Europe Automotive Parts Remanufacturing Market

Europe Market Study on Automotive Parts Remanufacturing: Electrical Parts to Play an Important Role in Market Progress

  • October-2021
  • PMRREP14263
  • 220 Pages
  • Automotive

Market Snapshot

Persistence Market Research has projected close to 7% CAGR for the Europe automotive parts remanufacturing market in terms of value for 2021 to 2031. In terms of volume, demand is expected to increase at around 6.3% CAGR over the same timeframe.

Top supplier in the automotive parts remanufacturing market in Europe include Robert Bosch GmbH, Caterpillar Inc., ZF Friedrichshafen AG, and Valeo SA, who together accounted for around 20% revenue share in 2020.

Base Year Value (2020A)

US$ 21.3 Bn

Projected Year Value (2031F)

US$ 44 Bn

Value CAGR (2021-2031)


Collective Value Share: Top 3 Countries (2021)


Find Out More about the Report Coverage


  • 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

Demand Analysis of Automotive Parts Remanufacturing in Europe from 2016 to 2020 Vs Market Projections for 2021 to 2031

From 2016 to 2020, sales of automotive remanufactured parts slowed down to 3% growth rate in Europe, mainly due to the impact of COVID-19 in 2020.

Primary driver for market expansion is the development of new goods and components for managing a vehicle's performance. In Europe, development of hybrid and advanced vehicles is boosting usage of remanufactured car parts.

Remanufacturers are remanufacturing core components and supplementing them with cutting-edge technology. Engine and transmission component remanufacturing is in high demand across Europe, and is expected to remain so for the length of the forecast period.

Turbocharger remanufacturing, transmission clutch remanufacturing, brake calliper remanufacturing, and steering wheel remanufacturing will all see rapid revenue growth, with all registering a CAGR of at least 7% through 2031.

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What are the Key Opportunities for Automotive Parts Remanufacturing Companies in Europe?

The European Union's End-of-Life Vehicles (ELV) law is expected to help the remanufacturing industry. Furthermore, vehicle longevity has been steadily growing, with the average vehicle age already exceeding seven years. As a result, manufacturers will have a better chance of gaining traction because more spare parts will be required.

From a technological standpoint, electronics is a vastly undervalued industry that necessitates extensive knowledge of information systems. These elements are projected to present the remanufacturing market with a range of opportunities.

Demand for standardised parts such as turbochargers and fuel systems will continue to grow with their incorporation in off-road vehicles expected to encourage remanufacturing and companies to build inventories of remanufactured and second-hand parts.

Apart from being sold, these parts can also be used by businesses. The technology utilized to remanufacture these parts, as well as their standards, are projected to remain unchanged over the decade, allowing remanufacturers to gain traction in the market.

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What are the Issues that Automotive Parts Remanufacturing Firms Face in Europe?

Owing to increase in tailpipe emissions and pollution by conventional vehicles, governments across Europe are aggressively promoting electric vehicles for transportation, which can seriously stagnate the growth of conventional vehicles. Moreover, the fact that electric vehicles are low-cost, energy-efficient, and emission-free systems will also positively affect the popularity of electric vehicles, which, in turn, could hamper sales of conventional vehicles.

Also, regulations pertaining to automobile emission levels to enhance safety are shifting manufacturers’ focus toward reducing vehicle weight, and manufacturers are thus opting for advanced material technologies. Further, this factor will compel them to invest more in R&D, which, in turn, will increase the price of products, and is expected to stagnate demand growth for automotive remanufactured parts.

Moreover, stringent regulations covering environmental pollution are affecting the sales of conventional vehicles, which, in turn, might restrain growth of the automotive parts remanufacturing market.

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What Recent Trends are Impacting Demand for Automotive Remanufactured Parts?

Increasing demand for low-cost and high-quality products from OEMs and the aftermarket is expected to propel demand for automotive remanufactured parts. Cost of remanufactured parts is 30% to 50% lower than new components with the same warranty period as well as having equal or higher quality than the original ones.

Moreover, off-road vehicle and heavy commercial vehicle manufacturers are focusing on manufacturing vehicles that are recyclable due to increasing awareness regarding eco-friendly and low-emission vehicles. Remanufactured parts consume less energy and produce less emissions, which contributes to the lower cost and improved cost of ownership.

Further, due to increasing awareness regarding the low cost of remanufactured products, vehicle owners are replacing faulty parts with remanufactured parts instead of repairing or rebuilding, because remanufactured parts are more durable and also come with a warranty.

Country-wise Insights


Why is Germany a Leading Market in Europe for Automotive Parts Remanufacturing?

Germany is predicted to remain one of the most attractive markets for automotive parts remanufacturing in Europe during the forecast period, according to Persistence Market Research. According to the study, Germany is expected to account for over 25% share of the European market through 2031.

Germany is projected to play a key role in promoting industry growth through its extensive production capacity in remanufacturing parts. The plan of manufacturers to invest in more in transportation and energy infrastructure dedicated parts is likely to positively influence automotive remanufactured part sales growth over the coming years.

Why is Demand for Automotive Parts Remanufacturing Surging across the U.K.?

Over the projection period, demand in the U.K. is expected to increase at 7.9% CAGR through 2021-2031. The country’s urban transportation is well-supported by the government and is backed by well-developed infrastructure for remanufacturing parts. Consequently, the U.K. has the most elevated level of expenditure in Europe.

