Page 35 - TTG-Taiwan Transportation Equipment Guide 2023-04 Edition

33
Exhibitions Review

Taiwan exhibition group at 2023 AAPEX. (Photo courtesy of CENS)
buyers in search of suitable Taiwanese suppliers to AAPEX 2022
seize business opportunities with ease. Moreover,
buyers could get from the magazines updated In 2022, AAPEX hosted 1,400 exhibitors from all
industry news, trends, and a quick look at innovative over the world, who occupied some 2,500 booths to
technologies that are being brewed up in Taiwan. showcase more than 1,000 different kinds of auto
CENS also offered visiting buyers at the booth with parts, accessories and related services. Although
instant matchmaking services to help streamline the show had half the footprint it did in 2019, the
their purchase process. visitor turnout bottomed out by around 70 percent,
which indicates increasingly strong demand from
the U.S. and its neighboring countries.

According to the official data of AAPEX, market
size of the global aftermarket (AM) segment for auto
parts and accessories is estimated to have reached
US$1.8 trillion, to which the U.S. alone contributes
US$514 billion. Such strong momentum of the
U.S.’s AM segment can be owed to a great number
of automobiles and trucks roaming on roads,
especially large truck fleets that generally have their
own repair workshops, which are an integral part of
domestic transportation in the U.S., and therefore
effectively sustain local market demand for AM
parts.

Perhaps among the most remarkable Taiwanese
suppliers attending the trade fair was Cub
Elecparts, a manufacturer of automotive electronics,
who showcased its tire-pressure monitoring
system (TPMS) and advanced driver-assistance
system (ADAS) for large vehicles. With its products
meeting demand from the local market segment
mentioned above in the U.S., the Taiwanese
exhibitor enjoyed a flood of inquiries from buyers.
Sale representatives of Cub Elecparts stated that
in response to market changes, the company
continues to engage in R&D for new products,
CENS at 2022 Automechanika Frankfurt with April edition including ABS sensors, oil pressure sending units
TTG magazine and had attracted various buyers. (Photo and turn signal switches.
courtesy of CENS)