Automotive Parts Remanufacturing Market - by Component Type (Engine & Related Parts, Transmission & Related, Electrical & Electronics, Wheels & Brakes Related, A/C Compressors, Steering, Fuel Systems, and Others), by Vehicle Type (Passenger Cars, LCV, HCV, Off-road vehicles, and All-terrain Vehicles), and by Region - Global Industry Insights and Forecast till 2025

  • Published On : Apr 2018 |
  • Pages : 200 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Automotive Parts Remanufacturing Market - Insights

Automotive parts remanufacturing market refers to the business involved in the manufacturing process that includes product dismantling, replacing and restoring components, and testing of whole product and the individual parts to its original design specifications. The performance parameters that are equal or better than the previous component along with lower cost and warranty periods offered by the remanufacturers are among the key factors fueling growth of the automotive parts remanufacturing market.

Increasing shortage of natural resources and difficulty in finding materials for manufacturing processes is among the major factors impacting the growth of automotive components manufacturing industries across the globe. Rebuilding of vehicle components benefits business in terms of the overall cost of manufacture through reduced energy consumption, reduced raw material requirements, reduced cost to the market, and increased price flexibility for the consumers. These factors are expected to be among the significant factors impacting the industry growth over the forecast period.

Figure 1. Global Automotive Parts Remanufacturing Market, Key Dynamics

automotive parts remanufacturing market

Source: Coherent Market Insights (2018)

Reduced impact on environment, owing to waste generated and industry emissions through reuse of the vehicle parts will leverage the industry demand

In March 2018, the European Commission finalized its Circular Economy Package (COP) proposal that was originally proposed in 2015, for the introduction of set of directives and laws designed for the resource-efficient future of the European economies. The proposal details automotive parts remanufacturing market as an integral part for the reduction of emissions and wastes generated through end of life cycle of an automotive. Furthermore, with an estimated global vehicle parc over 1.2 billion, an expected increase of demand at around 3% year-on-year over the forecast period will present considerable requirement of raw materials for the manufacturing processes. Inadvertently, lack of raw material resources and the growing costs of mining metals, high carbon footprint on the environment due to high energy consumption, and water requirement for the new equipment manufacturing will increase the demand for remanufactured automotive parts over the coming years, thereby fueling growth of global automotive parts remanufacturing market.

Trends expected to provide high traction to the industry growth include extended life of components, advent of predictive maintenance, and IoT connectivity that increasingly complement the repeated processing of vehicle components and engines. Growing concerns for environment responsibility, potential opportunities in component costs reduction, reduced resource security challenges, reduced lead time, secure spare parts supply, and increasing consumer confidence are some of the major factors that enhance the profitability of the participants. These factors are expected to provide strong growth opportunities for the global automotive parts remanufacturing (reman) market.

Lack of adequate recognition by consumers and unfavorable regulatory policies in the Asia Pacific economies are expected to hamper the overall industry growth

High competition from the vendors supplying recycled and repaired automobile body parts, shrinking price differences between these portfolio and the original products, and extended warranty of components are few factors restraining growth of the market. Moreover, lack of consumer recognition of the differences between used and reman products, as the connotation of the terminology is misconstrued, is another factor hindering growth of automotive parts remanufacturing market. Availability of the product at 60% of the original equipment also makes it difficult for vendors to overcome the consumer misconceptions regarding the product quality, specifically in emerging economies. In conjunction with these parameters, many Asian economies including India, have banned the import of cores, which forms the basic requirement for a remanufacturer. These parameters are expected to cause significant roadblock to the industry growth.

Europe accounted for the second largest share of global automotive parts remanufacturing market and is expected to hold its position over the forecast period. Industry participants have established strong foothold in the region, owing to increasing support from legislative authorities and the original equipment manufacturers.

Some of the key players in the global automotive parts remanufacturing market include Valeo SA, ZF TRW, Carwood Group, Robert Bosch GmbH, Meritor Inc., Monark Automotive GmbH, Budweg Caliper A/S, Genuine Parts Company, ATC Drivetrain Inc., Maval Manufacturing Inc., Teamec BVBA, Motorcar Parts of America, Inc., and Jasper Engines and Transmissions.

Global automotive parts remanufacturing market refers to the rebuilding of products, components, and equipment of an automobile to its original design specifications through utilization of reused, repaired, and new components. These processes require replacement or repair of obsolete and worn out modules and components called the core. Components that can be rebuild include extensive range of engine and related parts, transmission and related, brakes, wheels, compressors, steering, and fuel systems among others.

