Global Automotive Parts Remanufacturing
Market Report
2025
The global Automotive Parts Remanufacturing Market size will be USD 66142.2 million in 2024. Growing adoption of smart features in automobiles and advances in technology is expected to boost sales to USD 133049.90 million by 2031, with a Compound Annual Growth Rate (CAGR) of 10.50% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Automotive Parts Remanufacturing Market Report 2025.
According to Cognitive Market Research, the global Automotive Parts Remanufacturing Market size will be USD 66142.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.50% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
---|---|---|---|---|---|
Global Automotive Parts Remanufacturing Market Sales Revenue | $ 66142.2 Million | 121212 | 121212 | 121212 | 10.5% |
North America Automotive Parts Remanufacturing Market Sales Revenue | $ 26456.9 Million | 121212 | 121212 | 121212 | 8.7% |
Mexico Automotive Parts Remanufacturing Market Sales Revenue | $ 2407.58 Million | 121212 | 121212 | 121212 | 9.2% |
Canada Automotive Parts Remanufacturing Market Sales Revenue | $ 3174.83 Million | 121212 | 121212 | 121212 | 9.5% |
United States Automotive Parts Remanufacturing Market Sales Revenue | $ 20874.5 Million | 121212 | 121212 | 121212 | 8.5% |
Europe Automotive Parts Remanufacturing Market Sales Revenue | $ 19842.7 Million | 121212 | 121212 | 121212 | 9% |
Italy Automotive Parts Remanufacturing Market Sales Revenue | $ 1706.47 Million | 121212 | 121212 | 121212 | 8.4% |
Germany Automotive Parts Remanufacturing Market Sales Revenue | $ 3928.85 Million | 121212 | 121212 | 121212 | 9.2% |
France Automotive Parts Remanufacturing Market Sales Revenue | $ 1825.52 Million | 121212 | 121212 | 121212 | 8.2% |
Spain Automotive Parts Remanufacturing Market Sales Revenue | $ 1627.1 Million | 121212 | 121212 | 121212 | 8.1% |
United Kingdom Automotive Parts Remanufacturing Market Sales Revenue | $ 3333.57 Million | 121212 | 121212 | 121212 | 9.8% |
Russia Automotive Parts Remanufacturing Market Sales Revenue | $ 3075.61 Million | 121212 | 121212 | 121212 | 8% |
Rest of Europe Automotive Parts Remanufacturing Market Sales Revenue | $ 3075.61 Million | 121212 | 121212 | 121212 | 7.7% |
Asia Pacific Automotive Parts Remanufacturing Market Sales Revenue | $ 15212.7 Million | 121212 | 121212 | 121212 | 12.5% |
China Automotive Parts Remanufacturing Market Sales Revenue | $ 6845.72 Million | 121212 | 121212 | 121212 | 12% |
Australia Automotive Parts Remanufacturing Market Sales Revenue | $ 791.06 Million | 121212 | 121212 | 121212 | 12.2% |
India Automotive Parts Remanufacturing Market Sales Revenue | $ 1825.52 Million | 121212 | 121212 | 121212 | 14.3% |
Korea Automotive Parts Remanufacturing Market Sales Revenue | $ 1521.27 Million | 121212 | 121212 | 121212 | 11.6% |
Japan Automotive Parts Remanufacturing Market Sales Revenue | $ 2099.35 Million | 121212 | 121212 | 121212 | 11% |
Rest of APAC Automotive Parts Remanufacturing Market Sales Revenue | $ 1080.1 Million | 121212 | 121212 | 121212 | 12.3% |
South America Automotive Parts Remanufacturing Market Sales Revenue | $ 3307.11 Million | 121212 | 121212 | 121212 | 9.9% |
Colombia Automotive Parts Remanufacturing Market Sales Revenue | $ 294.33 Million | 121212 | 121212 | 121212 | 9.7% |
Argentina Automotive Parts Remanufacturing Market Sales Revenue | $ 555.59 Million | 121212 | 121212 | 121212 | 10.8% |
Brazil Automotive Parts Remanufacturing Market Sales Revenue | $ 1415.44 Million | 121212 | 121212 | 121212 | 10.5% |
Chile Automotive Parts Remanufacturing Market Sales Revenue | $ 238.11 Million | 121212 | 121212 | 121212 | 10.2% |
Peru Automotive Parts Remanufacturing Market Sales Revenue | $ 271.18 Million | 121212 | 121212 | 121212 | 10.1% |
Rest of South America Automotive Parts Remanufacturing Market Sales Revenue | $ 532.44 Million | 121212 | 121212 | 121212 | 9% |
Middle East Automotive Parts Remanufacturing Market Sales Revenue | $ 1322.84 Million | 121212 | 121212 | 121212 | 10.2% |
Egypt Automotive Parts Remanufacturing Market Sales Revenue | $ 138.9 Million | 121212 | 121212 | 121212 | 10.5% |
