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Franchising in the Chinese Automotive Aftermarket, Forecast to 2022
Franchising in the Chinese Automotive Aftermarket, Forecast to 2022
Automotive Aftermarket Revenue Forecasted to Reach $281.8 Billion by 2022
RELEASE DATE
18-May-2017
18-May-2017
REGION
Asia Pacific
Asia Pacific
Research Code: P922-01-00-00-00
SKU: AU01481-AP-MR_20014
$4,950.00
In stock
SKU
AU01481-AP-MR_20014
Description
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. The average lifetime usage period of a vehicle is 8–10 years. A large section of consumers need to go for service and maintenance in the automotive aftermarket. The franchise business model is growing. In the automotive aftermarket, the franchising model is a strategy to integrate the distribution channels. In order to build their reputation, many corporates, through franchising have opened many branches in various locations to provide higher a level of service along with the need to sell vehicle components at lower price.
Research Aim
The aim of this study is to provide a strategic insight into the potential for Franchising in the Chinese automotive aftermarket. The study presents the current scenario in the Chinese automotive aftermarket by providing a high-level overview of the factors that influence and impact its growth.
Research Objectives
• To provide a strategic perspective of franchising in the Chinese automotive aftermarket, including key current situations, challenges, and future
development possibilities
• To estimate the size and sales potential of the Chinese automotive aftermarket in 2022
• To provide a competitive analysis of various automotive aftermarket participants’ activities, market shares, products or services provided, and
planned expansion
• To provide current Chinese consumers’ potential behavior toward vehicle maintenance
• To provide reasons for franchise stakeholder to grow in the Chinese automotive aftermarket
Key Questions This Study Will Answer
• What is the short-to-medium term outlook for Chinese automotive aftermarket development?
• What are the key market trends?
• What are the key advantages and disadvantages of the various models of services in the Chinese automotive aftermarket?
• What is the structure of the current Chinese automotive aftermarket franchise channel? Which are the key industry participants?
• How challenging is the competitive landscape?
The research closes with conclusions and a future outlook. China is currently a highly fragmented market with regional variations and absence if any giant franchising corporates that dominate the entire domestic Chinese automotive aftermarket. The market share of franchised model servicing or maintenance shops is likely to surpass that of 4S shops, which charge a relatively higher servicing fee and maintenance cost. Besides, individual workshops will also shift to the franchise model of operating to become competitive.
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Key Findings
Market Engineering Measurements
Automotive Aftermarket Development Lifecycle
Chinese Automotive Aftermarket—Revenue Forecast
Key Automotive Aftermarket Hotspots in China
Total Number of Aftermarket Participants
Consumer Preferences by City
Key Elements Driving Aftermarket Franchise Development
Key Factors to Consider While Entering the Chinese Aftermarket
Research Scope
Research Aims and Objectives
Research Background
Research Methodology
Key Participants Compared in this Study
Chinese Automotive Aftermarket Definition
Country Overview—China
New Car Sales by China City Tier
Key Influencing Trends
Comparison Between OES Parts and Independent Aftermarket (AM) Parts
Timeline of Chinese Automotive Aftermarket Development
Automotive Aftermarket Development Lifecycle
China—Vehicle in Operation
Chinese Automotive Aftermarket—Revenue Forecast
China Vehicle in Operation by Brand
China Vehicle in Operation by Age
Timeline of Automotive Franchise Aftermarket
PEST Analysis of Automotive Aftermarket Franchise Development
Total Number of Aftermarket Participants
Consumer Spending by Geographical Distribution
Consumer Preferences by City
