October 2024 has brought several industry updates relevant to suspension and steering parts, highlighting both safety concerns and technological advancements. In response to prolonged vehicle usage and increased demand for high-quality replacement parts, manufacturers are expanding offerings to cover a larger variety of makes and models, particularly in regions with rising vehicle age. This expansion focuses on providing durable, reliable parts as more consumers aim to maintain their vehicles longer due to economic factors like inflation and rising interest rates
The industry has also seen significant integration of technology into suspension and steering systems, driven by advancements in autonomous and electric vehicles. As more vehicles are equipped with features like self-parking, lane centering, and adaptive cruise control, suspension and steering systems are increasingly designed to integrate with these high-tech systems to enhance vehicle stability and control. Additionally, there’s a growing shift to digital sales channels in the spare parts sector, as online shopping for auto parts continues to grow, requiring companies to adapt their inventory and supply chain management to meet customer demand efficiently.
Future Trade Auto Spare Parts & Components LLC
1506, International Business Tower, Al A’amal Street, Business Bay, Dubai, UAE
