Key Stats to Know About the Automotive Aftermarket

12 March 2019

Riding on the back of the booming Italian and US auto markets and the development of autonomous vehicles, the global automotive aftermarket industry is progressing

After over 10 consecutive years of growth following the global economic depression of 2008, the global automotive aftermarket reveals interesting data from the automotive industry. Let’s see together what the state of the global automotive aftermarket is and the various future projections.

The automotive aftermarket: 2018 in review:

The year 2018 for the global aftermarket ended positively. According to data processed by the ANFIA Components Group, the turnover of the spare parts increased by 0.8% last year compared to 2017.

Looking at the performance of individual product families in Italy, 4 out of 5 have a positive trend. The body and interior components had significant increase while in 2017, they had remained substantially stable. This was followed by increases in electrical and electronic components which recorded the greatest contraction in the previous year.

The only parts with a negative sign in 2018 is that of engine components (-7.9%), which worsens its performance compared to 2017, when it had closed at -0.2%.

Analysts point out that the two-figure increase recorded by the family of body and interior components. In this case, one can link to the fact that the renewal of the Italian fleet, which has now reached a median age of almost 11 years for passenger cars, proceeds slowly. According to them, this helps to ensure some continuity in maintenance work for older vehicles.

You Must Know about the Aftermarket review in 2018:

On the family of electrical and electronic components, researchers must say that, the increasingly central electronics and telematics had great roles to play here. While on the one hand, they have contributed to reducing the margin of human error in maintenance and repair operations. The electronics and telematics aftermarket offer products that are more reliable and safe. This market has also increased the sale of spare parts of this type and the maintenance and repair interventions on increasingly complex components.

On the other hand, the decrease in the turnover of the engine components can be attributed in general terms. According to ANFIA, to the fact that the increasingly high level of quality of the components of the car, guarantees an extension of the average life. This, for complex systems such as the engine system, means that no replacement or repair work is necessary without major failures.

Aside from the above information, there are hundreds of other trends and statistics to consider when it comes to the automotive market. Let’s take a look at them, shall we?

Trends and statistics in the global automotive aftermarket:

1. In the last decade, the average usage of the vehicle fleet in the US has increased by about 17%

2. The length of use of new and already used vehicles over the last decade has increased by 60%

3. While 25% of the auto spare parts repair is handled by dealerships, 75% is done by independent repair shops.

4. 56% of automotive decision-makers predict a 30 to 50% decrease in the number of physical outlets by 2025, according to KPMG. As is with virtually all merchandise around the world, the automotive aftermarket industry is going electronic (online) and its marketplace is evolving. Parts and even repair services are being sold and offered online.

Additional trends and statistics in the global automotive aftermarket:

5. The irruption of the autonomous vehicle into the public space would offer more flexibility and profitability for all stakeholders. For example, 43% of respondents in a study conducted by KPMG say that current vehicle owners no longer plan to own the traditional car by 2025.

6. One can’t expect the demand for diesel engine replacement to thaw out quickly. Although diesel has become politically and socially unacceptable in many countries, the use of this fuel remains technologically and economically relevant for 50% of decision-makers worldwide. This figure even increased by 3 points in 2017 and illustrates the uncertainties that manufacturers face in this transition period.

7. As the world continues to anticipate the mass production of autonomous vehicles, the market is bracing up for an increase in demand of auto cooling systems such as the small AC compressor offered by Rigid for electric vehicles and car cabins. According to a report by Transparency Market Research, the automotive cooling system market will exceed $64b by 2026. During the period of forecast, the CAGR is expected to expand over 4%.

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Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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Which Type Of Forklift Your Industry Need: Have A Look At Them!

