Remanufacturing Expands In Several U.S. Industry Sectors
The U.S. is currently the world’s leading producer, consumer and exporter of remanufactured goods, and activity in this arena continues to grow, moving into more industries and expanding American job opportunities, according to a recent report by the U.S. International Trade Commission (USITC).
Remanufacturing, defined by the USITC as the industrial process of restoring “end-of-life goods” to their original working condition, currently supports 180,000 American jobs. Aerospace, heavy-duty and off-road equipment, and motor vehicle parts represent the largest U.S. manufacturing sectors.
The report identified Canada, the European Union, and Mexico as the major markets for U.S. exports of remanufactured goods, with the U.S. and the European Union accounting for the majority of remanufacturing activity and trade across the globe. Brazil, India and China continue to develop remanufacturing industries of their own, but tend to more heavily restrict their trade.
The U.S. production of remanufactured goods increased by 15 percent between 2009 and 2011, growing to approximately $43 billion and creating and supporting 180,000 full-time jobs. As the production and trade of remanufactured goods continue to grow, it could impact trade specialists and export assistant firms nationwide and provide more job opportunities within these fields.