According to a new market research report published by Credence Research “Automotive Parts remanufacturing Market (By Type: Remanufacturing With Identity Loss, Remanufacturing Without Identity Loss and Remanufacturing by Recoating Worn Parts; By Component: Mechanical, Electrical and Others) – Growth, Future Prospects, and Competitive Landscape, 2017-2025”, automotive parts remanufacturing market was valued at US$ 33.16 Bn in 2016 and is estimated to grow at a CAGR of 6.6% from 2017 to 2025.
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Remanufacturing of automotive components is a form of the recovery process to remanufacture a machine part or component that would match the customer’s expectation as a replacement. Automotive parts remanufacturing offers a variety of benefits to the modern day automobile industry. Economic benefits for both remanufacturing companies as well as the customers are considered as the biggest driver for the overall automotive parts remanufacturing market. Remanufacturing aids in reducing cost pertaining to major parameters such as material, machining, production time, energy, fuel and labor costs, among other. In addition, present-day automobiles are made flexible in a way so that they can easily incorporate remanufactured parts without affecting the performance of the vehicle. The aforementioned factors have created a positive impact on the demand for remanufactured automotive parts. Consequently, the demand for remanufactured automotive parts is expected to grow consistently throughout the forecast period.
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Analysis of trends in the global Salicylic Acid industry and interest for Salicylic Acid in various regions, including Asia-Pacific, Europe, and North America
Market size and value of Salicylic Acid used for commercial Salicylic Acid from 2011 to 2017 and forecast for eight years up until 2025
The qualitative study of drivers and limitations of Automotive Parts Remanufacturing Market
Key players in the global Automotive Parts Remanufacturing Market Include Caterpillar Inc., Robert Bosch GmbH, ZF Friedrichshafen AG, BORG Automotive A/S, Detroit Diesel Corporation, Motorcar Parts of America, Inc., Marshall Engines, Standard Motor Products Inc., Cardone Industries Inc., Genuine Parts Company, Maval Manufacturing Inc., ATC Drivetrain Inc., Teamec BVBA, Ander Niermann, and Jasper Engines and Transmissions.
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Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
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