Commercial Vehicle Engine Remanufacturing Market Growth, Development and Demand Forecast Report 2030

Published Mar 30 

Remanufacturing involves effectively reusing resource-efficient strategies that encourage product circulation and improve environmental performance, in terms of the life cycle.

Commercial vehicle engine remanufacturing can be defined as the manufacturing process that involves product dismantling, replacing and restoring components, and whole product and individual part testing to its original design specifications.

The remanufacturing provides the vehicle with a new service life in each usage cycle. Remanufacturing prevents material dissipation, and it is considered superior to material recycling.

However, measuring the remanufacturing effectiveness is difficult due to the absence of fundamental indicators, and supporting tools used for the task.

The remanufacturer has to ensure improved performance or equal performance to the previous component. The lesser cost obtained from the warranty periods or recycling provided by remanufacturers boosts the sales of remanufactured commercial vehicle engines.

Due to a shortage of raw material resources, and mining restrictions in several countries, with red tape, increasing mining metal costs, and surging carbon footprint caused by massive energy consumption, and water usage in manufacturing of new equipment are projected to fuel the remanufactured automotive parts demand in the near future.

Companies either buy cores from the customer directly or from third-party service providers, including scrap yards, used parts dealers, or core brokers. Various supply sources boost the overall coordination effort and procurement logistics complexity. The rising demand for cooperation with third-party providers and customers results in procurement logistics action in the strategic management field.

The major companies operating in the industry are Valeo SA, Monark Automotive GmbH, ATC Drivetrain Inc., Sharper Edge Engines LLC, Jasper Engines and Transmissions, Aer Manufacturing Inc., Reman Engine, Eagle Engine Sales Inc., ATC Drivetrain Inc., and Genuine Parts Company.

Therefore, the increased sustainability led by environmental concerns fuels the demand for commercial vehicle engine remanufacturing.