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

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...purchase to read more.

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

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
  • Industry Report - Industry SWOT Analysis Chapter

    IBISWorld analysis reveals that the Auto Parts Remanufacturing industry is in a mature stage of its life cycle. Over the 10 years to 2022, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to increase at an annualized rate of 1.9%. In comparison, US GDP is forecast to rise at an average rate of 2.1% annually during the same period. Although the discrepancy between IVA and GDP usually indicates an industry in the midst of growth, other factors point to this industry's ongoing maturity.A key indicator of this industry's maturity includes the fact that downstream markets are clearly defined. Bet...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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
    Cardone Industries Inc.,
  • Table: Cardone Industries Inc. - financial performance

  • 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
    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
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Auto Parts Remanufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Auto Parts Remanufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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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