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Classified in: Transportation, Covid-19 virus
Subjects: SVY, MRR

Global Automotive Parts Remanufacturing Market Report 2022: A $54.71 Billion Market in 2021 - Shortage of Raw Materials Driving Growth to 2028

DUBLIN, Jan. 27, 2023 /PRNewswire/ -- The "Global Automotive Parts Remanufacturing Market - Analysis By Component, By Vehicle (PV, LCV, HCV, ATV, ORV), By Region, By Country: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)" report has been added to  ResearchAndMarkets.com's offering.

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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

Key Target Audience:

Key Topics Covered:

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 Analysis
5.1 Component Suppliers
5.2 Remanufacturers
5.3 Distributors/Retailer
5.4 Spare Part Suppliers

6. Covid-19 Impact Assessment
6.1 Assessment of Degree of Impact of Covid-19 on GaN Device 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: Average Selling Price Analysis
9.1 Average Selling Price, By Region
9.2 Average Selling Price, By Type

10. Competitive Positioning: Automotive Parts Remanufacturing Market
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

For more information about this report visit https://www.researchandmarkets.com/r/lsyrrs-automotive?w=5

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Media Contact: Laura Wood | +353-1-481-1716 | press@researchandmarkets.net

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SOURCE Research and Markets

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