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Supply chain pyramid. An original equipment manufacturer (OEM) is a company that produces parts and equipment that may be marketed by another company.However, the term is ambiguous, with several other common meanings: It sometimes means the maker of a system that includes other companies' subsystems, an end-product producer, an automotive part that is manufactured by the same company that ...
The Motor & Equipment Manufacturers Association (MEMA) was founded in 1904. MEMA represents more than 1,000 companies that manufacture motor vehicle components and systems for the original equipment and aftermarket segments of the light vehicle and heavy-duty motor vehicle manufacturing industry in the United States.
The automotive aftermarket is the secondary parts market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.
OEM (Original Equipment Manufacturer) Parts: These parts are produced by the same manufacturer that made the original equipment. Aftermarket Parts: These are replacement parts made by companies other than the original manufacturer. They can serve as cost-effective substitutes for OEM parts.
Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. [ 3 ] The company is the largest automobile parts manufacturer in North America by sales of original equipment parts; it has ranked consistently in the Fortune Global 500 list ...
Advance Auto Parts, Inc. is an American automotive aftermarket parts provider. Headquartered in Raleigh, North Carolina , it serves professional installer and do it yourself (DIY) customers. As of December 2023 [update] , Advance operated 4,935 stores and 321 Worldpac branches in the United States and Canada.
A certain level of installed base of original equipment customers is necessary for the sufficient demand of aftermarket products. [9]Therefore, significant installed base normally makes aftermarket profitable as an established installed base is likely to consume the aftermarket products repeatedly over the lifespan of their durable goods.
A reproduction part, or repro, is a part that has been independently manufactured to meet original equipment manufacturer's (OEM) specifications by a third party manufacturer. This is usually done to meet demand for spare parts no longer produced by the manufacturer. While some reproductions may be indistinguishable from the originals, most are ...