The “AfterMarket AutoXpo 2023” enables the market for spare parts, accessories, and components for motor vehicles. Automotive specialty equipment manufacturers are to display innovative products, and connect with industry buyers from all over the world.
The aftermarket is a source of highly profitable recurring revenue. Manufacturers are increasingly turning their focus on aftermarket services. Manufacturers are increasingly starting to offer more aftermarket services, the broad category that includes the sale and delivery of maintenance, spare parts, and other value-added services.
Changes in customer demands, increasing market maturity, cyclical fluctuations in new equipment sales, and pressure on pricing are among the major factors driving many manufacturers to seek new aftermarket services revenue opportunities. Read More…