A hidden important market in the automotive supply chain is the automotive after market (AM) which is used to satisfy after-sales repairs, inspections, maintenance, replacement, or modification services, and is an important part of the automotive supply chain.
Under the international consensus on carbon reduction, the wave of electric vehicles has swept the world and has become the focus of attention from all walks of life. It is predicted that the proportion of electric vehicles will increase significantly from 2030, and it is estimated that it will reach 55% of the global car market by 2040, surpassing the proportion of traditional fuel vehicles. In the era of electric vehicles, it will indirectly lead the machine tool industry to develop a new layout.
The automobile industry is a technology- and capital-intensive industry, and its industrial chain is quite large, affecting a wide range of related industries. The upstream of the automobile industry is about production of auto parts, such as lights, tires, sheet metal, aluminum alloy steel rims, hoods, bumpers, and others; midstream is vehicle assembly, repair and technical services; downstream is sales, import and export business.
The sheet metal parts, plastic parts, and lights of the car body account for the majority of car damage in car accidents. Hundreds of thousands of accidents involving damage to these parts occur every year. The repair and replacement of these parts are an important source of income for car repair shops and parts manufacturers.
A hidden important market in the automotive supply chain is the automotive after market (AM) which is used to satisfy after-sales repairs, inspections, maintenance, replacement, or modification services, and is an important part of the automotive supply chain.
Even though global automotive supply chain manufacturers have mostly invested in the development and production of electric vehicles, the old car repair market still remains. As automotive component customer demand has changed, global original car manufacturers (OEMs) are turning to the Taiwan After Market (AM) supply chain to place orders for OEM parts with companies that are originally AM manufacturers.
