Europe’s Automotive Parts Remanufacturing Market is Set to Cross US$ 21 Billion over 2024

by Michelle Hayes

Stringent regulations set by the European Council is expected to favor the region’s market for automotive parts remanufacturing. The governments in many of the European nations are encouraging the reuse of automotive parts, which is propelling the demand for their remanufacturing. Besides, purchasing of new parts is often more expensive in the region due to price volatility of raw materials and fragmented market structure of OEMs.

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