Huron Automatic Screw Company Shares Positive Outlook for Aftermarket Growth

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 [...]