Market Overview:
The global automobile remanufacturing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles, rising awareness about environmental concerns, and stringent government regulations mandating vehicle recycling and reuse. The global automobile remanufacturing market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into engine, transmission, starter generator set (SGS), brake system & other components. The engine segment accounts for a major share of the global automotive remanufacturing market due to its high demand in commercial vehicles as well as passenger cars. On account of growing environmental concerns and stringent government regulations mandating vehicle recycling and reuse across different geographies; there has been an increase in demand for SGS globally over traditional automotive parts such as engines & transmissions which are usually recycled or disposed off after use . On application basis ,the commercial car segment dominates th e overall autom otive r emanufacturing m arket followed by personal care owing t o their higher sales volumes across different regions . I n terms o f regi onal distribution , North America leads t he overall automotive rem anufacturi ng m arket with Europe closely following suit .
Product Definition:
The process of repairing, remanufacturing, and reconditioning automobiles to extend their life span and improve their performance.
Engine:
The engine is the most important part of automobile. It is used in all types of automobiles such as passenger cars, light commercial vehicles, and heavy commercial vehicles. The growth factor for the market can be attributed to increase in demand for remanufacturing or recycled automotive parts which are made using new parts and scrap material. In addition, growing environmental concerns regarding use of virgin materials for manufacturing automotive components will drive market growth over the forecast period.
Transmission:
Transmission is the mechanism that allows engine to communicate with drivetrain. There are two types of transmissions, manual and automatic. Manual transmission can be operated by foot clutch pedal and gear stick while automatic requires no additional operation apart from pressing brake/gas pedal to initiate action.
The automotive industry has witnessed a significant change over the past few years in terms of technology used for vehicle manufacturing as well as driving experience offered by them.
Application Insights:
The commercial car application segment led the global automobile remanufacturing market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for passenger cars for work use by professionals, especially in developing countries like India and China. Moreover, growing preference for second-hand vehicles owing to low cost availability is expected to augment demand over the forecast period.
Personal car applications accounted for a significant share of the overall revenue in 2017 due largely to rising per capita income coupled with easy access of consumers towards second-hand vehicle purchase options as compared new vehicle purchase options mainly through cash on delivery or pay later schemes popularly known as e-commerce platforms globally thereby supporting further industry expansion during the estimated time frame.
Regional Analysis:
Asia Pacific accounted for the largest share of over 45% in 2017. The region is expected to witness significant growth in terms of automotive remanufacturing due to increasing demand from developing countries such as India and China. Factors such as low labor cost, availability of skilled workforce, and proximity to raw material suppliers are anticipated to drive the market growth over the forecast period.
The growing population in Asia Pacific has led to an increase in automobile sales which has resulted into a rise in demand for remanufactured parts across this region.
Growth Factors:
- Increasing demand for automobiles: The global automobile industry is growing at a fast pace. This is driving the demand for automobile remanufacturing services as well.
- Rising awareness about the benefits of remanufactured parts: There is a growing awareness among consumers about the benefits of using remanufactured parts in automobiles. This is helping to drive the growth of the automotive remanufacturing market.
- Technological advancements: The automotive remanufacturing market is benefiting from technological advancements that are making it easier and more efficient to recycle and reuse parts in automobiles.
- Growing environmental concerns: There is an increasing focus on reducing environmental pollution, which is driving the growth of the automotive recycling and reuse market, including the automotive remanufacturing market segment thereof. 5) Regulatory support: Governments around the world are providing regulatory support to promote environmentally friendly practices such as recycling and reuse, which is aiding inthe growth oftheautomotiveremanufac turingmarket
Scope Of The Report
Report Attributes
Report Details
Report Title
Automobile Remanufacturing Market Research Report
By Type
Engine, Transmission, Starter, Generator, Other
By Application
Commercial Car, Personal Car
By Companies
Faw Group, Anhui Jianghuai Automobile Group, Shanghai Dazhong Allied Developing, JATCO, BMW, Toyota, Lucas, Jasper, Volvo Cars, Caterpillar, Japan Rebuit, Meritor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Automobile Remanufacturing Market Report Segments:
The global Automobile Remanufacturing market is segmented on the basis of:
Types
Engine, Transmission, Starter, Generator, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Car, Personal Car
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Faw Group
- Anhui Jianghuai Automobile Group
- Shanghai Dazhong Allied Developing
- JATCO
- BMW
- Toyota
- Lucas
- Jasper
- Volvo Cars
- Caterpillar
- Japan Rebuit
- Meritor
Highlights of The Automobile Remanufacturing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Engine
- Transmission
- Starter
- Generator
- Other
- By Application:
- Commercial Car
- Personal Car
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automobile Remanufacturing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automobile Remanufacturing is the process of restoring or rebuilding an older car to its original specifications. This can include everything from fixing dents and scratches to replacing worn parts like engines, transmissions, and brakes.
