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Research Report on China's Automobile Maintenance Industry, 2018-2022 - ResearchAndMarkets.com

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The "Research
Report on China's Automobile Maintenance Industry, 2018-2022"

report has been added to ResearchAndMarkets.com's
offering.

China's auto industry has been growing rapidly since China joined the
WTO. Since 2009, China has ranked first in automobile production and
sales volume in the world for nine consecutive years. China's automobile
penetration has also increased at a rate of more than 10% every year.

At the end of 2017, China's automobile penetration was 217 million,
ranking second in the world. Automobile maintenance is a promising
industry arising from the increase in automobile penetration in China.
Unlike automobile repair, automobile maintenance includes daily
automobile maintenance as well as light maintenance services such as
additional maintenance, automobile accessories, automobile beauty, quick
repair and automobile modification.

According to the report, the profit of automobile aftermarket only
accounts for 20% of that of China's automobile industry chain and is
much lower than that in developed countries. In 2017, the market size of
China's automobile maintenance industry reached CNY 889.2 billion,
representing a CAGR of 27.3% from 2013 to 2017. The market grew rapidly.

The concentration rate is low in China's automobile maintenance industry
with the standardization of services and product quality. Traditional
auto manufacturers, auto distributors, and auto accessories
manufacturers are developing automobile maintenance in order to deepen
the industry chain by brand awareness and store coverage. In addition,
the broad industry space and great policy support have spawned some
independent third-party maintenance suppliers which win a large number
of users by accurate market positioning, alternative maintenance
services and user-friendly prices. Younger consumers and diversified
demand have led to a mass of O2O automobile maintenance suppliers such
as Tuhu.cn, Qccr.com and Chexiang.com. They have become the new powers
that dominate the development of China's automobile maintenance industry
because of easy and fast services and transparent prices.

It is estimated that the market size will exceed 1.7 trillion in 2022,
and the CAGR will exceed 14% from 2018 to 2022. In the coming years,
China's automobile maintenance industry will have a good prospect with
in-depth industry development, more market players, lower maintenance
costs, stronger overall competitiveness based on chain operation, higher
automobile penetration and older average age of vehicles.

Key Topics Covered:

1 Relevant Concepts of Automobile Maintenance Industry

2 Analysis on Automobile Maintenance Industry in China

3 Analysis on Competition in China's Automobile Maintenance Industry

4 Major Automobile Maintenance Industry Suppliers in China

5 Analysis on Raw Material Costs and Retail Prices of Automobile
Maintenance in China

6 Forecast on Development of China's Automobile Maintenance Industry,
2018-2022

Companies Featured

  • 3M
  • Chexiang.com
  • Ddyc.com
  • Jiangsu Carzone Auto Parts Co., Ltd.
  • Jiangsu Rui'an Automobile Industry Co., Ltd.
  • Lechebang.com
  • Qccr.com
  • Qingdao Copton Technology Co., Ltd.
  • Tuhu.cn
  • Welion

For more information about this report visit https://www.researchandmarkets.com/research/3nl7cg/research_report?w=4

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