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As heavy clashes between Russian armed forces and the Ukraine military are generating continued stagnation on the battlefield, the Russo-Ukrainian war has come to a crossroad: though Ukrainian offensive efforts are currently challenged and the Russian side suffers heavy losses and lack of progress on ground armored maneuvers, the NATO alliance is s...

The connected tire market is in the nascent stage but is all set to grow in the upcoming years, powered by the uptake of TPMS, ADAS regulations, and advancing customer demands. Global tire manufacturers are investing in connected tire technologies to develop tire solutions and applications that cater to the future demands of customers in the evolvi...

This analysis brings to focus insights from the panel discussions conducted at Frost & Sullivan's two-day Intelligent Mobility virtual event held in September 2022. These include speeches from thought leaders from Frost & Sullivan's Mobility practice area and a host of other companies, such as Nissan, Foxconn, ZF, Navya, and so on. The entire works...

Frost & Sullivan's annual survey of contact center solution decision-makers revealed that employee engagement is a top priority for contact center organizations in 2023. Organizations with more employee engagement initiatives benefit from higher employee satisfaction (eNPS) levels and lower attrition. Those with more solutions that support employee...

The care delivery model is shifting from hospitals to alternative care settings, such as home care and ambulatory surgical centers. Multiple challenges in hospitals, including a severe shortage of skilled workforce, staff burnout, and declining margins, boost this shift. The adoption of multiparameter monitoring devices in out-of-hospital settings ...

As organizations increasingly depend on digitized operations, their uptake of digital applications has reshaped business models across industries. This business model evolution coupled with the pandemic-induced shift to hybrid work modes have led to the proliferation of privileged identities among both human and non-human users. These privilege...

This Frost & Sullivan study provides an outlook for the electric vehicle industry based on the latest industry data; it provides an outline of current trends and an in-depth analysis of future developments, as well as a breakdown of the main stakeholders in the sector and their performance. EV sales in 2022 amounted to a total of 10.5 million, of...

Unlike other areas in financial services, the insurance market has not been remarkably disrupted by innovative technologies and new business models until now. While the pace of innovation is rapid in financial services, insurance is still a complex and a highly regulated market. However, it appears to be at a point of articulation, as stakeholders ...

18 May 2017  |  Asia Pacific  |  Market Research

Franchising in the Chinese Automotive Aftermarket, Forecast to 2022

Automotive Aftermarket Revenue Forecasted to Reach $281.8 Billion by 2022

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The Chinese automotive aftermarket is likely grow at a strong pace in the next few years from 2017 to 2022. By 2022, it is forecasted that the revenue of the Chinese automotive aftermarket $281.8 billion. Currently, the average age of vehicles exceeds the warranty period (0–3 years). In 2015, the average age of vehicle in operation was 3.3 years. T...