If your construction industry or storage facility requires moving heavy loads and equipment, you need useful equipment, and forklifts can be the one. Let us begin with the most standard question of them all what is a forklift? Forklifts are powerful machines that are used to carry heavy loads, equipment, and other things from one place to another. The builders in large industries and warehouses use forklifts to lift heavy objects. You can call them the staples of industries as they do every task that human employees cannot do. Type Of Forklift Your Industry Need The following are the most used types of forklifts: Standard Forklift: You cannot compete with the classic version of any equipment and forklifts are no exception. They are heavy loading machines that come with a simple design but have the capacity for heavy loads. These machines look like a small golf truck featuring twin forks in the front and a ladder behind. Besides, they can be used for lifting and placing materials and other paddles. Further, classic models come with various versions and different usage. There are some, which need manual processing, while others depend on electricity for the power source. Electrical Forklifts: Some Of The Most Common Electrical Forklifts Are: Electric Motor Rider Truck: These forklifts either contain pneumatic tires or cushions that easily lift the truck and can be used in warehouses. While the cushion tires are ideal for indoor use, the pneumatic tires can be used in dry, outdoors. These machines feature industrial batteries and rely on a transistor motor controller to control the travel. Moreover, they are versatile and make the best machines to be used in storage houses and leading industries. Electrical Motor Narrow Aisle Truck: These machines come with special features to maximize the space consumed by the truck and to improve the efficiency and speed in the industry. Since they have a narrow aisle, these machines are used to maximize the use of storage space. Electric Motor Hand Truck: These are the hand-controlled forklifts with the controls at the steering tiller and the operator in front of the truck. the control is mounted on top, with the operator helping in the movement of the tiller to steer the machine. Industrial Used Forklift: These machines can be used as a forklift, along with performing the function of a ‘Telehandler’. Most people are also popular with the capacity forklift name. While the industrial forklifts are not used for rugged and difficult terrain, they can easily load that is not at the ground level. however, you should know how to operate these machines like a pro. So, find out where to get forklift certification, and operate an industrial forklift with perfection. Pallet Jack Machines: These machines are compact in size and come with a small footprint. The reason pallet jack makes the best machine to accommodate in any size of the industry. The jack is steered with a tiller-like machine that acts as a pump handle and helps in raising the jack. The small handle on the tiller helps to release the hydraulic fluid, making the forks get lower. The front wheels at the end of the forks are placed on the levers, which are attached to the jack cylinder. The other more common types of pallet forklift machines or trucks are: Powder Manual Rough Terrain Telehandler: Telehandler is also called telescopic forklifts that look like both crane and forklift. The twin forks are attached to the machine and help in moving the pallets from the ground. In this article, we have tried to cover the most common as well as the most functional forklifts in the industry. Depending on your requirement, you can use one to increase productivity and efficiency. Read Also: Top 10 Best Sewing Machines For Beginners 12 Secret Methods Of Chi Machines Domination Lifting And Rigging Equipment—Your Hardware Guide Contemplating An Aluminium Ute Canopy For Your Four-Wheel Drive Vehicle?

