Growth in EV Demand Amplifies Appeal of Auto Parts-Focused Exhibitions
2024/03/22 | By CENSAccording to a report from the Economist Intelligence Unit, global electric vehicle (EV) sales are projected to surge by 21% year-on-year, reaching 14.9 million units in 2024. This surge would constitute 24.6% of global new vehicle sales, marking a 3.6% increase in overall market share. These robust sales figures not only underscore the prosperity of the EV market but also highlight the effectiveness of national policies aimed at promoting EV adoption and responding to growing market demand.
Against the backdrop of the continued expansion of the global EV market and favorable operating conditions for auto parts manufacturers in the fourth quarter of 2023, Taiwan`s auto parts manufacturers are actively expanding their business footprint into potential markets worldwide. This expansion is helping to showcase the island`s high-quality auto parts products on the global stage.
In response to this trend, Economic Daily News/CENS has been and will continue to participate in various international exhibitions throughout 2023 and 2024. The goal is to promote Taiwan`s top-notch auto parts suppliers globally and make it easier and more efficient for international buyers to connect with the most suitable suppliers from Taiwan.
INA PAACE Automechanika Mexico (Booth: 2004)
Collaboratively organized by major automobile associations APRA, MEMA, and SEMA, the Auto Parts & Accessories Show in Mexico functions as a sister exhibition to the American APPEX show and the SEMA show, boasting a history of over 20 years.
Since 2019, Messe Frankfurt has taken on the role of hosting the exhibition, and the event gained significant momentum in 2016 with the inclusion of Ita (The Industria Nacional de Autopartes, A.C.), Mexico`s largest representative organization for the auto parts manufacturing industry. This strategic partnership has heightened the exhibition`s impact and prominence.
Today, widely recognized as the most crucial international trade fair for the automotive aftermarket in Latin America, INA PAACE Automechanika Mexico has evolved into a vital meeting point for industry professionals seeking new suppliers and staying informed about the latest technologies and analytical product choices.
Ranked as the world`s fourth-largest manufacturer of automotive parts and accessories and the seventh-largest automobile supplier globally, Mexico boasts an impressive export rate, with nearly 90% of its auto parts being shipped abroad. The country holds the distinction of being the largest supplier of auto parts to the United States.
In July 2020, the United States-Mexico-Canada Agreement (USMCA) came into effect. Taiwan, as one of the five largest investors in Mexico, has attracted numerous manufacturers to actively invest and establish factories in Mexico in recent years, serving as a strategic entry point into the North, Central, and South American markets.
Automechanika Dubai (Booth: SR, C10)
Automechanika Dubai stands as the largest international trade show in the MEA region for the automotive aftermarket and service industry. In 2023, exhibitors from over 55 countries showcased more than 2000 products across eight distinct product sections at Automechanika Dubai. These sections include Parts & Components, Electronics & Systems, Accessories & Customization, Tires & Batteries, Car Wash & Care, Oils & Lubricants, Diagnostics & Repair, and Body & Paint. This exhibition serves as a crucial platform for industry players to connect, engage in meaningful conversations, explore new partnerships, and stay abreast of the latest market trends.
The exhibition also offers a plethora of exciting features to explore, with highlights such as AfriConnections – a dedicated forum connecting African buyers with global suppliers. Another notable feature is Innovation4Mobility, which focuses on the future of the automotive aftermarket. The Automechanika Academy serves as a platform for exchanging knowledge and gaining in-depth industry insights. Additionally, attendees can participate in training sessions, seminars, and demonstrations in the Modern Workshop. The Tools & Skills competition also provides a fun opportunity for participants to showcase their tire-mounting and changing expertise.
Moreover, the Automechanika Dubai Awards aim to acknowledge and honor individuals, organizations, and products throughout the MEA region for their outstanding performance, exceptional service quality, sustainability and safety initiatives, and notable achievements.
AAPEX - Automotive Aftermarket Products Expo & SEMA SHOW (Booth: J9756)
As one of the world`s top three automotive aftermarket exhibitions, AAPEX serves as a significant platform for showcasing new products and cutting-edge technologies developed by suppliers each year. The exhibits for this year encompass over 1,000 items, ranging from various auto parts, air-conditioning system components, and car audio to security fittings, electronic elements, storage batteries, safety belts, motor brake clutches, body parts, cooling system components, chassis parts, suspension systems, transmission system parts, steering system parts, and transmission components. Building on this momentum, the 2023 AAPEX introduces a new feature - the Electric Vehicle Experience - aimed at providing attendees with insights into the evolving vehicle fleet landscape and the potential aftermarket business opportunities it brings.
With a long-standing presence in the automotive aftermarket industry, Taiwan showcases its prominence at this year`s show with more than 230 exhibitors, securing its position as the third-largest participating country, surpassed only by the U.S. and China. Collaborating with Economic Daily News/CENS, various industry associations, including the Importers & Exporters Association of Taipei (IEAT), Taiwan Transportation Vehicle Manufacturers Association (TTVMA), Changhua County Industrial Association (CHCIA), Taiwan Forging Association, KABA, Kaohsiung Automobile Dealers Association, and Taiwan Auto/Motorcycle Parts R&D Alliance, have come together to establish a vibrant Taiwan Pavilion. This collective effort consists of 92 manufacturers spanning 117 booths, more than doubling the exhibitor count from the previous year, making it the largest exhibition group representing Taiwan.
