Automotive Parts Remanufacturing Market
Automotive Parts Remanufacturing Market Study by Engine & Related Parts, Transmission, Electrical & Electronics, Wheels & Brakes, A/C Compressors, Steering, and Fuel Systems from 2024 to 2034
Analysis of Automotive Parts Remanufacturing Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Parts Remanufacturing Market Outlook (2024 to 2034)
The global automotive parts remanufacturing market size is set to reach US$ 70.12 billion in 2024. The market has been projected to advance at a CAGR of 9.3% to reach US$ 171.27 billion by 2034-end. North America and East Asia are key markets for automotive parts remanufacturing and collectively account for over 50% share of the global market.
Automotive parts remanufacturing is a standardized manufacturing method in which worn-out or non-functional automotive parts are cleaned, disassembled, repaired, and replaced with new components. Automotive components experience wear and tear after a considerable amount of use. The adoption of circular economy principles and the need to reduce carbon emissions are fueling market expansion.
Key Market Growth Drivers
- Automotive parts remanufacturing market trends are being influenced by an increasing push to remanufacture complicated components of engines to increase vehicle life expectancy.
- OEMs and remanufacturers are working together more often to promote innovation and make sure that remanufactured parts are compatible with contemporary automobiles.
- Increasing integration of smart features in vehicles and technological advancements are driving the adoption of remanufactured electrical and electronic components.
- Automotive parts remanufacturing market growth is primarily driven by support from the government for the adoption of sustainable practices and circular economy initiatives.
- Fleets of commercial vehicles are beginning to accept remanufactured parts, which lowers costs and reduces the environmental effects of the transportation industry.
- Widespread use of the principles of the circular economy, along with a focus on lowering carbon emissions and preserving resources are contributing to the expansion of the automotive parts remanufacturing market size.
- Increasing use of remanufactured parts in both passenger and commercial vehicles, motivated by cost savings and environmental concerns, is another factor fueling the expansion of the market.
- Rising number of cars on the road and the improving standard of living are boosting the demand for automotive parts, which is in turn driving the global market for automotive parts remanufacturing.
| Report Attributes | Details |
|---|---|
| Automotive Parts Remanufacturing Market Size (2024E) | US$ 70.12 Billion |
| Forecasted Market Value (2034F) | US$ 171.27 Billion |
| Global Market Growth Rate (2024 to 2034) | 9.3% CAGR |
| East Asia Market Share (2024E) | 24.7% |
| North America Market Share (2024E) | 27.8% |
| Sales of Wheels and Brakes (2024E) | US$ 20.75 Billion |
| Key Companies Profiled | Robert Bosch GmnH; ZF Friedrichshafen AG; Caterpillar Inc.; Carwood Group; Meritor Inc.; Budweg Caliper A/S; Monark Automotive GmbH; BBB Industries; E&E Group; IM Group; Andre Niermann |
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Why Do Remanufactured Automotive Parts Find Extensive Adoption?
“Cost-effectiveness and Ease of Maintenance Associated with Remanufactured Parts”
Automotive remanufacturing is the process of repairing automobile parts that have been sold but are no longer functional. By disassembling, cleaning, repairing, and replacing outdated parts, these worn-out components are made into brand-new ones. The aging of automobiles is causing wear and tear on their parts, giving rise to the need for aftermarket replacements for these damaged parts.
Remanufactured components are less expensive to buy and maintain than original parts. This financial benefit is drawing customers and companies looking for low-cost options without sacrificing quality. The automotive sector is benefiting from developments in artificial intelligence (AI), better sensors, and environmentally friendly production techniques. These developments are improving the repaired parts' quality and performance to par with new products.
“Environmental Consequences of Manufacturing Fresh Parts”
The push for sustainability and recycling is resulting in lucrative opportunities for automotive remanufacturers. Governments and organizations are supporting the use of remanufactured auto parts because they understand the environmental impact of manufacturing new ones. Raw materials and new car parts are becoming scarce as a result of the COVID-19 pandemic's disruption of international supply chains. This void is being filled by remanufactured goods, which is raising more demand for these parts.
Emphasis on sustainable practices is contributing to market expansion. Remanufactured EV-specific parts are also in demand as electric vehicles (EVs) are gaining popularity. These elements are supporting environmentally friendly transportation and promoting sustainable mobility.
What Difficulties Do Automotive Parts Remanufacturers Face?
“Pricing Complexity and Lack of Regulations Governing Reuse and Recycling”
It can be difficult to determine the cost of remanufactured parts. Remanufacturers encounter difficulties concerning the perceived value of components and pricing models, in contrast to new parts, which have well-defined pricing structures.
