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Automotive Parts Remanufacturing - Market Analysis, Trends, and Forecasts

  • ID: 1206746
  • Report
  • February 2020
  • Region: Global
  • 278 Pages
  • Global Industry Analysts, Inc
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Automotive Parts Remanufacturing market worldwide is projected to grow by US$30 Billion, driven by a compounded growth of 6.8%. Engine & Related Parts, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$24 Billion by the year 2025, Engine & Related Parts will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.1 Billion to the region's size and clout in the next 5 to 6 years. Over US$899.3 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Engine & Related Parts will reach a market size of US$937 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 10.1% over the next couple of years and add approximately US$8.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • Andre Niermann
  • ATC Drivetrain Inc.
  • BORG Automotive A/S
  • Cardone Industries, Inc.
  • Caterpillar, Inc.
  • Detroit Diesel Remanufacturing LLC
  • Genuine Parts Company
  • Jasper Engines and Transmissions
  • Marshall Engines Inc.
  • Motorcar Parts of America, Inc.
  • Remy Power Products, LLC
  • Robert Bosch GmbH
  • Standard Motor Products Inc.
  • Teamec BVBA
  • ZF Friedrichshafen AG
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Introductory Prelude

Recent Market Activity

Environmental Concerns Drive Auto Industry’s Focus on Remanufactured Parts

Environmental Issues Posed by Reckless Dumping of End of Life Automobile Parts to Drive Business Case for Remanufactured Products

Economic Benefits: An Unassailable Business Case for Remanufactured Auto Products

Remanufactured Auto Parts - Fairly Resilient Against Periods of Economic Slowdown

Outlook

Competition: A Review

Market Consolidates with High M&A Activity

Manufacturers Increasingly Doubling Up as Remanufacturers

OEMs Resort to Remanufacturing as a Strategy to Deter Competition

Remanufacturers from Emerging Markets Intensify Competition

Bargaining Power Tilts in Favor of Distributors - A Major Concern for Auto Remanufacturers

Global Competitor Market Shares

Automotive Parts Remanufacturing Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

Andre Niermann (Germany)

ATC Drivetrain Inc. (USA)

ATSCO Remanufacturing Inc. (USA)

BORG Automotive A/S (Denmark)

Cardone Industries, Inc. (USA)

Caterpillar, Inc. (USA)

Detroit Diesel Remanufacturing LLC (USA)

Genuine Parts Company (USA)

Jasper Engines and Transmissions (USA)

Marshall Engines Inc. (USA)

Motorcar Parts of America, Inc. (USA)

Remy Power Products, LLC (USA)

Robert Bosch GmbH (Germany)

Standard Motor Products Inc. (USA)

Teamec BVBA (Belgium)

ZF Friedrichshafen AG (Germany)

3. MARKET TRENDS & DRIVERS

Expanding Global Vehicle Fleet and Sustained Automotive Production Secures Market Future

Opportunity Indicators

Large Global Base of Vehicle Fleet Offers Potential for Replacements

Global Vehicles in Operation - An Overview

Chinese Vehicles in Operation Increasing

Low Pump Prices Encourage People to Drive More

Road Conditions Drive Frequent Repairs in Emerging Markets

Rising Average Vehicle Life Drive Demand for Remanufactured Auto Parts

Opportunity Indicators

Developing Countries - Hotspots for Growth

Outsourcing Bug Infects Remanufacturing Industry

Demand for Engines - A Mixed Bag

Remanufactured Transmissions Market Remains Fairly Steady

Remanufactured Starters & Alternators Continue to Find Significant Demand

Aggressive Pricing and Product Positioning Strategy to Help Sustain Demand for Remanufactured ECUs

Rack and Pinion Market Stays Afloat

Transition towards Circular Approach Emphasizes the Need for Remanufacturing

Automotive Manufacturers & Their Remanufacturing Efforts

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Automotive Parts Remanufacturing Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Automotive Parts Remanufacturing Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 88

Note: Product cover images may vary from those shown
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