Showing posts with label Board of Investments. Show all posts
Showing posts with label Board of Investments. Show all posts

Inaugural Auto Parts & Vehicles Expo Highlights Continuously Robust Growth of Vehicle Industry in PH

The first APVE in PH runs from June 5 to 7 at the World Trade Expo Manila.

Following the record-high sales of vehicles in the Philippines in 2023, the sectors for automotive parts and car care products are logically set to rev up further. Thus, the first Auto Parts & Vehicles Expo Philippines (APVE) is coming as a timely platform for local and international suppliers to convene for trading, networking, and exchange of ideas and innovations about automotive parts, accessories, maintenance equipment, and tools. 

Why the Auto Parts and Supplies Sector Continues to Thrive in PH

Auto parts and services grow along with the strong vehicle industry in the country.

Pasay City, Philippines—The Philippines’ auto parts sector is robustly growing along with the continuously growing automotive industry in the country. Logically, this is driven by the consistent growth in annual vehicle sales coupled with the inevitably rising demand for automotive aftermarket products and services. 

Currently, the Philippine automotive parts sector runs through the operations of over 250 local businesses that are registered for producing and importing up to 330 types of auto parts and components, which in turn are made not just of metals but also of plastic, rubber, and other composite materials. Such enterprises supply items for original equipment manufacturers (OEMs) and independent aftermarket (IAM)--comprising the parts replacement market. 

Informa Markets Announces Inaugural Auto Parts & Vehicles Expo in PH

The new major automotives and parts event is set to debut in June 2024

A new platform for local, international, and regional suppliers of automotive parts, accessories, maintenance equipment, and tools is set to debut in the country in June. The inaugural Auto Parts & Vehicles Expo Philippines (APVE) will be mounted from June 5 to 7, 2024 at the World Trade Center Metro Manila in Pasay City.