Within the automotive sector the producers of the original items , consumers and economy of countries experience the impact of fake products , original producers suffer loss of market, reputation of tier brand and trademark, suffer loss of market simultaneously , purchase of such parts implies the loss of sale by the producer of a genuine and legitimate part. Counterfeiting components has a significant negative impact on the auto parts industry. First, it can hurt the reputation of a manufacturer. For example, a company buys a device and tries to design it into a system. Unknown to the company, the part may not be legitimate. When the part doesn’t work correctly, the company will either blame its design or blame the component manufacturer. Revising the design can delay time-to-market and drain engineering resources.
That can have a big impact, especially on smaller companies, which are typically the ones that would buy parts on the open market as opposed to directly from the vendor. Consumers suffer from getting deceived by not getting what they want or what they paid for, they receive inferior products which are certainly not covered by warranties or guarantees and this adds to the loss of utility to the consumers. The inferior performance and the outright failure of these pars could lead to crashes or could fail to protect occupants or pedestrians which may lead to injury or loss of life.The quickest way to halt any market is to curb the demand that created that market. Yet many people do not see anything wrong with buying counterfeit goods. It is therefore important to alert consumers as to the consequences and possible dangers of buying counterfeit goods.
