Professional 4S stores are attracting new growth to the industry.
San Francisco, CA (PRWEB) August 11, 2013
The Car Repair Services industry in China has been growing 12.2% annually over the past five years to about $7.3 billion in 2013. Industry growth has been the result of the surging number of registered vehicles, despite this reducing the average car age and number of miles driven, says IBISWorld.
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 units 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 such as car detailing, replacing tires and automobile paintwork. This industry mainly refers to primary enterprises, and excludes secondary and tertiary units.
In 2013, the combined market share of the top four Car Repair Services industry companies – Xianglong Borui Auto Services (Group), Sanhe Group, Changzhou Tourism Automobile Group, and Nanchong Kunhe Automobile Trading – is estimated at about 13.2% of industry revenue,says IBISWorld. Industry concentration has increased over the past five years, reflecting the expansion of large players through more 4S stores and chain operations.
For more information, visit IBISWorld’s Car Repair Services in China industry report page.
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IBISWorld Industry Report Key Topics
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.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.