Market Dynamics

According to the European Remanufacturing Network (ERN), the overall remanufacturing industry is expected to generate 500,000 jobs and could be valued at around US$ 110.9 billion by 2030, owing to supportive industry investments and government policies. The requirement to cope up with growing demands for automobile across the globe in conjunction with growing number of ageing vehicles, requirement to manage overall wastes, resource-efficient industry processes, and enhancement of overall profitability in the manufacturing processes is expected to fuel the overall industry demands. According to Coherent Market Insights, overall price reduction of the products up to 60% of the original equipment and the product warranties is expected to drive growth of automotive parts remanufacturing market.

Key features of the study:

  • This report provides in-depth analysis of automotive parts remanufacturing market, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global automotive parts remanufacturing market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, automotive parts remanufacturing market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include Valeo SA, ZF TRW, Carwood Group, Robert Bosch GmbH, Meritor Inc., Monark Automotive GmbH, Budweg Caliper A/S, Genuine Parts Company, ATC Drivetrain Inc., Maval Manufacturing Inc., Teamec BVBA, Motorcar Parts of America, Inc., and Jasper Engines and Transmissions
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global automotive parts remanufacturing market report caters to various stakeholders in this industry including investors, manufacturers, new entrants, large and small industry participants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global automotive parts remanufacturing market

Detailed Segmentation:

  • Global Automotive Parts Remanufacturing Market, By Component Type:
    • Engine & Related Parts
      • Turbochargers
      • EGR Valves
      • Carburetors
    • Transmission & Related
      • Clutches
      • Bearings
    • Electrical & Electronics
      • Starters
      • Alternators
      • Others
    • Wheels & Brakes Related
      • Hub Assemblies
      • Master Cylinder
      • Brake Calipers
      • Bearings
    • A/C Compressors
    • Steering
    • Fuel Systems
    • Others
  • Global Automotive Parts Remanufacturing Market, By Vehicle Type:
    • Passenger Cars
    • LCV
    • HCV
    • Off-road Vehicles
    • All-terrain Vehicles
  • Global Automotive Parts Remanufacturing Market, By Geography:
    • North America
      • By Component Type:
        • Engine & Related Parts
          • Turbochargers
          • EGR Valves
          • Carburetors
        • Transmission & Related
          • Clutches
          • Bearings
        • Electrical & Electronics
          • Starters
          • Alternators
          • Others
        • Wheels & Brakes Related
          • Hub Assemblies
          • Master Cylinder
          • Brake Calipers
          • Bearings
        • A/C Compressors
        • Steering
        • Fuel Systems
        • Others
      • By Vehicle Type:
        • Passenger Cars
        • LCV
        • HCV
        • Off-road Vehicles
        • All-Terrain Vehicles
      • By Country:
        • U.S.
        • Canada
    • Europe
        • Engine & Related Parts
          • Turbochargers
          • EGR Valves
          • Carburetors
        • Transmission & Related
          • Clutches
          • Bearings
        • Electrical & Electronics
          • Starters
          • Alternators
          • Others
        • Wheels & Brakes Related
          • Hub Assemblies
          • Master Cylinder
          • Brake Calipers
          • Bearings
        • A/C Compressors
        • Steering
        • Fuel Systems
        • Others
      • By Vehicle Type:
        • Passenger Cars
        • LCV
        • HCV
        • Off-road Vehicles
        • All-Terrain Vehicles
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
        • Engine & Related Parts
          • Turbochargers
          • EGR Valves
          • Carburetors
        • Transmission & Related
          • Clutches
          • Bearings
        • Electrical & Electronics
          • Starters
          • Alternators
          • Others
        • Wheels & Brakes Related
          • Hub Assemblies
          • Master Cylinder
          • Brake Calipers
          • Bearings
        • A/C Compressors
        • Steering
        • Fuel Systems
        • Others
      • By Vehicle Type:
        • Passenger Cars
        • LCV
        • HCV
        • Off-road Vehicles
        • All-Terrain Vehicles
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
        • Engine & Related Parts
          • Turbochargers
          • EGR Valves
          • Carburetors
        • Transmission & Related
          • Clutches
          • Bearings
        • Electrical & Electronics
          • Starters
          • Alternators
          • Others
        • Wheels & Brakes Related
          • Hub Assemblies
          • Master Cylinder
          • Brake Calipers
          • Bearings
        • A/C Compressors
        • Steering
        • Fuel Systems
        • Others
      • By Vehicle Type:
        • Passenger Cars
        • LCV
        • HCV
        • Off-road Vehicles
        • All-Terrain Vehicles
      • By Country:
        • Argentina
        • Brazil
        • Mexico
        • Rest Of Latin America
    • Middle East
        • Engine & Related Parts
          • Turbochargers
          • EGR Valves
          • Carburetors
        • Transmission & Related
          • Clutches
          • Bearings
        • Electrical & Electronics
          • Starters
          • Alternators
          • Others
        • Wheels & Brakes Related
          • Hub Assemblies
          • Master Cylinder
          • Brake Calipers
          • Bearings
        • A/C Compressors
        • Steering
        • Fuel Systems
        • Others
      • By Vehicle Type:
        • Passenger Cars
        • LCV
        • HCV
        • Off-road Vehicles
        • All-Terrain Vehicles
      • By Country:
        • GCC
        • Israel
        • Rest Of Middle East
    • Africa
        • Engine & Related Parts
          • Turbochargers
          • EGR Valves
          • Carburetors
        • Transmission & Related
          • Clutches
          • Bearings
        • Electrical & Electronics
          • Starters
          • Alternators
          • Others
        • Wheels & Brakes Related
          • Hub Assemblies
          • Master Cylinder
          • Brake Calipers
          • Bearings
        • A/C Compressors
        • Steering
        • Fuel Systems
        • Others
      • By Vehicle Type:
        • Passenger Cars
        • LCV
        • HCV
        • Off-road Vehicles
        • All-Terrain Vehicles
      • By Country:
        • Northern Africa
        • Central Africa
        • Rest Of Middle East
  • Company Profiles
    • Valeo SA*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • ZF TRW
    • Carwood Group
    • Robert Bosch GmbH
    • Meritor Inc.
    • Monark Automotive GmbH
    • Budweg Caliper A/S
    • Genuine Parts Company
    • ATC Drivetrain Inc.
    • Maval Manufacturing Inc.
    • Teamec BVBA
    • Motorcar Parts of America, Inc.
    • Jasper Engines and Transmissions

