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Automotive Remanufacturing Market Size, Share & COVID-19 Impact Analysis, By Parts Type (Engine & Related Parts, Transmission Parts, Electrical & Electronics System Parts, Braking System Related Parts, Wheel & Suspension System Related Parts, and Others), By Vehicle Type (Passenger Cars and Commercial Vehicles), and Regional Forecast, 2023–2030

Region : Global | Format: PDF | Report ID: FBI107428



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The global automotive remanufacturing market size was valued at USD 60.78 billion in 2022. The market is projected to grow from USD 65.49 billion in 2023 to USD 126.42 billion by 2030, exhibiting a CAGR of 9.9% during the forecast period.

Automotive remanufacturing is a standardized industrial process under which worn-out, previously sold, non-functional automotive parts are restored, rebuilt, and transformed into brand-new parts through cleaning, disassembly, repair, and replacing worn-out or obsolete components.

After a significant period of use, automotive parts undergo wear and tear. Therefore, increasing demand for replacing these worn-out parts in the aftermarket is expected to drive the market. Additionally, the growing focus of leading aftermarket players, such as Bosch, ZF Friedrichshafen AG, and others, on offering remanufactured automotive parts that are economical and as good as new products is anticipated to create lucrative opportunities for the market in future.


Closed Remanufacturing Facilities and Disruption in Automotive Supply Chain Hampered Market Growth

The COVID-19 pandemic had a significant impact on the global automotive industry. Due to resource shortages, remanufacturing facilities could not run at full capacity, resulting in their temporary closure and market slowdown. The pandemic induced a huge shortage of raw materials and disrupted the supply chain network across various industries, including automotive remanufacturing. The outbreak also led companies to severe revenue loss and impacted their overall sales. Many ongoing product-related R&D programs were put on hold due to insufficient cash flow generation, which led to stagnant growth in the remanufacturing sector. However, the market rebounded quickly and recovered in late 2021.

The market's recovery was fueled by relaxation in government restrictions and the surging demand for remanufactured products. The demand for these products grew due to severe shortage of new auto parts and raw materials amid a disrupted global supply chain. In addition to the shortage of new parts, the government’s push for sustainable manufacturing practices and recycling of products created more opportunities for automotive remanufacturing post-pandemic.


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Demand for Remanufactured Parts for Electric Vehicles is an Emerging Market Trend

As the global megatrend of automotive electrification continues to fuel the demand for remanufactured auto parts for electric vehicles, this market is growing rapidly. During the COVID-19 pandemic, global EV sales witnessed a significant boom. For instance, according to the International Energy Agency (IEA), EV sales doubled in 2021 to a new record of 6.6 million units. This factor is expected to generate significant demand for remanufactured EV parts such as EV batteries, tires, and other components.

Manufacturers are focusing on providing automotive remanufacturing and recycling solutions for electric vehicle parts to grab early revenue growth opportunities. For instance, in June 2021, ATC Drivetrain introduced remanufacturing solutions for electric vehicles. The company also planned to launch remanufacturing solutions for Li-Ion & NiMH batteries and electric drivetrains. These are a few trends shaping the global automotive remanufacturing market growth.


Global Shortage of Raw Materials Required for Manufacturing of Automotive Components to Fuel the Market Growth

Raw material shortage has been one of the major obstacles in the rapidly growing automotive industry. The demand for raw materials has grown considerably as automakers are ramping up their production capacity. However, the limited availability of raw materials in various geographical regions is encouraging aftermarket players to adopt remanufacturing techniques to cater to the increasing demand for auto part replacement. This will fuel the global market growth.

Increasing Demand for Low-cost Vehicle Replacement Parts to Drive Market Growth

New automotive parts sold by OEMs or aftermarkets are significantly expensive. Additionally, the cost of manufacturing new parts increases the overall cost of the final product. On the contrary, remanufactured products offer durability and quality similar to that of original equipment and incur low production cost, leading to reduction in the overall product cost. This is why people in developing economies prefer to install refurbished parts instead of new ones. Remanufactured automotive parts cost 20-50% less than brand-new ones. This factor is also anticipated to drive the market growth.

