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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 as an underlining driver for the market’s growth. Demand for remanufacturing automotive parts will also witness an uptick among HCVs and off-highway vehicles.About Us Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, Stainless steel punching parts Suppliers custom research, and consulting services. And, environmental concerns associated with ageing of automobiles continues to drive this demand for automotive parts remanufacturing in Europe. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients business needs.2 Mn by the end of 2024. Advent of hybrid and advanced vehicles in Europe is also favoring the adoption of automotive parts remanufacturing., 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. 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.com media@persistencemarketresearch. 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. 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 stands committed to bringing more accuracy and speed to clients business decisions. 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. Key players participating in the growth of automotive parts remanufacturing market in Europe include, Borg Automotive A/S, Valeo SA, Caterpillar Inc.8%., Robert Bosch GmbH, Budweg Caliper A/S, Monark Automotive GmbH, and LuK Unna GmbH & Co. Besides, buying new parts is losing its feasibility in Europe owing to volatile prices of raw materials and fragmented presence of OEMs.. Remanufacturing of turbochargers, transmission clutches, brake calipers, and steering wheels will register rampant growth in revenues and exhibit CAGRs not less than 7. Demand for remanufacturing engine and transmission components is fairly high across Europe, and is expected to remain so throughout the forecast period. Core components are getting remodeled through remanufacturers, and are being augmented with latest hi-tech devices. From ready-to-purchase market research reports to customized research solutions, PMRs engagement models are highly flexible without compromising on its deep-seated research values...com Web: This release was published on openPR.4% CAGR and surpass 56 million by the end of 2024. By the end of 2024, more than 23 million passenger car parts will be remanufactured across European countries. This number is expected to soar at 7. European Council’s stringent laws will continue curbing the rate at which worn-out car parts are discarded and dumped in the environment.4%. 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. 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. 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. And, it’s the high profit margins that will compel Europe’s automakers towards remanufacturing businesses. Thus, reprocessing and testing core components of cars continues to gain traction across Europe, solidifying the growth of its automotive parts remanufacturing market.