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Component Type
      • Market Snippet, By Vehicle Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
  4. Global Automotive Parts Remanufacturing Market, By Component Type, 2015 –2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025 (%)
      • Segment Trends
    • Engine & Related Parts
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
        • Turbochargers
        • EGR Valves
        • Carburetors
    • Transmission & Related
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
        • Clutches
        • Bearings
    • Electrical & Electronics
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
        • Starters
        • Alternators
        • Others
    • Wheels & Brakes Related
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
        • Hub Assemblies
        • Master Cylinder
        • Brake Calipers
        • Bearings
    • A/C Compressors
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
    • Steering
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
    • Fuel Systems
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
  5. Global Automotive Parts Remanufacturing Market, By Vehicle Type, 2015–2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025 (%)
      • Segment Trends
    • Passenger Cars
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
    • LCV
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
    • HCV
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
    • Off-road vehicles
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
    • All-Terrain Vehicles
      • Introduction
      • Market Size and Forecast, 2015–2025, (US$ Million)
  6. Global Automotive Parts Remanufacturing Market, By Regions, 2015–2025 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2025 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Component Type, 2015–2025 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2015–2025 (US$ Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Component Type, 2015–2025 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2015–2025 (US$ Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Component Type, 2015–2025 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2015–2025 (US$ Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Component Type, 2015–2025 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2015–2025 (US$ Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • Argentina
        • Brazil
        • Mexico
        • Rest Of Latin America
    • Middle East
      • Regional Trends
      • Market Size and Forecast, By Component Type, 2015–2025 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2015–2025 (US$ Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Regional Trends
      • Market Size and Forecast, By Component Type, 2015–2025 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2015–2025 (US$ Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • South Africa
        • Central Africa
        • Northern Africa
  7. Competitive Landscape
    • Company Profiles
      • Valeo SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ZF TRW
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Carwood Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Robert Bosch GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Meritor Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Monark Automotive GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Budweg Caliper A/S
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Genuine Parts Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ATC Drivetrain Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Maval Manufacturing Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Teamec BVBA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Motorcar Parts of America, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Jasper Engines and Transmissions
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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