China automotive repair
and maintenance services market is anticipated to register a robust CAGR during
the forecast period, 2023-2027. The market is primarily driven by the rise in
vehicle production and sales and the growing disposable income of consumers.
People prefer to avail automotive repair and maintenance services for regular
check-ups to avoid the chances of malfunction. Also, the growing popularity of
electric vehicles and connected cars and the emergence of online sales channels
are expected to create numerous growth opportunities for the market over the
next five years.
Increased Production and
Sales of Vehicles Drives the Market Growth
Total vehicle sales in China
stood at 26.27 million in 2021. The Chinese automotive industry is the world’s
largest automotive industry across the globe. The government is predicting that
the domestic production of automobiles will reach 35 million vehicles by 2025.
The Ministry of Industry and Information Technology, over 25 million vehicles
will be sold in 2020, which includes 19.99 million passenger vehicles. The time
period of vehicle ownership has increased considerably from the previous years.
There has been a significant rise in the number of automotive repair and
maintenance service centers in the country to facilitate the demand from a
large number of vehicle owners.
The surge in the average of
the vehicles is anticipated to boost the demand for the automotive
repair and maintenance services market as they require periodic
monitoring to perform efficiently.
Adoption of Advanced
Technologies Spurs the Market Demand
Market players invest heavy
amounts in research and development activities to improve the services offered
to vehicle owners and launch innovative solutions in the market. The advent of
advanced diagnostic tools and equipment that can determine the cause of
vehicles with accuracy plays a crucial role in accelerating market growth.
Market players are also using augmented reality applications to understand
better complex repair, which allows the vehicle to get repaired more easily.
Also, the growing popularity of Big Data technology, which helps the service
providers to analyze the car and customer data and in predictive maintenance of
vehicles, is expected to bolster the demand for automotive repair and
maintenance services across the country.
Rise in Popularity of
Electric Cars Boosts the Market Growth
Growing environmental
concerns and crude oil prices coupled with the surge in the pollution level of
the country are accelerating the demand for alternate energy fuel vehicles.
Made in China 2025 is an initiative by the Chinese government. The automotive
industry, including new energy vehicles (NEVs), is one of the significant
sectors in transforming the country’s industry from low-cost mass production to
a higher value-added manufacturing process. The government targets to sell 3
million domestically branded new energy vehicles with a minimum of 80% of the
country’s market share. This plan supports the manufacturing of electric
vehicles and connected and autonomous vehicles, which is expected to fuel the market
growth over the next five years. The car owners need to regularly upgrade the
existing technologies and equipment to reap the maximum benefits of using a
technologically advanced car. In the coming years, massive sales of electric
cars are expected to accelerate the demand for automotive repair and
maintenance services.
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Market Segmentation
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 service
type, the market is divided into repair and maintenance. Based on vehicle type,
the market is divided into two-wheeler, passenger car, LCV, and M&HCV.
Based on service area, the market is divided into automotive mechanical and
electrical parts, automotive body parts, tire, paint, interior parts, glass,
others. Based on service provider, the market is divided into automobile
manufacturers, franchise general repairs, locally owned repair shops. Based on channel, the market is bifurcated
into online and offline. To analyze the market based on the region, the China
automotive repair and maintenance services market is studied in major regions
namely East China, South-Central China, North China, South-West China,
North-East China, North-West China.
Market Players
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., are the major market players operating
in the China automotive repair and maintenance services market.
Attribute
|
Details
|
Base Year
|
2021
|
Historic Data
|
2017 – 2020
|
Estimated Year
|
2022
|
Forecast Period
|
2023 – 2027
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments covered
|
·
Service Type
·
Vehicle Type
·
Service Area
·
Service
Provider
·
Channel
|
Regional scope
|
East China, South-Central China, North China, South-West China,
North-East China, North-West China
|
Key companies profiled
|
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.
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, China automotive
repair and maintenance services market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- China Automotive
Repair and Maintenance Services Market, By Service Type:
- China Automotive Repair and Maintenance
Services Market, By Vehicle Type:
- Two-Wheeler
- Passenger Car
- LCV
- M&HCV
- China Automotive Repair and Maintenance
Services Market, By Service Area:
- Automotive Mechanical and Electrical Parts
- Automotive Body Parts
- Tire
- Paint
- Interior Parts
- Glass
- Others
- China Automotive Repair and Maintenance
Services Market, By Service Provider:
- Automobile Manufacturers
- Franchise General Repairs
- Locally Owned Repair Shops
- China Automotive Repair and Maintenance
Services Market, By Channel:
- China Automotive
Repair and Maintenance Services Market, By Region:
- East China
- South-Central China
- North China
- South-West China
- North-East China
- North-West China
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in China automotive repair and
maintenance services market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
China automotive repair and maintenance
services market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]