Europe Automotive Parts Remanufacturing Market 2021-2031
New Study Reports ” Europe Automotive Parts Remanufacturing Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031″ has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Europe Automotive Parts Remanufacturing Market ” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Europe Automotive Parts Remanufacturing Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Europe Automotive Parts Remanufacturing market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
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.
Key Players:
The report has profiled some of the Important players prevalent in the global like – 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 and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Europe Automotive Parts Remanufacturing.
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These factors are set to drive the industry for automotive parts remanufacturing in the European continent. Besides, market players are frequently involved in collaborations, mergers, and acquisitions so as to increase their footprint and market share.
- In May 2021, Meritor, Inc. collaborated with Hexagon Purus, a global leader in zero-emission e-mobility. These companies will work together to integrate Meritor’s Blue Horizon™ 14Xe™ integrated ePowertrain into Hexagon Purus’ contracted projects, which include Class 6 & Class 7 trucks and Class 8 (6×4) vehicles. Production is scheduled to begin in 2021.
- In February 2020, PE Automotive GmbH & Co. KG took over the trading business of Monark Automotive GmbH as well as the Monark brand.
Key Takeaways from Market Study
- Based on product, the Europe automotive parts remanufacturing market was dominated by electrical parts such as starters, alternators, and others, as demand for electric vehicles grows in Europe
- Vehicle longevity has been gradually increasing in commercial as well as electric vehicle because of remanufacturing parts.
- The passenger vehicles segment dominated the European market for automotive parts remanufacturing, owing to rising consumer demand for compact and mid-sized cars.
- Over the decade, Germany and the U.K. are expected to be extremely profitable markets. Presence of significant automobile OEMs and aftermarket sector in both countries is the primary reason for this.
“Growing awareness and economical prices of remanufactured automotive parts to drive market expansion across the European continent,” says a Persistence Market Research analyst.
View Table of Contents, Figures, and Tables@ https://www.persistencemarketresearch.com/market-research/europe-automotive-parts-remanufacturing-market/toc
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Europe Automotive Parts Remanufacturing Market Manufacturers
Europe Automotive Parts Remanufacturing Market Distributors/Traders/Wholesalers
Europe Automotive Parts Remanufacturing Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Europe Automotive Parts Remanufacturing Market Report:
- The Europe Automotive Parts Remanufacturing Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Europe Automotive Parts Remanufacturing Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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