Turkey Automotive Parts Remanufacturing Market Sales Revenue | $ 113.76 Million | 121212 | 121212 | 121212 | 9.7% |
Rest of MEA Automotive Parts Remanufacturing Market Sales Revenue | $ 156.1 Million | 121212 | 121212 | 121212 | 9.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Components |
|
Market Split by Vehicle Type |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Market Drivers:
| |
Market Restrains:
| |
Market Trends:
|
Report scope is customizable as we have a huge database of Automotive Parts Remanufacturing industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Parts Remanufacturing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The rebuilding of automobile parts and equipment to their original design standards using recycled, repaired, and new components is known as the global automotive parts remanufacturing industry. The worn-out and obsolete "core" components of these processes must be replaced or repaired. A wide range of engine and related parts, gearbox and related parts, brakes, wheels, compressors, steering, fuel systems, and many more are among the components that can be rebuilt. Remanufactured parts satisfy a comparable criteria for the original component. It is restored using standardized industrial methods in accordance with particular technical criteria, starting with an existing used part. The same warranty that applies to new components is also offered to all remanufactured parts and equipment. The market is being driven by two primary factors: cheap cost of production and the desire to choose remanufacturing technologies due to the increasing awareness of environmental problems.
In November 2022, to accelerate the remanufacturing process's adoption and raise awareness of its advantages, Denso Corporation announced the launch of its program in Europe. (Source: https://www.denso-am.eu/news/denso-brings-its-remanufacturing-programme-into-the-limelight-2-2)
The global manufacturing sector is always changing as a result of the old and advanced materials, methods, and resources being combined. Automation and materials science-related technology advancements have been key drivers of this manufacturing transformation. Known as 3DP, 3D printing is anticipated to completely transform the world's manufacturing sector during the course of the market projection. Moreover, the global automotive sector is anticipated to experience a paradigm shift in production due to the utilization of 3D printing and augmented and virtual reality. Currently, 3D printing is only used to produce small parts in series. This is mostly because 3D printers are expensive, print at a slow pace, and have poorly optimized software. However, because of advancements in software integration, quicker printing rates, and steadily declining costs for 3D printing equipment, it is anticipated that 3D printing will change the worldwide automobile sector throughout the projected period.
Original equipment manufacturers' (OEM) and aftermarket car parts are very costly. The price of producing additional components also raises the final product's total cost. Remanufactured products, on the other hand, have low production costs and provide durability and quality comparable to original equipment, which lowers the overall cost of the product. For this reason, installing refurbished parts rather than new ones is more common in poor economies. Car parts that have been remanufactured often cost 20–50% less than new ones. It is also expected that this element will fuel market expansion.
Remanufactured vehicle parts are just as high-quality as original equipment. The government's lack of efforts in marketing and implementing remanufactured products often results in the underutilization of the potential of the remanufactured parts business. Customers in developing and undeveloped nations may not be aware of the financial and environmental advantages of remanufactured items, which could impede market expansion throughout the projected time. The main factors limiting the global automotive parts remanufacturing market during the projection period are a lack of experienced workforce and high investment costs for these advanced technological prospects.
