Based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services.2 Mn by the end of 2024. And, it’s the high profit margins that will compel Europe’s automakers towards remanufacturing businesses. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs. By the end of 2024, more than 23 million passenger car parts will be remanufactured across European countries…
PMR stands committed to bringing more accuracy and speed to clients’ business decisions.
Persistence Market Research (PMR) is a U.. 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. 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. Core components are getting remodeled through remanufacturers, and are being augmented with latest hi-tech devices. 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., ZF Friedrichshafen AG, Carwood Group, Meritor Inc. Advent of hybrid and advanced vehicles in Europe is also favoring the adoption of automotive parts remanufacturing.S. 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.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.
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. And, environmental concerns associated with ageing of automobiles continues to drive this demand for automotive parts remanufacturing in Europe., Robert Bosch GmbH, Budweg Caliper A/S, Monark Automotive GmbH, and LuK Unna GmbH & Co. The report reveals that in 2016, close to 35 million units of remanufactured automotive parts were sold across Europe.Emergence of new products and components for controlling a vehicle’s performance serve China Stainless steel punching parts Manufacturers as an underlining driver for the market’s growth. This number is expected to soar at 7. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values. Demand for remanufacturing automotive parts will also witness an uptick among HCVs and off-highway vehicles. Meanwhile, over 40% of Europe’s automotive parts remanufacturing market will be accounted by passenger cars.Contact
Persistence Market Research Pvt.
Persistence Market Research recently valued the automotive parts remanufacturing market in Europe at US$ 12,152 Mn, and expected it to reach US$ 21,433.4%.4% CAGR and surpass 56 million by the end of 2024. Demand for remanufacturing engine and transmission components is fairly high across Europe, and is expected to remain so throughout the forecast period. Key players participating in the growth of automotive parts remanufacturing market in Europe include, Borg Automotive A/S, Valeo SA, Caterpillar Inc. Remanufacturing of turbochargers, transmission clutches, brake calipers, and steering wheels will register rampant growth in revenues and exhibit CAGRs not less than 7.