Via https://newsapi.org online business online marketing online business opportunities The Chinese Automotive Aftermarket to 2025 – Forecast to Reach $523.8 Billion by 2025 – ResearchAndMarkets.com

Via https://newsapi.org  online business opportunity  online marketing  online business opportunity opportunities The Chinese Automotive Aftermarket to 2025 – Forecast to Reach $523.8 Billion by 2025 – ResearchAndMarkets.com


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DUBLIN–()–The“Chinese
Automotive Aftermarket, Forecast to 2025”
report has been added
toResearchAndMarkets.com’soffering.

Chinese automotive aftermarket revenue* (including automotive parts,
insurance, used cars, automotive beauty and accessories, and
miscellaneous services) is expected to record a Compound Annual Growth
Rate (CAGR) of 7.7%, increasing from $290.44 billion in 2017 to $523.8
billion in 2025.

During this period, the vehicles in operation (VIO) for Chinese
passenger vehicles is expected to grow from 185 million units to 401.7
million units. Meanwhile, however, new and used car sales in China are
likely to experience slower growth, recording a CAGR of 2.3% and 7.5%
respectively.

Continuous growth of new and used car sales is the key factor driving
VIO growth in China during the long term. The two-child policy, rising
disposable income, competitive retail sales, electric vehicle
penetration, and emission standard upgrade are the main drivers boosting
vehicle sales growth in China.

The Chinese automotive aftermarket is likely to be diversified by
eCommerce platforms, especially in online-to-offline parts retail and
repair and maintenance services. Alibaba and Tuhu are the key eCommerce
platforms leading the Chinese online automotive aftermarket. eCommerce
penetration is likely to increase from 12.7% in 2017 to 40% in 2025.

Currently, the Chinese automotive parts aftermarket is well-developed,
with foreign, domestic, and joint venture brands. Foreign and joint
venture companies manufacturing automotive parts are dominating the
market, with a 70% revenue share as of 2017. However, the revenue share
of domestic automotive parts brands is on the rise.

Key Topics Covered

1. Executive Summary

2. Research Scope, Objectives, Background and Methodology

3. Aftermarket Regulation

4. Market Drivers and Restraints

3. Top Automotive Aftermarket Trends

4. VIO Market Analysis

5. Automotive Parts Market Analysis

6. Used Car Market Analysis

7. Automotive eCommerce Market Analysis

8. Growth Opportunities and Companies to Action

9. Conclusions and Future Outlook

Companies Profiled

  • Alibaba
  • Tuhu

For more information about this report visithttps://www.researchandmarkets.com/research/752gwd/the_chinese?w=4

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