Significant Facts about export of Commercial Vehicle Spare Parts

An automobile spare part is a component that allows someone to replace a broken machine component with a working one. It is usually kept as inventory that can be used to fix multiple units of vehicles that need upgrading or replacement. However, exporting replacement parts for commercial vehicles is critical to the automobile industry’s survival. Know-how, market conditions, trends, and possibilities are crucial for businesses trying to broaden their reach and cater to a variety of markets. This blog article will examine the spare parts export sector, explain its importance, and provide insights into the export statistics of heavy vehicle spare parts.

Is selling spare parts a profitable business?

Selling automotive parts is one of the most profitable enterprises. Every car will ultimately require the replacement of several spare parts! As long as machines and equipment exist, replacement parts will be required as they wear out or break. Spare parts can be marked up greatly, resulting in enormous profit margins.

This is especially true for specialized or difficult-to-find components. The market for spare parts can be extremely competitive, especially for popular or generic components. You’ll need to figure out how to differentiate yourself, such as by offering competitive pricing, outstanding customer service, or specialized parts.

Heavy Vehicle Spare Parts Export Data: Quick Overview

Did you know that? Seair’s export-import figures demonstrate India’s global automobile spare parts market supremacy. According to Spare Parts Export Data, India is the world’s leading exporter of vehicle replacement parts, with 2,651 Indian companies shipping 1.9 million units to a global network of 11,575 buyers.

However, Indonesia, the United Kingdom, and the United Arab Emirates are India’s largest importers of automotive items, indicating the quality and competitiveness of Indian-made components. India’s position at the top of the global scoreboard, trailing countries such as Japan and Thailand, emphasizes its dominance even more.

Top Exporter of Commercial Vehicle Spare Parts

According to heavy vehicle spare parts export data, the ten exporters with the largest dollar value of automobile parts exported in 2022 are shown below.

• Germany: $60.7 billion.
• China: $49.7 billion.
• United States: $40.7 billion.
• Mexico: $37.9 billion.
• Japan: $29.1 billion.
• South Korea: $19.9 billion.
• Italy: $15 billion.
• Czech Republic: $14.4 billion.
• France: $13.1 billion.
• Taiwan: $15.78 billion.

The global commercial vehicle spare parts market is controlled by a diverse mix of European and Asian countries, with Germany leading the way with an impressive $60.7 billion in exports by 2022. Following closely behind are China ($49.7 billion) and the United States ($40.7 billion), demonstrating the tremendous contributions of these major economies.

Aside from the top three, several other countries play significant roles, including Mexico exporting $37.9 billion in components, Japan $29.1 billion, and South Korea $19.9 billion. European powerhouses such as Italy and the Czech Republic remain competitive, exporting $15 billion and $14.4 billion, respectively, while France contributes $13.1 billion. Notably, Taiwan is a major competitor in the market, exporting $15.78 billion in commercial cars.

How can I obtain heavy auto parts export data?

To find reliable and up-to-date spare parts export data or heavy truck parts export data, go to the Seair Exim Solutions website and search the real-time spare parts goods database. We also supply India export data, import data, and HS codes.

Finally, the spare parts industry is expected to grow significantly in the next few years, owing to a variety of factors, such as the increased need for spare parts and technological advancements. Whether the focus is on auto parts export data, heavy trucks parts export data, or heavy auto parts export data, the goal is to use the information collected to make informed decisions.

Seair Exim Solutions, a renowned market research firm, may use this vital information to uncover new prospects, buyers, and suppliers, as well as capitalize on India’s thriving automobile export market. So, connect with our devoted professionals and schedule a free live demo today!