The Expo gives manufacturers and distributors direct entry to the Latin American and Caribbean OEM, SUBSTITUTE PARTS, AFTERMARKET COMPONENTS, AUTOMOTIVE REMANUFACTURED PARTS, and TUNING markets in a warm and personal setting that forges long lasting commercial and private relationships. The AAPEX Present focuses on original tools and merchandise to service automobiles. Not quite as flashy as SEMA Present, however for the automotive and supporting industries, this present is simply as important. Whereas sales are expected to dip in 2017, the aftermarket is forecast to grow at a price of three.four p.c per yr for the subsequent three or four years.
NEW DELHI: Entry-stage vehicles and bikes , for lengthy the bread and butter for Indian automakers and people which took the country to be among the many top automobile markets, are conspicuous by their absence at Auto Expo 2018 Trade consultants stated it is a signal of maturing market.
After the worldwide downturn and crisis in 2008 and 2009, the automotive market worldwide has bounced again and recovered nicely. In 2012, approximately seventy five million new light automobiles (cars and light vans) were shipped worldwide. This quantity is projected to achieve one hundred ten million by 2020. Presently, every vehicle has an average of 60-a hundred sensors on board. As a result of vehicles are rapidly getting “smarter”, the variety of sensors is projected to reach as many as 200 sensors per automobile. These numbers translate to approximately 22 billion sensors used within the automotive business per yr by 2020.
Featuring an trade-leading array of recent technologies, products and announcements, the 2018 Global Automotive Elements and Suppliers Expo was the should-attend event for automotive OEMs and Tier 1, 2 and 3 procurement managers, part specifiers, supply chain partners and engineers.
The Specialty Gear Market Association (SEMA) and Automotive Aftermarket Products Expo (AAPEX) kicked off their separate commerce reveals as we speak at the Las Vegas Conference Middle and the Sands Expo Middle, respectively, with thousands of automotive merchandise being shown to buyers and dealers from around the globe.