Conventional Engine, Transmission, and Affiliated Components Will Continue to Be the Largest Replacement Revenue Category Globally
The automotive aftermarket is a significant contributor to waste and pollution including fluids, batteries, greenhouse gases, and used materials from parts. The circular economy is an alternative economic model that focuses on reducing waste and pollution by keeping products and materials in use for as long as possible. Remanufacturing, which is the process of restoring used parts to like-new condition with affiliated warranty, is a key component of the circular economy and can play a significant role in reducing waste and pollution in the automotive aftermarket in close cooperation with recycling, reducing, and repairing.
This research report focuses on the circular economy of automotive parts in Class 1 to 3 passenger vehicles. The base year is 2022 and the forecast period is from 2023 to 2030. Revenue is calculated at the manufacturer level and represented in US dollars. Growth drivers and restraints, associations, and key trends, legislation, and incentives are discussed.
Each regional section highlights the key aftermarket indicators such as VIO, overall aftermarket revenue and revenue from reman in that region.
Reman revenue and revenue potential is further classified based on primary categories (engine and related components, wheel and brake end, electrical and electronics, and eComponents [battery reman and power electronics]). The study also highlights the competitive landscape in terms of competitors, channel analysis (where applicable), regional outlook, and growth opportunities for each value chain participant. Company profiles and examples of supplier and distributor reman programs are included.
Key Issues Addressed
- What initiatives are OEMs and Tier I suppliers undertaking in remanufacturing?
- What notable value chain enablers are driving growth?
- Which OEMs and Tier I suppliers operate in the green components space and what are their main aftermarket programs?
- What is the market potential for conventional and eComponents in terms of aftermarket revenue?
- What regional trends, business models, legislation, and macroeconomic variables are influencing the circular economy of parts?
- What growth opportunities and white spaces exist for suppliers, OEMs, and value chain participants?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cardone Industries
- Ford
- Groupe Renault
- LKQ
- Stellantis N.V.
- ZF Reman
