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SKF Automating Tennessee Vehicle Aftermarket Warehouse
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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 Dorman Products
Mechanic trivia: Do you know which vehicle has the longer wiper blade on the passenger side?
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By Dorman Products
Before selling a vehicle, make sure to remove personal data from the infotainment system
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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
Brian Cruickshank’s journey in the aftermarket industry began at Babcox Media, his first job right after college. Initially envisioned as a temporary position, his role evolved into a 29-year career that laid the foundation for his industry expertise. At Babcox, Cruickshank worked across various segments, starting as a junior editor for Underhood Service magazine. Cruickshank ultimately became the editor of Counterman Magazine and aftermarketNews, experiences that gave him comprehensive insights into the distribution market and prepared him for his current role as a Partner at Schwartz Advisors.
Cruickshank’s engagement with the aftermarket community extends beyond his editorial roles. His involvement with Auto Care Connect, which began during his early career, has been a significant part of his professional development. This involvement continues today, with many Schwartz Advisors’ team members actively participating in Auto Care initiatives.
Cruickshank’s tenure at Counterman provided a front-row seat to the significant changes in distribution. He witnessed numerous major acquisitions, such as O’Reilly’s acquisition of CSK. These events were part of a broader trend of consolidation that has transformed the landscape of the aftermarket distribution sector. When Cruickshank entered the industry, he remembers more than 15 program distribution groups. This number has since dwindled due to mergers and acquisitions, illustrating the ongoing consolidation within the industry.
Cruickshank notes that the consolidation trend shows no signs of slowing. Schwartz Advisors is deeply entrenched in the distribution sector, and firsthand experiences suggest that interest in both light vehicle and heavy-duty distributors remains strong. While the light vehicle distribution market is more mature, there’s increasing activity in the heavy truck segment. Factors driving this consolidation include the desire of founder-owned companies to either exit or find well-capitalized partners to support growth.
Despite the ongoing consolidation, Cruickshank believes there is still a viable future for independent distributors. He anticipates that the number of distributors will continue to shrink, driven by acquisitions and interest from private equity. However, he underscores that well-run, profitable regional and local distributors will continue to have a place in the market.
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