Caleb Andrew's blog : Exploring Brazil’s Automotive Aftermarket: A Complete Guide to Parts and Services
Automotive aftermarket has gained immense popularity over
the years as it helps in maintaining the durability and smooth working of
vehicles. Almost all vehicle makes and models are supported by the aftermarket
automotive industry ensuring that drivers are provided with necessary repairs
and upgrades. Complex vehicle technologies require advanced aftermarket
services and parts. This article focuses on automotive aftermarkets and
automotive aftermarket essentials. It also focuses on the continuous evolving aftermarket
automotive industry and the aftermarket automotive industry as a whole.
What’s the Automotive Aftermarket?
Every automotive aftermarket comes with a broad array of
products, services, and solutions pertaining to a vehicle that comes after the
vehicle has been sold by the manufacturer. This automotive aftermarket includes
replacement parts, accessories, custom vehicle repair services and maintenance,
and vehicle customisation. aftermarket automotive industry plays a significant
role in providing cost effective solutions. This helps vehicle owners to
personalize and enhance their vehicles, all while ensuring vehicle performance
and longevity.
The advancements in technology and increased digitization is
allowing automotive aftermarket solutions to grow faster than before and
providing new opportunities to workshops, retailers, and customers alike. In
addition to replacement parts and accessories, aftermarket service providers
offer solutions that enhance efficiency, functionality, and aesthetics. These
aftermarket components are cheaper than Original Equipment Manufacturer (OEM)
components, and compatible with almost every make and model. automotive
aftermarket solutions also include specialized services like performance
upgrades, diagnostics, and software that enhances the performance and longevity
of the vehicle.
As per GMI Research, the Brazil Automotive AftermarketMarket is estimated to grow at a robust CAGR during the forecast period till
2032.
Why is the Automotive aftermarket important in vehicle
service and maintenance?
The automotive aftermarket solutions is the cornerstone of
vehicle extended care head, parts, accessories, and, within the arms of
aftermarket. This is an important sector to both vehicle owners and service
providers and covers almost every make and model vehicle that is on the market
today.
The OEM parts are manufactured by the same company that
built the original parts of the vehicle which guarantees both precision and
adherence to factory standards. On the other hand, aftermarket parts are
manufactured by other companies and are intended to fit multiple vehicle types.
While OEM parts provide peace of mind, aftermarket parts bring more options,
lower prices, and even some performance enhancements.
For buyers who are more price-sensitive, and for buyers who
want to modify or enhance performance of the vehicle, the aftermarket
automotive industry provides a more flexible and high-quality alternative.
There are specialized segments of the automotive
aftermarket, and these segments depend on each other to maintain the vehicle in
the best possible condition during its lifecycle. Four fundamental groups
provide the necessary parts, tools, and services to carry out repairs and
maintenance.
At the base are OEMs and independent parts manufacturers
that provide original and aftermarket parts. Factory-authorized parts are
provided by vehicle manufacturers and expanded by independent suppliers, who
cater to varying budget and performance criteria, to enable repair
professionals and vehicle owners to find a suitable solution for any repair.
Spare parts suppliers and wholesalers constitute the
distribution network, forming the crucial link between the manufacturers and
service providers. These companies manage the logistics of delivering
components to workshops, tire specialists, and body repairers in a timely
manner. Good inventory control systems structure inventory flows and align
supply schedules to service and equipment demand, thus ensuring maintenance
services are performed quickly and efficiently.
- News