How The Automotive Industry Creates Other Industries Like Automotive Insurances, Used Car Sellers, Car Part Sellers, Etc
The automotive industry is one of the largest employers of labor around the world. The industry is al a very big contributor to the general economic growth of many countries. In countries like the United States, for example, the automotive industry is the largest manufacturing enterprise. The industry, therefore, plays a very key role in the economy of several countries. The most distinct feature of the automotive industry is actually the fact that the industry does not operate or stand independently. The production of automobiles creates a significant number of other industries to support the manufacturing of vehicles. Some of the industries that are created by the automotive industries include equipment manufacturers, insurance providers, dealerships, etc.
The process of fo manufacturing a car is not limited only to the manufacturing company. In fact, there are about three different companies that produce car parts used in the manufacturing of these cars. The actual auto-makers themselves produce some parts however they also purchase some parts that are assembled later on. These parts are purchased from original equipment manufacturers, these are the manufacturers who produce items like car seats and door handles. There are other original equipment manufacturers who produce some rubber parts, these include items such as belts, tires and wiper blades. Another area where original equipment manufacturers aid the automotive industry is in the production of replacement parts. The original equipment manufacturing industry is one of the major industries directly affected by the automotive industry.
The original equipment manufacturers, in turn, … Read More ...