The accelerating rise of remanufacturing in the automotive aftermarket

Remanufacturing is on the brink of becoming a central element in the production of automotive parts and components. Rematec Amsterdam and its sister show, Rematec Asia, underscore this point.

From left: Kim Buitelaar-Wollenberg, Exhibition Manager Rematec at RAI; David Fitzsimons, Director European Remanufacturing Council; John Chalifoux, Chief Sustainability Officer, MEMA, The Vehicle Suppliers Association & COO, MEMA Aftermarket Suppliers; and Rajiv Ramchandra - Founder and Chair, Board of Directors of Re:CREATe. The four discussed international collaboration in the remanufacturing community. Photo by Mark Phillips/Aftermarket Intel.

They say seeing is believing.

After visiting Rematec in Amsterdam last summer,  I’ve come to realize remanufacturing’s rise and significance in the industry. Remanufacturing is on the brink of becoming a central element in the production of automotive parts and components. Rematec Amsterdam and its sister show, Rematec Asia, underscore this point. 

The global automotive parts remanufacturing market is experiencing significant growth, driven by factors such as the shortage of raw materials required for manufacturing automotive components and increasing demand for vehicle replacement parts. By some estimates, the market was valued at approximately USD $110 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 7% from 2023 to 2030, reaching nearly USD $190 billion by the end of 2030. 

North America is anticipated to dominate the market during the forecast period, with a significant market share and the presence of leading players and well-established automotive aftermarkets. Key players in the market, such as Valeo, Bosch, and Cardone Industries, are focusing on sustainable remanufacturing processes and expanding their product offerings to cater to the growing demand.

The process of remanufacturing involves taking original parts, reusing key components, and producing finished goods that are not only “like new” but often better than the originals. The unmatched quality of remanufactured products is a testament to the value of this approach.

The field is witnessing a surge in startups, highlighting the burgeoning interest and investment in remanufacturing. For those not yet involved, it’s worth exploring remanufacturing as a valuable addition to your portfolio, whether you’re a customer or a manufacturer. 


For the latest news and information on the global automotive aftermarket industry, visit https://aftermarketintel.com. Do you have news? Contact Aftermarket Intel Editor Mark Phillips at mark@lpnewmedia.com. He’s on LinkedIn here.

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