NEW YORK, Sept. 27, 2022 /PRNewswire/ -- The industrial machinery remanufacturing market size is expected to grow by USD 304.36 billion between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 16.81% during the forecast period. Technavio identifies APAC as the major market for industrial machinery remanufacturing. The region will account for 39% of the global market share over the forecast period. Factors such as rapid industrialization and urbanization are creating significant opportunities for vendors operating in the region.
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The industrial machinery remanufacturing market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.
Technavio analyzes the market by end-user (automotive, defense, food and beverage, aerospace, and others) and geography (APAC, North America, Europe, MEA, and South America).
The automotive industry is the prime end-user in the market. The automotive industry has a long tradition of remanufacturing. This can be attributed to the benefits associated with remanufacturing such as energy saving, raw material saving, and landfill reduction among others.
The market will observe maximum growth in APAC during the forecast period. Factors such as increasing population, economic development, and rising purchasing power of farmers are driving the growth of the regional market.
This report presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters. Know more about the scope of the report. Download PDF Report Sample
The market will be driven by the rising demand for increasing asset utilization in manufacturing industries. Industrial operators are upgrading their existing machinery and equipment to enhance efficiency, reduce operational costs, and integrate all operational functions. Besides, governments across the world are imposing stricter regulations to control energy consumption. The efficiency of industrial machinery depends on the motors used in pumps. Factors such as pump size and the operating speed of the industrial machinery should be considered while selecting pumps. These factors help in evaluating the operational functionality of pumps and selecting the most suitable model. If end-users can use pumps effectively, they can save operating costs by improving the life of industrial machinery. All these factors are expected to propel the growth of the global industrial machinery remanufacturing market during the forecast period.
The industrial machinery remanufacturing market covers the following areas:
- Industrial Machinery Remanufacturing Market Sizing
- Industrial Machinery Remanufacturing Market Forecast
- Industrial Machinery Remanufacturing Market Analysis
Companies Mentioned
- ABB Ltd.: The company offers remanufactured robots, remanufactured arm exchange, and many more.
- Astro Machine Works Inc.: The company offers industrial machinery remanufacturing for heavy machinery, as well as pneumatic and hydraulic cylinders and CNC retrofitting tasks.
- Caterpillar Inc.: The company offers industrial machinery remanufacturing services that provide lower-cost products, shorter downtime, and quick and dependable service options.
- CNH Industrial NV: The company offers industrial machinery remanufacturing for camshafts, connecting rods, crankcases, crankshafts, cylinder heads, and cylinder sleeves, among others.
- Deere and Co.: The company offers industrial machinery remanufacturing which helps in reducing downtime by providing an exchange component at optimal cost.
- Elmas SRL
- Exline Inc.
- L and H Industrial Inc.
- Lee Industrial Contracting
- Pamco Machine Works Inc.
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Industrial Machinery Remanufacturing Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Decelerate at a CAGR of 16.81% |
Market growth 2022-2026 | USD 304.36 billion |
Market structure | Fragmented |
YoY growth (%) | 18.97 |
Regional analysis | APAC, North America, Europe, MEA, and South America |
Performing market contribution | APAC at 39% |
Key consumer countries | US, China, India, Germany, and UK |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | ABB Ltd., Astro Machine Works Inc., Caterpillar Inc., CNH Industrial NV, Deere and Co., Elmas SRL, Exline Inc., L and H Industrial Inc., Lee Industrial Contracting, and Pamco Machine Works Inc. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
Exhibit 07: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market characteristics
2.2 Value chain analysis
Exhibit 10: Value chain analysis: Industrial machinery
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Aftermarket and service
2.2.7 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ billion)
Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition - Five forces 2021
5 Market Segmentation by End-user
5.1 Market segments
Exhibit 22: End-user - Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 23: Comparison by End-user
5.3 Automotive - Market size and forecast 2021-2026
Exhibit 24: Automotive - Market size and forecast 2021-2026 ($ billion)
Exhibit 25: Automotive - Year-over-year growth 2021-2026 (%)
5.4 Defense - Market size and forecast 2021-2026
Exhibit 26: Defense - Market size and forecast 2021-2026 ($ billion)
