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Why is the future of the car maintenance industry bright?

Why is the future of the car maintenance industry bright?
Update Time:2019-11-19
According to data from the Prospective Industry Research Institute, in the case of steady growth in car ownership, China's automotive aftermarket services will remain at 10%-15% market growth in 2015-2020. It is estimated that by 2020, the size of the automotive aftermarket will reach 1.435 trillion. In terms of car ownership, by 2020, China's automobile production will reach or exceed 200 million.

With the increasing demand for car maintenance, it has laid a foundation for the development of the automotive aftermarket. Generally, after 3-4 years of use, the car enters the peak of maintenance , and China has entered the peak of passenger car sales since 2011. The corresponding car maintenance and maintenance peak will come. The rapid growth of possession led to the outbreak of domestic automobile vehicles in the aftermarket, which exceeded 120 million vehicles. Therefore, more and more people are beginning to enter the car maintenance industry, and the car maintenance industry has also become a sunrise industry.

In the United States, the automobile quick repair chain has accounted for more than 80% of the entire automotive after-sales service industry, and its output value accounts for more than 50% of the entire industry. Through the above analysis, we can understand that the car maintenance and repair market is an industry with great development potential.