In the era of COVID, our virtual exhibitions provided a safe haven for networking, fostering valuable connections without geographical constraints or health concerns.
WHAT'S ABOUT EVENT / whats going on there come and learn
Car parts, motorcycle parts, or components used for different purposes are collectively called auto parts. In today’s era, these spare parts have become necessary part of our daily life in every work. Especially cars, motorcycles, agricultural machinery parts are also related to auto parts.
Importer imports engine, alternator, radiator, air conditioner, suspension, brake pads, spoiler, rim, tire, trim package, body components, among other spare parts needed to serve the booming automotive market.
Bangladesh’s automotive parts market size was reported to be in between BDT 1,300 crore to BDT 1,400 crore last year with an annual growth rate of 10% to 12%. Automobile market was below BDT 500 crore 10 years ago in Bangladesh.
According to The Daily Star, there were only 303,215 units of registered motorized vehicles in 2003 in Bangladesh. But up to MAY 2021, According to BRTA data, there were 4,729,393 units of registered vehicles in Bangladesh. Among them, 544,616 are passenger cars.
The reliable event organizer in Bangladesh Eco Expo appreciates that, the market size of automotive components was about Tk 1,300 crore to Tk 1,400 crore last year with an annual growth rate of 10 to 12 percent in the last one decade, said Mosharraf Hossain Manik, one of the major importers.
- Market size was Tk 1,300cr-Tk 1,400cr last year
- Annual growth rate 10-12pc
- Market size was below Tk 500cr 10 years ago
- At least 200 traders import auto parts
- Of the spare parts, 80pc are for Toyota cars
The market size was not more than Tk 500 crore 10 years ago, he said.
The best exhibition organizer in Bangladesh Eco Expo believes that, “The market is not big compared to other sectors, but it is growing rapidly.” Manik, also the owner of Junaid Enterprise, said the market for automotive spare parts is unorganized, so any exact data about the industry is not readily available. Most of the importers fetch reconditioned and new automobile parts from Thailand, China, Indonesia, Taiwan, Dubai and India, with Thailand and Indonesia being the major sources, he said.
At least 200 traders import auto spare parts and most of them have workshops, said Farhad Hossain, another importer. More than 2,500 traders are involved in the component business. Hossain, the owner of The Implementers, said although the sector is growing, no trader has the capacity to set up plants to make spare parts.
However, he said, the light engineering sector manufactures some auto parts but the quantity is very low.
Mushfiqur Rahman, manager of Auto Zone Bangladesh, said spare parts of all kinds of motor cars are available in the market. Among the spare parts, 80 percent are for Toyota cars and the rest for other brands.
Rahman said customers think that only the spare parts of Toyota cars are available in Bangladesh, but the scenario has changed in the last one decade as people use different brands of cars.
Currently, all types of car parts are available in Bangladesh. The demand for different types of car parts based on the brand is increasing day by day.
So, depending on the growing demand we also need to know about different types of parts and a best place to source them at low cost.
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Our online exhibitions broke barriers, allowing exhibitors and buyers to engage, explore, and connect conveniently from the comfort of their homes.
Bridging distances virtually, our online exhibitions empowered participants worldwide to showcase, discover, and engage seamlessly, transcending boundaries.
Our shift to online exhibitions empowered exhibitors and buyers alike, ensuring inclusivity and access to opportunities despite the unprecedented circumstances.
Through digital platforms, our exhibitions curated interactive experiences, nurturing meaningful engagements and transactions in a dynamic virtual landscape.
Amidst the pandemic, our online exhibitions became the beacon of adaptability, proving that innovation thrives even in challenging times.
In the era of COVID, our virtual exhibitions provided a safe haven for networking, fostering valuable connections without geographical constraints or health concerns.
Our online exhibitions broke barriers, allowing exhibitors and buyers to engage, explore, and connect conveniently from the comfort of their homes.
Bridging distances virtually, our online exhibitions empowered participants worldwide to showcase, discover, and engage seamlessly, transcending boundaries.
Amidst the pandemic, our online exhibitions became the beacon of adaptability, proving that innovation thrives even in challenging times.
Through digital platforms, our exhibitions curated interactive experiences, nurturing meaningful engagements and transactions in a dynamic virtual landscape.
Our shift to online exhibitions empowered exhibitors and buyers alike, ensuring inclusivity and access to opportunities despite the unprecedented circumstances.
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