Stringent Emission Control and Waste Management Policies Likely to Boost Market Growth

The government’s focus on reducing industrial emissions and waste is one of the crucial factors responsible for shifting the manufacturers' focus on remanufacturing techniques. These techniques produce less pollutants and greenhouse gases. For instance, according to the U.S. Environmental Protection Agency, remanufacturing is a solution that offers substantial benefits economically, environmentally, and systematically. Therefore, increasing demand for remanufacturing processes in the automotive industry is predicted to expand the market size.


Lack of Awareness Regarding Remanufactured Auto Parts Might Restrain Market Progress

Remanufactured automotive parts are as good as the new ones. The potential of the remanufactured parts industry is often overlooked due to less efforts by the government in promoting and adopting remanufactured products. The lack of awareness regarding the economic and environmental benefits of remanufactured products among customers in underdeveloped and developing economies might hinder the market growth during the forecast period.


By Parts Type Analysis

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Rising Demand for Auto Part Replacement in IC Engine Vehicles to Drive Market Growth

Based on parts type, the market is segmented into engine & related parts, transmission parts, electrical & electronics system parts, braking system related parts, wheel & suspension system-related parts, and others.

The engine & related parts segment held the largest market share in 2022. Currently, IC engine vehicles are highly sold worldwide. Engine & related parts are subjected to more wear and damage. This is why components, such as air filters, oil filters, and drive belts need to be replaced more frequently as compared to other automotive parts. Most of the leading aftermarket players are focusing on remanufacturing engine-related parts to cater to the increasing demand among customers.

Transmission parts and wheel & suspension system-related parts segments also held a significant market share in 2022. Transmission and suspension systems also wear out and get damaged as a vehicle runs on various terrains at different loading conditions. Hence, regular maintenance and replacement of these parts may accelerate the segment growth in the years to come.

The electrical & electronics system parts segment is expected to witness the fastest growth rate during the forecast period. The rising trend of automotive electrification and manufacturers' focus on offering new remanufacturing solutions for EVs is anticipated to propel the segment growth.

By Vehicle Type Analysis

Rising Number of On-road Passenger Cars to Drive the Adoption of Remanufactured Automotive Parts

Based on vehicle type, the market is categorized into passenger cars and commercial vehicles.

The passenger cars segment dominated the market share. The rising number of on-road passenger cars worldwide is accelerating the segment growth. Additionally, increasing automotive sales coupled with the penetration of EVs in the global automotive industry are anticipated to boost the segment growth in the future. Growing awareness and availability of remanufactured parts that are compatible with a wide range of vehicles is projected to drive the segment growth in the upcoming years.

Commercial vehicles segment is expected to record the fastest growth rate in the market during the forecast period. Increasing demand for regular maintenance and replacement of auto parts in commercial vehicle fleets for effective fleet operations is expected to boost the segment growth in the upcoming years.


North America Automotive Remanufacturing Market Size, 2022 (USD Billion)

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North America dominated the global automotive remanufacturing market share in 2022 with a market size of USD 18.98 billion. The presence of leading players and well-established automotive aftermarkets in the United States will drive the regional market growth. Additionally, the increasing penetration of electric vehicles in North America is expected to generate lucrative revenue growth opportunities in the coming years. For instance, according to the IEA, in 2021, battery electric vehicle sales in the U.S. jumped from 230,000 units in 2020 to 470,000 units. This scenario has increased the demand for remanufacturing solutions for EVs, further driving the market growth.

Asia Pacific is expected to register the fastest growth rate during the forecast timeframe. A strong automotive aftermarket industry in China is one of the major drivers of the market. Moreover, increasing demand for cost-effective remanufactured auto parts in India and other developing countries in Asia Pacific is anticipated to fuel the market growth of automotive remanufacturing. Furthermore, China has the highest number of on-road EVs. This has surged the demand for remanufacturing EV batteries and drivetrains, which might accelerate the market growth in the coming years.

