Taiwanese Brands Will Showcase Their Ongoing Competitiveness in the Evolving Aftermarket Auto-Parts at AAPEX 2016
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LAS VEGAS—Taiwan’s leading auto parts brands will demonstrate their ability to remain competitive in an industry poised for disruption at the 2016 AAPEX Show, which is being held at the Sands Expo in Las Vegas, Nevada. That competitiveness is built on top of the island’s outstanding IT infrastructure and flexibility in terms of responding to new market trends. Visitors to the exhibition can gain a firsthand look at the diversity of Taiwan’s industry at the Taiwan Excellence Pavilion (booth number 7834) from November 1st to 3rd.
Taiwanese brands move towards regional specialization to maintain their elite status
The $356 billion aftermarket auto care industry is experiencing significant growth. The average length of vehicle ownership for new and used vehicles has increased by 60% over the last ten years, according to statistics from Openbay.com. As the demand for replacement parts goes up, the value of Taiwan’s auto parts industry is growing yearly in both the aftermarket and OEM sectors.
In addition, demand from developed countries such as the US for high-value parts and new energy efficient vehicles is driving Taiwan's auto parts makers to aggressively move towards international consolidation and regional specialization to maintain their advantage in the industry. The demand in the US, in particular, remains high and is of great significance to Taiwan. Taiwan saw a total export value of nearly US $3 billion to the US market alone in 2015, representing a growth of 11.37%.
Taiwan can meet demands in the connected car market with its IT credentials and flexibility
As the connected car matures technologically, it will influence market trends and automakers’ relationships, according to a report from PwC research. This will cause the aftermarket to grow faster than average, at least in the near term, as shared mobility increases utilization. At the same time, automakers are introducing a wave of new infotainment and information technologies, including smartphone connectivity and in-dash apps, sophisticated audio and navigation systems, and even incorporating technology that recognize gesture controls.
Taiwan is especially equipped among overseas markets to cope with this disruption, thanks to a wide range of advantages. These include a comprehensive supply chain and seamless integration between central and satellite factories. This system, bolstered by a wide network of clusters strategically placed island wide, ensures production flexibility, a diversified product range along with rapid prototyping and reverse engineering. Most importantly, Taiwan’s exceptional IT infrastructure makes it easy for the local industry to rapidly adapt to any new technologies in the market.
Products featured at the Taiwan Excellence Pavilion (booth number 7834):
Federal
Federal 595RS-RR: The UHP tire delivers remarkable dry and wet handling and delivers performance at high speeds.
Transcend
DrivePro 520 Car Video Recorder: The product features a 130° view and f/1.8 aperture. The front lens captures Full HD videos.
Eagle Eyes
Headlight Glory of Dark Knight: Complying with green initiatives, the light bars use next generation material and high efficiency LEDs.
ADATA
The RC300 Dash Cam: Uses advanced optics and sensors to provide accurate and responsive road recording.
Proxene Tools Co., Ltd.
Fas Wernch IIRW Series: This powerful wrench provides users with two functions through the use of its magic button, allowing users to choose between regular or ratcheting functions.
Kenda
The Klever H/T (KR50): The first City Crossover and SUV tire that offers a quiet, smooth and comfortable ride, with four wide grooves that help provide extreme gripping when it's wet, while offering great
braking performance.
Holux
Heart-Rate Wristband Impulse 8050: The wristband’s fatigue detector alerts the user and prevents dangerous driving situations.
Roxim
Raptor e-bike Lights: The light’s super-compact range gives the user a panoramic 200° visual field of light, maintaining constant clear side and ultra-wide forward vision.
FSP Group
The EMERGY 1000 series: An all-in-one system that integrates a Li-ion battery system, battery management system, AC charger, Photovoltaic (PV) charger, DC to AC inverter, and System Controls.
GSK InTek Co., Ltd
Steering Wheel: Features an airbag module and can be installed in different vehicles just by simply changing the boss plate.
The symbol of Taiwan Excellence honors Taiwan’s most innovative products that provide tremendous value to users worldwide. All products carrying this symbol have been selected for specific Taiwan Excellence Awards based on their excellence in design, quality, marketing, Taiwan R&D and manufacturing. Initiated by the Ministry of Economic Affairs, R.O.C. (Taiwan) in 1992, the symbol of Taiwan Excellence is recognized by 100 countries.
