The global remanufactured automotive parts market is set to grow by $10.55 billion during 2021-2025, registering a CAGR of almost 4%.
This is according to Technavio’s latest market research report titled, “Remanufactured Automotive Parts Market by Vehicle Type and Geography – Forecast and Analysis 2021-2025.”
According to Technavio’s research, the market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aer Manufacturing, LP, ATC Drivetrain, BBB Industries LLC, Borg Automotive AS, Cardone Industries Inc., Daimler Trucks North America LLC (Detroit Diesel Corp.), Jasper Engines and Transmissions, Renault SA, Robert Bosch GmbH, and ZF Friedrichshafen AG are some of the major market participants. The aging vehicle fleet will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments, Technavio says.
To learn more about the global trends impacting the future of market research, download a free sample here.: https://www.technavio.com/talk-to-us?report=IRTNTR70575.