$7.1bn
$XXX.Xm
13,787
1,513
$XXX.Xm
Auto parts remanufacturers have endured volatile conditions through the current period. Demand for remanufactured parts runs countercyclical to the economy; buyers often trade up to new parts and replace vehicles when the economy improves. Despite this trend, remanufacturers struggled amid the pandemic. Although economic conditions plummeted, stay-at-home orders discouraged driving activity, limiting demand for replacement parts. Conversely, revenue surged as local, state and federal governments lifted lockdowns, contributing to torrid pent-up demand for driving and travel. This trend added to strong demand for remanufactured parts, especially amid lingering economic uncertainty. Regardless, companies have been unable to recover to pre-pandemic levels. Overall, revenue waned at an expected CAGR of 2.1% through the current period, including a 0.4% drop in 2024, where profit settled at 5.1%.
Industry revenue has declined at a CAGR of 2.1 % over the past five years, to reach an estimated $7.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Borgwarner Inc. | 1,426.8 | 125.8 | 8.8 | |
Denso Corp. | 311.2 | 24.3 | 7.8 |
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Industry revenue is measured across several distinct product and services lines, including Remanufactured electrical system parts, Remanufactured brake and clutch system parts and Remanufactured transmissions and associated parts. Remanufactured electrical system parts is the largest segment of the Auto Parts Remanufacturing in the US.
Remanufacturers must adapt to changes in transmission and brake manufacturing
Auto parts remanufacturing includes companies that rebuild, reassemble and refurbish motor vehicle parts. Remanufacturers acquire disassembled, used components and combine several pieces to reassemble or remanufacture parts. Companies can operate as stand-alone enterprises or as part of a larger retailer, services garage or original equipment manufacturer.
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NAICS 33639 - Auto Parts Remanufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Auto parts remanufacturers perform well during poor economic conditions. However, lockdown restrictions led to reduced driving activity, diminishing demand for replacement pa...
Learn about an industry's products and services, markets and trends in international trade.
Remanufacturers provide a wide range of rebuilt and refurbished motor vehicle parts. Vehicle innovations have led to shifting markets for hybrid and electric vehicle-related ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most remanufacturers operate near existing automotive supply chains. This practice helps companies reduce transportation costs and forge relationships with supply chain membe...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Providing consistent quality can help remanufacturers improve their reputation. The variability of remanufactured parts raises consumer concerns, making consistent quality cr...
Learn about the performance of the top companies in the industry.
Most remanufacturers operate in various niche markets. Few companies have garnered significant market share, given the industry's specialized nature and minor role in the ove...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Companies must adhere to a wide range of product safety standards specific to rebuilt, reconditioned and other used automobile parts. Remanufacturers have faced increasingly ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Auto parts remanufacturers have endured volatile supply chains. Fluctuating metal and electronic component prices have led to elevated purchasing costs, pressuring profit.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Auto Parts Remanufacturing in the US industry in United States is $7.1bn in 2024.
There are 1,513 businesses in the Auto Parts Remanufacturing in the US industry in United States, which has grown at a CAGR of 0.0 % between 2019 and 2024.
The market size of the Auto Parts Remanufacturing in the US industry in United States has been declining at a CAGR of 2.1 % between 2019 and 2024.
Over the next five years, the Auto Parts Remanufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Auto Parts Remanufacturing market in United States are Borgwarner Inc. and Denso Corp.
Remanufacturing electrical system parts and Remanufacturing brake and clutch system parts are part of the Auto Parts Remanufacturing in the US industry.
The company holding the most market share in United States is Borgwarner Inc..
The level of competition is moderate and increasing in the Auto Parts Remanufacturing in the US industry in United States.