Dublin, Aug. 06, 2025 (GLOBE NEWSWIRE) -- The "Remanufactured Automotive Parts Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" has been added to ResearchAndMarkets.com's offering.
The Global Remanufactured Automotive Parts Market reached USD 69.8 billion in 2024 and is projected to grow at a CAGR of 7.4% between 2025 and 2034. The demand for remanufactured automotive parts is surging due to technological advancements, environmental benefits, and cost-efficiency.
The rapid integration of automation, digitalization, and material science innovations has revolutionized the remanufacturing process, enhancing product quality and reliability. Modern technology enables remanufacturers to efficiently restore used parts to near-new condition, ensuring optimal performance and longevity. This trend is bolstered by the rising adoption of electric vehicles (EVs) and hybrid models, which rely on sophisticated components. Additionally, stringent government regulations on emissions and sustainability initiatives are pushing automakers to invest in remanufacturing solutions, reinforcing market growth. The increasing availability of high-quality remanufactured parts at competitive prices is influencing consumer purchasing decisions as vehicle owners seek cost-effective and environmentally friendly alternatives to new components.
The remanufactured automotive parts market is segmented into key component categories, including electrical and electronic parts, engines, transmissions, wheels, and brakes. In 2024, the electrical and electronic parts segment held the largest market share, accounting for 30%. The growing reliance on advanced vehicle technologies, such as sensors, electric drivetrains, and infotainment systems, has amplified the demand for remanufactured electrical and electronic components. These components offer a sustainable way to extend the lifespan of vehicle systems while lowering repair and replacement costs. The integration of remanufactured electronics enhances vehicle efficiency and significantly reduces electronic waste, further driving the market forward.
By vehicle type, the remanufactured automotive parts market includes passenger and commercial vehicles. The passenger vehicle segment dominated the market in 2024, securing a 54.6% share. This growth is driven by efforts to extend the longevity of automotive components and reduce the carbon footprint of vehicle production. The increasing adoption of remanufactured starters, alternators, and high-voltage batteries aligns with the industry's transition toward a circular economy, where reusing and refurbishing parts minimize environmental impact and conserve valuable resources. Automakers prioritize sustainable production and repair solutions, accelerating demand for remanufactured parts in the passenger vehicle sector.
North America held a significant 35% share of the remanufactured automotive parts market in 2024, with the U.S. emerging as the dominant contributor. Projections indicate that the U.S. market will reach USD 33 billion by 2034, fueled by an increasing focus on sustainability, cost-effectiveness, and OEM-backed remanufacturing programs. Major automotive manufacturers are expanding their remanufacturing initiatives, offering a diverse range of remanufactured components to cater to rising demand. With stringent environmental policies, a strong aftermarket industry, and growing consumer awareness, North America remains a key region driving the global expansion of the remanufactured automotive parts market.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter's Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
Key Attributes
| Report Attribute | Details |
| No. of Pages | 165 |
| Forecast Period | 2024-2034 |
| Estimated Market Value (USD) in 2024 | $69.8 Billion |
| Forecasted Market Value (USD) by 2034 | $141 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Key Topics Covered
Chapter 1 Methodology & Scope
1.1 Research Design
1.1.1 Research Approach
1.1.2 Data Collection Methods
1.2 Base Estimates & Calculations
1.2.1 Base Year Calculation
1.2.2 Key Trends For Market estimation
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market scope & definition
Chapter 2 Executive Summary
2.1 Industry synopsis, 2021-2034
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Automakers
3.1.2 Third-party remanufacturers
3.1.3 Reverse logistics providers
3.1.4 End use
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Cost breakdown
3.8 Price trend
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Improving remanufacturing processes
3.10.1.2 Stricter environmental policies
3.10.1.3 Growing emphasis on reducing waste
3.10.1.4 Increasing cost savings by using remanufactured parts
3.10.2 Industry pitfalls & challenges
3.10.2.1 Negative consumer perception
3.10.2.2 Supply chain complexity
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, by Component, 2021-2034 ($Bn, Units)
5.1 Key trends
5.2 Electrical and electronic parts
5.3 Engine
5.4 Transmission
5.5 Wheels and brakes
5.6 Others
Chapter 6 Market Estimates & Forecast, by Vehicle, 2021-2034 ($Bn, Units)
6.1 Key trends
6.2 Passenger vehicles
6.2.1 Hatchback
6.2.2 Sedan
6.2.3 SUV
6.3 Commercial vehicles
6.3.1 Light Commercial Vehicles (LCV)
6.3.2 Medium Commercial Vehicles (MCV)
6.3.3 Heavy Commercial Vehicles (HCV)
Chapter 7 Market Estimates & Forecast, by Supply, 2021-2034 ($Bn, Units)
7.1 Key trends
7.2 OEM
7.3 Aftermarket
Chapter 8 Market Estimates & Forecast, by Region, 2021-2034 ($Bn, Units)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 UK
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Russia
8.3.7 Nordics
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Australia
8.4.5 South Korea
8.4.6 Southeast Asia
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Argentina
8.6 MEA
8.6.1 UAE
8.6.2 South Africa
8.6.3 Saudi Arabia
Chapter 9 Company Profiles
9.1 Andre Niermann
9.2 BBB Industries
9.3 BorgWarner
9.4 Bosch
9.5 Cardone
9.6 Carwood
9.7 Caterpillar
9.8 Denso
9.9 Detroit Diesel
9.10 Eaton
9.11 Jasper Engines & Transmissions
9.12 Lucas Electrical
9.13 Marelli
9.14 Maval
9.15 Motorcar Parts of America
9.16 NAPA
9.17 Stellantis
9.18 Teamec
9.19 Valeo
9.20 ZF
For more information about this report visit https://www.researchandmarkets.com/r/x5qej5
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