Europe Automotive Parts Remanufacturing Market: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the Europe Automotive Parts Remanufacturing Market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Market Size (2024E): USD 20.2 Billion
Projected Market Value (2033F): USD 36.8 Billion
Market Growth Rate (CAGR 2024 to 2033): 6.9%

Europe Automotive Parts Remanufacturing Market - Report Scope:

The automotive parts remanufacturing market in Europe plays a crucial role in the automotive aftermarket, focusing on the refurbishing and restoration of used automotive components to like-new condition. This market caters to various segments, including engines, transmissions, electronics, and others, providing cost-effective and environmentally sustainable alternatives to new parts. Market growth is driven by increasing environmental regulations, advancements in remanufacturing technologies, and rising consumer demand for affordable automotive solutions.

Market Growth Drivers:

The Europe automotive parts remanufacturing market is propelled by several key factors, including the growing emphasis on sustainability and environmental protection. Stringent regulations aimed at reducing carbon footprints and promoting circular economy practices drive the adoption of remanufactured parts. Additionally, technological advancements in remanufacturing processes, such as additive manufacturing and automation, enhance the quality and efficiency of remanufactured products. The increasing vehicle parc in Europe, coupled with the rising demand for cost-effective repair and maintenance solutions, further boosts market growth.

Market Restraints:

Despite promising growth prospects, the Europe automotive parts remanufacturing market faces challenges related to the availability of core components and the perception of remanufactured parts. The limited supply of used parts for remanufacturing and the variability in core quality can impact production capacities and cost structures. Moreover, consumer skepticism regarding the reliability and performance of remanufactured parts poses a challenge to market acceptance. Addressing these issues requires industry collaboration to improve core collection systems, enhance quality assurance processes, and promote the benefits of remanufactured products.

Market Opportunities:

The Europe automotive parts remanufacturing market presents significant growth opportunities driven by evolving consumer preferences and regulatory support. The increasing acceptance of remanufactured parts among fleet operators, repair shops, and end-users creates a robust demand for remanufactured solutions. The integration of digital technologies, such as IoT and data analytics, in remanufacturing processes enhances traceability, quality control, and operational efficiency. Strategic partnerships, investment in research and development, and the introduction of innovative remanufacturing techniques are essential to capitalize on emerging opportunities and sustain market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Europe automotive parts remanufacturing market?
Which product segments and applications are driving remanufacturing adoption across different market segments?
How are technological advancements reshaping the competitive landscape of the automotive parts remanufacturing market?
Who are the key players contributing to the Europe automotive parts remanufacturing market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the Europe automotive parts remanufacturing market?

Competitive Intelligence and Business Strategy:

Leading players in the Europe automotive parts remanufacturing market, including Robert Bosch GmbH, Valeo, ZF Friedrichshafen AG, and Caterpillar Inc., focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced remanufacturing solutions, including electronic components, drivetrains, and braking systems, catering to diverse vehicle types and applications. Collaborations with automotive OEMs, aftermarket distributors, and regulatory bodies facilitate market access and promote technology adoption. Moreover, emphasis on quality standards, sustainability practices, and customer education fosters market growth and enhances consumer confidence in remanufactured products.

Key Companies Profiled:

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

Europe Automotive Parts Remanufacturing Market by Category

By Product Type

Engine Part
Transmission Parts
Wheels and Brakes
AC Compressors
Steering
Fuel Systems

By Vehicle Type

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
All-terrain Vehicles
Off-highway Vehicles

By Country

Germany
Italy
France
U.K.
Spain
BENELUX
Russia
Rest of Europe

Product Code: PMRREP14263

1. Executive Summary

1.1. Europe Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Success Factors

3.1. Strategic Promotional Strategies

4. Europe Automotive Parts Remanufacturing Market Demand Analysis 2019-2023 and Forecast, 2024-2033

4.1. Historical Market Volume (Mn Units) Analysis, 2019-2023
4.2. Current and Future Market Volume (Mn Units) Projections, 2024-2033
4.3. Y-o-Y Growth Trend Analysis

