Engine Rebuilding & Remanufacturing
Rebounding industrial and heavy manufacturing activity over the five years to 2018 has helped boost demand for the Engine Rebuilding and Remanufacturing industry's remanufactured diesel engines from heavy industrial and construction customers. Owners of these vehicles tend to favor remanufactured engines as an alternative to costly new capital equipment. However, significant declines in demand from the consumer automotive market have more than offset strengthened demand from the commercial fleet markets. Over the next five years, countervailing pressures are projected to limit industry revenue growth. While the industry is expected to continue generating consistent revenue from heavy-duty engines, the automotive market is expected to have varying effects.
Companies in this industry primarily rebuild and remanufacture automotive engines and engine parts for motor vehicles. Remanufacturing is the process of returning a used, worn-out engine to as close to new as possible, whereas rebuilding generally describes a process that makes greater use of serviceable parts rather than new ones. Recycling, repairs and restorations are excluded from the industry.
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.