Auto Parts Manufacturing Market Significant Profits Estimated to Be Generated by 2021
Global automotive industry has been witnessing a high growth which is laying exponential opportunities for the automotive parts industry. There are basically two types of market for auto parts manufacturing namely Original Equipment Manufacturing (OEM) and aftermarket. In OEM the auto parts manufacturing industry supply components to the OEMs which are the automobile manufacturers. Generally the aftermarket supplies of auto parts manufacturing is greater than its OEM supplies.