Covid-19 had a significant impact on the Automotive Parts Remanufacturing Market. The COVID-19 pandemic's effects on the global economy also affect the auto industry. Manufacturers face difficulties as a result of the disruption in the product supply chain, which will impede the market's projected expansion. However, since the world is gradually recovering from the pandemic, a renewed focus is being put on sustainability and electric vehicles. This has opened up avenues for the Automotive Parts Remanufacturing Market to pick up, get stronger, and move ahead. More automotive conscious customers now reach out to electric vehicle options, thereby pushing the market into recovery and future growth.
We have various report editions of Automotive Parts Remanufacturing Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In the Automotive Parts Remanufacturing Market's competitive landscape, numerous key competitors are driving innovation and growth. The companies are concentrating on creating efficient and sustainable remanufacturing procedures for vehicle parts. Additionally, they are creating methods for automobile remanufacturing EV components like batteries and drivetrains. Market rivalry is encouraging technological and design innovations to create Automotive Parts Remanufacturing that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.
In September 2022, Stellantis declared that it will invest over $10 million to build an Italian automobile remanufacturing facility. Additionally, the business declared that Mirafiori Complex would concentrate on environmentally friendly manufacturing facilities, such as those for car disassembly, reconditioning, and part remanufacturing. (Source: https://www.stellantis.com/en/news/press-releases/2022/september/stellantis-invests-in-italian-industrial-footprint-transformation-to-develop-sustainable-activity) In January 2024, Rolls-Royce Power Systems Division announced the opening of a remanufacturing and overhaul center on the MTU Aiken campus in South Carolina in the United States. The new facility, which incurred costs in the low double digits of millions of dollars, is seamlessly integrated with existing manufacturing operations. It aligns with the business's sustainability strategy and service initiatives. (Source: https://www.rolls-royce.com/media/press-releases/2024/24-01-2024-rr-opens-mtu-remanufacturing-and-overhaul-center-in-us.aspx) In February 2021, Cardone Industries declared that it has expanded its manufacturing capacity to accommodate new regulator and window lift motor assembly as well as other remanufacturing initiatives. The company aimed to provide a more varied range of products to its customers. (Source: https://www.cardone.com/blog/cardone-doubles-its-new-window-lift-motor-assembly-program/)
Top Companies Market Share in Automotive Parts Remanufacturing Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America currently dominates the Automotive Parts Remanufacturing market, and the region is expected to have significant growth during the projected period. This is due to the region's growing popularity of electric vehicles and existence of prominent companies and firmly established automotive aftermarkets.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The rising demand for reasonably priced remanufactured auto parts in Asia Pacific's developing nations is driving the market. Remanufacturing EV batteries and drivetrains has become more popular as a result, which could spur more market expansion in the years to come.
The current report Scope analyzes Automotive Parts Remanufacturing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
According to Cognitive Market Research, the global Automotive Parts Remanufacturing Market size was estimated at USD 66142.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 26456.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
According to Cognitive Market Research, the global Automotive Parts Remanufacturing Market size was estimated at USD 66142.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 19842.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
According to Cognitive Market Research, the global Automotive Parts Remanufacturing Market size was estimated at USD 66142.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 15212.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2031.
According to Cognitive Market Research, the global Automotive Parts Remanufacturing Market size was estimated at USD 66142.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 3307.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.
According to Cognitive Market Research, the global Automotive Parts Remanufacturing Market size was estimated at USD 66142.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1322.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031..
Global Automotive Parts Remanufacturing Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Parts Remanufacturing Industry growth. Automotive Parts Remanufacturing market has been segmented with the help of its Components, Vehicle Type , and others. Automotive Parts Remanufacturing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, engine & related parts are likely to dominate the Automotive Parts Remanufacturing Market over the forecast period. There is increased wear and damage to the engine and its connected parts. For this reason, compared to other vehicle parts, components including drive belts, oil filters, and air filters require more regular replacements. To meet the growing demand from customers, the majority of the top aftermarket companies are concentrating on remanufacturing engine-related parts.