5. Europe Automotive Parts Remanufacturing Market - Pricing Analysis

5.1. Country wise Pricing Analysis By Product Type
5.2. Pricing Break-up
- 5.2.1. Manufacturer Level Pricing
- 5.2.2. Distributor Level Pricing
5.3. Europe Average Pricing Analysis Benchmark

6. Europe Automotive Parts Remanufacturing Market Demand (in Value or Size in US$ Bn) Analysis 2019-2023 and Forecast, 2024-2033

6.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
6.2. Current and Future Market Value (US$ Bn) Projections, 2024-2033
- 6.2.1. Y-o-Y Growth Trend Analysis
- 6.2.2. Absolute $ Opportunity Analysis

7. Market Background

7.1. Macro-Economic Factors
- 7.1.1. Europe Economic Outlook
- 7.1.2. Europe GDP Growth
- 7.1.3. Europe Population and Urbanization Overview
- 7.1.4. Europe Automotive Production by Region
- 7.1.5. Europe Automotive Sales by Region
- 7.1.6. Other Macro-Economic Economic Factor
7.2. Forecast Factors - Relevance & Impact
- 7.2.1. Growth in EVs
- 7.2.2. Global GDP Per Capita Growth Forecast
- 7.2.3. Automotive Industry Growth Forecast
- 7.2.4. Increase in Government Regulations
- 7.2.5. Growth in Global Population
7.3. Value Chain
- 7.3.1. List of Service Provider
7.4. COVID-19 Crisis - Impact Analysis
- 7.4.1. Current Statistics
- 7.4.2. Short-Mid-Long Term Outlook
- 7.4.3. Likely Rebound
7.5. Market Dynamics
- 7.5.1. Drivers
- 7.5.2. Restraints
- 7.5.3. Opportunity Analysis

8. Europe Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2033, by Product Type

8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Bn) and Volume Analysis By Product Type, 2019-2023
8.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Product Type, 2024-2033
- 8.3.1. Engine Parts
  - 8.3.1.1. Turbochargers
  - 8.3.1.2. EGR Valves
  - 8.3.1.3. Carburetors
- 8.3.2. Transmission Parts
  - 8.3.2.1. Clutches
  - 8.3.2.2. Bearings
- 8.3.3. Electrical Parts
  - 8.3.3.1. Starters
  - 8.3.3.2. Alternators
  - 8.3.3.3. Others
- 8.3.4. Wheels and Brakes
  - 8.3.4.1. Hub Assemblies
  - 8.3.4.2. Master Cylinders
  - 8.3.4.3. Brake Calipers
  - 8.3.4.4. Bearings
- 8.3.5. AC Compressors
- 8.3.6. Steerings
- 8.3.7. Fuel Systems
- 8.3.8. Others
8.4. Market Attractiveness Analysis By Product Type

9. Europe Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2033, by Vehicle Type

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Vehicle Type, 2019-2023
9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Vehicle Type, 2024-2033
- 9.3.1. Passenger Cars
- 9.3.2. Light Commercial Vehicles
- 9.3.3. Heavy Commercial Vehicles
- 9.3.4. All-terrain Vehicles
- 9.3.5. Off-highway Vehicles
9.4. Market Attractiveness Analysis By Vehicle Type

10. Europe Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2033, by Country

10.1. Introduction
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Country, 2019-2023
10.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Country, 2024-2033
- 10.3.1. Germany
- 10.3.2. Italy
- 10.3.3. France
- 10.3.4. U.K.
- 10.3.5. Spain
- 10.3.6. Benelux
- 10.3.7. Russia
- 10.3.8. Rest of Europe
10.4. Market Attractiveness Analysis By Country

11. Germany Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2033

11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
11.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 11.4.1. By Product Type
- 11.4.2. By Vehicle Type
11.5. Market Attractiveness Analysis
- 11.5.1. By Product Type
- 11.5.2. By Vehicle Type
11.6. Market Trends
11.7. Key Market Participants - Intensity Mapping

12. Italy Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2033

12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
12.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 12.4.1. By Product Type
- 12.4.2. By Vehicle Type
12.5. Market Attractiveness Analysis
- 12.5.1. By Product Type
- 12.5.2. By Vehicle Type
12.6. Market Trends
12.7. Key Market Participants - Intensity Mapping

