Auto Parts Stores in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
6562Revenue
$71.1bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
222k
Businesses
9,717
Wages
$X.Xbn
Auto Parts Stores in China industry analysis
Revenue for the Auto Parts Stores industry in China is estimated to total $71.1 billion in 2023. This represents an increase of 3.7% for the year, and annualized growth of 1.8% over the past five years. Recent growth in the Automobile Manufacturing industry and rising number of automobiles in use in China has stimulated the industry's development over the past five years. The Auto Parts Stores industry in China does not generate large profits. Profit is expected to account for about 3.8% of industry revenue in 2023. There are about 30,387 auto parts stores in China employing 222,290 people with a payroll of $2.5 billion. Businesses in this industry include independent stores, auto parts trade centers, auto parts chain stores and joint purchase alliances. Establishments in this industry are mostly individual auto parts stores located in auto parts trade centers. Many chain stores are also located within auto parts trade centers. Some trade centers have also adopted chain operations to expand their presence.The industry is forecast to grow at an annualized 4.1% over the five years through 2028, to total $86.9 billion. China's automobile sector is expected to remain stable alongside consistent demand from vehicle markets. However, industry revenue growth is forecast to be still low as the industry matures and price competition limits revenue growth.As the market competition in the Auto Parts Stores in China are expected to get more and more intense, enterprises of large scale are likely to purchase smaller enterprises to expand market, reduce costs and improve their own strength. The number of enterprises is expected to decrease at an annualized rate of 2.5% over the next five years.New automobiles in major cities will enter the second-hand market in the near future. Aging automobile stock is expected to drive increasing demand for auto parts across China. In addition, automobile owners are expected to increasingly repair and maintain their automobiles in future years. The growing DIY (do-it-yourself) market is forecast to substantially increase demand for auto parts stores.
Trends and Insights
- Fast development of alternative-fuel vehicles provides development opportunity for the industry. Industry enterprises actively increase investment in the alternative-fuel auto parts business layout.
- There are many categories of auto parts. The industry products mainly include tires, automobile body components, electric parts and accessories, engine components, transmission system and components, and suspension and braking system components, etc.
- Industry operations are mainly concentrated in the economically developed regions. The East China, North China and Middle South China regions are expected to jointly account for 78.3% of industry revenue in 2023.
- The industry concentration level is low. The top four players in the industry are expected to have a joint market share of 6.0% in 2023.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated $71.1bn in 2024.
Trends and Insights
The industry enterprises have actively developed chain operation mode
- Many retailers adopted chain operations after 2003 to ensure sufficient capital supply and take advantage of advanced management, information and distribution systems. Auto parts chain stores typically target DIY customers. This business model shortens the distribution chain, provides cost advantages, effectively enlarges service coverage area and increase market share.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Multiple factors will stimulate the steady growth of the industry
- With continuous growth of China's GDP and consumers' per capita disposable income, market demand for automobiles and parts is expected to increase steadily over the next five years.
Biggest companies in the Auto Parts Stores in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Auto Parts Stores in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Tires, Automobile body components and Electronic parts and accessories. Tires is the largest segment of the Auto Parts Stores in China.
Trends and Insights
Rising number of automobiles in uses promotes demand for tires
- Tires are circular elastic rubber products that are rolled and grounded on various vehicles. Tires make up this industry's largest product segment, accounting for an expected 23.5% of industry revenue in 2023. This high level is due to tires being essential for all vehicles and the most easily worn out of all auto components. Pneumatic radial tires are typically sold in higher volumes than tire tubes.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Car Repair Services in China
- Car Dealers in China
International industries
- Auto Parts Stores in the US
- Tire Dealers in the US
- Online Automotive Parts & Accessories Sales in the US
- Heavy Duty Truck Parts Dealers in the US
- Auto Parts Stores in Canada
Table of Contents
About this industry
Industry definition
Auto parts stores in China retail automobile parts and accessories, including tires. Sales of automobile parts and accessories at the time of repair by automobile repair establishments are not included in this industry.
What's included in this industry?
TiresAutomobile body componentsElectronic parts and accessoriesEngine componentsTransmission system and componentsSuspension and braking system componentsOther automobile components and accessoriesCompanies
Purchase this report to view all major companies in this industry.
Related Terms
CHASSISORIGINAL EQUIPMENT (OE) PARTSDO-IT-YOURSELF (DIY) MARKETPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Fast development of alternative-fuel vehicles provides development opportunity for the industry. Industry enterprises actively increase investment in the alternative-fuel aut...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
There are many categories of auto parts. The industry products mainly include tires, automobile body components, electric parts and accessories, engine components, transmissi...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Industry operations are mainly concentrated in the economically developed regions. The East China, North China and Middle South China regions are expected to jointly account ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry concentration level is low. The top four players in the industry are expected to have a joint market share of 6.0% in 2023.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry major enterprises actively develop chain operation mode. Developing chain operation mode benefits industry enterprise to fast enlarge market coverage and shares.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Government in China leads the industry development. There are multiple industry regulations guiding and promoting the development of the Auto Parts Stores industry.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The industry profitability is low and in the decreasing trend. Profit is expected to account for about 3.8% of industry revenue in 2023 and will continue decreasing a little ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Auto Parts Stores industry in China in 2024?
The market size of the Auto Parts Stores industry in China is $71.1bn in 2024.
How many businesses are there in the Auto Parts Stores in China industry in 2024?
There are 9,717 businesses in the Auto Parts Stores industry in China, which has declined at a CAGR of 1.3 % between 2019 and 2024.
Has the Auto Parts Stores industry in China grown or declined over the past 5 years?
The market size of the Auto Parts Stores industry in China has been growing at a CAGR of 1.8 % between 2019 and 2024.
What is the forecast growth of the Auto Parts Stores industry in China over the next 5 years?
Over the next five years, the Auto Parts Stores industry in China is expected to grow.
What does the Auto Parts Stores in China include?
Tires and Automobile body components are part of the Auto Parts Stores industry.
How competitive is the Auto Parts Stores industry in China?
The level of competition is high and steady in the Auto Parts Stores industry in China.
