The major challenge that could impact the growth of the market is the flexibility of existing mechanics to remove or add the remanufactured part and its compatibility with the existing parts.

New York City, NY -- (SBWire) -- 01/10/2017 --The automotive parts remanufacturing market can be segmented on the basis types such as remanufacturing without identity loss, remanufacturing with identity loss and remanufacturing by recoating the worn parts. The market is geographically segmented under four regions, namely, North America, Asia-Pacific, Europe and Rest of World. Asia-Pacific region is expected to grow over the coming years as the people in this region are price sensitive.

Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/10810

The automotive parts remanufacturing market is inversely related to the economy as a whole. When customer spending is high, demand goes down because motorists will replace worn-out vehicles rather than extend its use through remanufactured parts. "Alternatively, when customer spending is low, demand for such parts increases as these services consists of a cheaper alternative to new parts. The latter condition is expected to benefit the automotive parts remanufacturing market.

The major challenge that could impact the growth of the market is the flexibility of existing mechanics to remove or add the remanufactured part and its compatibility with the existing parts. The market players find ample of opportunities in price sensitive nations such as India and Philippines among others. The market is driven by the slow economic growth in regions of Africa and Middle East.

TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/10810

The global automotive parts remanufacturing market consist of several niche and key players, namely, Ander Niermann, BORG Automotive A/S, Caterpillar Inc., Cardone Industries Inc., Genuine Parts Company, Marshall Engines, Maval Manufacturing Inc., Jasper Engines and Transmissions, Motor Car Parts of America Inc., Standard Motor Products Inc., ATC Drivetrain Inc., Teamec BVBA and Robert Bosch GmbH.

About Persistence Market Research
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.