Circular Economy Initiatives and Growth Opportunities from Remanufacturing in the Automotive Aftermarket, 2023
Circular Economy Initiatives and Growth Opportunities from Remanufacturing in the Automotive Aftermarket, 2023 Yahoo Finance
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Circular Economy Initiatives and Growth Opportunities from Remanufacturing in the Automotive Aftermarket, 2023
The automotive aftermarket is a significant contributor to waste and pollution including fluids, batteries, greenhouse gases, and used materials from parts. The circular economy is an alternative economic model that focuses on reducing waste and pollution by keeping products and materials in use for as long as possible.
Introduction
New York, Aug. 01, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Circular Economy Initiatives and Growth Opportunities from Remanufacturing in the Automotive Aftermarket, 2023” – https://www.reportlinker.com/p06481659/?utm_source=GNW
Sustainable Development Goals (SDGs)
The automotive aftermarket is a significant contributor to waste and pollution including fluids, batteries, greenhouse gases, and used materials from parts. The circular economy is an alternative economic model that focuses on reducing waste and pollution by keeping products and materials in use for as long as possible. By implementing circular economy initiatives in the automotive aftermarket, we can contribute to achieving several Sustainable Development Goals (SDGs), including:
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
- SDG 14: Life Below Water
- SDG 15: Life on Land
Research Scope
This research report focuses on the circular economy of automotive parts in Class 1 to 3 passenger vehicles. The base year is 2022 and the forecast period is from 2023 to 2030. Revenue is calculated at the manufacturer level and represented in US dollars.
Key Findings
The key findings of this report include:
- Growth drivers and restraints, associations, and key trends, legislation, and incentives are discussed.
- Each regional section highlights the key aftermarket indicators such as VIO, overall aftermarket revenue and revenue from reman in that region.
- Reman revenue and revenue potential is further classified based on primary categories (engine and related components, wheel and brake end, electrical and electronics, and eComponents [battery reman and power electronics]).
- The study also highlights the competitive landscape in terms of competitors, channel analysis (where applicable), regional outlook, and growth opportunities for each value chain participant.
Conclusion
The circular economy, with a focus on remanufacturing, presents significant growth opportunities in the automotive aftermarket. By embracing circular economy initiatives, we can contribute to achieving the SDGs and create a more sustainable future for the automotive industry.
About Reportlinker
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SDGs, Targets, and Indicators
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SDG 12: Responsible Consumption and Production
- Target 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling, and reuse.
- Indicator: The article highlights that the circular economy, which focuses on reducing waste and pollution by keeping products and materials in use for as long as possible, can play a significant role in reducing waste and pollution in the automotive aftermarket.
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SDG 9: Industry, Innovation, and Infrastructure
- Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes.
- Indicator: The article discusses remanufacturing as a key component of the circular economy, which can contribute to reducing waste and pollution in the automotive aftermarket.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 12: Responsible Consumption and Production | Target 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling, and reuse. | The circular economy, which focuses on reducing waste and pollution by keeping products and materials in use for as long as possible, can play a significant role in reducing waste and pollution in the automotive aftermarket. |
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes. | Remanufacturing, as a key component of the circular economy, can contribute to reducing waste and pollution in the automotive aftermarket. |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: finance.yahoo.com
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