According to Persistence Market Research, the U.K. is a second-leading market after Germany for automotive parts remanufacturing, and demand is likely to remain high going ahead. Furthermore, increased research activities on efficient automotive components, presence of significant companies, and increased investments in remanufacturing parts pipelines are all providing appealing potential for market participants.

Category-wise Insights

Which Product Holds the Highest Growth Potential for Automotive Parts Remanufacturing?

Based on product, electrical parts is the leading category, expected to account for more than 30% of the market by the end of 2031.

A sub-segment of electrical parts - starters; alternators are used extensively in the EV industry. Added strength as well as remanufactured parts costing around 60-70% of the original product with the same or more guarantee than the original product is expected to fuel demand over the forecast period.

Which Type of Vehicles is Remanufactured Parts Used Most?

Based on vehicle type, the passenger cars segment sees the highest consumption of remanufactured parts, and expected to witness an absolute dollar opportunity of US$ 8.8 Bn by 2031.

This can be attributed to rising usage of vehicles for personal transportation. Nowadays, consumers are preferring remanufacturing parts to save money as well as increase the lifespan of their vehicles. This is expected to drive the need for automotive remanufactured parts across Europe.

Impact of COVID-19

Lockdowns implemented in a number of counties across Europe have had a negative influence on the market. Obstacles have arisen as a result of limited production- and transportation-related delays caused by travel restrictions.

With successive waves of the new coronavirus wreaking havoc on the automobile industry, recovery is projected to remain slow until the end of 2021.

Nonetheless, numerous remanufacturing part manufacturing companies are continuing to invest heavily in product enhancement and development through R&D to expand their presence as well as to meet rising customer demand.

Despite the challenges, economies are slowly but surely recovering from the pandemic. As supply and distribution networks recovered, activities of companies have begun to expand. In light of this, the pandemic is unlikely to have a long-term impact on the automotive parts remanufacturing industry.

Competitive Landscape

The Europe automotive parts remanufacturing market is moderately competitive in nature, backed by the presence of many leading players operating in the space. Key players are taking steps to expand their business and overall market share.

Over the decade, foreign players are expected to expand their presence through mergers and acquisitions. Improvements in the global economic situation and expanding automotive industry in emerging economies of Eastern Europe are expected to drive market growth, encouraging players to launch new products across regions.

  • In May 2021, In May 2021, Borg Automotive acquired SBS Automotive. The acquisition marks the addition of a new business component to Borg Automotive, opening the door to a new market in which the company is currently not active.
  • In March 2020, Carwood entered the glamorous world of motorsport by acquiring the motorsport assets and trade of Brise Ltd.

Automotive Parts Remanufacturing Industry Report Scope



Forecast Period


Historical Data Available for


Market Analysis

USD Million for Value

Key Countries Covered

  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia

Key Market Segments Covered

  • Product
  • Vehicle
  • Country

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

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Segments Covered in Automotive Parts Remanufacturing Industry Survey

By Product

  • Engine Parts
    • Turbochargers
    • EGR Valves
    • Carburetors
  • Transmission Parts
    • Clutches
    • Bearings
  • Electrical Parts
    • Starters
    • Alternators
    • Others
  • Wheels and Brakes
    • Hub Assemblies
    • Master Cylinders
    • Brake Calipers
    • Bearings
  • AC Compressors
  • Steerings
  • Fuel Systems
  • Others

By Vehicle

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

FAQs Answered in Study

  • How much is the automotive parts remanufacturing market in Europe valued at currently?

    The European market for automotive parts remanufacturing is currently valued at over US$ 22.6 Bn.

  • What is the main factor driving demand for automotive parts remanufacturing in Europe?

    Increasing awareness regarding remanufactured parts, rising use of passenger cars for recreational purposes, and growth in trade economics will drive demand for HCVs and LCVs, thereby aiding market expansion.

  • At what CAGR did demand for automotive parts remanufacturing increase over the past 5 years?

    From 2016 to 2020, demand for automotive parts remanufacturing increased at a CAGR of 3%.

  • What will be the demand outlook for automotive parts remanufacturing through 2031?

    Revenue from automotive parts remanufacturing is projected to increase at close to 7% CAGR and be valued at over US$ 44 Bn by 2031.

  • What are the key trends being witnessed in this regional market?

    Increasing preference of low-cost and high-quality products and rise in preventive maintenance of vehicles and key trends shaping this market.

  • What is the market share of the top 5 automotive parts remanufacturing companies?

    Robert Bosch GmbH, Caterpillar Inc., ZF Friedrichshafen AG, Valeo SA, and Meritor, Inc. together enjoy 22% market share.

  • Which are the top 5 countries driving most demand for automotive parts remanufacturing?

    Germany, the U.K., France, Italy, and Spain are the major demand centers for automotive parts remanufacturing.

  • How is the market in the U.K. expected to perform?

    The U.K. market for automotive parts remanufacturing is slated to surge at close to 8% CAGR through 2031.

Enquiry before Buying

  • Is the market research conducted by Persistence Market Research?

    Yes, the report has been compiled by expert analysts of Persistence Market Research, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by Persistence Market Research?

    Persistence Market Research follows a methodology that encompasses the demand-side assessment, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

  • Who are the respondents for primary research?

    Persistence Market Research speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    Persistence Market Research conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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