Europe Automotive Parts Remanufacturing Market Predicted to Rake in US$ 21.4 Bn by 2024-end
View Full Report TOC, Figures and Tables: 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.
Request to view Sample Report: https://www.persistencemarketresearch.com/samples/14263
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%.
Need more information about Report methodology ? @ https://www.persistencemarketresearch.com/methodology/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.
Europe Automotive Parts Remanufacturing Market Report is available @ $3900
In the years to come, Europe will continue to be recognized for housing automotive industry leaders such as Mercedes-Benz, Bayerische Motoren Werke and Volkswagen, among others. And, it’s the high profit margins that will compel Europe’s automakers towards remanufacturing businesses. Higher profit margins associated with aftermarket sales of automotive components, coupled with minimal input costs for remanufacturing discarded products, are consolidating the competitive landscape in Europe’s automotive parts remanufacturing market. Key players participating in the growth of automotive parts remanufacturing market in Europe include, Borg Automotive A/S, Valeo SA, Caterpillar Inc., ZF Friedrichshafen AG, Carwood Group, Meritor Inc., Robert Bosch GmbH, Budweg Caliper A/S, Monark Automotive GmbH, and LuK Unna GmbH & Co. KG.
Persistence Market Research Overview:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
USA - Canada Toll-Free: 800-961-0353
PMR Blog: https://pmrblog.com/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Europe Automotive Parts Remanufacturing Market Predicted to Rake in US$ 21.4 Bn by 2024-end here
News-ID: 791733 • Views: 173
More Releases from PMR - Research Report
Increasing Adoption of Smart LED Street Lighting Owing to Cost-Efficiency and Su …
Significant growth in transportation infrastructure including roads and highways to provide better connectivity is leading to the growing demand for better street lighting system ensuring better visibility and safety. In recent years, advancement in technology and development of smart cities has resulted in the wide adoption of connected street lighting. Smart LED street lighting has emerged as a sustainable and cost-effective option for cities with limited use of energy along
Intelligent Ozone Generators: Providing Remote Monitoring and Reducing Response …
Wide range of Ozone generators are being produced to meet the growing demand from chemical, food and beverages industries, and water and air treatment. New ozone generators are constantly being developed using advanced technologies to increase functionality and accessibility. Moreover, in terms of design, portable and energy-efficient ozone generators are being produced in large amount, keeping ozone generators mobile and lightweight. A sample of this report is available upon request
Protein Hydrolysate Ingredient Market expanding at remarkable CAGR of 7.3% throu …
Rapid inclination of consumers towards sport nutrition on the coattails of rising awareness regarding health and nutrition-related issues has been influencing the demand for protein hydrolysate ingredients, mostly whey variants, in the recent years. Numerous health benefits of whey protein hydrolysate ingredients and their derivation from best sources of protein are the key factors expected to increase the consumption and give a boost to growth of global protein hydrolysate ingredients
Portable Battery Pack (Power Banks) Market to Witness Comprehensive Growth of US …
Large number of potential mobile phone consumer in the globe are opting for power banks, also known as power battery packs is fairly plausible. Moreover, attraction of smartphone users towards the use of power banks is likely to remain contingent on their lifestyle. The study led by Persistence Market Research reveals that multimedia device & smartphone propagation delivers as a robust distribution network to the power battery packs products. The
More Releases for Europe
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market https://www.qandqmarketresearch.com/reports/wooden-doors-market-78 This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Radiotherapy Market
The Europe Radiotherapy Market research report consists of a primary and secondary research along with an in-depth analysis of the quantitative and qualitative aspects by the expert industry analysts and professionals, leading management bodies, to gain a profound insight of the industry as well as the industry performance. The Europe Radiotherapy Market report presents a lucid picture of the current industry landscape, including the historical and projected market size, based
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining