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Market Research Report

China Automotive Aftermarket Industry: By After Market Products and Services Type, By End Users Type, By Distribution Channels with COVID-19 impact | Forecast Period 2017-2030

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China Automotive Aftermarket Industry 2017-2030

Market Overview

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 is currently the largest automobile industry in the world, and while the focus and business models previously been on new vehicle sales. There has been a gradual shift in the development of China’s automotive aftermarket. Goldstein Market Intelligence has commenced several recent projects to assist automotive companies to adopt and develop the precise strategies to effectively capture the China aftermarket opportunities. On the distribution end, online channels are emerging as the most attractive business strategy and are attracting major aftermarket players to provide innovative products and services through online channels. For instance, Bosch a major automotive component manufacturer established its online shop on leading Chinese e-commerce site TMall and its success (an estimated USD 9 million USD in sales in its first year of existence) has stimulated a gold rush. Many automotive companies and component suppliers are setting up their online shops on TMall.com, with the objective of retailing directly to end users and businesses. However, exporting automotive components remains challenging particularly for domestic component manufacturers, owing to insufficient technology progress and low competency in exporting high value-added products.

Automotive aftermarket revenue of China region accounted for approximately USD 91.0 billion in 2017 or about 50.1% of total Asia Pacific automotive aftermarket industry revenues. Further, the automotive aftermarket industry is likely to expand at a CAGR of 6.4% over the forecast period i.e.2017-2030.

China Automotive Aftermarket Market Segmentation

By After Market Products and Services Type

  • Wear-and-Tear Parts
  • Crash-Relevant Parts
  • Accessories and Appearance Products
  • Diagnostics Products
  • Services (Fleet Management etc.)

Based on the after-market products and services, wear-and-tear parts accounted for the largest revenue share of more than 54% in 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.

By End Users Type

  • Service Providers (Telematics, Fleet Management etc.)
  • Independent Workshops
  • Automotive OEM Workshop

By Distribution Channels

  • Offline Distribution Channel
  • Online Distribution Channel

Covered In This China Automotive Aftermarket Industry Report            

The report covers the present ground scenario and the future growth prospects of the automotive aftermarket for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major countries. China automotive aftermarket market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

China Automotive Aftermarket Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the China automotive aftermarket industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “China Automotive Aftermarket Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

COVID-19 impact on "China Automotive Aftermarket Industry"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "China Automotive Aftermarket Industry" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

Our China Automotive Aftermarket Industry Report comprises of the following companies as the key players:

  • 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
  • Robert Bosch GmbH.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this China Automotive Aftermarket Industry Report

  • What is the total market size by 2030 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

Reasons to buy this market study

  • Facilitate decision-making based on strong historic and forecast data for automotive aftermarket industry
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the automotive aftermarket industry’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects

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China Automotive Aftermarket Industry: By After Market Products and Services Type, By End Users Type, By Distribution Channels with COVID-19 impact | Forecast Period 2017-2030

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