Recycling and reusing old parts are key components of remanufacturing, but tax laws and regulations might not sufficiently address these activities. It is critical to strike a balance between the advantages of the environment and taxation requirements.
The remanufacturing industry depends on skilled labor. Maintaining quality standards and keeping up with technological advancements require ongoing training and certification.
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Country-wise Insights
North America occupies a significant automotive parts remanufacturing market share in 2024. The market in the region is projected to expand at a significant CAGR of 8.8% through 2034.
Which Factors are Conducive for Market Growth in the United States?
“Well-Established Auto Aftermarkets and Increasing EV Production”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 14.48 Billion |
| Growth Rate (2024 to 2034) | 8.5% CAGR |
| Projected Value (2034F) | US$ 32.78 Billion |
The market in the United States is estimated to reach US$ 14.48 billion in 2024. The country occupies 75% share of the North American market in 2024. The growth of the market in the United States is being propelled by sustainability regulations and firmly established automotive aftermarkets in the United States. Consumers in the nation value sustainability and cost-effectiveness, which contributes to the demand for remanufactured parts that offer both environmental benefits and cost savings.
- For example, the IEA reports that sales of battery electric vehicles in the United States increased from 230,000 units in 2020 to 470,000 units in 2021. This situation is raising the need for EV parts remanufacturing solutions, thus contributing to the market's expansion.
How is the Market for Remanufactured Automotive Parts Progressing in China?
“Remanufacturing of Electric Vehicle Batteries and Drivetrains Gaining Traction”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 10.17 Billion |
| Growth Rate (2024 to 2034) | 10.8% CAGR |
| Projected Value (2034F) | US$ 28.37 Billion |
The Chinese market is projected to exhibit a significant growth rate over the forecasted period. One of the main factors for growing the market in China is the robust automobile aftermarket sector. Rising demand for reasonably priced remanufactured auto parts in developing nations, such as India, supports the growth of the market in China.
This is because of the reliance of these countries on China for quality and cost-effective auto parts. China is the country with the highest number of EVs on the road. Remanufacturing of EV batteries and drivetrains is gaining traction as a result, thus contributing to market expansion.
Category-wise Insights
The market is divided into categories based on the type of component: engine and related parts, transmission parts, electrical and electronic system parts, wheel and suspension system parts, brake system parts, and others. The electrical and electronic system parts segment is projected to expand at a significant pace through 2034.
Growing trend of vehicle electrification and manufacturers' emphasis on providing innovative EV remanufacturing solutions are driving market expansion. A vehicle's suspension and transmission systems degrade over time and break under different loading scenarios and terrains. Therefore, the need for routine checks and replacement of these components is contributing to the growth of the segment.
Why are Companies Focusing on Remanufacturing Engines and Related Parts for Vehicles?
“Increased Susceptibility of Wear and Damage Necessitating Frequent Replacements”
| Attribute | Engine & Related Parts |
|---|---|
| Segment Value (2024E) | US$ 12.69 Billion |
| Growth Rate (2024 to 2034) | 9.2% CAGR |
| Projected Value (2034F) | US$ 30.67 Billion |
Remanufacturing of engines and associated parts solves the challenges concerning discontinued or hard-to-find components. There is increased wear and damage to the engine and its related parts. For this reason, compared to other automotive parts, components like drive belts, oil filters, and air filters require more frequent replacements. To meet the growing demand from customers, the majority of the top aftermarket companies are focusing on remanufacturing engine-related parts.
Why Do Passenger Cars Account for a Leading Share of the Market?
“Rising Expenditure on Testing, Research, and Development for Passenger Cars”
| Attribute | Passenger Cars |
|---|---|
| Segment Value (2024E) | US$ 44.66 Billion |
| Growth Rate (2024 to 2034) | 10.2% CAGR |
| Projected Value (2034F) | US$ 117.69 Billion |
The passenger vehicle market is growing due to increasing urbanization around the world. Each year, more money is spent on testing, research and development for passenger cars, and regulatory compliance. The average life expectancy of passenger cars has increased as a result of all these factors, leading to cost-efficiency for vehicle owners. Ongoing research and development investments by passenger car manufacturers are projected to lead to enhanced performance.
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Competitive Landscape
Key players in the automotive parts remanufacturing market are projected to exhibit significant growth during the forecast period due to the increasing emphasis of major aftermarket players on providing remanufactured automotive parts that are affordable and on par with new products. These key players include Bosch, ZF Friedrichshafen AG, Caterpillar Inc., Carwood Group, Meritor Inc., Budweg Caliper A/S, Monark Automotive GmbH, BBB Industries, E&E Group, and IM Group.
