Strength in Aftermarket Parts Is Expanding Taiwan’s Role in Automotive Supply Chains | PR Newswire [Video]

, /PRNewswire/ — As the US faces a shortage in auto parts, Taiwan External Trade Development Council (TAITRA) is unveiling several case studies to illustrate how Taiwan’s auto parts industry is well-positioned to further expand its role in global automotive supply chains.

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Taiwan fills the gap for auto parts in the US

Apart from the chip shortage, the US and other countries are still recovering from shortages of non-electrical auto parts, causing car owners, dealerships, and repair shops to increasingly turn to aftermarket parts. This shift has driven growth in Taiwan’s auto parts industry, which is mainly small and medium-sized enterprises specializing in the aftermarket segment. This recent growth is largely due to adaptable manufacturing practices, quality products accredited by multiple countries, and competitive pricing on the global stage. The US represents 56% of its auto part export value, and growth has greatly accelerated since 2022 when the …