Tips To Buy The Best Honda Car

Honda is a brand of truly high-quality and reliable vehicles that, with proper care, can serve their owner for many years. But this is only if the car has been properly maintained. If this is not the case, then no matter how reliable it is, it will still have various problems that can adversely affect the best honda car operation. Externally and internally, at first glance, the car may seem flawless, especially when you already really like it and you want it in your garage immediately. However, in such a situation, in no case should you lose your head and purchase a vehicle until you carefully check it. There are several ways to do this, one of which is to use a quality Honda VIN number decoder. In addition, it is necessary to personally inspect the car, or better, take it to a car service and entrust this work to professionals. Do's and Don'ts when buying a used car: You can’t consider the offers of resellers because their business is built on the principle of “buy cheaper, sell more expensive,” and such a scheme does not work at all in favor of the buyer. Do's Don'ts Don't trust anyone. Hence only searching with the best honda car service center near me is not going to sort out your problems. Offer the owner of the car you like to drive to the nearest service and check the car there.Never buy a car that lacks any documents. you can purchase a vehicle that has a lot of legal problems. Or it may be completely stolen.With anyone even for the most plausible refusal of the procedures. Then greet a goodbye and start looking for another car. There is almost a 100% chance that you will get the defective car. How Honda VIN Decoder Will Help You When Buying A Used Car? What things to check before buying a used best honda car? You will find out if the car was in an accident and, if so, how serious they were. In addition, you will find out if it is listed as stolen if it has legal restrictions that can complicate operation and registration if it has previously been in a taxi or on lease. Maybe you will even see photos from past sales and see its accurate mileage and all technical specifications. Here are the things factors which you need to check before buying a used car: Check for your honda best mileage car with a dedicated VIN decoder. This is a service that makes it possible to find out the entire history of the vehicle in just a couple of minutes. In order to use the program, you only need to know the VIN of the car.You can find it on the partition between the engine and the passenger compartment, on the dashboard, on the engine, under the windshield, or on the B-pillar on the driver's side. It is in these places that it is most often found in Honda cars. In order not to personally go to see the vehicle until you are sure that it is worth it, you can ask the owner to take a photo of the identification number. If he flatly refuses to do this, then with a high probability, something is wrong with the machine. Once you have received the VIN, go to the decoder's website and write the code in a special line. After you wait a couple of minutes, you will be given a complete and detailed history of the selected instance. 5 Tips For Choosing A Quality Honda Car: Here are the five tips for buying a good quality best honda car. Read it and avoid making some costly mistakes: Overview: Be Sure To Check The Documents For The CarCheck The Full Body Of the CarCheck The Engine’s FunctionsCarry Out A Test DriveTake The Car To A Car Service 1. Be Sure To Check The Documents For The Car Study them carefully and make sure they are original. Also, compare the VIN that is written in the documents with the VIN located directly on the vehicle body. These two numbers must match. If this is not the case, then the car is most likely stolen, and you should immediately refuse to buy it. 2. Check The Full Body Of the Car When inspecting your car body, always pay attention to car doors, covers, and hatches - they should not protrude or close tightly. Permitted gaps of the primary attachments of the body are 3-5 mm. Look closely to see if the car has severe rust and ensure that all parts of the vehicle are of the same color and shade. 3. Check The Engine’s Functions After starting the engine of the best honda car, look into the expansion tank - the presence of gases indicates a failure in the engine’s cooling system. That also means that every head gasket most likely needs to be replaced. Also, inspect the engine for oil leaks and the integrity of all hoses, tubes, and rubber gaskets. 4. Carry Out A Test Drive Try to choose the most varied route. Pay close attention to how the gearbox, suspension, and engine work. The best honda car should not make any strange extraneous noises. He must also drive smoothly and calmly handle all the bumps in the road without making unusual sounds. Try hard acceleration and hard braking. So you will understand if everything is in order with the braking system. 5. Take The Car To A Car Service There, professionals will inspect all elements of the best honda car and identify any malfunctions. In addition, you will even be able to consult with them about the cost of a potential repair. Conclusion: Buying a used best honda car is a very responsible process. You need to take into account a huge number of nuances and carefully check the vehicle before making a deal. Be sure to check the selected Honda copy using the VIN decoder and carefully inspect it personally, or entrust this matter to mechanics. In this case, you will minimize the likelihood of acquiring a low-quality copy and will be able to enjoy your purchase for a very long time. Additionals: Car between 5 – 10 Lakhs – what is it?Knowing Your Vehicle: 5 Maintenance Tips for Porsche OwnersUsed car: simple steps for buying from a reliable cars dealershipHonda Cars in Watertown NY: 8 Things to Check Before Buying a Second-Hand Car

