Dublin, Oct. 21, 2022 (GLOBE NEWSWIRE) -- The "China Automotive Repair and Maintenance Services Market By Service Type, By Vehicle Type,By Service Area, By Service Provider, By Channel, By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
China automotive repair and maintenance services market is anticipated to register a robust CAGR during the forecast period, 2023-2027. The market growth can be attributed to the rise in vehicle production and sales and the growing disposable income of consumers. People like to use vehicle repair and maintenance services frequently to avoid malfunctions. Furthermore, the growing popularity of electric vehicles and connected cars and the emergence of online sales channels are likely to open up various growth opportunities for the market over the next five years.
In 2021, China's total automobile sales reached 26.27 million. The Chinese automobile industry is the world's largest automotive industry. The government predicts domestic automobile production will exceed 35 million vehicles by 2025. Vehicle ownership duration has increased significantly in recent years. To meet the demand from a vast number of vehicle owners, the number of automobile repair and maintenance service centers in the country has increased significantly.
Market participants engage heavily in R&D operations to improve the services supplied to car owners and to put innovative solutions into the market. Introducing new diagnostic tools and technology that can accurately diagnose the cause of vehicles plays a critical role in propelling market expansion. Market participants are also utilizing augmented reality technologies to understand difficult repairs better, allowing the car to be serviced more easily. Furthermore, the rising use of Big Data technology, which enables service providers to analyze vehicle and customer data and perform predictive maintenance on vehicles, is likely to boost demand for automobile repair and maintenance services across the country.
The China automotive repair and maintenance services market segmentation is based on service type, vehicle type, service area, service provider, channel, regional distribution, and company. Based on vehicle type, the market is divided into two-wheeler, passenger car, LCV, and M&HCV. The passenger car segment is anticipated to dominate the China automotive repair and maintenance market, owing to the increasing private vehicle ownership among consumers.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
China Automotive Repair and Maintenance Services Market, By Service Type:
- Repair
- Maintenance
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:
- Online
- Offline
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
Key Topics Covered:
1. Service Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on China Automotive Repair and Maintenance Services Market
5. Voice of Customer
6. China Automotive Repair and Maintenance Services Market Outlook
7. China Automotive Repair Services Market Outlook
8. China Automotive Maintenance Services Market Outlook
9. Market Dynamics
10. Market Trends and Developments
11. Policy and Regulatory Landscape
12. China Economic Profile
13. Competitive Landscape
14. Strategic Recommendations
Companies Mentioned
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/p7geuf
