Remanufacturing plays a critical role in many industries in America and Europe, where the development is mainly promoted by most OEMs and tier-one suppliers under the demands of the market. The annual sales volume of American remanufacturing auto parts comes to $40 billion while the penetration rate of some remanufacturing spare parts even reaches 85% in Europe.

With the rapid growth of remanufacturing business in China, NDRC has issued a series of policies to deepen the remanufacturing pilot program and strengthen their continuous support for the remanufacturing business. It is estimated that the remanufacturing industry boasts an extensive future and the value of related industry may amount to 190 billion RMB with the contribution of outcomes from MIIT together with NDRC approved trial companies. In China, diverse industries including automobile, machinery, machine tool, IT equipment and spare parts industry, etc. have been paid high attention to by international and national leading companies like Caterpillar, Cummins, Sany, Sinotruk, XCMG, TRW, Wabco etc. with tremendous business investment.