Car Repair Services in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
3726Revenue
$109.4bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
605k
Businesses
4,417
Wages
$X.Xbn
Car Repair Services in China industry analysis
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.
Trends and Insights
- The industry layout in the new energy vehicles is increasing. Rapid development of new energy vehicles provides a large development opportunity for the industry.
- 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.
- 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 regions of China.
- 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.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 5.8 % over the past five years, to reach an estimated $109.4bn in 2024.
Trends and Insights
The number of private automobiles in use mainly drives the industry development
- Due to the improving living standards of consumers, purchase of private passenger vehicles has increased rapidly, and automobile consumption structure has changed significantly as well.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The industry concentration will grow gradually in the future
- The market competition will get more and more intense. Faced with high operational costs and intense market competition, small players will choose to either exit the industry or be merged by larger players, contributing to growing industry concentration.
Biggest companies in the Car Repair Services in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
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.
Products & Services Segmentation
Car Repair Services in China
Products & Services
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.
Trends and Insights
Assembly repairs are the largest segment
- Assembly repairs refer to repairs of engine assemblies, frame assemblies, body assemblies, transmission assemblies (i.e. gearbox, power transfer case, clutch and brakes) and front and rear axle assemblies. These key parts have high wear-out rates and require extensive repair and maintenance services.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Automobile Manufacturing in China
- Auto Parts Manufacturing in China
- Auto & Parts Wholesaling in China
- Passenger Car Manufacturing in China
International industries
- Auto Mechanics in the US
- Car Body Shops in the US
- Oil Change Services in the US
- Auto Windshield Repair Services in the US
- Truck Repair in the US
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Automobile overhaulingAssembly repairsMinor repairsMaintenanceCompanies
Purchase this report to view all major companies in this industry.
Related Terms
PRIMARY REPAIR ENTERPRISESSECONDARY REPAIR ENTERPRISESTERTIARY REPAIR UNITSAUTOMOBILE OVERHAULINGASSEMBLY REPAIR4SPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The industry layout in the new energy vehicles is increasing. Rapid development of new energy vehicles provides a large development opportunity for the industry.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
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.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
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...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
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.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
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...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Government in China leads the industry development. There are multiple industry regulations guiding and standardizing the development of the Car Repair Services industry.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The industry profitability has decreased. Decreasing repair service prices for some luxury vehicles resulted from anti-monopoly activities and intensified market competition ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
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.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Car Repair Services industry in China in 2024?
The market size of the Car Repair Services industry in China is $109.4bn in 2024.
How many businesses are there in the Car Repair Services in China industry 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.
Has the Car Repair Services industry in China grown or declined over the past 5 years?
The market size of the Car Repair Services industry in China has been growing at a CAGR of 5.8 % between 2019 and 2024.
What is the forecast growth of the Car Repair Services industry in China over the next 5 years?
Over the next five years, the Car Repair Services industry in China is expected to grow.
What does the Car Repair Services in China include?
Automobile overhauling and Assembly repairs are part of the Car Repair Services industry.
How competitive is the Car Repair Services industry in China?
The level of competition is moderate and increasing in the Car Repair Services industry in China.
