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.
Browse detailed – Commercial Vehicle Engine Remanufacturing Market Revenue Estimation and Growth Forecast Report
The demand for remanufacturing of vehicle engines is higher in North America, due to massive penetration of commercial vehicles. The remanufacturing of vehicle engines is projected to fuel in the APAC-based countries due to the short life of the vehicle in the region. Hence, it will propel the remounting of the commercial vehicle engine in the region.
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.
