China Car Aftermarket Market Report 2020
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Providing the most comprehensive and up-to-date information and analysis of the China Car Aftermarket market, including the behaviors, preferences and habits of the consumer.
The Chinese car aftermarket reached RMB1,345 billion in 2019, with a YOY growth of 7.5%, the first time in the past five years it has dropped to single digits. Mintel forecasts that the market will maintain steady growth in the next five years. In this Report, Mintel explores consumers’ usage of different aftermarket shops for maintenance and their motivation to do maintenance. Also, we analyse important factors for all aftermarket channels to satisfy consumers’ needs.
Read on to discover more details or take a look at all of our China Automotive market research.
Scope of this research: In this Report, this includes car maintenance, repair, car beauty and sales of accessories. “Cars” in this Report are defined as personal cars for private individuals. They are categorized into basic passenger cars (saloon cars), SUVs (sport utility vehicles), MPVs (multipurpose vehicles) and cross-type passenger cars. Basic passenger cars (saloon cars): used for the transportation of people and luggage; the driver is usually the central focus, with an emphasis on driving and riding comfort. Saloon cars generally come in two-box configuration (hatchback) and threebox configuration (sedan).
SUVs: combines the comfort of a saloon car with off-road capability, functional versatility and a two-box configuration (hatchback). MPVs: combines the comfort of the saloon car with the space of a tourer and can be used to transport goods like a van. These vehicles usually come in a two-box configuration.
MPVs are targeted mainly at household users, and the majority are manufactured based on passenger car platforms.
Companies included: Zhongsheng Group Holdings Ltd, China Grand Automotive Service Co., China Yongda Automobiles Services Holdings Ltd., Lei Shing Hong Automobile Ltd., Hengxin Automobile Group Co., Ltd. Shanghai Automotive Industry Sales Co., Ltd. Zhejiang Materials Industry Yuantong Automobile Group Co., Ltd. Dah Chong Hong Holdings Limited and Jiangsu Wanbang.
Written by Terence Zhou, a leading analyst in the Automotive sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The growth momentum of the car aftermarket remains solid with the number of registered passenger cars predicted to exceed 220 million in 2020. Rising awareness of regular maintenance and interest in car modification are creating potential opportunities in the aftermarket as well. 4S stores remain strong in specialised repair, but are increasingly losing advantage in quick repair. Quality guarantees and efforts to help car owners understand more about the services play an important role in winning over aftermarket customers and contribute to brand reputation. Furthermore, the new energy car aftermarket is a highly dynamic sector with a wide range of challenges and opportunities. How to apply in-car information with aftermarket services will likely become a game-changer in the near future for the aftermarket.
Terence Zhou
Senior Automotive Analyst
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Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.