The Europe automotive parts remanufacturing market is set to be valued over US$ 44 Bn by 2031, according to latest research by Persistence Market Research, a research and consulting firm. The report estimates the market to surge at a steady CAGR of close to 7% though the course of 2021-2031.
Government regulatory actions are aimed at gradually increasing resource productivity, potentially leading to environmental pricing. For example, the European Council and Parliament’s Waste Directive 2008/98/EC provided a legislative framework for waste management in European countries. Furthermore, it established fundamental definitions, ideas, and concepts such as waste hierarchy and the polluter pays principle. In the near future, Europe’s countermeasures are expected to include stronger environmental regulations for products as well as new ways to tax ecosystem services and resources.
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FACTS AT A GLANCE
Companies: Borg Automotive A/S, Caterpillar Inc., ZF Friedrichshafen AG, Carwood Group, Meritor, Inc., Valeo SA, Robert Bosch GmbH, Monark Automotive GmbH, Budweg Caliper A/S, ATC Drivetrain, RECRO Ltd., FZT Unna GmbH, E. & U. Hetzel GmbH, Autrans Transmissions Parts & Service B.V., and Scandinavian Transmission Service AB, VEGE Group.
Coverage: All major geographies and key segments
Segments: Europe Automotive Parts Remanufacturing Market Segmented By Turbocharger, EGR Valve, Carburettors as Engine and Related Parts and Clutches, Bearings as Transmission and Related Parts and Starters, Alternators as Electricals and Electronics for Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, All-Terrain Vehicles, Off-Highway Vehicles
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Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
Persistence Market Research recently published a revised report on the Europe automotive parts remanufacturing market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the market will grow over the forecast period of 2021 to 2031.
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Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in Persistence Market Research’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the automotive parts remanufacturing market over the forecast period.
The study is relevant for stakeholders in the market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand the applicable strategies to grow in this space. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the automotive parts remanufacturing market can leverage the information and statistics presented in this research report.
The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting market growth. The study also offers actionable insights based on the future trends in the automotive parts remanufacturing market. Furthermore, regional players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in this landscape.
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