Remanufactured automotive components market dimension to extend by USD 11,021.22 million from 2022 to 2027: Getting older car fleet to drive progress

NEW YORK, March 21, 2023 /PRNewswire/ — The remanufactured automotive components market dimension is forecasted to extend by USD 11,021.22 million from 2022 to 2027, at a CAGR of three.93%, in accordance with the latest market examine by Technavio. The expansion of the market shall be pushed by the getting old car fleet. The worn parts of a car must be changed for optimum security and luxury. The typical age of autos has elevated, particularly in North America and Europe. The variety of business autos in use can be rising globally. Subsequently, there are numerous alternatives for the suppliers of remanufactured auto components. For extra insights into the market – Obtain a pattern report

The market is segmented by car sort (passenger automobiles and business autos), part (electrical and digital components, engine, transmission, wheels and brakes, and others), and geography (North America, Europe, APAC, South America, and Center East and Africa).

Segmentation by car sort

• The passenger automobiles phase was valued at USD 26,206.32 million in 2017 and continued to develop by 2021. In the course of the forecast interval, this phase will account for a big share of the market progress. The expansion of this phase is attributed to elements such because the rising disposable revenue of the center class. The rising common annual mileage of passenger automobiles and the main target of householders on common upkeep and upgrades will create vital progress alternatives for distributors. The give attention to R&D, testing, and compliance can be rising, which will increase the common life expectancy of passenger autos. These elements are anticipated to drive the expansion of this phase throughout the forecast interval.

Segmentation by geography

• North America is estimated to account for 50% of the expansion of the worldwide market progress throughout the forecast interval. About half of all autos in use within the area are business autos. The expansion of the oil and fuel, agriculture sector, mining, and industrial manufacturing sectors have elevated the demand for business autos in North America. As well as, the car leasing and rental companies within the area are rising quickly. There’s a excessive demand for ride-hailing, car subscription, and car rental and leasing companies within the area owing to supportive authorities insurance policies. These elements will drive the expansion of the market in North America throughout the forecast interval.

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Get a holistic overview of the remanufactured automotive components market by {industry} consultants – Obtain the pattern

Vendor evaluation

Technavio has extensively analyzed 15 main distributors, together with Aer Manufacturing LP, Andre Niermann, ATC Drivetrain, BBB Industries LLC, Borg Automotive AS, Cardone Industries Inc., Caterpillar Inc., Detroit Diesel Corp., Ford Motor Co., Jasper Engines and Transmissions, Marshalls Automotive Machine Inc., Motorcar Components of America Inc., Renault SAS, Robert Bosch GmbH, Customary Motor Merchandise Inc., Tata Motors Ltd., Teamec BVBA, Toyota Motor Corp., Volkswagen AG, and ZF Friedrichshafen AG

Key advantages for {industry} gamers & stakeholders – 

• The report gives data on the criticality of vendor inputs, together with R&D, CAPEX, and know-how.

• It additionally supplies detailed analyses of the market’s aggressive panorama and distributors’ product choices.

• The report additionally supplies a qualitative and quantitative evaluation of distributors to assist purchasers perceive the broader enterprise setting in addition to the strengths and weaknesses of key market gamers. Information is qualitatively analyzed to categorize distributors as pure play, category-focused, industry-focused, and diversified; it’s quantitatively analyzed to categorize distributors as dominant, main, robust, tentative, and weak.

Increase operations sooner or later – To get requisite particulars, ask for a customized report.

What are the important thing information coated on this remanufactured automotive components market report?

• CAGR of the market throughout the forecast interval

• Detailed data on elements that may drive the expansion of the remanufactured automotive components market between 2023 and 2027

• Exact estimation of the scale of the remanufactured automotive components market and its contribution to the dad or mum market

• Correct predictions about upcoming developments and modifications in shopper conduct

• Progress of the remanufactured automotive components market throughout North America, Europe, APAC, South America, and Center East and Africa

• A radical evaluation of the market’s aggressive panorama and detailed details about distributors

• Complete evaluation of things that may problem the expansion of remanufactured automotive components market distributors

What’s New?

• Particular protection on the Russia–Ukraine struggle; world inflation; restoration evaluation from COVID-19; provide chain disruptions, world commerce tensions; and danger of recession

• International competitiveness and key competitor positions

• Market presence throughout a number of geographical footprints – Sturdy/lively/area of interest/trivial – Purchase the report!

Associated Reviews:

Automotive Service Market by Sort, Automobile Sort, and Geography – Forecast and Evaluation 2023-2027 – The automotive service market is estimated to develop at a CAGR of seven.65% between 2022 and 2027. The scale of the market is forecasted to extend by USD 351.69 billion. This report extensively covers market segmentation by sort (mechanical companies, exterior and structural companies, and upkeep companies), car sort (passenger automobiles, gentle business autos, two-wheelers, and heavy business autos), and geography (North America, APAC, Europe, South America, and Center East and Africa).

Automotive Aftermarket Market by Automobile Sort, Distribution Channel, and Geography – Forecast and Evaluation 2023-2027 – The automotive aftermarket market is estimated to develop at a CAGR of 6.26% between 2022 and 2027. The scale of the market is forecasted to extend by USD 164.58 billion. This report extensively covers market segmentation by car sort (passenger automobiles and business autos), distribution channel (retailer, wholesale, and distribution), and geography (APAC, Europe, North America, South America, and Center East and Africa).

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Desk of contents

1 Govt Abstract

2 Market Panorama

3 Market Sizing

4 Historic Market Dimension

5 5 Forces Evaluation

6 Market Segmentation by Automobile Sort

7 Market Segmentation by Element

8 Buyer Panorama

9 Geographic Panorama

10 Drivers, Challenges, and Tendencies

11 Vendor Panorama

12 Vendor Evaluation

13 Appendix

About Us

Technavio is a number one world know-how analysis and advisory firm. Their analysis and evaluation give attention to rising market developments and supply actionable insights to assist companies determine market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 stories and counting, masking 800 applied sciences, spanning throughout 50 nations. Their shopper base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising shopper base depends on Technavio’s complete protection, in depth analysis, and actionable market insights to determine alternatives in current and potential markets and assess their aggressive positions inside altering market eventualities.

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SOURCE Technavio