The 20th Tokyo International Auto Aftermarket Expo (IAAE) will be held from March 5th to 7th, 2024 at the Tokyo International Exhibition Center in Japan.

The IAAE exhibition area at the Tokyo Auto Show in Japan is approximately 20000 square meters. The IEEA is supported by the Japanese government and hosted by 21 groups in the Japanese automotive industry. It is an industry event for buyers and sellers, with approximately 325 companies from 19 countries participating and around 40000 visitors.

The types of attendees at the Tokyo Auto Show IAAE include: new car dealers, used car sales stores, used car acquisition stores, repair industries, sheet metal and coating industries, supplies stores, home furnishings stores, tire stores, car electrical installation stores, car glass stores, gas stations, customization stores, commercial companies, parts manufacturers, electric vehicles, electric mobile vehicle related operators, automotive reuse related businesses, transportation industry, transportation industry, highway service industry, insurance companies, adjustment personnel, car rental, leasing, car sharing businesses, etc.

The IAAE exhibition at the Tokyo Auto Parts Show in Japan includes various automotive parts, accessories, repair tools and equipment, vehicle maintenance, cleaning equipment, electronic products, etc. It is one of the main exhibitions in the Japanese auto parts industry.

market analysis

The global automotive parts market is expanding rapidly, and global competition is intensifying. The entire automotive parts industry is also growing stronger. According to the survey compiled by Guanyantianxia, global automotive parts revenue in 2021 was $1.51 trillion, with a compound growth rate of over 3% from 2016 to 2021. The global automotive parts industry is mainly led by developed countries such as the United States, Japan, Germany, and France.

According to data, there are a total of 23 Japanese companies on the 2021 Global Top 100 Automotive Parts Suppliers List, followed by the United States and Germany, with 22 and 18 respectively, accounting for 68% of the list.

At present, the outsourcing rate of parts by vehicle manufacturers has exceeded 70%. In order to meet the product development needs of vehicle manufacturers and the requirements of specialized division of labor and cooperation, a pyramid shaped component supplier system has been formed in the industry. When vehicle manufacturers develop new models, component manufacturers need to synchronize development with vehicle manufacturers.