Market Dynamics
Increasing demand for sustainability is a key driver for the Europe automotive parts remanufacturing market. Vehicles today contain as much as 65% to 90% recyclable content. However, only about 10% of old vehicles are returned to the manufacturing cycle as recycled materials each year. Automotive parts remanufacturing helps realize the remaining economic value while conserving natural resources. It reduces the environmental footprint associated with extraction, processing and manufacturing of new parts. The other driver is significant cost savings for fleet owners and operators that use remanufactured parts.

Key Takeaways

The Europe Automotive Parts Remanufacturing Market Size is expected to witness high growth over the forecast period due to strict environmental policies promoting reuse. The market size is projected to increase from US$ 15.33994 Mn in 2023 to US$ 25.08 Mn by 2030, at a CAGR of 7.8%.

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