13. France Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 13.4.1. By Product Type
- 13.4.2. By Vehicle Type
13.5. Market Attractiveness Analysis
- 13.5.1. By Product Type
- 13.5.2. By Vehicle Type
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping

14. U.K. Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.4.1. By Product Type
- 14.4.2. By Vehicle Type
14.5. Market Attractiveness Analysis
- 14.5.1. By Product Type
- 14.5.2. By Vehicle Type
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping

15. Spain Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.4.1. By Product Type
- 15.4.2. By Vehicle Type
15.5. Market Attractiveness Analysis
- 15.5.1. By Product Type
- 15.5.2. By Vehicle Type
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping

16. Benelux Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.4.1. By Product Type
- 16.4.2. By Vehicle Type
16.5. Market Attractiveness Analysis
- 16.5.1. By Product Type
- 16.5.2. By Vehicle Type
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping

17. Russia Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.4.1. By Product Type
- 17.4.2. By Vehicle Type
17.5. Market Attractiveness Analysis
- 17.5.1. By Product Type
- 17.5.2. By Vehicle Type
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping

18. Rest of Europe Automotive Parts Remanufacturing Market Analysis 2019-2023 and Forecast 2024-2033

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.4.1. By Product Type
- 18.4.2. By Vehicle Type
18.5. Market Attractiveness Analysis
- 18.5.1. By Product Type
- 18.5.2. By Vehicle Type
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping

19. Market Structure Analysis

19.1. Market Analysis by Tier of Companies (Automotive Parts Remanufacturing)
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Market Presence Analysis
- 19.4.1. By Regional footprint of Players

