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Reman Engine Business Emerging as an Attractive Business Opportunity in India for OEMs
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The aim of this study is to research, analyze, and provide forecasts for the Indian and global remanufactured (reman) automotive aftermarket by providing a high-level overview of factors that influence its growth.
This research service focuses on identifying reman engine potential in India as well as the global market. This research provides the current potential of reman engines in 2018, and how the market will evolve by 2023.
The study also discusses the reman engine potential according to engine types (2-cylinder, 4-cylinder, and 6-cylinder). It also covers the cost of ownership analysis for reman engines (customer viewpoint) and customized solution offerings. The research also discusses the drivers and restraints of the reman markets and the growth opportunity for Original Equipment Manufacturers (OEMs) in India. It describes the reman business models of key OEMs in india in detail.
Key Issues Addressed
With no major legislative barriers in India, the reman engine market is expected to grow significantly by 2023. With BS-VI emission norms coming into effect by Apr 2020, the demand for reman engines in India will grow.
Reman engines will emerge as the new business model for truck OEMs. This will propel the shift from Business to Business (B2B) sales to Business to Customer (B2C) sales for OEMs in the future. OEMs may offer customized solutions directly to customer. Good quality levels of customized reman engine will shift customer preference from local mechanics to OEMs.
Author: Ankush Katailiha
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