Chinese Automotive Aftermarket, Forecast to 2025

Chinese Automotive Aftermarket, Forecast to 2025

Automotive Aftermarket Revenue Estimated to Reach $523.80 Billion by 2025

RELEASE DATE
18-Dec-2018
REGION
Asia Pacific
Research Code: 9AB2-00-76-00-00
SKU: AU01751-AP-MR_22635

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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
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.--BEGIN PROMO--

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

More Information
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