Global remanufacturing industry expected to grow at a CAGR of 4% by 2027 – analysis

According to an analysis by Rematec, customers are resorting to remanufactured car parts because new components are too expensive

Rematec, an Amsterdam-based trade brand dedicated to automotive remanufacturing worldwide, has announced that according to an analysis, the global remanufactured automotive parts market is expected to increase by $11 billion by 2027, at a compound annual growth rate (CAGR) of 3.93%, according to a press release dated September 20.