Aftermarket parts up 3%.The U.S. automotive hard parts aftermarket will grow from $7.35 billion in 1993 manufacturer-level revenues to $8.95 billion by the year 2000 at a 3% compound annual rate, projects a new study released by Frost & Sullivan. As of the year 2000, 49% of market revenues will come from undercar parts, 14% drive train parts and 13% each engine parts and cooling systems cooling systems for housed animals include spraying of roofs with water, evaporative pads with fans, foggers and misters; for pastured animals shelter from the sun by trees or artificial shade devices and cooling ponds are used. , forecasts the report. Improvement in OEM-level quality is bringing longer replacement cycles, reducing demand for replacement parts. The aftermarket is largely unaffected by economic downturns since most parts are non-discretionary; they must be fixed or replaced when they malfunction or the car will be unusable. There has been a breakdown in the structure of the traditional aftermarket. Some players have gained new buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. , while survival of independent garages, jobbers and some other channel participants is increasingly in question. Manufacturers will continue to consolidate. High availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. , competition from overseas manufacturers and new concentrations of buying power have contributed to severe price competition. The distribution system that survives will be the one able to give end-users the replacement parts they need fastest and cheapest. The aftermarket continues to lag a few years behind developments in the new-car market. At the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and level, manufacturers are trying to make more environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] cars with more value-added and greater fuel economy. The evolution of new automobile designs in turn promotes parts proliferation in the aftermarket. Hard parts include brake parts, exhaust parts, ride control, steering and suspension parts, alternators, carburetors and related kits, fuel and water pumps, radiators, belts, hoses, transmission parts, clutch parts, joints, gaskets, pistons, pins and piston rings, valves and valve train Valve train The valves and valve-operating mechanism by which an internal combustion engine takes air or fuel-air mixture into the cylinders and discharges combustion products to the exhaust. components, anti-friction bearings, engine bearings and seals. |
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