[Prospective Analysis] Analysis on the Development of Global and Chinese Automobile Maintenance Industry from 2023 to 2028
DATE:  Jun 30 2023

Major listed companies in the industry: Dao Tong Technology (688208); Nanhua Instruments (300417); Delian Group (002666); Oriental Fashion (603377); Teri A(000025), etc.

Development of global auto repair industry

-- Steady Growth in Global Automotive Repair and Maintenance Market Size

Affected by the decline in global automobile production and sales, the global automobile repair and maintenance service market has grown relatively slowly. According to Maximize Market Research, the global automotive repair and maintenance services market will be $536.55 billion in 2021, with North America accounting for the largest share of the market. The global automotive repair and maintenance services market is expected to reach $566.9 billion billion in 2022.

Note: Data are for 2021.

-- MARKET VALUE OF PATENT: TOTAL PRICE NEARING $3.6 billion

At present, from the perspective of the distribution of patent market value in the global auto repair industry, the market value of most auto repair patents is between US $1 and US $30000, and the number of patents in the remaining value range is 6537, accounting for 34.18 of the total number of patents.%.

-- Top 10 Patent Applicants

Total and trend: Herli Global is far ahead

the TOP10 applicants for patent applications in the global automobile maintenance industry are heli global co., ltd., Robert bosch co., ltd., BMW co., ltd., 3M innovation co., ltd., Shenzhen daotong technology co., ltd., jiezhuo technology co., ltd., BASF Europe co., ltd., Shenzhen yuanzheng technology co., ltd., Shanghai zhihui electric appliance co. and Shenzhen wheelset data technology co.

Among them, Herli Global Co., Ltd. has the largest number of automobile maintenance patent applications, with 782 items. Robert Bosch GmbH ranked second with 145 patent applications for vehicle maintenance.

Analysis of the development of China's auto repair industry

-the largest proportion of the total number of three types of enterprises in the automotive maintenance industry

Automobile maintenance enterprises refer to economic entities engaged in automobile maintenance and repair production, and are the main force in the automobile aftermarket. According to the business characteristics of automobile maintenance enterprises can be divided into automobile 4S shop, independent repair shop, roadside individual auto repair shop, brand auto repair chain 4 types.

According to the national standard "Conditions for Opening of Automobile Maintenance Industry" (GB/T 16739.2-2014), the conditions for opening of automobile maintenance enterprises and automobile comprehensive minor repair and special maintenance enterprises have been stipulated respectively, and the automobile maintenance enterprises are divided into three types.

China's auto repair plant is divided into three categories of 1. 2. Among them, the first type of repair shop includes 4S shops authorized by automobile brands and some large-scale repair shops, accounting for 15%-20% of the total number of repair shops. The second type of repair shop includes repair service outlets set up by some 4S shops and repair shops with a certain scale and technical level, accounting for 25%-30% of the total. The three types of repair shops are smaller in scale, maintenance plants with low technical level account for more than 50% of the total.

-the level of competition in China's auto repair industry

Automobile maintenance refers to the professional repair services of automobile repair shops and roadside stores, including providing services such as oiling, inflating, waxing, polishing, painting, cleaning, changing spare parts, and selling spare parts for automobiles. It does not include the activities of returning automobiles to the factory for disassembly, modification and overhaul.

At present, the level of competition among market participants in the domestic auto repair industry from high to low is 4S stores, large chain auto repair companies and non-chain small auto repair companies.

-- Development Trend Forecast of Automobile Maintenance Industry

Driven by the "new four industrializations" of the automobile industry, many new market cooperation forms will be born in the automotive aftermarket. The "new four" of the automotive industry is electrification, intelligence, networking and sharing.

Electrification makes vehicles more electrified and future service needs more transparent. Maintenance service providers need to respond to the technical needs of electrification in advance. Intelligent and networked to promote the car life cycle data linkage, including travel data, diagnostic data and maintenance data, the efficient application of data will give birth to new service areas. Sharing promotes consumers' shared travel, and there will be more B- end customers in the future. The market demand has great potential for growth, creating new opportunities for third-party maintenance service providers.

For more research and analysis of this industry, please refer to the "China Automotive Maintenance Industry Market Operation and Investment Forecast Analysis Report" by the Prospective Industry Research Institute.

at the same time, the prospective industrial research institute also provides solutions such as industrial big data, industrial research report, industrial planning, park planning, industrial investment promotion, industrial map, intelligent investment promotion system, industry status certificate, IPO consultation/feasibility study of investment raising, IPO working paper consultation, etc.

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