Auto & Parts Wholesaling in China - Industry Market Research Report

Auto & Parts Wholesaling in China - Industry Market Research Report

Auto & Parts Wholesaling in China

The Auto and Parts Wholesaling industry in China has been developing in recent years due to the expansion of automobile and motorcycle manufacturing industries. However, industry revenue is expected to decrease at an annualized 4.2% over the five years through 2023, mainly due to declining automobile sales in 2019 and 2020. The industry revenue fell by 14.6% in 2020, due to the effects of the COVID-19 pandemic. In 2021, benefiting from effective controls of COVID-19 pandemic, sales volume of automobiles rebounded and industry revenue of the Auto & Parts Wholesaling in China rose by 3.5% to total $469.1 billion. In 2022, mainly due to the recurrence of the COVID-19 epidemic, the industry revenue decreased by 1.9% to $460.4 billion. In 2023, the industry revenue is expected to increase by 1.1% to $465.2 billion.

The Auto and Parts Wholesaling industry in China wholesales automobiles, motorcycles, and related parts. Operators in the industry wholesale a range of automobiles, buses, camping trailers, mopeds, recreational vehicles, trucks, motorcycles and related parts. These products are sold to vehicle dealers, parts dealers, transportation service providers, and other downstream industries.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.