Question

the problems the industry faces currently in engine parts manufacturing?

Answer 1

Manufacturing industries usually produce engine parts,semi finished goods,etc.Goods which are produced by these industries are  further used to produce machines or to run automobiles.Currently,manufacturing and automobile industries are facing many difficulties in producing engine parts.The major problem faced by these industries is competition.Due to arrival of new automobile manufacturers into the market,the demand for the engine parts of the existing manufacturing industries declined.Companies and customers who purchase engine parts have got many options and choices in the market and are attracted towards the engine parts which work more efficiently.This decreases demand for the engine parts of existing manufacturing industries.

Another problem faced by manufacturing industries is rapid change in technology and continuous change in demand for desirable product.Companies are demanding for those engine parts which work efficiently for long time and those with  better quality.Industries are not able to modify the engine parts as new techniques are used in modification and more capital is required..The new manufacturers are able to produce new engine parts with better quality by using modern technology. The reputed manufacturers and new manufacturers can easily adopt the changes which are need to be made to the product and they do not face any difficulty in serving efficient engine parts.Reputed manufacturers have huge capital inflow and can make changes in the engine parts as demanded by those industries which use these parts for further manufacturing process.By using the capital ,the development in engine parts are made and production process is carried out.Even new manufacturers have an option to consider the modification required for the engine parts and can produce these parts as per demand and desirability.The manufacturing industries which are not yet developed and have less capital flow,faces much difficulty in changing and modifying the engine parts as more capital is required for the modification.So,manufacturing industries are facing a problem in modifying engine parts.

Now a days,usage of software technology has decreased the demand for engine parts.The new technology has declined the usage of engine parts and has increased the usage of automatic machines which are controlled by remotes and computers. This made easy for the companies and customers to use such engine parts which are processed by computers and remote controls.This decreased the demand for the engine parts which are processed manually as it is a bit difficult to use such engine parts.

Availability of alternatives in the market has turned as the another major problem for manufacturing industries.Customers and companies who use engine parts for further manufacturing process tend to opt those engine parts which require less cash to run and use these parts.If cost required to run these engine parts is inflated,then companies and customers are opting similar alternative engine parts whose cost incurred in running these parts is low.Few engine parts are made up of harmful materials and chemicals.Certain engine parts are dangerous and require harmful methods in using these engine parts and products.Companies and customers are demanding for the goods which are safe to use and those which doesn't harm environment.So they are analysing and choosing those engine parts which are less harmful and doesn't damage nature and environment.

All these problems are affecting the domestic and foreign sales.Production level and sales rate has decreased drastically as demand for certain engine parts has been  declined both in home and foreign countries.This affected trading as well as decrease in exports is witnessed.Hence,these are major problems faced by manufacturers who produce engine parts.