Steady sales rate increases continue in 2015 and suggest an optimistic outlook for the growth of the aftermarket industry.
2015 has posted record profits for fleets, OEMs, and suppliers thanks to recent economy growth. According to a recent article posted by the Heavy Duty Manufacturer’s Association (HDMA), sales have been strong and suppliers are optimistic about the future. The success comes on the tails of consistent growth trends that are now in their sixth year. The aftermarket industry appears to be continually improving at a slow and steady pace.
Slow and Steady Growth
One of the biggest factors of the aftermarket sales growth is the steady pace at which the market has improved. HDMA reports that in the past the market has had periods of growth and decline which made it difficult for manufacturers to build consistent growth. However, the current upward trend has provided a longer period of growth which has made a significant impact on the success and profitability of suppliers within the manufacturing industry. Additionally, the increase in aftermarket safety and performance components has helped drive the market and keeps manufacturers optimistic about the future.
A Legacy of Growth and Innovation
This is great news for our customers at Huron Automatic Screw Company. They can be confident that we will continue to stay up to date with evolving market trends and continue to adhere to every increasing safety and performance standards. We have enjoyed steady growth as a company throughout our eighty-year history thanks to the expertise and commitment of our team and the long-lasting relationships we have nurtured with our customers. We plan to continue to grow into the future by implementing the most innovative processes, maintaining precise product quality standards, and consistently delivering products on time.
Building Success Together
Best of all, as a supplier to the heavy-duty trucking manufacturing industry, our team is excited about the growth because it translates into sustained success for our customers and our stakeholders as well. At Huron Automatic Screw Company, we serve premier fastener distributors and component manufacturers within the automotive aftermarket industry. These clients depend on the quality of our products to keep their business running successfully as well. Consequently, increased demand for aftermarket products results in additional growth and expansion opportunities for our customers and our company and further strengthens the industry as a whole.
About Huron Automatic Screw Company
With over 80 years of experience, Huron Automatic Screw Company is highly regarded in the fastener manufacturing industry for product excellence and quick turnaround, making us an ideal partner to handle your prototype through production quantity jobs. Our precision machined threaded fasteners, pins, spacers and other parts are purchased by fastener distributors, component manufacturers and OEMs across the United States and go into a wide variety of components such as axles, power trains, suspensions, engines and steering components.
Our tradition of quality and our use of innovative modern manufacturing practices have been our company’s competitive edge in manufacturing precision machined products. Add to that our reputation for on-time delivery and competitive prices, and you’ve got every answer you need to give us a try on your next project.