20. Competition Analysis

20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
- 20.3.1. Borg Automotive A/S
  - 20.3.1.1. Overview
  - 20.3.1.2. Product Portfolio
  - 20.3.1.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.1.4. Sales Footprint
  - 20.3.1.5. Strategy Overview
    - 20.3.1.5.1. Marketing Strategy
    - 20.3.1.5.2. Product Strategy
    - 20.3.1.5.3. Channel Strategy
- 20.3.2. Caterpillar Inc.
  - 20.3.2.1. Overview
  - 20.3.2.2. Product Portfolio
  - 20.3.2.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.2.4. Sales Footprint
  - 20.3.2.5. Strategy Overview
    - 20.3.2.5.1. Marketing Strategy
    - 20.3.2.5.2. Product Strategy
    - 20.3.2.5.3. Channel Strategy
- 20.3.3. ZF Friedrichshafen AG
  - 20.3.3.1. Overview
  - 20.3.3.2. Product Portfolio
  - 20.3.3.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.3.4. Sales Footprint
  - 20.3.3.5. Strategy Overview
    - 20.3.3.5.1. Marketing Strategy
    - 20.3.3.5.2. Product Strategy
    - 20.3.3.5.3. Channel Strategy
- 20.3.4. Carwood Group
  - 20.3.4.1. Overview
  - 20.3.4.2. Product Portfolio
  - 20.3.4.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.4.4. Sales Footprint
  - 20.3.4.5. Strategy Overview
    - 20.3.4.5.1. Marketing Strategy
    - 20.3.4.5.2. Product Strategy
    - 20.3.4.5.3. Channel Strategy
- 20.3.5. Meritor, Inc.
  - 20.3.5.1. Overview
  - 20.3.5.2. Product Portfolio
  - 20.3.5.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.5.4. Sales Footprint
  - 20.3.5.5. Strategy Overview
    - 20.3.5.5.1. Marketing Strategy
    - 20.3.5.5.2. Product Strategy
    - 20.3.5.5.3. Channel Strategy
- 20.3.6. Valeo SA
  - 20.3.6.1. Overview
  - 20.3.6.2. Product Portfolio
  - 20.3.6.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.6.4. Sales Footprint
  - 20.3.6.5. Strategy Overview
    - 20.3.6.5.1. Marketing Strategy
    - 20.3.6.5.2. Product Strategy
    - 20.3.6.5.3. Channel Strategy
- 20.3.7. Robert Bosch GmbH
  - 20.3.7.1. Overview
  - 20.3.7.2. Product Portfolio
  - 20.3.7.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.7.4. Sales Footprint
  - 20.3.7.5. Strategy Overview
    - 20.3.7.5.1. Marketing Strategy
    - 20.3.7.5.2. Product Strategy
    - 20.3.7.5.3. Channel Strategy
- 20.3.8. Monark Automotive GmbH
  - 20.3.8.1. Overview
  - 20.3.8.2. Product Portfolio
  - 20.3.8.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.8.4. Sales Footprint
  - 20.3.8.5. Strategy Overview
    - 20.3.8.5.1. Marketing Strategy
    - 20.3.8.5.2. Product Strategy
    - 20.3.8.5.3. Channel Strategy
- 20.3.9. Budweg Caliper A/S
  - 20.3.9.1. Overview
  - 20.3.9.2. Product Portfolio
  - 20.3.9.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.9.4. Sales Footprint
  - 20.3.9.5. Strategy Overview
    - 20.3.9.5.1. Marketing Strategy
    - 20.3.9.5.2. Product Strategy
    - 20.3.9.5.3. Channel Strategy
- 20.3.10. ATC Drivetrain
  - 20.3.10.1. Overview
  - 20.3.10.2. Product Portfolio
  - 20.3.10.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.10.4. Sales Footprint
  - 20.3.10.5. Strategy Overview
    - 20.3.10.5.1. Marketing Strategy
    - 20.3.10.5.2. Product Strategy
    - 20.3.10.5.3. Channel Strategy
- 20.3.11. RECRO Ltd.
  - 20.3.11.1. Overview
  - 20.3.11.2. Product Portfolio
  - 20.3.11.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.11.4. Sales Footprint
  - 20.3.11.5. Strategy Overview
    - 20.3.11.5.1. Marketing Strategy
    - 20.3.11.5.2. Product Strategy
    - 20.3.11.5.3. Channel Strategy
- 20.3.12. FZT Unna GmbH
  - 20.3.12.1. Overview
  - 20.3.12.2. Product Portfolio
  - 20.3.12.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.12.4. Sales Footprint
  - 20.3.12.5. Strategy Overview
    - 20.3.12.5.1. Marketing Strategy
    - 20.3.12.5.2. Product Strategy
    - 20.3.12.5.3. Channel Strategy
- 20.3.13. E. & U. Hetzel GmbH
  - 20.3.13.1. Overview
  - 20.3.13.2. Product Portfolio
  - 20.3.13.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.13.4. Sales Footprint
  - 20.3.13.5. Strategy Overview
    - 20.3.13.5.1. Marketing Strategy
    - 20.3.13.5.2. Product Strategy
    - 20.3.13.5.3. Channel Strategy
- 20.3.14. Autrans Transmissions Parts & Service B.V.
  - 20.3.14.1. Overview
  - 20.3.14.2. Product Portfolio
  - 20.3.14.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.14.4. Sales Footprint
  - 20.3.14.5. Strategy Overview
    - 20.3.14.5.1. Marketing Strategy
    - 20.3.14.5.2. Product Strategy
    - 20.3.14.5.3. Channel Strategy
- 20.3.15. Scandinavian Transmission Service AB
  - 20.3.15.1. Overview
  - 20.3.15.2. Product Portfolio
  - 20.3.15.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.15.4. Sales Footprint
  - 20.3.15.5. Strategy Overview
    - 20.3.15.5.1. Marketing Strategy
    - 20.3.15.5.2. Product Strategy
    - 20.3.15.5.3. Channel Strategy
- 20.3.16. VEGE Group
  - 20.3.16.1. Overview
  - 20.3.16.2. Product Portfolio
  - 20.3.16.3. Profitability by Market Segments (Product/Channel/Country)
  - 20.3.16.4. Sales Footprint
  - 20.3.16.5. Strategy Overview
    - 20.3.16.5.1. Marketing Strategy
    - 20.3.16.5.2. Product Strategy
    - 20.3.16.5.3. Channel Strategy