Aftermarket auto parts
Aftermarket auto part refers to non-original parts, also known as sub-brands. With the market's acceptance of second-hand cars, the increase in old vehicles, and the increase in the proportion of out-of-warranty vehicles, the huge potential of the aftermarket auto parts field has yet to be developed. In order to adapt to the needs of the developing market, the aftermarket auto parts field must be reformed. Because inferior and counterfeit auto parts still exist. With the obvious increase in the demand for parts and components in the automotive aftermarket, the entire industry is also exploring more advanced supply channels and models to replace the traditional, fragmented and backward distribution system.
It is ok to use aftermarket auto parts
Not all auto parts need to be made from the original factory, sometimes the sub-factory parts are better and cost-effective. Parts such as spark plugs, tires, etc. do not necessarily use the original factory. Many car owners will also choose the original parts of the 4S shop to replace them when they maintain and replace their parts. But all things are good from the original factory. Some auto parts do not need to be original, such as wiper blades, brake pads, original car paint, original oil, etc. so it is ok to use aftermarket auto parts.
sales in aftermarket auto parts keep growing
According to Technavio's latest report, from 2021 to 2025, aftermarket auto parts sales are expected to increase by 11 billion U.S. dollars, an annual growth rate of more than 1%. The report focuses on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges that market participants can expect. Original auto parts sold on the market usually have different warranty periods ranging from 1 to 3 years. If necessary, they also comply with quality standards and specifications. In addition, some suppliers provide limited guarantees for defects or defects, which increases consumer confidence in the commercial market. All these profits have contributed to the growth of the aftermarket auto parts market.
E-commerce platforms are emerging trends in the aftermarket auto parts market
For a long period of time, through online platforms, the sales volume of the after auto parts has increased substantially. With the help of the online platform, buyers can inspect and research products and components in detail before purchasing them. They can also help customers compare the prices of after auto parts. other aspects. These advantages provided by online platforms have surpassed the sales of aftermarket auto parts in traditional stores. This trend will have a positive impact on the growth of the aftermarket auto parts market in the future.
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