Preferred Buying Channels for Automotive Aftermarket Products
Average Annual Vehicle Maintenance Expenditure
Average Vehicle Service Schedule Interval of Chinese Consumers
Comparison of Different Channels for Buying Vehicle Spare Parts
Market Drivers
Market Restraints
Chinese Automotive Aftermarket Distribution Structure Overview
Key Elements Driving Aftermarket Franchise Development
Barriers to Developing the Aftermarket Franchise Business
Three Categories of the Automotive Aftermarket
Comparison of Different Types of Automotive Aftermarket Businesses
Comparison Between OES Parts and Independent Aftermarket (AM) Parts
Service Provider Business Operating Costs
How OEM Distribution Works in China
Company Profile—SAIC Group
Company Profile—Tyreplus
How TyrePlus Distribution Works in China
Company Profile—Bosch
How Bosch’s Distribution Works in China
Company Profile—Harson Service
Company Profile—Harmony Group
Company Profile—Suremoov Auto Repairing
Impact of Regulation on Automotive Aftermarket
Emission Standards
Manufacturer-level Replacement Parts Revenue
Automotive Aftermarket Top Part Suppliers
Replacement Rate of Frequently Replaced and Safety-related Parts in the Chinese Aftermarket
Case Study—Fee of Workmanship Comparison
Various Types of eCommerce Service Providers
Main eCommerce Platform Models
Online eCommerce Shopping Platform
Online eCommerce Platform—Parts Distribution Structure
Online eCommerce Platform—Vehicle Service Distribution Structure
Market Engineering Measurements
Chinese Automotive Aftermarket Revenue Scenario Analysis
Forecast Scenario Assumptions to 2022
Key Factors to Consider While Entering the Chinese Aftermarket
Key Automotive Aftermarket Hotspots in China
Success Stories
Growth Opportunity 1—Growth in Vehicles in Operation
Growth Opportunity 2—Increasing Age of Vehicles in Operation
Growth Opportunity 3—Rising Awareness of Importance of Vehicle Maintenance
Growth Opportunity 4—Diversity in Aftermarket Products
Growth Opportunity 5—Favorable Government Policy
Strategic Imperatives for Success and Growth
The Last Word—3 Big Predictions
Legal Disclaimer
Table of Abbreviations
List of Figures- 1. Automotive Aftermarket: Key Hotspots, China, 2015
- 2. Automotive Aftermarket: Revenue Forecast, China, 2010–2022
- 3. Automotive Aftermarket: Key Industry Participants, China, 2016
- 4. Automotive Aftermarket: Comparison Between OES Parts and IAM Parts, China, 2016
- 5. Automotive Aftermarket: Key Market Drivers, China, 2017–2022
- 6. Automotive Aftermarket: Key Market Restraints, China, 2017–2022
- 7. Franchising in the Automotive Aftermarket: Barriers to Developing an Aftermarket Franchise Business, China, 2016
- 8. Automotive Aftermarket: Three Categories of the Automotive Aftermarket, China, 2016
- 9. Automotive Aftermarket: Comparison of Different Types of Automotive Aftermarket Business, China, 2016
- 10. Automotive Aftermarket: Comparison Between OES Parts and IAM Parts, China, 2016
- 11. Automotive Aftermarket: Service Provider Business Operating Cost, China, 2016
- 12. Automotive Aftermarket: Company Profile—TyrePlus, China, 2016
- 13. Automotive Aftermarket: Company Profile—Bosch, China, 2016
- 14. Automotive Aftermarket: Impact of Regulation, China, 2016
- 15. Emission Standard Implementation Process, China, 2010–2018
- 16. Automotive Aftermarket: Manufacturer-level Replacement Parts Revenue by Category, China, 2016–2022
- 17. Automotive Aftermarket: Top Aftermarket Suppliers by Product Type, China, 2016
- 18. Automotive Aftermarket: Replacement Rate of Spare Parts, China, 2016
- 19. Automotive Aftermarket: Fee of Workmanship Comparison, China, 2016
- 20. Automotive Aftermarket: Market Engineering Measurements, China, 2016
- 21. Automotive Aftermarket: Forecast Assumptions, China, 2010–2022
- 22. Automotive Aftermarket: Key Hotspots, China, 2015
- 23. Automotive Aftermarket: Success Stories, China, 2016
List of Charts- 1. Franchising in the Automotive Aftermarket: Key Findings, China, 2010–2022
- 2. Automotive Aftermarket: Market Engineering Measurements, China, 2016
- 3. Automotive Aftermarket: Automotive Aftermarket Development Lifecycle, Global, 2016
- 4. Automotive Aftermarket: Revenue Forecast, China, 2014–2022
