AcuteMarketReports.com has announced the addition of ” Outlook on Chinese and Global Automobile Aftermarket 2015-2020 ” Market Research Report to their Database.
Chinese automobile market is developing fast and the market size is growing fast in recent years, which the compound annual growth rate of automobile aftermarket exceeds 25%. Base on the statistics showed, national car ownership was 144.75 million by the end of 2014, which is 14.2% increase than previous year. The data shows the annual transaction volume of Chinese automobile aftermarket is about RMB 690 billion in 2014.
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Due to China’s current automobile industry structure and needs, the automobile rental, care & beauty, financial services, and other market segments are widely in need. AskCI predicts the proportion of the profits from aftermarket services will rise on automobile sellers’ book; estimates Chinese automobile aftermarket would achieve RMB 1,000 billion in 2016, and approach RMB 2,460 billion by the end of 2020.
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List of Figures:
Figure 1 Europe automobile sales channel
Figure 2 Japan automobile sales channel
Figure 3 Global automobile financial service development
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