Governments are promoting sustainable practices in almost every sector around the world. This, combined with the growing demand for hard-to-find automobile components, has made part remanufacturing a lucrative business. According to a new Fact.MR report, the global automotive parts remanufacturing market is expected to reach US$ 70.12 billion in 2024, growing at a 9.3% CAGR through 2034.
Remanufacturers and original equipment manufacturers (OEMs) are working together to promote… Continue
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