Automotive Parts Remanufacturing Market Study: An Emerging Hint of Opportunity by 2026

Persistence Market Research (PMR) provides critical inputs and analysis on the Global Automotive Parts Remanufacturing market in its new study, 'Automotive Parts Remanufacturing Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026'. The research report offers in-depth analysis on the Automotive Parts Remanufacturing market for the projected period. On the basis of findings in the report, remanufactured automotive parts are estimated to witness soaring demand in years to come, particularly owing to the growing need for cost competitive remanufactured diesel engines. Moreover, the expanding automotive fleet and increasing per capita spending power are contributing significantly to the growth of automotive parts remanufacturing market. The global Automotive Parts Remanufacturing market is estimated to grow at a healthy CAGR of 7.1% during the forecast period, according to the PMR’s study.

Automotive Parts Remanufacturing Market: Segmentation Overview

• Segmentation of the Automotive Parts Remanufacturing market on the basis of components: Under the components segment, the Engine and Related Parts segment is projected to have dominated the market with a market share of 30.3% in 2017 in the automotive parts remanufacturing market. The Electrical & Electronics parts segment is projected to register highest growth rate in terms of value CAGR during the forecast period in the automotive parts remanufacturing market 

• Segmentation of the Automotive Parts Remanufacturing market on the basis of vehicle type: In terms of Vehicles segment, the passenger vehicles segment is expected to dominate the automotive parts remanufacturing market owing to growing urban population and growing need for personal vehicles, especially in emerging countries, such as India and China. The growing average age of personal vehicles is also expected to be one of the main factors driving the growth of automotive parts remanufacturing market

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Automotive Parts Remanufacturing Market: Vendor Insights

The Automotive Parts Remanufacturing market is fairly fragmented, characterized by strong presence of a number of large multi-national corporations and a fairly high number of domestic players spread across various regions. The report highlights some of the leading players in the global Automotive Parts Remanufacturing market, such as Volvo AB, Robert Bosch, BBB Industries, Cardone Industries, Valeo SA, Meritor Inc., ATC Drivetrain LLC and Motor Parts of America, among others.