Page 32 - TTG-Taiwan Transportation Equipment Guide 2024-04 Edition

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Exhibition Highlights

Growth in EV Demand Amplifies Appeal

of Auto Parts-Focused Exhibitions

BY Stere Chuang

At INA PAACE Automechanika Mexico 2023, Economic Daily News/CENS established a booth at “2004,” catering to both
Taiwan suppliers and international buyers. (Photo courtesy of CENS)
By Andrew Hsu

According to a report from the Economist easier and more efficient for international buyers
Intelligence Unit, global electric vehicle (EV) sales to connect with the most suitable suppliers from
are projected to surge by 21% year-on-year, Taiwan.
reaching 14.9 million units in 2024. This surge
would constitute 24.6% of global new vehicle sales, INA PAACE Automechanika Mexico
marking a 3.6% increase in overall market share. (Booth: 2004)
These robust sales figures not only underscore
the prosperity of the EV market but also highlight Collaboratively organized by major automobile
the effectiveness of national policies aimed at associations APRA, MEMA, and SEMA, the Auto
promoting EV adoption and responding to growing Parts & Accessories Show in Mexico functions as
market demand. a sister exhibition to the American APPEX show
and the SEMA show, boasting a history of over 20
Against the backdrop of the continued expansion years.
of the global EV market and favorable operating
conditions for auto parts manufacturers in the fourth Since 2019, Messe Frankfurt has taken on the
quarter of 2023, Taiwan's auto parts manufacturers role of hosting the exhibition, and the event gained
are actively expanding their business footprint into significant momentum in 2016 with the inclusion of
potential markets worldwide. This expansion is Ita (The Industria Nacional de Autopartes, A.C.),
helping to showcase the island's high-quality auto Mexico's largest representative organization for the
parts products on the global stage. auto parts manufacturing industry. This strategic
partnership has heightened the exhibition's impact
In response to this trend, Economic Daily News/ and prominence.
CENS has been and will continue to participate in
various international exhibitions throughout 2023 Today, widely recognized as the most
and 2024. The goal is to promote Taiwan's top- crucial international trade fair for the automotive
notch auto parts suppliers globally and make it aftermarket in Latin America, INA PAACE