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Emergence of Reman in China and Brazil Expected to Create $50-Billion Market by 2022
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The emergence of re-manufactured parts production and sales in Brazil, China, and other regions will result in an approximately $50-billion industry globally by 2022. The research service analyzes how maturation of the vehicle parts and service industry will increase the availability of lower priced products in the future. Although the United States still accounts for a majority of the remanufactured automotive aftermarket revenue globally, Frost & Sullivan analysts have highlighted opportunities in Europe, Asia-Pacific, and South America that will support future industry growth. The study also analyzes which products and suppliers are driving the development in each region, and it includes profiles of key industry participants. The base year is 2015.
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