The auto parts market is huge, and its global market valuation has reached 378 billion U.S. dollars, with an annual growth rate of about 4%.
All types of auto parts, among which the more popular are replaceable auto parts. Because vehicles wear and tear under natural use, there is a great demand for these products in the market:
——Maintenance categories such as filters, brakes, tires, suspensions, etc.
——Electrical categories such as light bulbs, starting motors, alternators, fuel pumps and injectors
——Bushings, engine mounts,strut mounts, control arms, ball joint, stabilizer links and other suspension parts, rubber parts and mechanical categories
——Wiper blades and door handles and other products used inside and outside the car.
The automobile industry is a global industry in itself, and many automobile brands sell in more than one country or region. Although each brand and model may have a different name in different countries and regions, the interior and engine will also vary. But in general, many parts are highly compatible and can be adapted to cars in different countries and regions.
However, generally speaking, the dealer network that supplies auto parts is often unique to each country and region, which may lead to huge price differences in cross-border sales of auto parts. However, high-priced or difficult-to-find parts and components made overseas consumers have strong demand for auto parts. The high-performance parts market in the Middle East is “full of vitality”, and the markets in Eastern Europe, Russia, Austra.
Post time: Mar-19-2021