The huge Chinese automobile market always stimulates the demand for auto repair & beauty. According to the National Bureau of Statistics of China, the country’s car ownership reached 172 million at the end of 2015, rising 11.7% over last year. Chinese auto repair & beauty market size amounted to RMB754.8 billion in 2015, jumping by 12.66% year on year. In future, the market size will show an annual growth rate of 19.17% during 2015-2020 with the consumers’ enhanced maintenance awareness and longer ownership time, and the market scale will report RMB1.7364 trillion in 2020.
As for the competitive landscape, the main participants in China’s auto repair industry include 4S stores, franchised maintenance service stations, comprehensive repair workshops, fast repair chain stores, special repair shops and a large number of roadside shops. There are more than 400,000 registered maintenance &repair enterprises which are divided into three categories with nearly 5 million employees in China, embracing at least 370,000 non-4S stores. The industry features a low concentration rate.
In China, auto 4S stores charge very high although their service quality is excellent, while repair shops and roadside repair shops claim low fees but their services vary dramatically, which cannot make consumers feel assured. Well-known chain stores offer the prices between 4S stores and roadside repair shops, embodying obvious cost advantages.
The enormous market potentials of the auto repair & beauty industry have attracted various investors to compete in the field, which not only injects adequate capital to the market, but also brings multiple innovative business models. For instance, Taobao, Jingdong (JD) and other Internet giantspump much capital in acquiring or creating start-ups, and then erect the O2O business model hereof. Meanwhile, some parts manufacturers and distributors move back into the downstream of the industry chain, so as to step in the auto repair & beauty industry; for example, Mobil No.1 keeps an eye on lubricating oil, and mailuntai.cn focuses on tire distribution; most of these companies expand the original product-based business to auto repair & beauty business.
The report mainly deals with the following:
Overview of China auto repair & beauty industry (including definition, classification, industrial chain, industry policies and development trends, etc.);
The overall market size of China’s auto aftermarket industry (including automobile industry, used car market, car rental, automobile insurance, etc.);
Browse full table of contents and data tables for Global UHMWPE Market Report @ https://www.marketresearchreportstore.com/shop/china-auto-repair-and-beauty-industry-report-2016-2020
For report sample or more information, please feel free to contact us:
Helen | Sales Director
Call: +email@example.com – U.S