China Automotive Aftermarket Industry Accounted For 50.1% Share In APAC Region
China Automotive Aftermarket industry Trends, Demand, Share, and Size
According to Goldstein Research, China automotive aftermarket industry is expected to grow at a CAGR of 4.3% over the forecast period, 2017-2025 from the estimated market size of USD 91.0 billion in 2017. The volatile progression in China’s automotive market has apprehended the attention and focus of the world’s leading automobile manufacturers over the last decade. China automotive aftermarket industry segmentation has been done on the basis of aftermarket products and services type, end-user and distribution channel. Based on the after-market products and services, wear-and-tear parts accounted for the largest revenue share of more than 54% in the automotive aftermarket industry. On the other hand, services segment is the fastest growing segment which is likely to expand at a CAGR of +9% over the forecast period.
China Automotive aftermarket industry is witnessing many automotive companies and component suppliers establishing its online shop on leading Chinese e-commerce site TMall with the objective of retailing directly to end users and businesses.
Download Exclusive Sample Report: China Automotive aftermarket industry
On the basis of our in-depth analysis, China Automotive Aftermarket Industry can be segmented as follows:
By After Market Products and Services Type
o Wear-and-Tear Parts
o Crash-Relevant Parts
o Accessories and Appearance Products
o Diagnostics Products
o Services (Fleet Management etc.)
By End Users Type
o Service Providers (Telematics, Fleet Management etc.)
o Independent Workshops
o Automotive OEM Workshop
By Distribution Channel
“China Automotive Aftermarket Industry Outlook 2024” contains a detailed overview of the China Automotive aftermarket industry. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by aftermarket products and services type, end-user and distribution channel.
Further, for the in-depth analysis, China Automotive Aftermarket Industry Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such Shanghai Automotive Industry Corporation (Group), Wanxiang Group, Weichai Holding Group Co. Ltd., Guangzhou Automobile Industry Group Co. Ltd., 3M, Continental AG, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, Cooper Tire & Rubber Company, Robert Bosch GmbH, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the China Automotive aftermarket industry trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.
Contact for more Info:
(Global Sales Head)
USA: + 1-646-568-7747
Browse Similar Report: Global Automotive Aftermarket Industry