Exhibit 27: Defense - Year-over-year growth 2021-2026 (%)
5.5 Food and beverage - Market size and forecast 2021-2026
Exhibit 28: Food and beverage - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Food and beverage - Year-over-year growth 2021-2026 (%)
5.6 Aerospace - Market size and forecast 2021-2026
Exhibit 30: Aerospace - Market size and forecast 2021-2026 ($ billion)
Exhibit 31: Aerospace - Year-over-year growth 2021-2026 (%)
5.7 Others - Market size and forecast 2021-2026
Exhibit 32: Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Others - Year-over-year growth 2021-2026 (%)
5.8 Market opportunity by End-user
Exhibit 34: Market opportunity by End-user
6. Customer landscape
6.1 Overview
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 35: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 36: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 37: Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 38: APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 39: APAC - Year-over-year growth 2021-2026 (%)
7.4 North America - Market size and forecast 2021-2026
Exhibit 40: North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 41: North America - Year-over-year growth 2021-2026 (%)
7.5 Europe - Market size and forecast 2021-2026
Exhibit 42: Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 43: Europe - Year-over-year growth 2021-2026 (%)
7.6 MEA - Market size and forecast 2021-2026
Exhibit 44: MEA - Market size and forecast 2021-2026 ($ billion)
Exhibit 45: MEA - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 46: South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: South America - Year-over-year growth 2021-2026 (%)
7.8 Key leading countries
Exhibit 48: Key leading countries
7.9 Market opportunity by geography
Exhibit 49: Market opportunity by geography
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Rising demand for increasing asset utilization in manufacturing industries
8.1.2 Increase in demand for natural food in the food & beverage segment
8.1.3 Rise in demand for optimization of costs at the same service level, from various organization
8.2 Market challenges
8.2.1 Competitive pricing strategy of low-cost Asian manufacturers
8.2.2 Intense competition among market players
8.2.3 Fluctuations in the prices of raw materials
Exhibit 50: Impact of drivers and challenges
8.3 Market trends
8.3.1 Rising adoption of repair and remanufacture for industrial machinery
8.3.2 Growing adoption of Industry 4.0
8.3.3 Shift from on-premises to cloud-based systems
9. Vendor Landscape
9.1 Overview
Exhibit 51: Vendor landscape
The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
9.2 Landscape disruption
Exhibit 52: Landscape disruption
Exhibit 53: Industry risks
9.3 Competitive Scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 54: Vendors covered
10.2 Market positioning of vendors
Exhibit 55: Market positioning of vendors
10.3 ABB Ltd.
Exhibit 56: ABB Ltd. - Overview
Exhibit 57: ABB Ltd. - Business segments
Exhibit 58: ABB Ltd. – Key news
Exhibit 59: ABB Ltd. - Key offerings
Exhibit 60: ABB Ltd. - Segment focus
10.4 Astro Machine Works Inc.
Exhibit 61: Astro Machine Works Inc. - Overview
Exhibit 62: Astro Machine Works Inc. - Product and service
Exhibit 63: Astro Machine Works Inc. - Key offerings
10.5 Caterpillar Inc.
Exhibit 64: Caterpillar Inc. - Overview
Exhibit 65: Caterpillar Inc. - Business segments
Exhibit 66: Caterpillar Inc. - Key offerings
Exhibit 67: Caterpillar Inc. - Segment focus
10.6 CNH Industrial NV
Exhibit 68: CNH Industrial NV - Overview
Exhibit 69: CNH Industrial NV - Business segments
Exhibit 70: CNH Industrial NV - Key news
Exhibit 71: CNH Industrial NV - Key offerings
Exhibit 72: CNH Industrial NV - Segment focus
10.7 Deere and Co.
Exhibit 73: Deere and Co. - Overview
Exhibit 74: Deere and Co. - Business segments
Exhibit 75: Deere and Co. – Key news
Exhibit 76: Deere and Co. - Key offerings
Exhibit 77: Deere and Co. - Segment focus
10.8 Elmas SRL
Exhibit 78: Elmas SRL - Overview
Exhibit 79: Elmas SRL - Product and service
Exhibit 80: Elmas SRL - Key offerings
10.9 Exline Inc.
Exhibit 81: Exline Inc. - Overview
Exhibit 82: Exline Inc. - Product and service
Exhibit 83: Exline Inc. - Key offerings
10.10 L and H Industrial Inc.
Exhibit 84: L and H Industrial Inc. - Overview
Exhibit 85: L and H Industrial Inc. - Product and service
Exhibit 86: L and H Industrial Inc. - Key offerings
10.11 Lee Industrial Contracting
Exhibit 87: Lee Industrial Contracting - Overview
Exhibit 88: Lee Industrial Contracting - Product and service
Exhibit 89: Lee Industrial Contracting - Key offerings
10.12 Pamco Machine Works Inc.
Exhibit 90: Pamco Machine Works Inc. - Overview
Exhibit 91: Pamco Machine Works Inc. - Product and service
Exhibit 92: Pamco Machine Works Inc. - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 93: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 94: Research Methodology
Exhibit 95: Validation techniques employed for market sizing
Exhibit 96: Information sources
11.4 List of abbreviations
Exhibit 97: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Newsroom: newsroom.technavio.org/news/industrial-machinery-remanufacturingmarket
SOURCE Technavio
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