The Automotive Parts Remanufacturing Market, estimated at USD 78.09 Bn in 2025, is expected to exhibit a CAGR of 8.7% and reach USD 140.02 Bn by 2032.
The market growth is fueled by the increasing demand for intelligent, connected, and sustainable transportation solutions, along with shifting mobility trends and wider adoption across passenger and commercial segments. Innovations in vehicle connectivity, automation, and electrification, supported by strategic investments, are enhancing safety, efficiency, and user experience. Furthermore, favorable government policies, rapid infrastructure upgrades, and the push toward greener mobility are accelerating market expansion and unlocking new growth avenues for industry participants.
Global Automotive Parts Remanufacturing Market: Recent Developments
In February 2021, Cardone Industries reported that it had expanded its creation limit with regards to new window lift engine and controller gathering and other remanufacturing programs. The company wanted to give its customers a wider range of products.
In April 2022, Treharne Automotive Engineering and its group companies were acquired by ATC Drivetrain. It is a company with headquarters in the United Kingdom that focuses on automotive engineering and management, recycling, and diagnostic and test equipment for powertrain systems. The company wanted to expand its product lines in the electrification sector of the automotive industry.
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