vehicle Overview

18.2 Americas Automotive Parts Remanufacturing Market: Vehicle, By Passenger Vehicles

18.3 Americas Automotive Parts Remanufacturing Market: Vehicle, By Light Commercial Vehicles

18.4 Americas Automotive Parts Remanufacturing Market: Vehicle, By Heavy Commercial Vehicles

18.5 Americas Automotive Parts Remanufacturing Market: Vehicle, By Off-Road Vehicles

18.6 Americas Automotive Parts Remanufacturing Market: Vehicle, By All-Terrain Vehicles

19. Americas Automotive Parts Remanufacturing Market, By Country

19.1 United States

19.2 Canada

19.3 Mexico

19.4 Rest of Americas

20. Europe Automotive Parts Remanufacturing Market Trends and Forecast Analysis, 2018-2028, USD MILLION & CAGR

20.1 Macro Economic Factor Impact Index

20.2 Impact analysis of market dynamics on the Automotive Parts Remanufacturing Market

20.3 Europe Automotive Parts Remanufacturing Market: Dashboard

20.4 Europe Automotive Parts Remanufacturing Market Size, By Value, 2018-2021(USD Million)

20.5 Europe Automotive Parts Remanufacturing Market Size, By Value, 2022-2028 (USD Million)

21. Europe Automotive Parts Remanufacturing Market, By Component

21.1 Europe Automotive Parts Remanufacturing Market: Component Overview

21.2 Europe Automotive Parts Remanufacturing Market: Component, By Engine & Related Parts

21.3 Europe Automotive Parts Remanufacturing Market: Component, By Transmission & Others

21.4 Europe Automotive Parts Remanufacturing Market: Component, By Electrical & Electronics

21.5 Europe Automotive Parts Remanufacturing Market: Component, By Wheels & Brakes

21.6 Europe Automotive Parts Remanufacturing Market: Component, By Fuel Systems

21.7 Europe Automotive Parts Remanufacturing Market: Component, By Other Components

22. Europe Automotive Parts Remanufacturing Market, By Vehicle

22.1 Europe Automotive Parts Remanufacturing Market: Vehicle Overview

22.2 Europe Automotive Parts Remanufacturing Market: Vehicle, By Passenger Vehicles

22.3 Europe Automotive Parts Remanufacturing Market: Vehicle, By Light Commercial Vehicles

22.4 Europe Automotive Parts Remanufacturing Market: Vehicle, By Heavy Commercial Vehicles

22.5 Europe Automotive Parts Remanufacturing Market: Vehicle, By Off-Road Vehicles

22.6 Europe Automotive Parts Remanufacturing Market: Vehicle, By All-Terrain Vehicles

23. Europe Automotive Parts Remanufacturing Market, By Country

23.1 Germany

23.2 United Kingdom

23.4 Russia

23.5 Rest of Europe

24. Asia Pacific Automotive Parts Remanufacturing Market Trends and Forecast Analysis, 2018-2028, USD MILLION & CAGR

24.1 Macro Economic Factor Impact Index

24.2 Impact analysis of market dynamics on Automotive Parts Remanufacturing Market

24.3 Asia Pacific Automotive Parts Remanufacturing Market: Dashboard

24.4 Asia Pacific Automotive Parts Remanufacturing Market Size, By Value, 2018-2021(USD Million)

24.5 Asia Pacific Automotive Parts Remanufacturing Market Size, By Value, 2022-2028 (USD Million)

25. Asia Pacific Automotive Parts Remanufacturing Market, By Component

25.1 Asia Pacific Automotive Parts Remanufacturing Market: Component Overview

25.2 Asia Pacific Automotive Parts Remanufacturing Market: Component, By Engine & Related Parts

25.3 Asia Pacific Automotive Parts Remanufacturing Market: Component, By Transmission & Others

25.4 Asia Pacific Automotive Parts Remanufacturing Market: Component, By Electrical & Electronics

25.5 Asia Pacific Automotive Parts Remanufacturing Market: Component, By Wheels & Brakes

25.6 Asia Pacific Automotive Parts Remanufacturing Market: Component, By Fuel Systems

25.7 Asia Pacific Automotive Parts Remanufacturing Market: Component, By Other Components

26. Asia Pacific Automotive Parts Remanufacturing Market, By Vehicle

26.1 Asia Pacific Automotive Parts Remanufacturing Market: Vehicle Overview

26.2 Asia Pacific Automotive Parts Remanufacturing Market: Vehicle, By Passenger Vehicles

26.3 Asia Pacific Automotive Parts Remanufacturing Market: Vehicle, By Light Commercial Vehicles

26.4 Asia Pacific Automotive Parts Remanufacturing Market: Vehicle, By Heavy Commercial Vehicles

26.5 Asia Pacific Automotive Parts Remanufacturing Market: Vehicle, By Off-Road Vehicles

26.6 Asia Pacific Automotive Parts Remanufacturing Market: Vehicle, By All-Terrain Vehicles

27. Asia Pacific Automotive Parts Remanufacturing Market, By Country

27.1 China

27.2 India

27.3 Japan

27.4 South Korea

27.5 Rest of Asia Pacific

28. Middle East & Africa Automotive Parts Remanufacturing Market Trends and Forecast Analysis, 2018-2028, USD MILLION & CAGR

28.1 Macro Economic Factor Impact Index

28.2 Impact analysis of market dynamics on Automotive Parts Remanufacturing Market

28.3 Middle East & Africa Automotive Parts Remanufacturing Market Size, By Value, 2018-2021(USD Million)

28.4 Middle East & Africa Automotive Parts Remanufacturing Market Size, By Value, 2022-2028 (USD Million)

29. Middle East & Africa Automotive Parts Remanufacturing Market, By Component

29.1 Middle East & Africa Automotive Parts Remanufacturing Market: Component Overview

29.2 Middle East & Africa Automotive Parts Remanufacturing Market: Component, By Engine & Related Parts

29.3 Middle East & Africa Automotive Parts Remanufacturing Market: Component, By Transmission & Others

29.4 Middle East & Africa Automotive Parts Remanufacturing Market: Component, By Electrical & Electronics

29.5 Middle East & Africa Automotive Parts Remanufacturing Market: Component, By Wheels & Brakes

29.6 Middle East & Africa Automotive Parts Remanufacturing Market: Component, By Fuel Systems

29.7 Middle East & Africa Automotive Parts Remanufacturing Market: Component, By Other Components

30. Middle East & Africa Automotive Parts Remanufacturing Market, By Vehicle

30.1 Middle East & Africa Automotive Parts Remanufacturing Market: Vehicle Overview

30.2 Middle East & Africa Automotive Parts Remanufacturing Market: Vehicle, By Passenger Vehicles

30.3 Middle East & Africa Automotive Parts Remanufacturing Market: Vehicle, By Light Commercial Vehicles

30.4 Middle East & Africa Automotive Parts Remanufacturing Market: Vehicle, By Heavy Commercial Vehicles

30.5 Middle East & Africa Automotive Parts Remanufacturing Market: Vehicle, By Off-Road Vehicles

30.6 Middle East & Africa Automotive Parts Remanufacturing Market: Vehicle, By All-Terrain Vehicles

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