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Remanufacturing in Europe worth £22bn

The value of the remanufacturing sector across Europe is estimated to be worth around £22bn and employs 190,000 people.

The figures come in a study from the European Remanufacturing Network (ERN) which suggests that, with supportive policies and investment, the industry could grow to £66bn by 2030 with a workforce of 255,000.

The ERN says Germany accounts for almost a third of European remanufacturing turnover.

The study says: “Remanufacturing currently is an undervalued part of the industrial landscape and an under-recognised sustainable industry.

“Without co-ordinated support, European remanufacturing could lose competitiveness against major competitors like the US and China, which already have a common vision and strategy for [the sector].”

In December, the All-Party Parliamentary Sustainable Resource Group (APSRG) welcomed commitments to remanufacturing in the circular economy package announced by the European Commission.

APSRG published a report, Triple Win: The Economic, Social and Environmental Case for Remanufacturing in December 2014, which noted that 50,000 people were employed in the UK sector in 2010.

 

 

 

 

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