DUBLIN, May 29, 2023 /PRNewswire/ — The “Automotive Parts Remanufacturing: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offers.
Global Automotive Parts Remanufacturing Market to Reach $85.5 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Automotive Parts Remanufacturing estimated at US$60.2 Billion in the year 2022, is projected to reach a revised size of US$85.5 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Engine & Related Parts, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$25.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Transmission segment is readjusted to a revised 4.1% CAGR for the next 8-year period.
The US Market is Estimated at $16.4 BillionWhile China is Forecast to Grow at 7.6% CAGR
The Automotive Parts Remanufacturing market in the US is estimated at US$16.4 Billion in the year 2022. Chinathe world’s second largest economy, is forecast to reach a projected market size of US$18.2 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are japan and Canada, each forecast to grow at 1.4% and 5% respectively over the 2022-2030 period. Within europe, Germany is forecast to grow at approximately 2.3% CAGR. Led by countries such as Australia, Indiaand South Koreathe market in Asia-Pacific is forecast to reach US$11.5 Billion by the year 2030.
Select Competitors (Total 23 Featured) –
- Andre Niemann
- ATC Drivetrain Inc.
- BORG Automotive A/S
- Cardone Industries, Inc.
- Caterpillar, Inc.
- Detroit Diesel Remanufacturing LLC
- Genuine Parts Company
- Jasper Engines and Transmissions
- Motorcar Parts of America, Inc.
- Robert Bosch GmbH
- Standard Motor Products Inc.
- Teamec BVBA
- ZF Friedrichshafen AG
What`s New for 2023?
- Special coverage on Russia–Ukrainian war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complementary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Automotive Parts Remanufacturing – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITIONS
A selection of companies mentioned in this report includes
- Andre Niemann
- ATC Drivetrain Inc.
- BORG Automotive A/S
- Cardone Industries, Inc.
- Caterpillar, Inc.
- Detroit Diesel Remanufacturing LLC
- Genuine Parts Company
- Jasper Engines and Transmissions
- Motorcar Parts of America, Inc.
- Robert Bosch GmbH
- Standard Motor Products Inc.
- Teamec BVBA
- ZF Friedrichshafen AG
For more information about this report visit https://www.researchandmarkets.com/r/kcdv2m
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura WoodSenior Manager
[email protected]
For EST Office Hours Call +1-917-300-0470
For US/CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
US Fax: 646-607-1907
Fax (outside US): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/automotive-parts-remanufacturing-global-market-report-2023-sector-to-reach-85-5-billion-by-2030-at- a-4-5-cagr-301836594.html
SOURCE Research and Markets