Taipei AMPA / Autotronics Taipei & 2035 E-Mobility Taiwan (Booth: I0024)
With a keen intention to capture the post-pandemic business opportunities, Taipei AMPA 2023, AUTOTRONICS TAIPEI, and 2035 E-Mobility Taiwan collaborated to organize a three-in-one Mega show at the Nangang Exhibition Center Hall 1. The event spanned from April 12th to 15th 2023, serving as a comprehensive platform for industry engagement.
As per the event organizer`s compiled statistics, AMPA 2023 hosts an impressive 830 exhibitors, each presenting their solutions across a substantial 2,200 booths. The exhibition spans diverse themes, encompassing fuel vehicles, EVs, and self-driving vehicles, with exhibits featuring the entire automobile ecosystem, comprising components, smart mobile solutions, software and hardware platforms, and after-sales services.
Anticipating AMPA 2024 scheduled from April 17 to April 20, organizers project an impressive lineup with over 900 exhibitors and 2,500 booths. The event is expected to draw nearly 30,000 visitors from both international and domestic domains. Furthermore, the organizers have unveiled four key themes that will take center stage at the show:
[RE:DUCE]: ESG and Net Zero - A dedicated focus on sustainability, environmental responsibility, and striving towards achieving a net-zero impact on the planet.
[RE:THINK]: Innovation and New Energy (Alternative Fuel) Vehicles - Exploring breakthrough innovations and alternative energy sources that drive the automotive industry forward.
[RE:SECURE]: Vehicle Active and Passive Safety - Emphasizing cutting-edge advancements in vehicle safety, ensuring the protection of drivers, passengers, pedestrians. And protecting vehicles from potential cyber-attacks and ensuring robust digital safety measures is of paramount importance for manufacturers, consumers, and the industry as a whole.
[RE:CONNECT]: The Ecosystem of Automotive Industry and Supply Chains - Nurturing collaboration and synergies among industry stakeholders, strengthening the automotive supply chain for a more connected future.
IAAE - International Auto Aftermarket Expo (Booth: South Hall 4 (4F), 4136)
The 21st International Auto Aftermarket Expo is slated to take place in Japan at Tokyo Big Sight South Hall 1-4 from March 5th to 7th, 2024. Recognized as Japan`s premier aftermarket auto parts exhibition, the event garners attention from a diverse audience.
In its 20th edition in 2023, held just after the lifting of the Public Health Emergency of International Concern for COVID-19, the expo attracted 14,155 visitors according to the organizer’s data. It also featured the participation of 264 companies and associations, collectively occupying 504 booths. Among these, 184 Japanese companies and associations accounted for 416 booths, while 75 companies and associations from China, Taiwan, South Korea, Italy, Germany, the U.S., the Czech Republic, Thailand, and Japan collectively occupied 88 booths.
For the current year, the show’s exhibit profile will encompass a wide range of items, including aftermarket parts, diagnostics & alignment systems, collision repair & refinish garage equipment & tools, rebuild & recycle equipment, accessories for both exterior and interior, tires, wheels & brakes, lights & electronic components, paints & chemicals, car wash & car detailing products, insurance & security solutions, business systems, autonomous vehicles & EV technologies, commercial/large-size vehicles, and various other related products and services.
Automechanika-Ho Chi Minh City
Amid rapid economic growth and strategic reinforcement of automotive supporting industries, Vietnam is emerging as a compelling destination for firms eyeing international expansion. Automechanika Ho Chi Minh City serves as a beacon, shedding light on this transformation and showcasing the country`s potential as both a lucrative market and a production hub. According to organizers, last year`s exhibition at the 15,740 sqm Saigon Exhibition and Convention Center drew 13,148 visitors from 37 countries and regions, along with 461 exhibitors from 20 countries and regions.
As the show gears up for its sixth edition, Automechanika Ho Chi Minh City 2024 will feature specialized zones tailored to reflect the country`s unique market conditions. Notably, the Automotive Manufacturing, Transformation & Automation Zone will delve into key manufacturing trends, including AIoT, 3D printing, and innovative materials.
Also, in line with the region`s growing rate of car ownership, the Auto Repair, Maintenance & Care / Accessories & Customizing Zone will provide a platform to explore a range of electrical and mechanical repair and maintenance technologies. This includes specialized equipment and tools for new energy vehicles, as well as car detailing and customization. Meanwhile, the Automotive Mobility Solutions Zone will showcase the latest technologies and solutions in smart mobility, electric vehicles, logistics, automotive OE, and the aftermarket.
Amidst the myriad of impressive exhibitions globally, let`s not overlook Economic Daily News/CENS. We are devoted to cultivating business opportunities for both buyers and suppliers, steadfast in our commitment to providing the latest information about the auto parts industry. Importantly, for all the previously mentioned exhibitions, Economic Daily News/CENS will provide real-time business matchmaking services, facilitating direct interactions between professional buyers and suitable Taiwanese manufacturers on-site.