- 5. Automotive Aftermarket: Percent of Aftermarket Participants by Type of Operation, China, 2010 and 2016
- 6. Automotive Aftermarket: Customer Preference by City, China, 2015
- 7. Franchising in the Automotive Aftermarket: Key Elements Driving Aftermarket Franchise Development, China, 2015
- 8. Automotive Aftermarket: Key Factors to Consider for Entering the Aftermarkets, China, 2016
- 9. GDP Growth, China, 2010–2016
- 10. Automotive Market: New Car Sales by China City Tier, China, 2010–2016
- 11. Automotive Aftermarket: Key Influencing Trends, China, 2016
- 12. Automotive Aftermarket: Key Influencing Trends, China, 2016
- 13. Automotive Aftermarket: Timeline of Aftermarket Development, China, 1990–2016
- 14. Automotive Aftermarket: Automotive Aftermarket Development Lifecycle, Global, 2016
- 15. Automotive Aftermarket: Vehicle In Operation, China, 2011–2015
- 16. Automotive Aftermarket: Revenue Forecast, China, 2014–2022
- 17. Automotive Market: Vehicle in Operation by Brand, China, 2016
- 18. Automotive Aftermarket: Vehicle in Operation by Age, China, 2015–2022
- 19. Automotive Aftermarket: Timeline of Automotive Aftermarket Franchise Development, China, Pre 2005–2025
- 20. Franchising in the Automotive Aftermarket: PEST Analysis, China, 2015
- 21. Automotive Aftermarket: Percent of Aftermarket Participants by Type of Operation, China, 2010 and 2016
- 22. Automotive Aftermarket: Consumer Spending by Geographical Distribution, China, 2016
- 23. Automotive Aftermarket: Customer Preference by City, China, 2015
- 24. Automotive Aftermarket: Preferred Buying Channels of Aftermarket Products, China, 2016
- 25. Automotive Aftermarket: Average Annual Vehicle Maintenance Expenditure, China, 2016
- 26. Automotive Aftermarket: Average Vehicle Service Schedule Interval, China, 2013–2015
- 27. Automotive Aftermarket: Comparison of Different Channels of Buying Vehicle Spare Parts, China, 2016
- 28. Automotive Aftermarket: Value Chain, China, 2016
- 29. Franchising in the Automotive Aftermarket: Key Elements Driving Aftermarket Franchise Development, China, 2015
- 30. Franchising in Automotive Aftermarket: Key Processes Driving the Aftermarket Franchise Business, China, 2016
- 31. Automotive Aftermarket: Three Categories of the Automotive Aftermarket, China, 2016
- 32. Automotive Aftermarket: Service Provider Business Operating Cost, China, 2016
- 33. Automotive Aftermarket: OEM Distribution Channels, China, 2016
- 34. Automotive Aftermarket: Company Profile—SAIC Motor, China, 2016
- 35. Automotive Aftermarket: TyrePlus Distribution Channels, China, 2016
- 36. Automotive Aftermarket: Bosch’s Distribution Channels, China, 2016
- 37. Franchising in the Automotive Aftermarket: Company Profile—Harson Service, China, 2016
- 38. Franchising in the Automotive Aftermarket: Company Profile—Harmony Group, China, 2016
- 39. Franchising in the Automotive Aftermarket: Company Profile—Suremoov Auto Repair, China, 2016
- 40. Automotive Aftermarket: Types of eCommerce Service Providers, China, 2016
- 41. Automotive Aftermarket: Types of eCommerce Platforms, China, 2016
- 42. Automotive Aftermarket: Online eCommerce Platform Parts Distribution Structure, China, 2016
- 43. Automotive Aftermarket: Online eCommerce Platform Vehicle Service Distribution Structure, China, 2016
- 44. Automotive Aftermarket: Revenue Scenario Analysis, China, 2010–2022
- 45. Automotive Aftermarket: Key Factors to Consider for Entering the Aftermarkets, China, 2016
- 46. Franchising in the Automotive Aftermarket: Conclusions and Future Outlook, China, 2010–2022
Popular Topics
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. The average lifetime usage period of a vehicle is 8–10 years. A large section of consumers need to go for service and maintenance in the automotive aftermarket. The franchise business model is growing. In the automotive aftermarket, the franchising model is a strategy to integrate the distribution channels. In order to build their reputation, many corporates, through franchising have opened many branches in various locations to provide higher a level of service along with the need to sell vehicle components at lower price.