- In January 2024, Rolls-Royce Power Systems Division announced the opening of a remanufacturing and overhaul center on the MTU Aiken campus in South Carolina in the United States. The new facility, which incurred costs in the low double digits of millions of dollars, is seamlessly integrated with existing manufacturing operations. It aligns with the business's sustainability strategy and service initiatives.
Segmentation of Automotive Parts Remanufacturing Market Research
-
By Component :
- Engine & Related Parts
- Transmission & Others
- Electrical & Electronics
- Wheels & Brakes
- A/C Compressors, Steering, Fuel Systems
-
By Vehicle Type :
- Passenger Cars
- LCVs
- HCVs
- Off-Road Vehicles
- All-Terrain Vehicles
-
By Region :
- North America
- Europe
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Component
- 9.1. Engine & Related Parts
- 9.2. Transmission & Others
- 9.3. Electrical & Electronics
- 9.4. Wheels & Brakes
- 9.5. A/C Compressors, Steering, Fuel Systems
- 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Vehicle Type
- 10.1. Passenger Cars
- 10.2. LCVs
- 10.3. HCVs
- 10.4. Off-Road Vehicles
- 10.5. All-Terrain Vehicles
- 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. South Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 17. Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 18. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 19. Key and Emerging Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Robert Bosch GmnH
- 21.2. ZF Friedrichshafen AG
- 21.3. Caterpillar Inc.
- 21.4. Carwood Group
- 21.5. Meritor Inc.
- 21.6. Budweg Caliper A/S
- 21.7. Monark Automotive GmbH
- 21.8. BBB Industries
- 21.9. E&E Group
- 21.10. IM Group
- 21.11. Andre Niermann
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2034, By Component
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Component
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Vehicle Type
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Component
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Vehicle Type
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Component
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Vehicle Type
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Component
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Vehicle Type
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Component
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Vehicle Type
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Component
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Vehicle Type
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Component
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Vehicle Type
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Component
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Vehicle Type
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2023
Figure 02: Global Market Volume Forecast (in 000' Units), 2024 to 2034
Figure 03: Pricing Analysis (US$) Per Component, By Region, 2023
Figure 04: Pricing Analysis (US$) Per Component, By Region, 2023
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2023
Figure 06: Global Market Value Forecast (US$ Mn), 2024 to 2034
Figure 07: Global Market Absolute $ Opportunity, 2024 to 2034
Figure 08: Global Market Share Analysis (%), By Component, 2024 to 2034
Figure 09: Global Market Y-o-Y Analysis (%), By Component, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Component, 2024 to 2034
Figure 11: Global Market Share Analysis (%), By Vehicle Type, 2024 to 2034
Figure 12: Global Market Y-o-Y Analysis (%), By Vehicle Type, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 14: Global Market Share Analysis (%), By Region, 2024 to 2034
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value Share, By Component, 2024 (E)
Figure 18: North America Market Value Share, By Vehicle Type, 2024 (E)
Figure 19: North America Market Value Share, By Country, 2024 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 21: North America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 22: North America Market Attractiveness Analysis by Component, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 24: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 25: Latin America Market Value Share, By Component, 2024 (E)
Figure 26: Latin America Market Value Share, By Vehicle Type, 2024 (E)
Figure 27: Latin America Market Value Share, By Country, 2024 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 29: Latin America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 30: Latin America Market Attractiveness Analysis by Component, 2024 to 2034
Figure 31: Latin America Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 32: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 33: Europe Market Value Share, By Component, 2024 (E)
Figure 34: Europe Market Value Share, By Vehicle Type, 2024 (E)
Figure 35: Europe Market Value Share, By Country, 2024 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2023
Figure 37: Europe Market Value Forecast (US$ Mn), 2024 to 2034
Figure 38: Europe Market Attractiveness Analysis by Component, 2024 to 2034
Figure 39: Europe Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 40: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 41: South Asia Market Value Share, By Component, 2024 (E)
Figure 42: South Asia Market Value Share, By Vehicle Type, 2024 (E)
Figure 43: South Asia Market Value Share, By Country, 2024 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 45: South Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 46: South Asia Market Attractiveness Analysis by Component, 2024 to 2034
Figure 47: South Asia Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 48: South Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 49: East Asia Market Value Share, By Component, 2024 (E)
Figure 50: East Asia Market Value Share, By Vehicle Type, 2024 (E)
