Auto Parts Remanufacturing
Operators in the Auto Parts Remanufacturing industry acquire disassembled used components and combine several pieces to reassemble or remanufacture automotive parts. The industry is unique due to its cyclical and countercyclical characteristics; for example, consumers tend to purchase remanufactured parts during times of economic weakness. As industry product quality and durability continue to improve, remanufactured auto parts are gradually becoming more competitive substitutes for new auto parts. With regard to downstream demand, per capita disposable income regulates consumer demand and, in turn, demand from auto parts stores. The average age of the vehicle fleet is also a factor that influences the sale of remanufactured parts. As a result, IBISWorld expects industry revenue to grow over the five years to 2018; however, industry revenue is forecast to reverse over the next five years due to offshoring and positive economic conditions.
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.
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