Page 34 - TTG-Taiwan Transportation Equipment Guide 2023-09 Edition

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Industry Trends

plant in the northeast of England, Nissan has com-
missioned a special conversion of the Nissan Bluebird
– the very first car to roll off the production line at
the factory in 1986. This unique conversion involves
replacing the original petrol combustion engine with
the latest electric drivetrain, transforming the car into
an EV.

However, owing to the intricate and proprietary
nature of the electrical systems in EVs, car
manufacturers often refrain from disclosing detailed
information about their circuit management and
The increasing demand for EVs is also invigorating configuration. As a result, when individual car owners
the aftermarket industry. Alongside the introduction of decide to modify their vehicles, they typically opt for
new maintenance, recycling, and software upgrade exterior enhancements like car wrapping, wrap films,
services for electric motors, batteries, and battery vehicle body painting, car livery, etc. Additionally,
management systems, there are notable features customization of wheel rims, shock absorbers, brakes,
such as simplified maintenance processes and rising rear spoilers, body kits, and other components is also
component prices. Additionally, the trend for Mobility increasingly popular in the aftermarket.
as a Service (MaaS) is leading to a surge in vehicle
mileage. It is clear that more industry professionals Thrives Amidst Economic Challenges
will seize this opportunity to join this ecosystem and Despite the challenges posed by the overall
drive transformation through standardization and economic environment, the aftermarket in the first
digitalization to cater to a larger customer base. half of 2023 has shown promising signs, albeit still a
distance away from the highly anticipated prosperous
Comeback of Retro Styles market conditions. Recent developments, such as the
With the growing popularity of modern and stylish introduction of new products by clients, the completion
EVs in the market, there is also a resurgence of of market inventory realignment in Europe and the
interest in retro styles. One notable example is the US, increased demand for key components, and
“Grandeur Heritage Series” introduced by Hyundai to a surge in orders from branded car manufacturers
pay tribute to their first flagship sedan, the Grandeur. and distributors, have led to the emergence of new
This series maintains the original rectangular business opportunities. All these positive trends
appearance of the Grandeur while incorporating a indicate that the revitalization of the aftermarket is on
state-of-the-art electric interior system. Additionally, to the horizon.
celebrate 35 years of production at their Sunderland