Press release
Global Automobile Remanufacturing Market Comprehensive Study : Forecasted Market Size And Growth Rate 2033 | Toyota Motor Corporation, Robert Bosch GmbH, Caterpillar Inc., Denso Corporation
Automobile Remanufacturing Global Market Report 2024
The Business Research Company offers in-depth market insights through Automobile Remanufacturing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The automobile remanufacturing market size has grown rapidly in recent years. It will grow from $62.11 billion in 2023 to $68.71 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to environmental concerns, cost-effectiveness, resource conservation, regulatory support, circular economy adoption.
The automobile remanufacturing market size is expected to see strong growth in the next few years. It will grow to $98.88 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to electric vehicle (ev) growth, increased vehicle complexity, transition to autonomous vehicles, rise in sustainable practices, legislation on circular economy. Major trends in the forecast period include advancements in remanufacturing technologies, focus on battery remanufacturing, increased automation in remanufacturing, modularity and design for remanufacture, collaborative supply chain models.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=12274&type=smp
Market Segmentation:
The automobile remanufacturing market covered in this report is segmented -
1) By Type: Engine, Transmission, Starter, Generator, Other Types
2) By Manufacturer: Original Equipment Manufacturer (OEM) Remanufacturers, Independent Remanufacturers, Subcontracted Remanufacturers
3) By Application: Passenger Vehicles, Commercial Vehicles
Major Driver - Surging Vehicle Demand Propels Expansion In The Automobile Remanufacturing Market
Growing demand for vehicles is expected to propel the growth of the automobile remanufacturing market going forward. A vehicle refers to a piece of equipment, typically having wheels and an engine, used for land-based transportation of people or commodities. Automobile remanufacturing meets vehicle demand by rebuilding and recovering previously sold, used, or broken vehicles. Automotive remanufacturers offer a variety of remanufacturing components, such as transmissions, clutches, steering systems, and axle systems, for motor vehicles and trucks. For instance, in June 2023, according to MarkLines Co., Ltd., a Japan-based automotive industry portal, sales of new vehicles in the US reached 1,374,910 units in May 2023, representing an increase of 22.8% from May 2022. Therefore, the growing demand for vehicles is driving the growth of the automobile remanufacturing market.
Competitive Landscape:
Major companies operating in the automobile remanufacturing market report are Toyota Motor Corporation, Robert Bosch GmbH, Caterpillar Inc., Denso Corporation, ZF Friedrichshafen AG, Continental AG, Volvo Car Corporation, Cummins Inc., Valeo SA, Eaton Corporation plc., Tenneco Inc., Schaeffler Group, TRW Automotive Holdings Corp., BorgWarner Inc., LKQ Corporation, Marelli Europe S.p.A, Knorr-Bremse AG, Navistar Inc., GKN Automotive Limited, Garrett Motion Inc., Standard Motor Products Inc., Remy International Inc., BBB Industries, Jasper Engines and Transmissions, Cardone Industries Inc., Detroit Diesel Corporation, BORG Automotive AS, Maval Industries LLC., AMS Automotive LLC., WABCO Holdings Inc.
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/automobile-remanufacturing-global-market-report
Top Trend - Introduction Of Advanced Line Of Remanufactured Automotive Driveline Power Inverters
Product innovations are a key trend gaining popularity in the automobile remanufacturing market. Major companies operating in the automobile remanufacturing market are innovating new remanufactured products to sustain their position in the market. For instance, in June 2023, Blue Streak Electronics, a Canada-based producer of automotive remanufactured electronics, launched a line of remanufactured automotive driveline power inverters. These inverters undergo a protracted remanufacturing process that includes intensive testing, refurbishment, and replacement of critical components to guarantee optimum performance, dependability, and lifetime. It converts the DC power from the vehicle's battery into AC power for the driveline systems and charges the battery. Customers may anticipate a product that operates on par with completely new power inverters while reducing waste and carbon footprints.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automobile Remanufacturing Market Characteristics
3. Automobile Remanufacturing Market Trends And Strategies
4. Automobile Remanufacturing Market - Macro Economic Scenario
5. Automobile Remanufacturing Market Size And Growth
…..
27. Automobile Remanufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automobile Remanufacturing Market Comprehensive Study : Forecasted Market Size And Growth Rate 2033 | Toyota Motor Corporation, Robert Bosch GmbH, Caterpillar Inc., Denso Corporation here
News-ID: 3426687 • Views: …
More Releases from The Business Research Company
Hydrofluoric Acid Market to Hit $1.87 Billion by 2028 with a CAGR of 5.7%, Drive …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Hydrofluoric Acid Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.87 billion In 2028 At…
Green Building Materials Market to Reach $490.8 Billion by 2028 at 9.7% CAGR, Dr …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Green Building Materials Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $490.8 billion In 2028…
Feldspar Market to Hit $8.46 Billion by 2028 at 10.9% CAGR, Driven by Automotive …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Feldspar Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $8.46 billion In 2028 At A…
Electric Ships Market to Reach $13.63 Billion by 2028 at 11.0% CAGR, Driven by H …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Electric Ships Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $13.63 billion In 2028 At…
More Releases for Automobile
What's driving the Automobile Air Conditioning Market trends? Delphi Automotive, …
Scope of the Report:
The worldwide market for Automobile Air Conditioning is expected to grow at a CAGR of roughly over the next five years, will reach million US$ in 2024, from million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Automobile Air Conditioning in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes…
Mini Car Market is Thriving Worldwide| SAIC GM Wuling, Changan Automobile, Hafei …
Latest Study on Industrial Growth of Global Mini Car Market 2019-2025. A detailed study accumulated to offer Latest insights about acute features of the Mini Car market. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends…
Automobile Wheel Hub Motor Market
https://www.qandqmarketresearch.com/reports/7159405/automobile-wheel-hub-motor-market-19
This industry study presents the global Automobile Wheel Hub Motor market size, historical breakdown data 20132018 and forecast 20182025. The Automobile Wheel Hub Motor production, revenue and market share by manufacturers, key regions and type;
The consumption of Automobile Wheel Hub Motor in volume terms are also provided for major countries or regions, and for each application and product at the global level. Market share, growth rate, and competitive factors are…
Vietnam automobile lubricant market beckons
With automotive lubricant demand rising from 2.6 million liters (in 2015) to 4.1 million liters (in 2021), global and regional manufacturers are taking notice of the Vietnam market. How can brands win in this market? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his insights on key trends in the Lube Report Asia magazine.
With many players competing in the Southeast Asia market for motorcycle lubricants, leaders will…
Automobile Ignition System Market - Rising Attention by Emerging Countries in Au …
The automobile ignition switch in a car is connected between the car battery and ignition coil and transforms the low voltage into high voltage. The high voltage generates heat and ignites the air-fuel mixture in compression chamber. This helps the vehicle to move.
Download the Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=23360
Rising automobile demand across the world is anticipated to boost the demand for ignition system. The number of people purchasing automobile per…
Automobile Market 2017 Emerging Trends
This report presents a comprehensive overview of the Automobile market in Europe, which shares the history data information from 2012 to 2016, and forecast from 2017 to 2022.
This report provides a detailed analysis of the market, including its dynamics, structure, characteristics, main players, growth and demand drivers, etc. As a Detailed Analysis report, it covers all details inside analysis and opinion in Automobile industry.
This report focuses Global and Europe market,…
