Auto Parts Remanufacturing
While the Auto Parts Remanufacturing industry generally fares well during times of economic weakness, industry revenue grew over the five years to 2017, as industry product quality and durability continued to improve, helping remanufactured auto parts to become a more competitive substitutes for new auto parts. Additionally, lower oil prices combined with an aging vehicle fleet aided the industry, as consumers increasingly demanded industry products to increase the lifespans of their vehicles. Industry revenue growth is forecast to continue over the next five years, albeit at a slower pace. Economic conditions are forecast to continue to improve over the five years to 2022, and with an expected increase in per capita disposable income, consumers are expected to increasingly opt for new parts or purchase new cars instead of buying industry-relevant remanufactured parts, limiting revenue growth.
This industry includes operators that remanufacture automotive parts. Remanufacturers acquire disassembled, used components and combine several pieces to reassemble or remanufacture an automotive part. Operators remanufacture alternators, starters, steering parts and electrical units. Companies operate as stand-alone enterprises or as part of a larger retailer, services garage or original equipment manufacturer. This industry excludes engine remanufacturing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.