International. The global auto parts remanufacturing market will grow at a CAGR of 7% and reach a value of $25.21 billion by 2030, according to a report by Valuates Reports.
The industry, which in 2023 had an estimated value of 16,850 million dollars, continues to expand driven by factors such as the aging of the vehicle fleet, sustainability and cost optimization.
The growing adoption of remanufactured auto parts responds to the need for more affordable and environmentally friendly solutions in the automotive industry. Stricter environmental regulations, government incentives, and the search for sustainable alternatives have consolidated the growth of this segment. In addition, advances in reconditioning processes have improved the quality and reliability of parts, which has strengthened consumer confidence.
Key Components Drive the Market
Engines and transmissions represent some of the fastest growing segments within auto parts remanufacturing. Refurbishing these components allows vehicle owners to extend the life of their units at significantly lower costs compared to new parts. In addition, manufacturers have implemented strict quality controls and enhanced warranties to increase the competitiveness of remanufactured products.
North America maintains a consolidated market thanks to the maturity of its automotive industry and the high demand for economical repair solutions. Europe, with more stringent environmental regulations, has driven the adoption of remanufactured auto parts as part of its circular economy strategy. In the Asia-Pacific region, the growth of the vehicle fleet and the preference for more affordable options have made this market an area of high potential.
The increase in demand for quality spare parts, together with the stability in the supply chain and the change in consumer perception, positions the remanufacturing of auto parts as a key sector within the automotive industry in the coming years.
