As automobile consumption upgrades year by year, the automobile aftermarket has become one of the more popular industries in the automobile industry. According to data, in 2021, the scale of China's automotive aftermarket industry will exceed 1.3 trillion yuan, and the growth rate has increased rapidly for two consecutive years. It is expected that the size of the automotive aftermarket will reach 1.7 trillion yuan by 2025, with a compound annual growth rate of 10%. Against this background, more and more companies are beginning to tap into this "new blue ocean." In 2021 alone, there will be more than 80 investment and financing projects in my country's automotive aftermarket, with the amount reaching 40.695 billion yuan, the highest level in the past ten years. With the entry of many companies, the entire industry is ushering in a more standardized and sustainable transformation and upgrading.
"Online + offline" becomes a big opportunity for the future market
According to data released by the Ministry of Public Security, as of the first half of 2022, the number of cars in my country has reached 310 million. Although affected by factors such as parts shortages and the epidemic, my country's new car sales still lead the world. Based on the huge car ownership, my country's automotive aftermarket has become the fastest growing market in the world. According to data from relevant agencies, as of the end of 2021, passenger cars with expired warranty periods accounted for 72.9% of the total ar ownership in my country, and it is expected that by the end of 2026, it will reach 77.7%.
"China Times" reporters asked the car owners around them who have expired the warranty period. Most of the car owners said that they will not go to 4S stores for repairs and maintenance after the warranty expires. The reason is that the prices of 4S stores are too high. Therefore, in the future, more vehicles that have passed the warranty period will need to be maintained in stores other than 4S stores. Faced with such a large market, many companies are making arrangements. In addition to traditional service providers, some Internet companies have also begun to enter the automotive aftermarket industry.
