Press release
Automotive Parts Remanufacturing Market in Europe is Likely to be Worth US$ 21.4 Bn by 2024
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.
European Council’s stringent laws will continue curbing the rate at which worn-out car parts are discarded and dumped in the environment. Measures as such are reinforcing the growth of remanufacturing business across the region which is known for its significant contribution to the global automobile industry. Besides, buying new parts is losing its feasibility in Europe owing to volatile prices of raw materials and fragmented presence of OEMs.
Thus, reprocessing and testing core components of cars continues to gain traction across Europe, solidifying the growth of its automotive parts remanufacturing market. Persistence Market Research recently valued the automotive parts remanufacturing market in Europe at US$ 12,152 Mn, and expected it to reach US$ 21,433.2 Mn by the end of 2024.
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.
Request to view table of content @ https://www.persistencemarketresearch.com/market-research/europe-automotive-parts-remanufacturing-market/toc
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%.
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.
Request and Download Sample Report@ https://www.persistencemarketresearch.com/samples/14263
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.
Buy Full Market Report@ https://www.persistencemarketresearch.com/checkout/14263
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 Automotive Parts Remanufacturing Market in Europe is Likely to be Worth US$ 21.4 Bn by 2024 here
News-ID: 746332 • Views: …
More Releases from Persistence Market Research Pvt.Ltd
Global Food Fiber Market is forecast to expand at a CAGR of 5.7% from 2017 to 20 …
Some of the prominent players operating in the global food fiber market are J. RETTENMAIER & SÖHNE GmbH, Co KG, Kerry Group, Grain Processing Corporation, Nexira, SunOpta, Inc., Ingredion Roquette Frères S.A., Archer-Daniels-Midland Company, Tate & Lyle plc, and Cargill, Inc., notes Persistence Market Research (PMR). Several of these players are investing on advanced fiber fortification technologies for developing innovative formulations that have a variety of functional health benefits, in…
In Vitro Protein Expression Market Accounting for US$ 250 Mn in 2025
Persistence Market Research has come up with an analytical research publication titled “In Vitro Protein Expression Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025).” The comprehensive in vitro protein expression market research report focuses on various trends, developments, opportunities, restraints, drivers and challenges impacting the growth of the global in vitro protein expression market. These factors vary in magnitude in different regions for which a detailed analysis is covered in…
Tert-Amyl Methyl Ether Market Estimated to Experience a Hike in Growth by 2025
Introduction
Ether compounds such as MTBE, ETBE, TAEE and TAME are used in fuel especially in gasoline in order to improve the combustion properties of fuels. Among these compounds, Tert-Amyl Methyl Ether used as oxygenated additive for the gasoline. Tert-Amyl Methyl Ether, formula (CH3)3 CH2COCH3, is an organic compound, used in fuel to improve its octane number. TAME is generally produced through the catalytic reaction between methanol (MeOH) and the 2-methyl-2-butene…
Radar Simulator Market Significant Profits Estimated to be Generated by 2025
Radar simulator market is on upward scale, owing to increase in adaptation of modern technologies for the training purpose in commercial and military aircrafts & ships. Radar simulator is either software solution or combination of both software and hardware. Radar simulators emulate various radars and initiate their working to provide users with an artificial and apt environment for radar training and functional/system testing. The software solutions can be installed in…
More Releases for Europe
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…
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…
Global Strategy Consulting Market Research Report 2018-2025 | Global Key Player …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Strategy Consulting Market Size, Status and Forecast 2018-2025” which provides an outlook for current market value as well as the expected growth of Strategy Consulting during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export…
Strategy Consulting Market Deep Insights with Core Business Strategies 2018 - Ro …
Strategy Consulting Market report provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. It also consist of major data along with forecasts of a global market along with clear presentation of diagrams (charts and tables).
Global strategy consulting market size status and forecast 2025 has a vast collection of market research reports concerning the software industry, its sub-sectors, and…
Wearable Heart Monitoring Devices Market 2018 To 2023 – Top Leaders Beurer Gmb …
The Worldwide Wearable Heart Monitoring Devices Market is growing at a healthy rate. The major players in this market are Medtronic (U.S.), Kinetec Products UK Ltd. (South America), Beurer GmbH (Europe), Medisana AG (Europe), Briggs Healthcare (U.S.), Polar Electro (Europe), SUUNTO (Europe), Koninklijke Philips N.V. (Europe), Garmin Ltd. (Europe) and others. The Wolrdwide Wearable Heart Monitoring devices is segmented on the basis of products, type, application, and end users. On…
Surgical Equipment Market 2018 Leading Manufacturer in Europe, the Middle East & …
The Europe, the Middle East & Africa Surgical Equipment Market is expected to grow at an approximate CAGR of 6.7% during the forecast period.
A surgical equipment is a designed tool or device to carry out various surgical procedures so as to modifying biological tissues and to provide access for viewing them. The surgical equipment can be designed specifically for a particular surgery or it can be used as general purpose…
