Game-Changing Trends for Automotive parts Manufacturers in 2020
As per a recent report , the global Automotive Aftermarket Parts Industry is expected to stand at a whopping $723 billion in sales by 2020. The US alone would account for $296 billion. This includes both OE and aftermarket parts, equipment, service, and collision repair to name amongst a host of other facets. As we venture into the future of mobility, OEMs are rolling out a diverse and technologically advanced line-up of cars, trucks and commercial vehicle s and this has opened a whole new world of possibilities. Here are some of the biggest trends that are expected for automotive parts manufacturers in 2020. Clean mobility is the future As propulsion technology improves it opens new horizons for the parts manufacturers. Electric and hybrid solutions are being developed at a never seen before rate as we take one more step towards the future of clean mobility in 2020. Technologies like cylinder deactivation, cleaner injection systems, more efficient ...