Overview

Wearing out: The increasing average age of the vehicle fleet will support industry demand

IBISWorld’s Industry Market Report on Auto Parts Remanufacturing is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth
12-17
2.0%
Annual Growth
17-22
Profit
Employment
9,260
Business
1,530

Industry Threats & Opportunities

  • Remanufactured auto parts are gradually becoming more competitive substitutes for new auto parts
  • Replacement parts and tools made of steel constitute key purchases and capital investments
  • Recovering conditions will likely reduce demand for reman services

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    Industry Analysis & Industry Trends

    While the Auto Parts Remanufacturing industry generally fares well during times of economic weakness, industry revenue grew over the five years to 2017, as industry product quality and durability continued to improve, helping remanufactured auto parts to become a more competitive substitutes for new auto parts. Additionally, lower oil prices combined with an aging vehicle fleet aided the industry, as consumers increasingly demanded industry products to increase the lifespans of their vehicles. Industry revenue growth is forecast to continue over the next five years, albeit at a slower pace...

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    Industry Report - Industry Key Buyers Chapter

    The Auto Parts Remanufacturing industry has a moderate level of market share concentration. The industry primarily consists of many small, local, custom auto parts remanufacturers, but there are some large remanufacturers with a global presence and several locations. In 2017, the top four companies make up less than 50.0% of industry revenue. Overall, concentration has fallen over the past five years as new operators entered the industry due to high demand for auto parts remanufacturing services. However, offshoring activity has become more prevalent, as seen by major player, Cardone, limiting establishment growth.

    Over the next five years, market share concentration is expected to remain fragmented as companies continue to enter the industry. Con..

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    Additional Insights for the Auto Parts Remanufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Remanufacturing Industry are

  • Ability to attract local support/patronage
  • Having a wide and expanding product range
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Average age of vehicle fleet in the Auto Parts Remanufacturing industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Auto Parts Remanufacturing Industry?

    This industry includes operators that remanufacture automotive parts. Remanufacturers acquire disassembled, used components and combine several pieces to reassemble or remanufacture an automotive part. Operators remanufacture alternators, starters, steering parts and electrical units. Companies operate as stand-alone enterprises or as part of a larger retailer, services garage or original equipment manufacturer. This industry excludes engine remanufacturing.

    Industry Products
    Remanufactured air conditioning parts
    Remanufactured electrical system parts
    Remanufactured brake and clutch system parts
    Remanufactured transmissions and associated parts
    Other remanufactured parts
    Remanufactured steering and suspension parts
    Industry Activities
    Remanufacturing electrical system parts
    Remanufacturing brake and clutch system parts
    Remanufacturing transmissions and associated parts
    Remanufacturing other parts
    Remanufacturing air conditioning parts

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Average age of vehicle fleet
  • Demand from auto parts stores
  • World price of crude oil
  • Consumer Confidence Index

  • Current Performance
  • Age of the vehicle fleet and gas prices
  • Steel prices and profit
  • Parts proliferation
  • Chart: Revenue Growth

  • Industry Outlook
  • Broad economic improvements
  • Hybrid cars and oil prices
  • Profit potential and technology
  • Table: Auto Parts Remanufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Remanufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Truck & Bus Manufacturing
  • Auto Parts Wholesaling
  • Auto Parts Stores

  • Key Selling Industries
  • Auto Parts Stores
  • Inorganic Chemical Manufacturing
  • Iron & Steel Manufacturing
  • Screw, Nut & Bolt Manufacturing

  • Products & Services
  • Remanufactured transmissions and associated parts
  • Remanufactured electrical system parts
  • Remanufactured brake and clutch system parts
  • Other remanufactured parts
  • Remanufactured steering and suspension parts
  • Remanufactured air conditioning parts
  • Chart: Auto Parts Remanufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Auto parts stores
  • Wholesalers
  • Other
  • Consumers
  • Chart: Major Market Segmentation for the Auto Parts Remanufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Auto Parts Remanufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Parts Remanufacturing Industry

  • Industry Globalization
    Major Companies
    Cardone Industries Inc.
  • Table: Cardone Industries Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Remanufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Auto Parts Remanufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Average age of vehicle fleet (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Mechatronic
  • Auto parts that combine electronic systems and moving parts.
  • Parts Proliferation
  • The ongoing development of slightly different auto parts, which increases operating costs through inventory management and technological know-how.
  • Reman
  • An industry term to denote remanufacturing activities and remanufactured parts.
  • Remanufactured Core
  • A used core that has gone through the remanufacturing process.
  • Used Core
  • An alternator or starter used in the operation of a vehicle.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auto Parts Remanufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auto Parts Remanufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auto Parts Remanufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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