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What the Future Holds for the Aftermarket at AAPEX 2024
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By Counterman
The importance of collaboration in the automotive aftermarket can’t be overstated. Distributors, manufacturers, training institutions, associations and service providers all help automotive professionals stay ahead in a market that is constantly evolving with new technologies, trends, and customer demands.
There’s no better place that fosters vital industry connections than
link hidden, please login to view, held annually in Las Vegas. AAPEX serves as a nexus where industry professionals come together to forge new relationships, strengthen existing ones, and stay abreast of the latest industry developments. Training is a cornerstone of AAPEX’s offerings, reflecting its commitment to elevating the industry standards. By participating in these sessions, businesses can ensure that their teams are knowledgeable about the latest technologies, products, and best practices.
This not only helps in improving service quality but also fosters a culture of continuous learning and improvement within organizations. Beyond training, AAPEX provides countless networking opportunities. These events enable professionals to meet new people and companies, opening doors to potential collaborations and partnerships. By leveraging these opportunities, industry professionals can ensure they remain at the forefront of industry developments, driving growth and innovation in the process.
This year’s AAPEX will be in Las Vegas November 5-7 and promises to be a vital gathering for those looking to strengthen their business connections and stay ahead in the rapidly evolving aftermarket landscape.
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By Counterman
The group
link hidden, please login to view estimates the global piston ring aftermarket will reach a value of $2.81 billion in 2024 and increase 4.8% over the next 10 years. According to FactMR, the market share of gasoline and hybrid cars is still huge, which will keep the demand growth for piston rings in the aftermarket steady over the coming years.
Key Takeaways from the FactMR Study:
Aftermarket sales of piston rings are expected to reach US$ 2.81 billion in 2024. The market is forecasted to touch US$ 4.5 billion by the end of 2034. Aftermarket sales of piston rings in the United States are set to reach US$ 581.1 million in 2024. China occupies a 60% share of the East Asia market in 2024. Aftermarket piston ring sales in Japan are expected to touch US$ 258.4 million in 2024. The East Asia market is projected to expand at a CAGR of 5.9% over the next 10 years. The post
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By Counterman
The
link hidden, please login to view released its online publications, the 2025 Auto Care Factbook and the 2025 Auto Care Factbook & Lang Annual. This is the 34th edition of the Auto Care Factbook, which provides the latest consumer and industry trends, expanded international market performance and more, according to the Association. Along with a projected 5.7% growth in 2024, the Factbook projects the total light-, medium- and heavy-duty automotive aftermarket to be a $617.3 billion industry in 2027.
In the 193-page Auto Care Factbook report, readers will find:
The Joint Channel Forecast Model through 2027 prepared by S&P Global; Financial Benchmarks provided by Jefferies; E-Commerce trends; Vehicle registrations and usage; Collision, Paint, Body and Equipment data; State summary statistics; NEW Global Aftermarket industry profiles for Argentina, Brazil and Guatemala; UPDATED Aftermarket industry profiles for Bolivia, Canada and Mexico; UPDATED Driving behavior data; UPDATED Auto care industry consumer profiles and aftermarket service satisfaction by IMR, Inc.; UPDATED Electric vehicle aftermarket in China; UPDATED Tool and equipment purchasing trends; UPDATED Medium and heavy duty vehicles technology, parts and distribution. “As credit card debt in the U.S. reaches an all-time high of more than $17 trillion in 2024, Americans are feeling the weight of inflation and choosing more cost-saving options when possible, including with the maintenance of their cars,” said Bill Hanvey, president and CEO,
link hidden, please login to view “For many of the 236 million licensed drivers in the U.S., driving isn’t a luxury—it’s an everyday necessity—and the automotive aftermarket is proving to be the most viable option for affordable service and repair for many Americans as their budgets tighten. This year’s Factbook report underlines this trend of cost consciousness for the American consumer from the barber shop to the repair shop. The Factbook gives readers a holistic view of the aftermarket with the latest available data, equipping industry professionals with the information needed to plan for the year ahead.” All Auto Care Association contacts at member companies receive a complimentary digital copy of the 2025 Auto Care Factbook report as an association member benefit.
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By Counterman
link hidden, please login to view announced it will automate the company’s aftermarket products warehouse in Crossville, Tennessee, scheduled for 2025. The warehouse will be retrofitted with a AutoStore robotic storage and picking system. Encompassing a 22,000-square-foot space, the system will include approximately 24,000 storage locations. The fully automated AutoStore picking solution represents a significant leap forward in SKF’s logistics capabilities, allowing for increased efficiency and precision in order fulfillment, the company said. Innovative Technology and Strategic Consolidation
The Crossville facility was chosen for this new technology due to its existing role as SKF’s main distribution center in the US. The location offers substantial logistical benefits as a Free Trade Zone (FTZ), according to SKF. Additionally, Crossville already accommodates the SKF Vehicle Aftermarket North America component warehouse and Kitting Center, making it an ideal location to centralize warehousing, kitting, and logistics operations under one roof, the company added.
Anticipating Enhanced Customer Experience
The consolidation of storage and the introduction of advanced automation technology at the Crossville warehouse will significantly improve
link hidden, please login to view operational efficiency. The facility’s 24,000 storage locations will ensure that a wide variety of products are readily available, enabling faster response times and better service for SKF’s customers. SKF Vehicle Aftermarket Global President Philipp Herlein said: “This strategic investment highlights SKF’s commitment to excellence in logistics, ensuring that the company continues to meet the evolving needs of its customers. By improving delivery lead times and optimizing order fulfillment processes, SKF is poised to enhance customer satisfaction and maintain its position as a trusted partner in the industry.”
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