The future of auto parts market is worth looking forward to

Up to now, China’s car ownership has reached 140 million units, and the rolling growth in its inventory has prompted the scale expansion of the automobile aftermarket. It is estimated that by 2015, the market scale will reach 766 billion yuan. By 2020, the market scale will exceed one trillion yuan. .

Judging from the mature automotive market development experience in Europe and the United States, the scale of the vehicle and parts scale in the auto industry is 1:1.7. At present, the ratio of the annual output value of auto parts and auto parts in China is 1:0.5. At present, the scale of the automotive aftermarket has reached 460 billion yuan, and the compound annual growth rate from 2006 to 2011 is 28%. According to this trend, by 2015, the scale of China’s auto aftermarket is expected to reach 766 billion yuan, and the market scale is expected to reach 2020. It will break through trillions of yuan.

China's current automotive aftermarket can be broadly divided into five major industries: automotive cleaning, refitting, automobile insurance, automobile repair and accessories, automotive supplies, used car and automotive. According to China's auto market blue book forecast, China's auto aftermarket will maintain high-speed growth of more than double digits in the next ten to fifteen years, and the output value of China's auto aftermarket will increase to 700 billion yuan in 2015, becoming the world's largest A large car aftermarket.

The research report on China's auto industry after-sales market survey and development strategy published by China Research Institute and Research Institute shows that the annual output value of auto maintenance equipment in China is RMB 50 billion (excluding the output value of auto accessories and auto tools). There is a market scale of 15 billion yuan. The paint booth has an annual output of more than 20,000 sets, including approximately 1/3 of exports; annual output of lifts has reached more than 250,000 sets, accounting for 1/3 of the world's annual output, and exports nearly 100,000 sets; balancing machines, tire changers The annual output has reached more than 200,000 units, including about 1/3 of exports. This is the most promising industry in China's auto aftermarket.

Market development experience and data have shown that China’s car ownership of these billions of vehicles is very young compared to countries with comparable car ownership. As the age of vehicles increases, the consumption of car maintenance will increase year by year. Auto parts companies have Great market prospects!