The auto parts business includes a vast array of large and small companies and institutions that repair and make automobile parts for automobiles. There are so many parts to choose from that it can be confusing knowing which part you need in your car. If you need a new part, there are thousands of auto parts suppliers located online that carry many different brands and types of parts. In this article we’ll take a look at some of the most common types of parts you will find when shopping online.
The automobile parts industry is growing in popularity with consumers and with businesses looking for ways to cut costs. In emerging economies like India and China, the consumer is king. With a few clicks of the mouse, people can access any type of auto part they want and have it delivered right to their door. This is a very different approach than with the US economy where the consumer is slowly but surely moving towards local retailers. This has led to less local car parts being available online. This is especially true for the ever-growing Chinese Auto Parts market.
One of the fastest growing trends in the auto parts world is aftermarket auto parts for vehicles. Consumers are starting to really challenge the major automotive companies by providing them with a more affordable, quality product. With a bigger following than many other vehicle enthusiasts, the aftermarket vehicle accessories market is fast approaching a high. While the OEM car accessories remain focused on making sure their vehicles perform at top notch, the aftermarket accessory makers are taking the opposite approach by offering consumers a wider range of choices.
The global auto industry is closely connected to the international trade. Just about every major car part manufacturer relies on exporting to the other major economic powerhouses in the world. Many Japanese and Korean companies have a very large export market. There are also companies like Kaylor and Bosch that rely on the international trade for their continued success. As such, any company that wishes to succeed needs to have an effective strategy when it comes to trading with other automotive companies.
For instance, Ford has found itself having to change its tune when it comes to selling its Focus vehicles in the United States. These vehicles have been sold in Japan and Korea for years, but now they must rely on the American aftermarket auto parts market. This means that instead of having a distributor in the U.S., Ford must now have one in Japan. The company has had to make changes to its licensing policies in order to comply with American laws and regulations. However, the changes have helped Ford realizes that it needs to expand its product line.
Another company that has found itself in hot water because of its relationship with the German automobile maker is Robert Bosch. The German manufacturer, Bosch, made its way into the U.S. in the mid 70’s selling diesel engines for domestic and commercial vehicles. The diesel engine was originally used in large trucks and buses, but eventually it moved into smaller cars like the Focus. While it may seem ironic that a company that was once a part of the German internal combustion engine industry would be selling car parts in the U.S., Robert Bosch has re-positioned himself in the eyes of the automotive industry by manufacturing high quality aftermarket auto parts that are very competitive in price.