Research Aim
The aim of this study is to provide a strategic insight into the potential for Franchising in the Chinese automotive aftermarket. The study presents the current scenario in the Chinese automotive aftermarket by providing a high-level overview of the factors that influence and impact its growth.
Research Objectives
• To provide a strategic perspective of franchising in the Chinese automotive aftermarket, including key current situations, challenges, and future development possibilities
• To estimate the size and sales potential of the Chinese automotive aftermarket in 2022
• To provide a competitive analysis of various automotive aftermarket participants’ activities, market shares, products or services provided, and planned expansion
• To provide current Chinese consumers’ potential behavior toward vehicle maintenance
• To provide reasons for franchise stakeholder to grow in the Chinese automotive aftermarket
Key Questions This Study Will Answer
• What is the short-to-medium term outlook for Chinese automotive aftermarket development?
• What are the key market trends?
• What
| No Index | No |
|---|---|
| Podcast | No |
| Table of Contents | | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || Automotive Aftermarket Development Lifecycle~ || Chinese Automotive Aftermarket—Revenue Forecast~ || Key Automotive Aftermarket Hotspots in China~ || Total Number of Aftermarket Participants~ || Consumer Preferences by City~ || Key Elements Driving Aftermarket Franchise Development~ || Key Factors to Consider While Entering the Chinese Aftermarket~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope~ || Research Aims and Objectives~ || Research Background~ || Research Methodology~ || Key Participants Compared in this Study~ | Definitions and Segmentation~ || Chinese Automotive Aftermarket Definition~ | Automotive Aftermarket Overview~ || Country Overview—China~ || New Car Sales by China City Tier~ || Key Influencing Trends~ || Comparison Between OES Parts and Independent Aftermarket (AM) Parts~ || Timeline of Chinese Automotive Aftermarket Development~ || Automotive Aftermarket Development Lifecycle~ | Vehicle in Operation Analysis~ || China—Vehicle in Operation~ || Chinese Automotive Aftermarket—Revenue Forecast~ || China Vehicle in Operation by Brand~ || China Vehicle in Operation by Age~ | Franchising in the Automotive Aftermarket—Outlook~ || Timeline of Automotive Franchise Aftermarket~ || PEST Analysis of Automotive Aftermarket Franchise Development~ || Total Number of Aftermarket Participants~ || Consumer Spending by Geographical Distribution~ | Consumer Behavior~ || Consumer Preferences by City~ || Preferred Buying Channels for Automotive Aftermarket Products~ || Average Annual Vehicle Maintenance Expenditure~ || Average Vehicle Service Schedule Interval of Chinese Consumers~ || Comparison of Different Channels for Buying Vehicle Spare Parts~ | External Challenges—Drivers and Restraints: Automotive Aftermarket~ || Market Drivers~ || Market Restraints~ | Analysis of Franchising in the Automotive Aftermarket~ || Chinese Automotive Aftermarket Distribution Structure Overview~ || Key Elements Driving Aftermarket Franchise Development~ || Barriers to Developing the Aftermarket Franchise Business~ | Comparative Analysis~ || Three Categories of the Automotive Aftermarket~ || Comparison of Different Types of Automotive Aftermarket Businesses~ || Comparison Between OES Parts and Independent Aftermarket (AM) Parts~ || Service Provider Business Operating Costs~ | Distribution Channel Analysis~ || How OEM Distribution Works in China~ || Company Profile—SAIC Group~ || Company Profile—Tyreplus~ || How TyrePlus Distribution Works in China~ || Company Profile—Bosch~ || How Bosch’s Distribution Works in China~ | Automotive Aftermarket Franchise Development Strategy Portfolio~ || Company Profile—Harson Service~ || Company Profile—Harmony Group~ || Company Profile—Suremoov Auto Repairing~ | Automotive Aftermarket Regulation~ || Impact of Regulation on Automotive Aftermarket~ || Emission Standards~ | Part Analysis~ || Manufacturer-level Replacement Parts Revenue~ || Automotive Aftermarket Top Part Suppliers~ || Replacement Rate of Frequently Replaced and Safety-related Parts in the Chinese Aftermarket~ || Case Study—Fee of Workmanship Comparison~ | Online Platform Strategy~ || Various Types of eCommerce Service Providers~ || Main eCommerce Platform Models~ || Online eCommerce Shopping Platform~ || Online eCommerce Platform—Parts Distribution Structure~ || Online eCommerce Platform—Vehicle Service Distribution Structure~ | Forecasts and Trends—Automotive Aftermarket~ || Market Engineering Measurements~ || Chinese Automotive Aftermarket Revenue Scenario Analysis~ || Forecast Scenario Assumptions to 2022~ || Key Factors to Consider While Entering the Chinese Aftermarket~ || Key Automotive Aftermarket Hotspots in China~ || Success Stories~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Growth in Vehicles in Operation~ || Growth Opportunity 2—Increasing Age of Vehicles in Operation~ || Growth Opportunity 3—Rising Awareness of Importance of Vehicle Maintenance~ || Growth Opportunity 4—Diversity in Aftermarket Products ~ || Growth Opportunity 5—Favorable Government Policy~ || Strategic Imperatives for Success and Growth~ | Conclusions and Future Outlook~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Table of Abbreviations~ |
| List of Charts and Figures | 1. Automotive Aftermarket: Key Hotspots, China, 2015~ 2. Automotive Aftermarket: Revenue Forecast, China, 2010–2022~ 3. Automotive Aftermarket: Key Industry Participants, China, 2016~ 4. Automotive Aftermarket: Comparison Between OES Parts and IAM Parts, China, 2016~ 5. Automotive Aftermarket: Key Market Drivers, China, 2017–2022~ 6. Automotive Aftermarket: Key Market Restraints, China, 2017–2022~ 7. Franchising in the Automotive Aftermarket: Barriers to Developing an Aftermarket Franchise Business, China, 2016~ 8. Automotive Aftermarket: Three Categories of the Automotive Aftermarket, China, 2016~ 9. Automotive Aftermarket: Comparison of Different Types of Automotive Aftermarket Business, China, 2016~ 10. Automotive Aftermarket: Comparison Between OES Parts and IAM Parts, China, 2016~ 11. Automotive Aftermarket: Service Provider Business Operating Cost, China, 2016~ 12. Automotive Aftermarket: Company Profile—TyrePlus, China, 2016~ 13. Automotive Aftermarket: Company Profile—Bosch, China, 2016~ 14. Automotive Aftermarket: Impact of Regulation, China, 2016~ 15. Emission Standard Implementation Process, China, 2010–2018~ 16. Automotive Aftermarket: Manufacturer-level Replacement Parts Revenue by Category, China, 2016–2022~ 17. Automotive Aftermarket: Top Aftermarket Suppliers by Product Type, China, 2016~ 18. Automotive Aftermarket: Replacement Rate of Spare Parts, China, 2016~ 19. Automotive Aftermarket: Fee of Workmanship Comparison, China, 2016~ 20. Automotive Aftermarket: Market Engineering Measurements, China, 2016~ 21. Automotive Aftermarket: Forecast Assumptions, China, 2010–2022~ 22. Automotive Aftermarket: Key Hotspots, China, 2015~ 23. Automotive Aftermarket: Success Stories, China, 2016~| 1. Franchising in the Automotive Aftermarket: Key Findings, China, 2010–2022~ 2. Automotive Aftermarket: Market Engineering Measurements, China, 2016~ 3. Automotive Aftermarket: Automotive Aftermarket Development Lifecycle, Global, 