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Europe Automotive Parts Remanufacturing Market is Expected To Propel Key Trends and Growth Rate at a CAGR of 7.4% by 2027 | LuK Unna GmbH & Co. KG, Valeo SA, Schouw & Co., ZF Friedrichshafen AG, Monark Automotive GmbH

04-27-2022 11:18 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Europe Automotive Parts Remanufacturing Market

Europe Automotive Parts Remanufacturing Market

Automotive spare parts, especially after some time of continuous use, experience wear and tear or damage, and need replacement or repair. Automotive parts remanufacturing refers to the business involved in the manufacturing process, such as product dismantling, replacing, and restoring. A properly remanufactured part is virtually indistinguishable from a new part and is the functional equivalent of a new part. Remanufactured parts undergo extensive testing to ensure they meet industry specifications in order to perform as new parts. Moreover, such parts must be labeled as 'rebuilt' so that they are not mistakenly accepted as new.

๐—ง๐—ผ ๐—ž๐—ป๐—ผ๐˜„ ๐˜๐—ต๐—ฒ ๐—Ÿ๐—ฎ๐˜๐—ฒ๐˜€๐˜ ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€ ๐—ฃ๐—ฟ๐—ฒ๐˜ƒ๐—ฎ๐—น๐—ฒ๐—ป๐˜ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ฃ๐—ฟ๐—ฒ๐˜€๐˜€ ๐—ฅ๐—ฒ๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ @
https://www.coherentmarketinsights.com/insight/request-pdf/3311

Growth of the Europe automotive parts remanufacturing market can be attributed to stringent government regulations or policies regarding waste management. For example, the 2008/98/EC directive of the European Council and Parliament on waste established legal framework for the treatment of waste in Europe. This directive is designed to protect the environment and human health by preventing or reducing the adverse impacts of the generation and management of waste and by reducing overall impacts of resource use and improving the efficiency of such use. Moreover, the Europe automotive parts remanufacturing market growth is driven by the End-of-Life Vehicles legislation.

๐“๐ก๐ž ๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐š๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ฉ๐š๐ซ๐ญ๐ฌ ๐ซ๐ž๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž๐ ๐ญ๐จ ๐ž๐ฑ๐ก๐ข๐›๐ข๐ญ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ•.๐Ÿ’% ๐จ๐ฏ๐ž๐ซ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐ฉ๐ž๐ซ๐ข๐จ๐ (๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•).

Remanufactured parts of high quality are expected to witness significant demand across Europe and is expected to offer lucrative growth opportunities for market players in the near future. This is owing to increasing vehicle age and stringent regulatory legislation. Increasing demand from consumers for different product types is expected to offer growth opportunity and undergo high growth of OEM market over the forecast period. Keeping this in mind, many OEMs and suppliers have made strategic plans to expanding their remanufacturing market footprint over the region.

Remanufacturing also helps conserve valuable raw materials, such as copper, aluminum, and steel. The European Union has adopted ambitious new targets to curb climate change, with a pledge to make them legally binding. Under a new law agreed between member states and the EU Parliament, the bloc planned to cut carbon emissions by at least 55% by 2030, compared with 1990 levels. This in turn is also expected to augment the growth of the Europe automotive parts remanufacturing market. However, the major factors restraining the growth of the market are the lack of skilled workers and technical know-how about third-party products.

๐—ž๐—ฒ๐˜† ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜๐˜€:-

โžก Key companies in the market are focused on mergers and acquisitions, in order to gain competitive edge in the market.

โžก For instance, in March 2017, Schouw & Co., a Denmark-based conglomerate, acquired Borg Automotive and invested in the remanufacturing of auto parts.

โžก In January 2018, ZF Friedrichshafen AG received "Best Brands Award", sponsored by Auto Services Praxis AUTOHAUS.

๐—ช๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐—Ÿ๐—ฒ๐—ฎ๐—ฟ๐—ป ๐— ๐—ผ๐—ฟ๐—ฒ ๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ถ๐˜€ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต? ๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฎ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ก๐—ผ๐˜„ @
https://www.coherentmarketinsights.com/insight/request-sample/3311

๐—ž๐—ฒ๐˜† ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€: Borg Automotive A/S, Budweg Caliper A/S, Caterpillar Inc., LuK Unna GmbH & Co. KG, Valeo SA, Schouw & Co., ZF Friedrichshafen AG, Monark Automotive GmbH, Carwood Group, Robert Bosch GmbH, and Meritor, Inc.

๐——๐—ฒ๐˜๐—ฎ๐—ถ๐—น๐—ฒ๐—ฑ ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป:-

Europe Automotive Parts Remanufacturing, By Vehicle Type
โƒ Passenger Car
โƒ LCV
โƒ HCV
โƒ All-Terrain Vehicles
โƒ Off-Highway Vehicles

Europe Automotive Parts Remanufacturing, By Components
โƒ Engine & Related parts
โƒ Turbochargers
โƒ EGR Valves
โƒ Carburetors
โƒ Transmission & Related Parts
โƒ Clutches
โƒ Bearings
โƒ Electricals & Electronics
โƒ Starters
โƒ Alternators
โƒ Others
โƒ Wheel and brakes related Parts
โƒ Hub Assemblies
โƒ Master Cylinders
โƒ Brake Calipers
โƒ Bearings
โƒ A/C Compressors
โƒ Steering
โƒ Fuel Systems
โƒ Others

๐—ฃ๐˜‚๐—ฟ๐—ฐ๐—ต๐—ฎ๐˜€๐—ฒ ๐˜๐—ต๐—ถ๐˜€ ๐—ฃ๐—ฟ๐—ฒ๐—บ๐—ถ๐˜‚๐—บ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ง๐—ผ ๐—”๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€ ๐—™๐˜‚๐—น๐—น ๐—œ๐—ป๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป (๐—™๐—น๐—ฎ๐˜ ๐—จ๐—ฆ๐—— ๐Ÿฎ๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—ข๐—™๐—™) @
https://www.coherentmarketinsights.com/promo/buynow/3311

๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—–๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฎ๐—ด๐—ฒ:-

โžผ The report studies the Europe Automotive Parts Remanufacturing market based on product, end-user, and region
โžผ The report analyses factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth
โžผ The report evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders
โžผ The report studies micro-markets with respect to their growth trends, prospects, and contributions to the total Europe Automotive Parts Remanufacturing market
โžผ The report forecasts the revenue of market segments with respect to five major regions

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐˜€:-
Mr Shah
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐˜‚๐˜€:-
Coherent Market Insights is a global market intelligence and consulting firm that offers syndicated and customised research reports as well as consulting services. We're known for our actionable insights and reliable reports in a wide range of industries, including aerospace and defence, agriculture, food and beverage, automotive, chemicals and materials, and virtually every other domain and sub-domain imaginable. Our clients benefit from our highly reliable and accurate reports. We're also committed to continuing to provide measurable, long-term results for our clients after COVID-19 by playing a leading role in providing insights into various sectors.

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