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Chinese Automotive Aftermarket, Forecast to 2025
Chinese Automotive Aftermarket, Forecast to 2025
Automotive Aftermarket Revenue Estimated to Reach $523.80 Billion by 2025
18-Dec-2018
Asia Pacific
$1,500.00
Special Price $1,125.00 save 25 %
Description
Chinese automotive aftermarket revenue* (including automotive parts, insurance, used cars, automotive beauty and accessories, and miscellaneous services) is expected to record a Compound Annual Growth Rate (CAGR) of 7.7%, increasing from $290.44 billion in 2017 to $523.80 billion in 2025. During this period, the vehicles in operation (VIO) for Chinese passenger vehicles is expected to grow from 185 million units to 401.7 million units. Meanwhile, however, new and used car sales in China are likely to experience slower growth, recording a CAGR of 2.3% and 7.5% respectively.
Continuous growth of new and used car sales is the key factor driving VIO growth in China during the long term. The two-child policy, rising disposable income, competitive retail sales, electric vehicle penetration, and emission standard upgrade are the main drivers boosting vehicle sales growth in China.
The Chinese automotive aftermarket is likely to be diversified by eCommerce platforms, especially in online-to-offline parts retail and repair and maintenance services. Alibaba and Tuhu are the key eCommerce platforms leading the Chinese online automotive aftermarket. eCommerce penetration is likely to increase from 12.7% in 2017 to 40% in 2025.
Currently, the Chinese automotive parts aftermarket is well-developed, with foreign, domestic, and joint venture brands. Foreign and joint venture companies manufacturing automotive parts are dominating the market, with a 70% revenue share as of 2017. However, the revenue share of domestic automotive parts brands is on the rise.
Research Scope
The aim of this study is to provide a strategic insight into the Chinese automotive aftermarket development. It presents the current scenario in the Chinese automotive aftermarket, including the automotive parts, online repair and maintenance, and used car segments, by providing an overview of the factors that influence and impact its growth.
Research Highlights
The research discusses automotive aftermarket regulation, market drivers and restraints, and the top automotive aftermarket trends. It also presents a VIO analysis, automotive parts market analysis, used car market analysis, and automotive eCommerce market analysis and sheds light on the growth opportunities. The study closes with conclusions and the future outlook.
Key Features
- To provide an overview of the automotive parts and online repair and maintenance markets
- To analyze the impact of VIO on the growth of the aftermarket
- To furnish the market size and forecasts for automotive aftermarket from 2018 to 2025
- To analyze the impact of policies and regulations on the development of the aftermarket
- To identify the competitiveness of automotive eCommerce platforms in the online repair and maintenance and parts markets
Key Issues Addressed
- How does VIO impact the development of the automotive aftermarket?
- What are the key factors driving the competitiveness of automotive eCommerce platforms? How does the platform influence the parts and repair and maintenance markets?
- How does the revenue of automotive aftermarket change during 2010–2025? What are the growth forecasts for automotive aftermarket revenue?
- How do regulatory changes impact the automotive aftermarket?
- What are the drivers and restraints influencing the development of the automotive aftermarket?
Table of Contents
Executive Summary—Key Findings
Executive Summary—Chinese Passenger Vehicles Market Outlook
Executive Summary—Chinese Automotive Aftermarket Outlook
Executive Summary—Chinese Aftermarket Revenue Overview
Executive Summary—Key Aftermarket Trends
Research Scope
Research Aims and Objectives
Key Questions this Study will Answer
Research Methodology
Impact of Regulations on the Aftermarket
Market Drivers
Drivers Explained
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Top Automotive Aftermarket Trends in China
VIO Overview
New Vehicle and Used Car Sales Overview
VIO Breakdown by Age Group
Automotive Parts Market Overview
Retail-level Automotive Parts Revenue Breakdown by Parts Type
Leading Automotive Parts Suppliers in China
Used Car Market Overview
Used Car Market Breakdown by Automotive Brand and Vehicle Type
Used Car Market Breakdown by Region
Overview of eCommerce Service Providers
Online and Offline Channels in the Repair and Maintenance Market
eCommerce End User Analysis
Case Study—Alibaba in the Automotive Aftermarket
Case Study—Alibaba Setup in Parts Retail and Repair and Maintenance
Case Study—Tuhu, the Leading Automotive Parts eDistributor
Case Study—Tuhu Setup in Parts Retail and Repair and Maintenance
Growth Opportunity—Chinese Automotive Aftermarket
Strategic Imperatives for Success and Growth
Key Conclusions and Future Outlook
The Last Word—Three Big Predictions
Legal Disclaimer
Table of Anonyms Used
List of Exhibits
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
Related Research
Popular Topics
Research Scope
The aim of this study is to provide a strategic insight into the Chinese automotive aftermarket development. It presents the current scenario in the Chinese automotive aftermarket, including the automotive parts, online repair and maintenance, and used car segments, by providing an overview of the factors that influence and impact its growth.
Research Hi
| No Index | No |
|---|---|
| Podcast | No |
| Author | Chuan Jing Chai |
| Industries | Automotive |
| WIP Number | 9AB2-00-76-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9801-A6,9832-A6,9AF6-A6 |