Standardwheels

Previous slide
Next slide

Europe Automotive Parts Remanufacturing Market size is expected … – GlobeNewswire

| Source: Persistence Market Research Persistence Market Research
New York, New York, UNITED STATES
New York, July 27, 2023 (GLOBE NEWSWIRE) — In 2023, the Europe Automotive Parts Remanufacturing Market will be worth US$ 20.10 Billion. and is projected to expand steadily at a CAGR of 7.2% to reach a market valuation of close to US$ 40.10 Billion by 2033.        
The Europe automotive parts remanufacturing market has emerged as a crucial segment of the automotive industry, driven by the growing emphasis on sustainability, cost-efficiency, and reducing carbon footprints. Remanufacturing, an environmentally responsible practice, involves refurbishing used parts to their original performance standards, offering an attractive alternative to new parts. This article delves into the market overview, size, growth, segmentation, regional analysis, drivers, challenges, trends, future outlook, key study points, competitive landscape, and recent developments in the Europe automotive parts remanufacturing market.
Market Overview
Automotive parts remanufacturing has gained significant traction in Europe due to its environmental benefits, resource conservation, and cost-effectiveness. As governments and consumers increasingly focus on sustainable practices, remanufactured parts have become a preferred choice for both original equipment manufacturers (OEMs) and aftermarket suppliers.
Supercharge Your Business Strategy with Market Intelligence: Request Your Free Sample Copy now@ https://www.persistencemarketresearch.com/samples/14263
Top Companies are: 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., Scandinavian Transmission Service AB, VEGE Group.
Market Drivers and Challenges:
Market Drivers:
Challenges:
 If you want to Purchase Specific Insights By Segment/Region/Competitor, Request For Customization@ https://www.persistencemarketresearch.com/request-customization/14263  
Market Trends:
Future Outlook:
The future of the Europe automotive parts remanufacturing market looks promising. As the automotive industry witnesses a gradual shift towards sustainable practices, remanufacturing is likely to gain further momentum. Advancements in testing and inspection technologies, along with improved quality control, will boost consumer confidence in remanufactured parts. Moreover, initiatives from governmental bodies and automotive associations to promote eco-friendly practices will propel the market’s growth.
Key Market Study Points:
If You Want To Know the Business Opportunity/Market Value, Purchase The Premium Insight @ https://www.persistencemarketresearch.com/checkout/14263
Competitive Analysis
The Europe Automotive Parts Remanufacturing Market is moderately competitive, with a number of significant manufacturers present. Large corporations are expanding their operations and market share.
Top Key Players are: 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., Scandinavian Transmission Service AB, VEGE Group
Foreign players are projected to grow their footprint through mergers and acquisitions during the next decade. Improving regional economic conditions, as well as a burgeoning automotive industry in Eastern European emerging countries, are anticipated to encourage market expansion and motivate enterprises to launch new products across borders.
For Instance
Market Segmentations
Other Trending Reports:
About Persistence Market Research:
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
Contact
Rajendra Singh 
Persistence Market Research 
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA – Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com

source

Leave a Comment