$109.4bn
$XX.Xbn
605k
4,417
$X.Xbn
Revenue for the Car Repair Services industry in China is set to grow by 4.8% in 2023, to $109.4 billion. Industry revenue has grown by a CAGR of 5.8% over the past five years. Industry growth has been the result of the increasing number of automobiles in use.Car repair service firms are classified into three categories. Primary enterprises are repair facilities that provide overhauling or assembly repair services for automobiles. These can also provide general maintenance and specialized repair services and must have equipment to test on completion. Established by auto manufacturers and dealer groups, 4S stores (i.e., sales, spare parts, service and survey) belong to this category.Secondary enterprises provide the same services as primary enterprises, but tend to be smaller and do not necessarily have equipment to test on completion. Tertiary units provide specialized repair and maintenance services like car detailing, replacing tires and paintwork. This industry refers to primary enterprises, and excludes secondary and tertiary units.This industry is currently in the mature stage of its life cycle. However, the rapid development of new energy vehicles will provide development opportunity for the Car Repair Services in China.Key drivers for industry growth include the substantial increase in the number of automobiles in use in China, increasing age of automobiles, improvement of quality of service and improved productivity due to technology improvements. By 2028, industry revenue is forecast to amount to $137.6 billion, growing by a CAGR of 4.7% over the five years through 2028.
Industry revenue has grown at a CAGR of 5.8 % over the past five years, to reach an estimated $109.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
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There are no companies that hold a large enough market share in the Car Repair Services in China industry for IBISWorld to include in this product.
Car Repair Services in China
Industry revenue is measured across several distinct product and services lines, including Automobile overhauling, Assembly repairs and Minor repairs. Automobile overhauling is the largest segment of the Car Repair Services in China.
Assembly repairs are the largest segment
The Car Repair Services industry in China provides mechanical or electrical repair services for automobiles, including maintenance services and fixing and correcting existing or potential technical malfunctions.
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The industry layout in the new energy vehicles is increasing. Rapid development of new energy vehicles provides a large development opportunity for the industry.
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Assembly repairs are the largest segment. The revenue of the assembly repairs is expected to account for 53.0% of total industry revenue and the segment will grow steadily.
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The industry is mainly concentrated in the economic developed regions. Operations in the Car Repair Services industry are concentrated in the East, North and South Central re...
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The industry concentration level is low. The top four enterprises of the industry are expected to account for 9.2% of total industry revenue in 2023.
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Automobile dealer groups dominate the industry. There are four automobile dealer groups among the top five major players, including Zhongsheng Group, Grand Auto, Yongda and Z...
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The Government in China leads the industry development. There are multiple industry regulations guiding and standardizing the development of the Car Repair Services industry.
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The industry profitability has decreased. Decreasing repair service prices for some luxury vehicles resulted from anti-monopoly activities and intensified market competition ...
Including values and annual change:
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Key data sources in China include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Car Repair Services industry in China is $109.4bn in 2024.
There are 4,417 businesses in the Car Repair Services industry in China, which has declined at a CAGR of 2.6 % between 2019 and 2024.
The market size of the Car Repair Services industry in China has been growing at a CAGR of 5.8 % between 2019 and 2024.
Over the next five years, the Car Repair Services industry in China is expected to grow.
Automobile overhauling and Assembly repairs are part of the Car Repair Services industry.
The level of competition is moderate and increasing in the Car Repair Services industry in China.