Press release
Europe Automotive Parts Remanufacturing Market are Likely to Raise Up to US$ 21.4 Bn by 2024
Europe Automotive Parts Remanufacturing Market Report Overview @ https://www.persistencemarketresearch.com/market-research/europe-automotive-parts-remanufacturing-market.asp
According to its report, titled “Automotive Parts Remanufacturing Market: Europe Industry Analysis and Forecast, 2016-2024,” Persistence Market Research projects that during the forecast period, Europe’s automotive parts remanufacturing market will register a steady value CAGR of 6.4%. The report reveals that in 2016, close to 35 million units of remanufactured automotive parts were sold across Europe. This number is expected to soar at 7.4% CAGR and surpass 56 million by the end of 2024. And, environmental concerns associated with ageing of automobiles continues to drive this demand for automotive parts remanufacturing in Europe.
Emergence of new products and components for controlling a vehicle’s performance serve as an underlining driver for the market’s growth. Advent of hybrid and advanced vehicles in Europe is also favoring the adoption of automotive parts remanufacturing. Core components are getting remodeled through remanufacturers, and are being augmented with latest hi-tech devices. Demand for remanufacturing engine and transmission components is fairly high across Europe, and is expected to remain so throughout the forecast period. Remanufacturing of turbochargers, transmission clutches, brake calipers, and steering wheels will register rampant growth in revenues and exhibit CAGRs not less than 7.8%.
Request Sample Report@ https://www.persistencemarketresearch.com/samples/14263
Meanwhile, over 40% of Europe’s automotive parts remanufacturing market will be accounted by passenger cars. By the end of 2024, more than 23 million passenger car parts will be remanufactured across European countries. Demand for remanufacturing automotive parts will also witness an uptick among HCVs and off-highway vehicles. Being Europe’s leading country in automobile manufacturing, Germany will continue to dominate the market with over one-third revenue share throughout the forecast period. The report further reveals that in 2017 and beyond, the demand for automotive parts remanufacturing will incur impressive growth in the UK, while countries such as France, Italy and Russia will come up short.
Request Report Multiple Chapter @ https://www.persistencemarketresearch.com/multiple-chapter/14263
In the years to come, Europe will continue to be recognized for housing automotive industry leaders such as Mercedes-Benz, Bayerische Motoren Werke and Volkswagen, among others. And, it’s the high profit margins that will compel Europe’s automakers towards remanufacturing businesses. Higher profit margins associated with aftermarket sales of automotive components, coupled with minimal input costs for remanufacturing discarded products, are consolidating the competitive landscape in Europe’s automotive parts remanufacturing market. Key players participating in the growth of automotive parts remanufacturing market in Europe include, Borg Automotive A/S, Valeo SA, Caterpillar Inc., ZF Friedrichshafen AG, Carwood Group, Meritor Inc., Robert Bosch GmbH, Budweg Caliper A/S, Monark Automotive GmbH, and LuK Unna GmbH & Co. KG.
Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/market-research/europe-automotive-parts-remanufacturing-market/toc
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Europe Automotive Parts Remanufacturing Market are Likely to Raise Up to US$ 21.4 Bn by 2024 here
News-ID: 1038051 • Views: …
More Releases from Persistence Market Research
North America Deck Design Software Market Predicted to Reach USD 161.6 Million b …
The North America deck design software market is poised for significant growth, projected to expand at a CAGR of 11.3% from 2025 to 2032. The market size is expected to rise from US$ 76.3 million in 2025 to US$ 161.6 million by 2032, reflecting the increasing adoption of digital solutions in the construction and real estate sectors. Deck design software is revolutionizing how architects, builders, and homeowners conceptualize outdoor living…
Gesture Recognition and Touchless Sensing Market Anticipated to Hit USD 117.3 Bi …
The global gesture recognition and touchless sensing market is set for exponential growth, with the market projected to reach US$ 29.5 billion by 2025. Forecasts indicate it will grow at a robust CAGR of 21.8% from 2025 to 2032, achieving a market value of US$ 117.3 billion by 2032. The market's expansion is largely driven by the rising demand for contactless interfaces and automation across diverse industries. Gesture recognition and…
Rising Urban Vehicle Density and Shrinking Parking Spaces to Drive Automated Par …
The global automated parking system market is positioned for strong growth over the next decade as cities continue to grapple with urban congestion and limited space. Valued at US$ 2.5 Bn in 2025, the market is projected to nearly double, reaching US$ 4.9 Bn by 2032, reflecting a robust CAGR of 10.2% during the forecast period. This surge is largely fueled by the rising adoption of smart city solutions, the…
Mining Simulation Software Market Forecast to Expand to USD 4.8 Billion by 2031
The global mining simulation software market is poised for robust growth over the forecast period, driven by rising technological integration in the mining and construction sectors. In 2024, the market is valued at approximately US$ 2.6 billion and is projected to reach US$ 4.8 billion by 2031, registering a healthy CAGR of 8.9%. Mining simulation software allows companies to model mining operations virtually, improving operational efficiency, reducing risks, and enhancing…
More Releases for Europe
2019 Strategy Consulting Market Analysis | McKinsey, The Boston Consulting Group …
Strategy Consulting Market reports also offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as analyzing and understanding the market trends
Need for strategic planning in highly competitive environment and to develop business capabilities to meet & exceed the emerging requirements are the major drivers which help in surging…
Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola …
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The key players covered in this study
McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europe…
Digital Strategy Consulting Market is Thriving Worldwide with Deloitte, McKinsey …
A Digital Strategy is a form of strategic management and a business answer or response to a digital question, often best addressed as part of an overall business strategy. A digital strategy is often characterized by the application of new technologies to existing business activity and focus on the enablement of new digital capabilities to their business.
A new report as a Digital Strategy Consulting market that includes a comprehensive analysis…
Strategy Consulting Market 2019: By McKinsey, The Boston Consulting Group, Bain …
This report studies the global Strategy Consulting market, analyzes and researches the Strategy Consulting development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
• McKinsey
• The Boston Consulting Group
• Bain & Company
• Booz & Co.
• Roland Berger Europe
• Oliver Wyman Europe
• A.T. Kearney Europe
• Deloitte
• Accenture Europe
Get Sample Report@ https://www.reporthive.com/enquiry.php?id=1247388&req_type=smpl&utm_source=AB
Market segment by Type, the product can be split into
• Operations Consultants
• Business Strategy Consultants
• Investment Consultants
• Sales and…
Strategy Consulting Market Analysis 2018: McKinsey, The Boston Consulting Group, …
Orbis Research Present’s “Global Strategy Consulting Market” magnify the decision making potentiality and helps to create an effective counter strategies to gain competitive advantage.
The global Strategy Consulting status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Strategy Consulting development in United States, Europe and China.
In 2017, the global Strategy Consulting market size was million US$ and it is expected to reach million…
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play …
UpMarketResearch published an exclusive report on “Influenza Vaccination market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This…
