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New analysis of the growing Chinese automotive aftermarket
New conditions provide fuel for rapid growth.
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The Boom of China's Automotive Aftermarket Is Imminent
China overtook the United States as the world’s largest automotive market in 2009 and has retained the crown since then. China’s automotive aftermarket industry value reached USD 118 billion in 2015 and it is expected to grow at 12.7% CAGR to reach USD 214 billion by 2020.
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Trends in China’s Automotive Component Manufacturing Industry
Market Drivers, Manufacturer Overview, and Intellectual Property Protection Issues
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Eco Cars and Key Developments Within the Global Auto Industry
Major automotive manufacturers have traditionally focused on developing high quality sophisticated vehicles for developed markets, which are reaching saturation point.