The electrical & electronics is the fastest-growing segment in the Automotive Parts Remanufacturing Market. It is projected that the growing trend of vehicle electrification and manufacturers' emphasis on providing innovative EV remanufacturing solutions will drive the segment's expansion. This creates essentially compelling products for those seeking a premium quality and sustainable alternative to traditional ones.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Parts Remanufacturing Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the passenger cars segment holds the largest share of the market. The expansion of the market is being accelerated by the increasing number of passenger cars on the road globally and rising auto sales combined with EV adoption in the global auto sector.
In the Automotive Parts Remanufacturing Market, the commercial vehicles has been expanding at a rapid pace. In order to maintain efficient fleet operations, there will likely be a greater need for auto parts replacement and routine maintenance in commercial vehicle fleets, which will drive segment expansion in the future years.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Research Associate at Cognitive Market Research
Sumedha Gosavi is a Research Analyst with a specialized focus on the automobile and transportation sectors. With over two years of experience, she excels in conducting in-depth secondary research, competitive analysis, and market forecasting to deliver actionable insights that drive strategic decision-making.
In her current role, Sumedha leads research initiatives in the dynamic fields of automotive and transportation, identifying key trends, technological advancements, and market opportunities. Her ability to craft tailored research methodologies and distill complex data into clear, impactful strategies has been instrumental in enhancing her organization’s competitive edge.
With a deep passion for innovation in mobility and a commitment to continuous learning, Sumedha remains at the forefront of industry developments. Her expertise and analytical acumen make her an invaluable asset in navigating the ever evolving landscape of automobile and transportation research.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Components | Engine & Related Parts, Turbocharger, Engine, Carburetors & Others, Transmission & Others, Gearbox, Clutches, Other transmission components, Electrical & Electronics, Starters, Alternators, Others, Wheels & Brakes, Hub Assemblies, Master Cylinders, Brake Calipers, Bearings, A/C Compressors, Steering, Fuel systems, Others |
Vehicle Type | Passenger Cars, Lcvs, HCVs, Off Road Vehicles, All-Terrain Vehicle |
List of Competitors | Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Valeo (France), CARDONE Industries (U.S.), ATC Drivetrain (U.S.), Carwood Group (England), Caterpillar (U.S.), Borg Automotive (Denmark), BBB Industries (U.S) |
This chapter will help you gain GLOBAL Market Analysis of Automotive Parts Remanufacturing. Further deep in this chapter, you will be able to review Global Automotive Parts Remanufacturing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Automotive Parts Remanufacturing. Further deep in this chapter, you will be able to review North America Automotive Parts Remanufacturing Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Automotive Parts Remanufacturing. Further deep in this chapter, you will be able to review Europe Automotive Parts Remanufacturing Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Automotive Parts Remanufacturing. Further deep in this chapter, you will be able to review Asia Pacific Automotive Parts Remanufacturing Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Automotive Parts Remanufacturing. Further deep in this chapter, you will be able to review South America Automotive Parts Remanufacturing Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Automotive Parts Remanufacturing. Further deep in this chapter, you will be able to review Middle East Automotive Parts Remanufacturing Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Automotive Parts Remanufacturing. Further deep in this chapter, you will be able to review Middle East Automotive Parts Remanufacturing Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Automotive Parts Remanufacturing. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Components Analysis 2019 -2031, will provide market size split by Components. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Components Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Vehicle Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Parts Remanufacturing market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Engine & Related Parts have a significant impact on Automotive Parts Remanufacturing market? |
What are the key factors affecting the Engine & Related Parts and Turbocharger of Automotive Parts Remanufacturing Market? |
What is the CAGR/Growth Rate of Passenger Cars during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Parts Remanufacturing Market? |
Which region is expected to dominate the global Automotive Parts Remanufacturing Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|