Automotive Aftermarket in China

Automotive Aftermarket in China

Summary

Automotive Aftermarket in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Automotive aftermarket includes the sales of automotive components for use on vehicles after first purchase. Market value is calculated in terms of retail selling price (RSP) including all taxes and levies. Market volume refers to each individual aftermarket component, such as wiper blades or brake calipers, considered as a separate unit. The scope includes components sold through fast fits, auto centres, garages, tyre specialists, vehicle manufacturer networks, petrol stations, hypermarkets, crash repair centres/body shops, online sales, parts & accessories stores, and others. Both internal combustion engines and electric vehicles are considered in our scope. Our analysis encompasses both passenger cars and light commercial vehicles.
  • The Chinese automotive aftermarket sector recorded revenue of $142 billion in 2023, representing a compound annual growth rate (CAGR) of 4.0% between 2018 and 2023.
  • Sector consumption volume increased with a CAGR of 5.6% between 2018 and 2023, to reach a total of 2,977.5 million units in 2023.
  • China holds the largest automotive aftermarket in the Asia-Pacific region, capturing a significant 46.6% share in 2023.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the automotive aftermarket market in China
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the automotive aftermarket market in China
  • Leading company profiles reveal details of key automotive aftermarket market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the China automotive aftermarket market with five year forecasts
Reasons to Buy
  • What was the size of the China automotive aftermarket market by value in 2023?
  • What will be the size of the China automotive aftermarket market in 2028?
  • What factors are affecting the strength of competition in the China automotive aftermarket market?
  • How has the market performed over the last five years?
  • Who are the top competitors in China's automotive aftermarket market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What are the recent developments in the sector?
8 Company Profiles
8.1. SAIC Motor Corp Ltd
8.2. Denso Corp
8.3. Robert Bosch GmbH
8.4. Zhejiang Geely Holding Group Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: China automotive aftermarket sector value: $ million, 2018-23
Table 2: China automotive aftermarket sector volume: million units, 2018-23
Table 3: China automotive aftermarket sector category segmentation: % share, by value, 2018-23
Table 4: China automotive aftermarket sector category segmentation: $ million, 2018-23
Table 5: China automotive aftermarket sector geography segmentation: $ million, 2023
Table 6: China automotive aftermarket sector value forecast: $ million, 2023-28
Table 7: China automotive aftermarket sector volume forecast: million units, 2023-28
Table 8: SAIC Motor Corp Ltd: Key Facts
Table 9: SAIC Motor Corp Ltd: Annual Financial Ratios
Table 10: SAIC Motor Corp Ltd: Key Employees
Table 11: Denso Corp: Key Facts
Table 12: Denso Corp: Annual Financial Ratios
Table 13: Denso Corp: Key Employees
Table 14: Robert Bosch GmbH: Key Facts
Table 15: Robert Bosch GmbH: Key Employees
Table 16: Robert Bosch GmbH: Key Employees Continued
Table 17: Zhejiang Geely Holding Group Co Ltd: Key Facts
Table 18: Zhejiang Geely Holding Group Co Ltd: Key Employees
Table 19: China Size of Population (million), 2019-23
Table 20: China Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 21: China GDP (Current Prices, $ Billion), 2019-23
Table 22: China Inflation, 2019-23
Table 23: China Consumer Price Index (Absolute), 2019-23
Table 24: China Exchange Rate, 2018-23
List of Figures
Figure 1: China automotive aftermarket sector value: $ million, 2018-23
Figure 2: China automotive aftermarket sector volume: million units, 2018-23
Figure 3: China automotive aftermarket sector category segmentation: $ million, 2018-23
Figure 4: China automotive aftermarket sector geography segmentation: % share, by value, 2023
Figure 5: China automotive aftermarket sector value forecast: $ million, 2023-28
Figure 6: China automotive aftermarket sector volume forecast: million units, 2023-28
Figure 7: Forces driving competition in the automotive aftermarket sector in China, 2023
Figure 8: Drivers of buyer power in the automotive aftermarket sector in China, 2023
Figure 9: Drivers of supplier power in the automotive aftermarket sector in China, 2023
Figure 10: Factors influencing the likelihood of new entrants in the automotive aftermarket sector in China, 2023
Figure 11: Factors influencing the threat of substitutes in the automotive aftermarket sector in China, 2023
Figure 12: Drivers of degree of rivalry in the automotive aftermarket sector in China, 2023

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