6 Effective Ways To Improve Your Car’s Fuel Efficiency

Owning a car comes with many perks. You no longer have to endure the hassle of using public transportation when you can sit in the comfort of your own car. Along with this, you no longer have to wait for the bus schedule or squeeze yourself with everyone during the rush hour. However, even with the amazing benefits that your car can provide, there are some drawbacks. Unless your car’s electric, your vehicle needs gas to run for miles. Unfortunately, fuel prices are constantly increasing. While looking for the best gas stations that provide cheaper rates would be a great option, maximizing its efficiency could also be helpful. Some Ways To Improve Your Car’s Fuel Efficiency: 1. Go Easy On The Pedals As soon as you step inside your car, one thing you should keep in mind is to drive smoothly as possible. Not only that it can prevent you from pushing forward and backward every time your step on the brake and accelerator pedals, but it can also help you to save on your fuel consumption. Harsh driving and intense stepping on the pedals can hurt your vehicle and gas consumption, causing even more visits to the gas station. While it might sound exciting to frequently move your body and be intense with your every movement as if you’re a race car driver, it can negatively affect your gas consumption. In most cases, you’ll decrease your fuel efficiency by 15 to 30%. To prevent yourself from wasting money, you should go easy on the pedals and drive smoothly as possible. 2. Don’t Race On The Road An open road without any cars nearby might tempt you to test your speed limit. While it might sound exciting and fun, you should expect higher gas consumption. When you speed, you spend more fuel covering the same distance you would if you went a bit slower. If you’d like to save on gas, you should try to go slow, yet appropriate for the road, as much as possible. Research shows that your car is burning 25% more fuel if you’re running 80mph compared to 70mph. Moreover, depending on the car, driving over 50mph can reduce your fuel economy by 7 to 14%. If there’s no need to rush, try to slow down your speed and conserve your fuel as much as possible. 3. Check For Proper Tire Pressure While it might seem like a separate topic, your vehicle’s tire pressure can affect your car's fuel efficiency, forcing your car to work twice as much and burn your gas. You should begin by identifying your car’s ideal tire pressure and ensure that you keep it that way for your entire ride. Check your tire pressure at least every two weeks at the gas station or do it at home using a gauge and see if you need to add more air. If you choose to allow your vehicle to run with inadequate tire pressure, usually less than ten psi, it might affect your fuel economy by 10% for the entire trip. However, even with a single tire with an incorrect psi, it can still reduce your fuel’s efficiency by 3.3%. Moreover, this is only part of the car maintenance habits that you should observe regularly. 4. Remove Unnecessary Weight The heavier your car is, the more power it needs to run at your desired speed. Even if your vehicle can carry everything you put inside, it’ll only put more work on the machine, requiring additional fuel consumption. You should reduce what you throw inside as much as possible. If you don’t need to bring your kid’s stroller with you all the time or carry your bag full of clothes inside your car, you should consider leaving them behind unless you really need them for the day. Apart from unloading your trunks, you should also consider removing any unnecessary attachments inside your car. This will include your roof boxes and bike rack. If you don’t need them, you should just store them in the garage and attach them when required. While it might be added work, it could help you to improve your car’s fuel efficiency. 5. Plan Your Trips Planning your trips ahead goes a long way in maximizing your travel at the lowest cost. You’ll see which roads you should take, pinpoint heavy traffic points, and decide to take on shorter routes. To help improve your car’s fuel efficiency, you should check the traffic condition by checking the news or using a satellite navigation app that allows you to see the traffic condition in real-time. Moreover, avoiding rush hour would also help as it’s a traffic magnet, forcing you to be idle for a long time. Along with planning your trips, you should also consider making a single long trip, rather than reducing your trips into multiple ones, thinking that it’ll be more fuel-efficient. If you plan on making two short trips instead of one, you’re wasting more gas as your car would consume more fuel each time you turn it on. 6. Turn Off The Engine If you need to wait for someone while in the car, you might want to consider turning off your engine to save on gas. Even if you’re not driving your vehicle as you put it in a parking transmission, it’s consuming an adequate amount of gas, which could call for a visit to the gas station immediately. To avoid this happening, you should consider turning off your engine. When you turn off your engine, you can choose to leave the car or stay inside. However, if you’re staying, you should ensure that you keep your windows open to allow for proper ventilation as your car would be sealed shut, not giving you enough air to breathe in. Takeaway Improving your car’s fuel efficiency can really be challenging, especially if you have a usual driving habit. But trying to be a smooth driver would surely make everyone feel comfortable every time you’re behind the wheel. Moreover, reducing your car’s weight effectively allows for more space while also putting less pressure on your engine. Above all, always check for your tire pressure as they’re the most common reasons why vehicles are burning their fuel consumption. Read Also: 5 Signs Your Car Needs a Tune Up 10 Causes Of Uber Accidents In The United States Choosing the Right Anti-Theft Devices For Your Car In Houston TX

Key Stats to Know About the Automotive Aftermarket

The automotive aftermarket: 2018 in review:

You Must Know about the Aftermarket review in 2018:

Trends and statistics in the global automotive aftermarket:

Additional trends and statistics in the global automotive aftermarket:

4 Things You Need To Know About Commercial Truck Insurance

The perfect auto insurance company just for you

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Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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Which Type Of Forklift Your Industry Need: Have A Look At Them!

Tips To Buy The Best Honda Car

6 Effective Ways To Improve Your Car’s Fuel Efficiency

Key Stats to Know About the Automotive Aftermarket

The automotive aftermarket: 2018 in review:

You Must Know about the Aftermarket review in 2018:

Trends and statistics in the global automotive aftermarket:

Additional trends and statistics in the global automotive aftermarket:

Share this Article

4 Things You Need To Know About Commercial Truck Insurance

The perfect auto insurance company just for you

Tags

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

Leave a Reply Cancel reply

Popular

Follow Us

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