MEMA Aftermarket Suppliers, a trade association for vehicle suppliers, parts manufacturers and remanufacturers in North America, recently released its inaugural Remanufacturing Landmark Study examining the growing U.S. remanufactured-parts market across the light and commercial vehicle segments from 2019 to 2030.
The study establishes an industry baseline for suppliers, distributors, service providers, fleets, and other stakeholders to guide strategy and investment and provides a comprehensive, data-driven view of the remanufacturing ecosystem.
“By combining rigorous analysis with real-world input from across the value chain, we’re equipping decision-makers with the insights they need to navigate and plan around key shifts and transformations within the industry,” Philip Atkins, MEMA strategic research and planning director, said.
Insights include remanufacturing has a positive outlook through the decade with variable demand among individual product categories. Remanufacturing often delivers cost savings of 30 percent to 50 percent without compromising quality or warranty, but the industry must close perceived quality gaps to achieve broader adoption. Engineering with reman in mind, optimized logistics, and focused industry advocacy can help the industry grow.
The association presented the study’s findings at MEMA’s Remanufacturing Roadshow & Annual Conference in June and during an August webinar. MEMA now publishes three aftermarket landmark studies annually.