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Circular Economy Initiatives and Growth Opportunities from Remanufacturing in the Automotive Aftermarket, 2023
Circular Economy Initiatives and Growth Opportunities from Remanufacturing in the Automotive Aftermarket, 2023
Conventional Engine, Transmission, and Affiliated Components Will Continue to Be the Largest Replacement Revenue Category Globally
RELEASE DATE
14-Jul-2023
14-Jul-2023
REGION
North America
North America
Deliverable Type
Market Research
Market Research
Research Code: PE6F-01-00-00-00
SKU: TEMP_2023_11
$4,950.00
In stock
SKU
TEMP_2023_11
Description
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?
Author: Benson Augustine
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Circular Economy Initiatives from the Reman Aftermarket
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Key Questions This Study Will Answer
Segmentations and Definition
Circular Economy—Reverse Logistics Value Chain Process Flow
Reman Components’ Circular Economy
Distribution Channels
International Remanufacturing Standards
Associations
Selected Competitors and Value Chain Participants
Growth Drivers
Growth Restraints
Primary Findings
Global Reman Aftermarket Revenue—Market Potential
Global Reman Aftermarket Revenue—Regional Aftermarket Snapshot
Reman-as-a-Product—Maturity Cycle
OES vs. IAM—Channel Preference for Reman Replacements, 2022
M&A and Value Chain Partnerships—Primary Themes
Emerging Business Models and Regional Trends
Legislation Influencing the Circular Economy of Auto Components
Primary OEMs and Tier I Suppliers and Their Circular Economy Initiatives
Primary OEMs and Tier I Suppliers and Their Circular Economy Initiatives (continued)
Primary Battery 4R Companies in the EV Ecosystem
Core Logistics Partners’ Role in Circular Economy of Auto Parts
The Future of Sustainable Core-handling Practices in the Aftermarket
Cost and Material Savings from Circular Economy of Automotive Parts
Green Packaging in the Aftermarket Parts’ Circular Economy
Incentivizing Circular Economy Initiatives—Regional Snapshot
Overview—Green Components’ Circular Economy to Gain Momentum
Trend 1—Core Acquisition and Investment in Reverse Logistics
Trend 2—Developing and Implementing a Framework
Trend 3—Component Modularization and Maintenance
Trend 4—Traceability and Life Cycle Management
Trend 5—Future-proofing the Circular Economy of CASE Components
Trend 6—Private Labeling in the IAM
Forecast Assumptions
Dashboard—Key Aftermarket Indicators: North America
North America—Aftermarket Reman Revenue Market Size Potential
North America—Channel Preference for Select Reman Components
North American Reman Aftermarket Landscape in 2022
Growth Opportunity—North America
North America—Competitive Landscape of Primary Suppliers* in the Reman Ecosystem
Dashboard—Key Aftermarket Indicators: Europe
European Aftermarket Reman Revenue Market Size Potential
Reman Landscape—EU4 and the United Kingdom
Europe—Channel Preference for Select Reman Components
European Reman Aftermarket Landscape in 2022
Growth Opportunity—Europe
Europe—Competitive Landscape of Primary Suppliers* in the Reman Ecosystem
Dashboard—Key Aftermarket Indicators: APAC
APAC Aftermarket Reman Revenue Market Size Potential
The Reman Landscape—India and China
APAC Reman Aftermarket Landscape in 2022
Growth Opportunity—APAC
Dashboard—Key Aftermarket Indicators: LATAM
LATAM—Aftermarket Reman Revenue Market Size Potential
LATAM Reman Aftermarket Landscape in 2022
Growth Opportunity—LATAM
LATAM—Competitive Landscape of Primary Suppliers* in the Reman Ecosystem
Company Profiles
Company Profiles (continued)
Company Profiles (continued)
Company Profiles (continued)
Company Profiles (continued)
Company Profiles (continued)
Company Profiles (continued)
Company Profiles (continued)
Case Study—Stellantis N.V.
Case Study—Ford Remanufacturing Program
Case Study—Cardone Industries (Rebuild & Return [R&R] Service)
Case Study—Groupe Renault
Case Study—ZF Reman
Case Study—LKQ
Growth Opportunity 1—Conventional Components Aftermarket[Suppliers]
Growth Opportunity 1—Conventional Components Aftermarket[Suppliers] (continued)
Growth Opportunity 2—eComponents and Battery Remanufacturing[Suppliers]
Growth Opportunity 2—eComponents and Battery Reman[Suppliers] (continued)
Growth Opportunity 3—Reverse Logistics [OES, Retailers, and WDs]
Growth Opportunity 3—Reverse Logistics [OES, Retailers, and WDs] (continued)
Growth Opportunity 4—Private Label and Value Line [Suppliers, OEMs, Retailers, and WDs]
Growth Opportunity 4—Private Label and Value Line [Suppliers, OEMs, Retailers, and WDs] (continued)
Growth Opportunity 5—Core Buyback Programs [Suppliers, OEMs, Core Procurers, Retailers, and WDs]
Growth Opportunity 5—Core Buyback Programs [Suppliers, OEMs, Core Procurers, Retailers, and WDs] (continued)
The Last Word—3 Big Predictions
Your Next Steps
Why Frost, Why Now?
Selected Primary Competitors and Value Chain Participants
Selected Primary Competitors and Value Chain Participants (continued)
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
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Popular Topics
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.--BEGIN PROMO--
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?
Author: Benson Augustine
| Deliverable Type | Market Research |
|---|---|
| Author | Benson Augustine |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Automotive Parts Remanufacturing |
| Keyword 2 | Circular Economy Of Automotive Parts |
| Keyword 3 | Auto Parts Industry Trends |
| Podcast | No |
| WIP Number | PE6F-01-00-00-00 |