Taiwan's auto parts industry has seen remarkable growth, driven by its adaptable manufacturing capabilities, high-quality accredited products, and competitive pricing. As the US continues to face shortages in non-electrical auto parts, Taiwan's manufacturers, particularly small and medium-sized enterprises, are expanding their role in the global automotive supply chain, providing both aftermarket and OEM solutions.
Taiwan's adaptable manufacturing, high-quality accredited products, and competitive pricing have driven significant growth in its auto parts industry.
Taipei, November 2024 – As the US faces a shortage in auto parts, Taiwan External Trade Development Council (TAITRA) is unveiling several case studies to illustrate how Taiwan's auto parts industry is well-positioned to further expand its role in global automotive supply chains.
Taiwan's adaptable manufacturing, high-quality accredited products, and competitive pricing have driven significant growth in its auto parts industry, with the US accounting for 56% of export value.
Apart from the chip shortage, the US and other countries are still recovering from shortages of non-electrical auto parts, causing car owners, dealerships, and repair shops to increasingly turn to aftermarket parts. This shift has driven growth in Taiwan's auto parts industry, which is mainly small and medium-sized enterprises specializing in the aftermarket segment. This recent growth is largely due to adaptable manufacturing practices, quality products accredited by multiple countries, and competitive pricing on the global stage. The US represents 56% of its auto part export value, and growth has greatly accelerated since 2022 when the largest insurer in the US expanded use of aftermarket parts.
Such shifts and challenges present an opportunity for Taiwan's auto parts makers to evolve from aftermarket parts to increasingly making OEM auto parts for car brands. Taiwan's auto parts industry offers a unique combination of:
·Automation and cutting-edge production technologies
·In-depth, extensive experience
·Product innovation and R&D
·Customization capabilities
·High-efficiency production
·Rigorous adherence to international standards, including the International Automotive Task Force's IATF 16949
Known for high-compatibility suspension and steering parts, Great Auto Parts stands out for its rack end component. This enhances vehicle safety with its high-tensile strength, durability, and longevity from a proprietary heat treatment, offering 4 to 8 tons of average pull strength—greater than the OEM standard of 3.5 tons.
With over 30 years of CNC machining experience, Great Auto Parts has Taiwan's first dedicated test lab for steering and suspension parts, develops over 150 new products annually, and has fully integrated production.
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