Emergence of new products and components for controlling a vehicle’s performance serve as an underlining driver for the market’s growth.persistencemarketresearch. By the end of 2024, more than 23 million passenger car parts will be remanufactured across European countries. And, environmental concerns associated with ageing of automobiles continues to drive this demand for automotive parts remanufacturing in Europe. The report reveals that in 2016, close to 35 million units of remanufactured automotive parts were sold across Europe. Remanufacturing of turbochargers, transmission clutches, brake calipers, and steering wheels will register rampant growth in revenues and exhibit CAGRs not less than 7.Meanwhile, over 40% of Europe’s automotive parts remanufacturing market will be accounted by passenger cars. This number is expected to soar at 7.Demand for remanufacturing engine and transmission components is fairly high across Europe, and is expected to remain so throughout the forecast period.2 Mn by the end of 2024.4%.

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. 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. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes., ZF Friedrichshafen AG, Carwood Group, Meritor Inc. 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..persistencemarketresearch. Demand for remanufacturing automotive parts will also witness an uptick among HCVs and off-highway vehicles. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. Core components are getting remodeled through remanufacturers, and are being augmented with latest hi-tech devices.com www. And, it’s the high profit margins that will compel Europe’s automakers towards remanufacturing businesses. Advent of hybrid and advanced vehicles in Europe is also favoring the adoption of automotive parts remanufacturing., Robert Bosch GmbH, Budweg Caliper A/S, Monark Automotive GmbH, and LuK Unna GmbH & Co.com/market-research/europe-. Besides, buying new parts is losing its feasibility in Europe owing to volatile prices of raw materials and fragmented presence of OEMs..comThis release was published on openPR.

Request to view table of content @ www. 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. KG.com/checkout/14263About UsPersistence Market Research (PMR) is a third-platform research firm. At PMR, we unite various data streams from multi-dimensional sources.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..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. 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.persistencemarketresearch.Contact UsPersistence Market Research305 Broadway7th Floor, New York City,NY 10007, United States,USA – Canada Toll Free: 800-961-0353Email: sales@persistencemarketresearch.8%. European Council’s stringent laws will continue curbing the rate at which worn-out car parts are discarded and dumped in Sewing machine accessories suppliers the environment.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.Request and Download Sample Report@ www.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach.persistencemarketresearch. Thus, reprocessing and testing core components of cars continues to gain traction across Europe, solidifying the growth of its automotive parts remanufacturing market.4% CAGR and surpass 56 million by the end of 2024.Buy Full Market Report@ www