I. Development Review of Automobile Maintenance Industry
Industry Definition
Automobile maintenance refers to the maintenance and repair of automobiles. Through scientific technical means, faulty vehicles are detected and checked to eliminate potential safety hazards in a timely manner, so that automobiles can always maintain a good operating state and operational capacity, reduce the failure rate of vehicles, and meet the technical standards and safety performance stipulated by the country and the industry.
Industrial Chain
1. Upstream: Supply of automobile maintenance equipment and tools and automobile spare parts.
2 .Midstream: Various automobile maintenance enterprises.
3 .Downstream: Terminal customers of automobile maintenance.
II. Analysis of the Current Situation of Global and Chinese Automobile Maintenance Industry
Patent Technology
At the patent technology level, the number of patents in the global automobile maintenance industry has been maintaining a continuous growth trend in recent years. As of mid-2022, the cumulative number of patents related to automobile maintenance globally is close to 29,800, showing a certain increase compared with the same period of the previous year. From the perspective of technology source countries, compared with other countries, the number of patent applications for automobile maintenance in China is at the forefront. At the end of 2021, the number of patent technology applications exceeded 2,500, ranking first in the world. The number of patent applications for automobile maintenance in the United States is close to 400, second only to China. In contrast, the number of patent applications in other countries in the world has a large gap.
Market Size
Automobile maintenance is a general term for automobile maintenance and repair and is the most important part of the entire automobile aftermarket. According to the collation and statistics of Beijing Research Precision Biz Information Consulting, in 2021, the market size of the global automobile maintenance industry exceeded 535 billion US dollars, a year-on-year growth of about 10% compared with the same period in 2020. In 2022, the market size of automobile maintenance continues to increase, approaching 570 billion US dollars, a growth of about 6.5% compared with the end of the previous year. The growth rate of the market size has slowed down. With the continuous increase in the sales volume of the used car market and the improvement of residents' economic level also driving the increase in expenditure on automobile maintenance and care, promoting the development of the automobile maintenance market. It is predicted that the market size of the global automobile maintenance industry will reach 680 billion US dollars in 2025, with an average annual growth rate of about 6.4%.
Regional Distribution
From the global market perspective, in countries such as the United States, Japan, and South Korea, the automobile aftermarket started relatively early. After long-term continuous development, their automobile maintenance market share has gradually accumulated and occupies a relatively high market share compared with other countries. According to market research data, at the end of 2021, the market share of the automobile maintenance market in the United States is close to 30%, making it the largest market in the world. Secondly, the emerging country markets represented by China are growing significantly faster, and their share in the global automobile maintenance market is gradually increasing. In the same year, the market share of China's automobile maintenance market ranks second, accounting for about 15%.
Market Structure
According to different types of automobile maintenance services, the market can be divided into types such as automobile maintenance, automobile maintenance, automobile beauty, and automobile modification. Divided by the scale proportion of each market, as of the end of 2021, the market size proportion of automobile maintenance exceeds half, reaching about 52%; followed by the automobile maintenance and automobile beauty fields, accounting for 22% and 16% respectively. The automobile modification ranks behind with a market share of about 6%. In addition, other types of automobile maintenance services collectively account for 4%.
Post time: Oct-22-2024