Some of the major companies in the automobile remanufacturing market are Faw Group, Anhui Jianghuai Automobile Group, Shanghai Dazhong Allied Developing, JATCO, BMW, Toyota, Lucas, Jasper, Volvo Cars, Caterpillar, Japan Rebuit, Meritor.
The automobile remanufacturing market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automobile Remanufacturing Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automobile Remanufacturing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automobile Remanufacturing Market - Supply Chain
4.5. Global Automobile Remanufacturing Market Forecast
4.5.1. Automobile Remanufacturing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automobile Remanufacturing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Automobile Remanufacturing Market Absolute $ Opportunity
5. Global Automobile Remanufacturing Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Automobile Remanufacturing Market Size and Volume Forecast by Type
5.3.1. Engine
5.3.2. Transmission
5.3.3. Starter
5.3.4. Generator
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Automobile Remanufacturing Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Automobile Remanufacturing Market Size and Volume Forecast by Application
6.3.1. Commercial Car
6.3.2. Personal Car
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Automobile Remanufacturing Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Automobile Remanufacturing Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Automobile Remanufacturing Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Automobile Remanufacturing Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Automobile Remanufacturing Demand Share Forecast, 2019-2026
9. North America Automobile Remanufacturing Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Automobile Remanufacturing Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Automobile Remanufacturing Market Size and Volume Forecast by Application
9.4.1. Commercial Car
9.4.2. Personal Car
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Automobile Remanufacturing Market Size and Volume Forecast by Type
9.7.1. Engine
9.7.2. Transmission
9.7.3. Starter
9.7.4. Generator
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Automobile Remanufacturing Demand Share Forecast, 2019-2026
10. Latin America Automobile Remanufacturing Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Automobile Remanufacturing Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Automobile Remanufacturing Market Size and Volume Forecast by Application
10.4.1. Commercial Car
10.4.2. Personal Car
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Automobile Remanufacturing Market Size and Volume Forecast by Type
10.7.1. Engine
10.7.2. Transmission
10.7.3. Starter
10.7.4. Generator
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Automobile Remanufacturing Demand Share Forecast, 2019-2026
11. Europe Automobile Remanufacturing Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Automobile Remanufacturing Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Automobile Remanufacturing Market Size and Volume Forecast by Application
11.4.1. Commercial Car
11.4.2. Personal Car
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Automobile Remanufacturing Market Size and Volume Forecast by Type
11.7.1. Engine
11.7.2. Transmission
11.7.3. Starter
11.7.4. Generator
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Automobile Remanufacturing Demand Share, 2019-2026
12. Asia Pacific Automobile Remanufacturing Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Automobile Remanufacturing Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Automobile Remanufacturing Market Size and Volume Forecast by Application
12.4.1. Commercial Car
12.4.2. Personal Car
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Automobile Remanufacturing Market Size and Volume Forecast by Type
12.7.1. Engine
12.7.2. Transmission
12.7.3. Starter
12.7.4. Generator
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Automobile Remanufacturing Demand Share, 2019-2026
13. Middle East & Africa Automobile Remanufacturing Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Automobile Remanufacturing Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Automobile Remanufacturing Market Size and Volume Forecast by Application
13.4.1. Commercial Car
13.4.2. Personal Car
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Automobile Remanufacturing Market Size and Volume Forecast by Type
13.7.1. Engine
13.7.2. Transmission
13.7.3. Starter
13.7.4. Generator
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Automobile Remanufacturing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Automobile Remanufacturing Market: Market Share Analysis
14.2. Automobile Remanufacturing Distributors and Customers
14.3. Automobile Remanufacturing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Faw Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Anhui Jianghuai Automobile Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shanghai Dazhong Allied Developing
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JATCO
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BMW
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Toyota
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lucas
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jasper
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Volvo Cars
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Caterpillar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Japan Rebuit
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Meritor
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