Figure 51: East Asia Market Value Share, By Country, 2024 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 53: East Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 54: East Asia Market Attractiveness Analysis by Component, 2024 to 2034
Figure 55: East Asia Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 56: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 57: Oceania Market Value Share, By Component, 2024 (E)
Figure 58: Oceania Market Value Share, By Vehicle Type, 2024 (E)
Figure 59: Oceania Market Value Share, By Country, 2024 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2023
Figure 61: Oceania Market Value Forecast (US$ Mn), 2024 to 2034
Figure 62: Oceania Market Attractiveness Analysis by Component, 2024 to 2034
Figure 63: Oceania Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 64: Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Middle East and Africa Market Value Share, By Component, 2024 (E)
Figure 66: Middle East and Africa Market Value Share, By Vehicle Type, 2024 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2024 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2023
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2024 to 2034
Figure 70: Middle East and Africa Market Attractiveness Analysis by Component, 2024 to 2034
Figure 71: Middle East and Africa Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2024 & 2034
Figure 74: UNITED STATES Market Value Share, By Component, 2024 (E)
Figure 75: UNITED STATES Market Value Share, By Vehicle Type, 2024 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2024 & 2034
Figure 77: Canada Market Value Share, By Component, 2024 (E)
Figure 78: Canada Market Value Share, By Vehicle Type, 2024 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2024 & 2034
Figure 80: Mexico Market Value Share, By Component, 2024 (E)
Figure 81: Mexico Market Value Share, By Vehicle Type, 2024 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2024 & 2034
Figure 83: Brazil Market Value Share, By Component, 2024 (E)
Figure 84: Brazil Market Value Share, By Vehicle Type, 2024 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2024 & 2034
Figure 86: UNITED KINGDOM Market Value Share, By Component, 2024 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Vehicle Type, 2024 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2024 & 2034
Figure 89: Germany Market Value Share, By Component, 2024 (E)
Figure 90: Germany Market Value Share, By Vehicle Type, 2024 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2024 & 2034
Figure 92: France Market Value Share, By Component, 2024 (E)
Figure 93: France Market Value Share, By Vehicle Type, 2024 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2024 & 2034
Figure 95: Italy Market Value Share, By Component, 2024 (E)
Figure 96: Italy Market Value Share, By Vehicle Type, 2024 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2024 & 2034
Figure 98: Spain Market Value Share, By Component, 2024 (E)
Figure 99: Spain Market Value Share, By Vehicle Type, 2024 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 101: Russia Market Value Share, By Component, 2024 (E)
Figure 102: Russia Market Value Share, By Vehicle Type, 2024 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2024 & 2034
Figure 104: China Market Value Share, By Component, 2024 (E)
Figure 105: China Market Value Share, By Vehicle Type, 2024 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2024 & 2034
Figure 107: Japan Market Value Share, By Component, 2024 (E)
Figure 108: Japan Market Value Share, By Vehicle Type, 2024 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2024 & 2034
Figure 110: South Korea Market Value Share, By Component, 2024 (E)
Figure 111: South Korea Market Value Share, By Vehicle Type, 2024 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2024 & 2034
Figure 113: India Market Value Share, By Component, 2024 (E)
Figure 114: India Market Value Share, By Vehicle Type, 2024 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2024 & 2034
Figure 116: ASEAN Market Value Share, By Component, 2024 (E)
Figure 117: ASEAN Market Value Share, By Vehicle Type, 2024 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 119: Australia Market Value Share, By Component, 2024 (E)
Figure 120: Australia Market Value Share, By Vehicle Type, 2024 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2024 & 2034
Figure 122: New Zealand Market Value Share, By Component, 2024 (E)
Figure 123: New Zealand Market Value Share, By Vehicle Type, 2024 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2024 & 2034
Figure 125: GCC Countries Market Value Share, By Component, 2024 (E)
Figure 126: GCC Countries Market Value Share, By Vehicle Type, 2024 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2024 & 2034
Figure 128: Turkey Market Value Share, By Component, 2024 (E)
Figure 129: Turkey Market Value Share, By Vehicle Type, 2024 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2024 & 2034
Figure 131: South Africa Market Value Share, By Component, 2024 (E)
Figure 132: South Africa Market Value Share, By Vehicle Type, 2024 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the automotive parts remanufacturing market size in 2024?
The global automotive parts remanufacturing market is estimated at US$ 70.12 billion in 2024.
Which country has a significant market share in automotive parts remanufacturing?
The United States is estimated to reach a market valuation of US$ 14.48 million in 2024.
What is the forecasted market size for China after 10 years?
Sales of automotive parts remanufacturing in China are forecasted to reach US$ 28.37 billion by 2034.
Which component holds a significant market share for remanufacturing?
Sales of wheels & brakes are estimated to reach US$ 20.75 billion in 2024.
Which vehicle category accounts for higher sales in this market?
Sales of automotive parts remanufacturing in passenger vehicles are estimated at US$ 44.66 billion in 2024.
What is the market value for Japan in 2024?
Japan is projected to reach a market value of US$ 4.46 billion in 2024.
Automotive Parts Remanufacturing Market