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How is China’s auto parts market, is it saturated?

Blog 3年前 (2021-08-21) 409 Views
As of the end of 2014, my country’s car ownership exceeded 150 million (including 105 million private cars), and an average of more than 20 million new cars and more than 5 million second-hand cars were added every year. This trend has been the same in the past 5 years. It will continue to grow in 5 years or even longer.

How is China's auto parts market, is it saturated?

137 million vehicles as of the end of 2014CarThe cars are more than 3.23 years old, and these cars are repaired 330 million times a year. This year, 54% of the cars will exceed the warranty period. If there is a problem, you will have to pay for the repair.

The country is currently large and smallAuto partsAccording to the statistics of the city, there are more than 600 (the actual number should be more than 1,000). A store in a relatively large-scale auto parts city can generate 10 million sales a year, and the national auto parts scale is about 500-600 billion per year. The scale.

How is China's auto parts market, is it saturated?

In the United States, there are many companies that have been operating auto parts for more than 50 years (such as Oreilly Auto), and there are nearly 100 years (such as JC Whiteney), and many companies (such as NAPA) have more than 4,000 auto parts supermarket chains (Suning There are about 1,600 stores across the country), their auto parts market (and auto aftermarket) is at least 30 years ahead of us, and they are far from being saturated.

Obviously not. The number of cars per capita in China has rapidly increased to 0.15 cars per person, which means that there are at least 3 cars among 20 people. This number is only a conservative estimate. It is impossible for a car to only need one kind of auto parts, so the corresponding market can be imagined. Moreover, with the numerous auto brands nowadays, the corresponding requirements for auto parts are also diverse. Imported auto parts, freight forwarders have been doing it all the time.

The current crux of the domestic auto parts market is still mixed. There are already several B2B auto parts companies that have raised more than 100 million yuan. In the future, there will definitely be large companies and new business opportunities in this field. At least they are 100 million. Chinese people's demand for travel is the foundation to support the rapid development of the vehicle market. There are more than one billion people, and China will continue to develop rapidly in the next few decades, and the demand for upgraded consumer demand for urbanization, improvement of life, and quality improvement will become stronger. Work hard, Sao Nian!

From the perspective of supply, whether it is upstream auto parts dealers, midstream dealers, and downstream repair shops, there is an oversupply.

Nobody's life is easy. On the surface, the post-trillion-dollar market has a large capacity, but the supply is larger, and there is a large amount of repeated low-end manufacturing, trade, and quick repair and quick guarantee.

However, high-quality products and services are still lacking, which is why 4S stores still have a large market share so far.