2016~ 4. Automotive Aftermarket: Revenue Forecast, China, 2014–2022~ 5. Automotive Aftermarket: Percent of Aftermarket Participants by Type of Operation, China, 2010 and 2016~ 6. Automotive Aftermarket: Customer Preference by City, China, 2015~ 7. Franchising in the Automotive Aftermarket: Key Elements Driving Aftermarket Franchise Development, China, 2015~ 8. Automotive Aftermarket: Key Factors to Consider for Entering the Aftermarkets, China, 2016~ 9. GDP Growth, China, 2010–2016~ 10. Automotive Market: New Car Sales by China City Tier, China, 2010–2016~ 11. Automotive Aftermarket: Key Influencing Trends, China, 2016~ 12. Automotive Aftermarket: Key Influencing Trends, China, 2016~ 13. Automotive Aftermarket: Timeline of Aftermarket Development, China, 1990–2016~ 14. Automotive Aftermarket: Automotive Aftermarket Development Lifecycle, Global, 2016~ 15. Automotive Aftermarket: Vehicle In Operation, China, 2011–2015~ 16. Automotive Aftermarket: Revenue Forecast, China, 2014–2022~ 17. Automotive Market: Vehicle in Operation by Brand, China, 2016~ 18. Automotive Aftermarket: Vehicle in Operation by Age, China, 2015–2022~ 19. Automotive Aftermarket: Timeline of Automotive Aftermarket Franchise Development, China, Pre 2005–2025~ 20. Franchising in the Automotive Aftermarket: PEST Analysis, China, 2015~ 21. Automotive Aftermarket: Percent of Aftermarket Participants by Type of Operation, China, 2010 and 2016~ 22. Automotive Aftermarket: Consumer Spending by Geographical Distribution, China, 2016~ 23. Automotive Aftermarket: Customer Preference by City, China, 2015~ 24. Automotive Aftermarket: Preferred Buying Channels of Aftermarket Products, China, 2016~ 25. Automotive Aftermarket: Average Annual Vehicle Maintenance Expenditure, China, 2016~ 26. Automotive Aftermarket: Average Vehicle Service Schedule Interval, China, 2013–2015~ 27. Automotive Aftermarket: Comparison of Different Channels of Buying Vehicle Spare Parts, China, 2016~ 28. Automotive Aftermarket: Value Chain, China, 2016~ 29. Franchising in the Automotive Aftermarket: Key Elements Driving Aftermarket Franchise Development, China, 2015~ 30. Franchising in Automotive Aftermarket: Key Processes Driving the Aftermarket Franchise Business, China, 2016~ 31. Automotive Aftermarket: Three Categories of the Automotive Aftermarket, China, 2016~ 32. Automotive Aftermarket: Service Provider Business Operating Cost, China, 2016~ 33. Automotive Aftermarket: OEM Distribution Channels, China, 2016~ 34. Automotive Aftermarket: Company Profile—SAIC Motor, China, 2016~ 35. Automotive Aftermarket: TyrePlus Distribution Channels, China, 2016~ 36. Automotive Aftermarket: Bosch’s Distribution Channels, China, 2016~ 37. Franchising in the Automotive Aftermarket: Company Profile—Harson Service, China, 2016~ 38. Franchising in the Automotive Aftermarket: Company Profile—Harmony Group, China, 2016~ 39. Franchising in the Automotive Aftermarket: Company Profile—Suremoov Auto Repair, China, 2016~ 40. Automotive Aftermarket: Types of eCommerce Service Providers, China, 2016~ 41. Automotive Aftermarket: Types of eCommerce Platforms, China, 2016~ 42. Automotive Aftermarket: Online eCommerce Platform Parts Distribution Structure, China, 2016~ 43. Automotive Aftermarket: Online eCommerce Platform Vehicle Service Distribution Structure, China, 2016~ 44. Automotive Aftermarket: Revenue Scenario Analysis, China, 2010–2022~ 45. Automotive Aftermarket: Key Factors to Consider for Entering the Aftermarkets, China, 2016~ 46. Franchising in the Automotive Aftermarket: Conclusions and Future Outlook, China, 2010–2022~ |
| Author | Jia Yong Lai |
| Industries | Automotive |
| WIP Number | P922-01-00-00-00 |
| Is Prebook | No |