Press release
Europe Automotive Parts Remanufacturing Market Expected to Reach US$ 21.4 Billion by 2024
Europe Automotive Parts Remanufacturing Market
Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/14263
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 to view Table of Content @ http://www.persistencemarketresearch.com/market-research/europe-automotive-parts-remanufacturing-market/toc
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.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/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.
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients business needs.
PMR stands committed to bringing more accuracy and speed to clients business decisions. From ready-to-purchase market research reports to customized research solutions, PMRs engagement models are highly flexible without compromising on its deep-seated research values.
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
media@persistencemarketresearch.com
Web: 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 Expected to Reach US$ 21.4 Billion by 2024 here
News-ID: 542982 • Views: …
More Releases from Persistence Market Research
Fan-Out Wafer Level Packaging Market to Reach US$5.93 Bn by 2032: Growth Driven …
The global fan-out wafer level packaging (FOWLP) market is witnessing rapid expansion as the semiconductor industry continues to push the limits of performance, miniaturization, and energy efficiency. Fan-out wafer level packaging, a next-generation semiconductor packaging technology, offers significant advantages over traditional packaging techniques by enabling higher input/output (I/O) density, reduced package thickness, and enhanced electrical performance. As consumer electronics, automotive electronics, and advanced computing devices demand faster and more compact…
Hydrogen Tube Trailer Market to Reach US$ 651.9 Mn by 2032: Growth Driven by Ris …
The global hydrogen tube trailer market is experiencing remarkable growth, fueled by the expanding hydrogen economy and increasing demand for efficient and safe hydrogen transportation solutions. As hydrogen continues to emerge as a critical component in the global energy transition toward low-carbon and renewable fuels, the need for advanced logistics infrastructure-including high-capacity tube trailers-has become increasingly essential.
According to the latest study by Persistence Market Research, the global hydrogen tube trailer…
Paraffin Wax Market to Reach US$9.73 Billion by 2032, Driven by Growing Demand i …
The global paraffin wax market is experiencing a robust expansion, fueled by its versatile applications across a wide range of industries such as packaging, candle manufacturing, cosmetics, and pharmaceuticals. Paraffin wax, a petroleum-derived material known for its translucency, water resistance, and smooth texture, continues to be an indispensable ingredient in both industrial and consumer products.
According to the latest study by Persistence Market Research, the global paraffin wax market size is…
Coil Coatings Market to Reach US$5.3 Billion by 2032: Growth Driven by Expanding …
The global coil coatings market is witnessing sustained growth, driven by rising demand from the construction, automotive, and appliance manufacturing industries. Coil coatings-also known as pre-painted metal coatings-are applied to metal sheets and strips before fabrication, offering enhanced durability, corrosion resistance, and aesthetic appeal. These coatings not only improve product lifespan but also reduce environmental impact by minimizing waste and VOC (volatile organic compound) emissions compared to traditional post-painting methods.
According…
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…
