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Empowering the Automotive Aftermarket Through Collaboration
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By OReilly Auto Parts
SPRINGFIELD, Mo., July 01, 2024 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its second quarter 2024 results as Wednesday, July 24, 2024, with a conference call to follow on Thursday, July 25, 2024.
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By Counterman
The automotive aftermarket often celebrates its long and historic legacy—manufacturers that engineer solutions, distribution channels that crisscross the country, parts stores and repair shops that keep America moving. Today, the aftermarket is paving the foundation of a new legacy—dreaming up innovation in new and existing powertrains, leveraging digitally driven solutions and forging stronger relationships. This year’s Road to AAPEX traverses the crossroads where history meets ingenuity to drive the industry down the road toward its future legacy.
Babcox Media’s Joe Keene, an ASE-certified technician, navigates the automotive aftermarket landscape, starting at the Crawford Museum in Cleveland, Ohio. A location rich in automotive history, the Crawford Museum displays a parallel path between early automotive designs and modern vehicles that shows off the continuous advancements that have shaped the industry.
Meanwhile, David Sickels, Babcox Media editor, will delve into the aftermarket and the significant contributions of independent companies within the supply chain. He’ll travel the country to chart the history of the aftermarket, the key players, and the processes involved in manufacturing automotive parts. He will interview key figures in the industry and examine the processes that bring aftermarket parts from conception to market, providing valuable insights into the operational aspects and historical development of the aftermarket sector.
Then there’s Babcox Media’s Scott Shriber, automotive aftermarket guru, who will focus on the logistics and distribution chains that deliver parts to local technicians and repair shops. He’ll explore the history of parts distribution, tracing its growth and evolution into the complex system it is today while providing a detailed look at how distribution networks have adapted to meet increasing demand and technological advancements, ensuring parts are delivered efficiently and reliably.
Of course, it all ends where the rubber meets the road—the hard-working automotive repairs shops that put the parts and solutions to work to get customer vehicles back on the road. Joe Keene will take us on a tour of the automotive aftermarket front line to talk with shop owners and technicians about how they’re innovating within their own businesses to keep America moving.
Watch the video for a deeper understanding of the industry’s dynamics and the factors that drive its continuous evolution. Be sure to stay tuned for more episodes of Road to AAPEX.
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By Daysyore
The catalytic converter is a critical component in modern vehicles that plays a crucial role in reducing harmful emissions. This device, typically located in the exhaust system, helps convert toxic pollutants from the engine's exhaust gases into less harmful substances. While catalytic converters have been instrumental in improving air quality and meeting emission standards, they have also become a hot topic of discussion due to their environmental impact, cost, and potential for theft. In this article, we will explore the significance of catalytic converters, their environmental benefits, challenges faced, and potential future developments.
Environmental Benefits:
Catalytic converters have made significant contributions to reducing air pollution and improving overall environmental quality. They primarily work by facilitating chemical reactions that convert harmful pollutants into less harmful compounds. Key environmental benefits include:
1. Emission Reduction: Catalytic converters effectively reduce emissions of harmful pollutants such as carbon monoxide (CO), nitrogen oxides (NOx), and unburned hydrocarbons (HC). These pollutants contribute to smog formation, respiratory issues, and environmental degradation.
2. Compliance with Regulations: Catalytic converters enable vehicles to meet stringent emission regulations imposed by governments worldwide. These regulations aim to mitigate the adverse effects of vehicle emissions on public health and the environment.
Challenges and Concerns:
Despite their environmental benefits, catalytic converters face several challenges and concerns:
1. Precious Metal Usage: Catalytic converters contain precious metals like platinum, palladium, and rhodium, which act as catalysts. The extraction and mining of these metals can have negative environmental impacts, including habitat destruction and water pollution.
2. Cost and Maintenance: Catalytic converters are expensive components, and their replacement or repair can be financially burdensome for vehicle owners. Additionally, improper maintenance or the use of low-quality fuels can lead to premature failure or reduced effectiveness of the catalytic converter.
3. Theft: Catalytic converters contain valuable metals, making them a target for theft. Criminals often remove catalytic converters from vehicles due to their high resale value, leading to inconvenience and financial loss for vehicle owners.
Future Developments:
To address the challenges associated with catalytic converters, ongoing research and development efforts are focused on potential advancements:
1. Alternative Catalyst Materials: Scientists are exploring alternative catalyst materials that can reduce or eliminate the need for precious metals in catalytic converters. This could help mitigate environmental concerns related to metal extraction and lower production costs.
2. Improved Efficiency: Researchers are working on enhancing the efficiency of catalytic converters to further reduce emissions and improve fuel economy. Advancements in catalyst design and optimization of chemical reactions can contribute to more effective pollution control.
3. Anti-Theft Measures: Automotive manufacturers and law enforcement agencies are collaborating to develop anti-theft measures, such as tamper-resistant designs and identification technologies, to deter catalytic converter theft.
Conclusion:
The catalytic converter remains a vital component in the automotive industry's efforts to reduce harmful emissions and improve air quality. While it has made significant environmental contributions, challenges such as precious metal usage, cost, and theft persist. Ongoing research and development endeavors aim to address these concerns through alternative catalyst materials, improved efficiency, and anti-theft measures. As technology advances, striking a balance between environmental impact, automotive performance, and affordability will be crucial in shaping the future of catalytic converters and sustainable transportation.
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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
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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