In 2015, the scale of the automotive aftermarket will reach 760 billion yuan

December 09, 2022

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. .

As the main product of the automotive aftermarket, auto parts and components will also be “like a duck”. The huge market demand will bring greater market development space for domestic auto parts companies.

Judging from the relationship between the industry chain, the boom of auto parts should be in line with the growth of vehicle sales, but this situation mostly appears in the mature and tending to saturation of the auto market. China's auto and accessories market is still in a rapid growth period. In particular, mergers and acquisitions integration in the auto parts industry has just begun. Regional leading companies are breaking through regional restrictions and growing into national leaders. Some companies are seeking to develop internationally. In such a process, successful breakthrough parts companies can often achieve adverse market growth.

Therefore, auto parts companies with core competitiveness are likely to become “universal and mass” in the industry in the future. At present, the listed auto parts companies that are worthy of anticipation include: Shun Rong, Xinghui Car Model, and Wan An Technology.

At the same time, there are also "potential shares" worthy of attention in the listed companies of auto parts: Yapu Auto Parts, Chongqing Xiaokang Industry Group, Shanghai Lianming Machinery and other companies.

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.

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!

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Author:

Mr. Liu Keda

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syzdhx@163.com

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