Europe accounted for a significant market share in 2022. Stringent industry emission norms and waste management policies are prompting the European automotive industry to adopt remanufacturing processes. Moreover, the well-established automotive sector in Europe and the governments’ focus on automotive electrification are likely to generate lucrative opportunities for the market to expand.


Key Players’ Focus on Sustainable Automotive Remanufacturing Processes to Drive Market Competition

The market has a vast presence of various domestic automotive remanufacturing players. The companies are focusing on developing sustainable remanufacturing processes to restore automotive parts efficiently. They are also developing automotive remanufacturing processes for EV parts such as batteries and drivetrains. Moreover, these organizations are utilizing strategic partnerships and mergers to expand their remanufacturing business unit and improve their presence in the automotive aftermarket industry.

List of Key Companies Profiled:


  • July 2021 – Bosch revealed its 455 automotive aftermarket parts that would cover more than 24 million operational vehicles. The company introduced a variety of product lines including Bosch eXchange Alternators. All the units were claimed to be factory-tested and remanufactured using high-quality materials and latest technologies for maximum durability.

  • February 2021 – Cardone Industries announced that it had increased its production capacity for new window lift motor and regulator assembly and other remanufacturing programs. The company intended to offer its clients a more diversified product portfolio.

  • April 2022 ATC Drivetrain acquired Treharne Automotive Engineering and its group companies. It is a U.K.-based company specializing in automotive engineering and focuses on EV battery management, recycling, and diagnostic & test equipment for powertrain systems. The company wanted to strengthen its product lines further in the automotive industry's electrification sector.

  • September 2022 Stellantis announced investment of more than USD 10 million to develop a vehicle remanufacturing facility in Italy. The company also announced that Mirafiori Complex would focus on sustainable manufacturing facilities including vehicle dismantling, reconditioning, and parts remanufacturing.

  • November 2022 Denso Corporation announced its remanufacturing program in Europe to further increase its adoption and boost awareness of the benefits of the remanufacturing process.


An Infographic Representation of Automotive Remanufacturing Market

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The report provides an analysis of the global market and focuses on key aspects such as leading companies, product/service types, and top product applications. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several other factors that contributed to the market's growth in recent years.




Study Period


Base Year


Estimated Year


Forecast Period


Historical Period


Growth Rate

CAGR of 9.9% from 2023 to 2030


Value (USD Billion)


By Parts Type

  • Engine & Related Parts

  • Transmission Parts

  • Electrical & Electronics System Parts

  • Braking System Related Parts

  • Wheel & Suspension System Related Parts

  • Others

By Vehicle Type

  • Passenger Cars

  • Commercial Vehicles

By Region

  • North America (By Parts Type and Vehicle Type)

    • U.S. (By Vehicle Type)

    • Canada (By Vehicle Type)

    • Mexico (By Vehicle Type)

  • Europe (By Parts Type and Vehicle Type)

    • Germany (By Vehicle Type)

    • France (By Vehicle Type)

    • U.K. (By Vehicle Type)

    • Rest of Europe (By Vehicle Type)

  • Asia Pacific (By Parts Type and Vehicle Type)

    • China (By Vehicle Type)

    • India (By Vehicle Type)

    • Japan (By Vehicle Type)

    • South Korea (By Vehicle Type)

    • Rest of APAC (By Vehicle Type)

  • Rest of the World (By Parts Type and Vehicle Type)

Frequently Asked Questions

As per the Fortune Business Insights study, the global market size was USD 60.78 billion in 2022.

The market is likely to record a CAGR of 9.9% during the forecast period of 2023-2030.

Based on parts type, the engine & related parts segment is the leading segment.

Some of the top players in the market are Robert Bosch, ZF Friedrichshafen AG, and CARDONE Industries.

North America dominated the market in terms of market size in 2022.

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  • Apr, 2023
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