The automotive parts remanufacturing market was valued at US$ 89,115.4 million in 2016 and is projected to reach US$ 157,192.1 million by 2025 exhibiting a CAGR of 6.1% over the forecast period, according to Global Automotive Parts Remanufacturing Market Report, 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), published by Coherent Market Insights.
Global automotive parts remanufacturing market is expected to exhibit significant growth with the increasing manufacturing costs of the original equipment manufacturing, and their increasing carbon footprint over the environment through increased energy requirements, emission, and resource availability. Considerable price reduction of the equipment with specifications similar to the original components will be among the major factors that is expected to drive the industry growth.
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Browse 60 market data tables* and 40 figures* on "Global Automotive Parts Remanufacturing Market” - Global forecast to 2025.
Key Trends and Analysis of the Global Automotive Parts Remanufacturing Market:
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