China Automotive Repair and Maintenance Services Market to be dominated by Passenger Car through 2027
The rise in demand for used vehicles and growing concern
regarding vehicle safety are expected to drive the demand for China automotive
repair and maintenance services market in the forecast period, 2023-2027.
According
to TechSci Research report, “China Automotive Repair and Maintenance Services
Market By Region, Competition Forecast &
Opportunities, 2027”,
the China automotive repair and maintenance services market is expected to grow
at a robust rate in the forecast period, 2023-2027. Automotive
repair and maintenance services are in
high demand as they return the vehicle service life and performance to their
original form. The majority of the people who cannot afford a vehicle prefer to
buy used vehicles or get their vehicle repaired and maintained regularly. Local
shop owners are emerging at a rapid rate and are working to provide a complete
range of repair and maintenance services. They are working on specializing in a
particular service and increasing the number of services to surge their market
share. Also, the entry of the new market players and the opening of automotive
repair and maintenance services are expected to fuel the China automotive
repair and maintenance services market growth over the next five years.
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The
China automotive repair and maintenance services market is segmented into service
type, vehicle type, service area, service provider, channel, regional distribution,
and company.
Based
on vehicle type, the market is divided into two-wheeler, passenger car, LCV,
and M&HCV. The passenger cars segment is anticipated to dominate the market
over the forecast period owing to the rise in private vehicle ownership among
consumers. The newly launched passenger cars are high-quality materials and
technology and last longer than their versions. Passenger cars need frequent
repair and maintenance to ensure the vehicle's optimum working and fuel
efficiency, thereby boosting the market growth.
Based
on the service area, the market is divided into automotive mechanical and
electrical parts, automotive body parts, tire, paint, interior parts, glass,
and others. Tires are expected to capture the highest market share in the
forecast period. Due to the increased average life of vehicles, tires
experience more wear and tear than the other automotive components. Therefore,
they require frequent maintenance and exchange to ensure the proper working of
vehicles.
Based
on the service provider, the market is divided into automobile manufacturers,
franchise general repairs, locally owned repair shops. Franchise general
repairs are expected to account for a significant market share in the forecast
period. The automotive repair and maintenance services have to provide services
to different vehicles, which means they are not tied to the specified
manufacturer. Many auto repair shops have authorized dealerships of different
car companies to offer automotive car repair and maintenance services to
different cars. The franchise stores can serve overall servicing to vehicles
which is one of the major reasons for their high demand among the automobile
owners.
Based
on the channel, the market is bifurcated into online and offline. The offline
segment is expected to hold the largest market share in the forecast period.
Many automotive repair and maintenance stores are situated in China, and
automobile owners can visit these stores physically according to their needs
and convenience.
Major
market players operating in China automotive repair and maintenance services
market are:
·
China
Grand Automotive Services Group Co., Ltd.
·
Fuxin
Haizhou District Dexin Hongding Winery Co.,Ltd.
·
Xianning
Xian'an District Shunli Car Repair Service Center
·
Wuhan
Shiji Tiancheng Automotive Sales Service Co., Ltd.
·
Zhengzhou
Jianxin Automobile Service Co.,Ltd.
·
Shiyan
Xinjiuhuan Road Rescue Co.,Ltd.
·
Liulin
County Yongda Labor Service Co., Ltd.
·
Shanxi
Lingjie Elevator Engineering Co., Ltd.
·
Ulanqab
Xintai Automotive Repairing Service Co., Ltd.
·
Queshan
County Hengtong Automobile Maintenance Co., Ltd.
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“The automotive repair and maintenance
services invest hefty amounts in expanding their consumer base by adopting
online platforms. The availability of high-speed internet connections and the
proliferation of smart devices boost the popularity of e-commerce channels
across the country. Market players also offer lucrative discounts to customers
and pick and drop the vehicles from the customer location to the service
centers. The growing popularity of the online sales channel and online
retailing of auto parts is expected to propel the growth of China automotive
repair and maintenance services market till 2027.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“China Automotive Repair
and Maintenance Services Market By Service Type (Repair and Maintenance), By
Vehicle Type (Two-Wheeler, Passenger Car, LCV, and M&HCV),By Service Area
(Automotive Mechanical and Elect rical Parts, Automotive Body Parts, Tire,
Paint, Interior Parts, Glass, Others), By Service Provider (Automobile
Manufacturers, Franchise General Repairs, Locally Owned Repair Shops), By
Channel (Online, Offline), By Region, Competition Forecast & Opportunities,
2027”, has evaluated the future
growth potential of China automotive repair and maintenance services market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in China automotive repair and maintenance
services market.
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