Engine Rebuilding & Remanufacturing
The Engine Rebuilding and Remanufacturing industry operates counter-cyclical to the economy as a whole. Over the past five years, rising disposable income levels and improved consumer confidence have encouraged households to purchase new cars, instead of prolonging the life of their existing vehicles with engine rebuilding or remanufacturing services. In the coming years, industry participation is expected to decline as barriers to success rise and small engine rebuilders are forced out of the market. Due to rising barriers to entry and steadily declining demand for industry services, the number of enterprises and employees is projected to fall, along with industry revenue.
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.
JASPER Engines and Transmissions
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