Europe Automotive Parts Remanufacturing Market, by Vehicle Type (Passenger Cars, LCV, HCV, Off-road Vehicle and All-Terrain Vehicle), by Components (Engine & Related Parts (Turbochargers, EGR Valves, And Carburetors), Transmission & Related Parts (Clutche

Europe Automotive Parts Remanufacturing Market, by Vehicle Type (Passenger Cars, LCV, HCV, Off-road Vehicle and All-Terrain Vehicle), by Components (Engine & Related Parts (Turbochargers, EGR Valves, And Carburetors), Transmission & Related Parts (Clutches and Bearings), Electrical & Electronics (Starters, Alternators, and Others), Wheels and Brakes Related Parts(Hub Assemblies, Master Cylinder, Brake Calipers, and Bearings), A/C Compressors, Steering’s, Fuel Systems, and Others) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Automotive parts remanufacturing market refers to rebuilding of products, components, or an equipment of an automobile to its original shape, size and specifications by utilization of reused, repaired, and new components. Factors such as increase in average age of vehicle, and increase in average miles driven per vehicle will boost the market growth. Moreover, Growing concern reducing raw material requirements, reducing energy consumption, and increasing price flexibility to the consumers these factors are also expected to boost the global automotive parts manufacturing market during the forecasted period.
Market Dynamics
Europe automotive parts remanufacturing market is expected to witness significant growth over the forecast period. The growth in this region is attributed to various policies put forward by European government such as ‘circular economy strategy’, Motor Vehicle Block Exemption Regulation and end-of-life vehicle. Moreover, European Council's stringent laws and losing feasibility of buying new product among customers in Europe owing to availability of remanufactured products at low cost is expected to drive the market. For Instance, According to Coherent Market Insights, overall price reduction of the products is up to 50-60% when compared to the original price of the part. Furthermore, gradually increase in longevity of vehicle and average age of vehicles on road is a major factor driving the automotive remanufacturing market in this region. Furthermore, according to European Remanufacturing Network the remanufacturing industry is expected to grow up to $100 billion till 2030 and employing around 600,000 people, in Europe alone. Owing to which the market is expected to grow in this region.
Market Taxonomy
This report segments the Europe automotive parts remanufacturing on the basis of vehicle type, passenger cars, LCV, HCV, off-road vehicle and all-terrain vehicle. On the basis of component, the Europe automotive parts remanufacturing is segmented into, engine & related parts (turbochargers, EGR valves, and carburetors), transmission & related parts (clutches and bearings), electrical & electronics (starters, alternators, and others), wheels and brakes related parts (hub assemblies, master cylinder, brake calipers, and bearings), a/c compressors, steering’s, fuel systems, and others
Key features of the study:
This report provides an in-depth analysis of the Europe automotive parts remanufacturing and provides market size (Thousand Units & US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the Europe automotive parts remanufacturing based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key players operating in the Europe automotive parts remanufacturing market are Borg Automotive A/S, Budweg Caliper A/S, Caterpillar Inc., LuK Unna GmbH & Co. KG, Valeo SA, Schouw & Co., ZF Friedrichshafen AG, Monark Automotive GmbH, Carwood Group, Robert Bosch GmbH, and Meritor, Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The Europe automotive parts remanufacturing report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Europe automotive parts remanufacturing.
Detailed Segmentation:
Europe Automotive Parts Remanufacturing, By Vehicle Type
Passenger Car
LCV
HCV
All-Terrain Vehicles
Off-Highway Vehicles
Europe Automotive Parts Remanufacturing, By Components
Engine & Related parts
Turbochargers
EGR Valves
Carburetors
Transmission & Related Parts
Clutches
Bearings
Electricals & Electronics
Starters
Alternators
Others
Wheel and brakes related Parts
Hub Assemblies
Master Cylinders
Brake Calipers
Bearings
A/C Compressors
Steering
Fuel Systems
Others
Company Profiles
Borg Automotive A/S *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Budweg Caliper A/S
Caterpillar Inc
LuK Unna GmbH & Co. KG
Valeo SA
Schouw & Co
ZF Friedrichshafen AG
Monark Automotive GmbH
Carwood Group
Robert Bosch GmbH
Meritor, Inc
*Browse all the market data tables and figures on "Europe Automotive Parts Remanufacturing - Forecast to 2027”