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With an output value of 1.2 trillion, there are 616000 auto repair enterprises in China

  • Jimmy at
  • August 05, 2020

With the continuous increase of the car market, the demand of users for the after market service such as repair and maintenance is increasing. According to the Traffic Management Bureau of the Ministry of public security, as of June 2020, the number of cars in China has reached 270 million. The car ownership has led to a series of services such as repair and maintenance, resulting in a 1.2 trillion auto aftermarket.

 

From the data of the past ten years, the growth rate of China's related enterprises registration began to rise since 2012, and reached the peak in 2017, with a growth rate of 29.23%. In the first half of this year, nearly 43000 automobile maintenance related enterprises were established. Among them, April was the most new month for such enterprises, with a total of more than 11000 enterprises established, with a month on month increase of 14.76%.

 

In these automotive aftermarket enterprises, there are also some Internet giants joining, thus accelerating the upgrading of the traditional automobile repair industry. For consumers, there were many criticisms in the auto repair industry in the past, such as opaque consumption, subordination to good, and bundling sales. With the media exposure and the online Internet mode, the automotive aftermarket service has become more and more transparent and more easily accepted by the public, which adds more choices for car maintenance.