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The Aftermarket Is Booming In China
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How the Aftermarket industry is going to grow 18.3% throughout 2014 in China.
FACT: The Chinese Aftermarket industry will grow 18.3% throughout 2014.
FACT: In 2009 China overtook the USA as the largest aftermarket industry, it’s still growing up to 20% year on year.
FACT: In 2012 the aftermarket industry was worth $33.9 billion, in 2015 it’s expected to double and generate sales of over $60 billion.
A Growth Market- In 2013, the sales volume of cars in China reached 21.9841 million units, up 13.89% year on year compared with 2.72% in 2011 and 4.15% in 2012.
- There is a higher gross margin in the automotive aftermarket and dealers are actively contributing to the accelerated growth of the aftermarket.
- In 2013, China's revenue in auto after-sales service sector accounted for 12% of the market, but it had a larger contribution to gross profit (above 45%).
AAITF China is where deals are made that could transform your business, giving you access to over 500,000 dedicated automotive aftermarket buyers. It plays host to 6,000 exhibitors over the course of the 3 days, making it the largest event of its kind not just in Asia, but worldwide!
There is already huge demand for space at the show. Brands from the US and Europe are perceived to be higher quality and therefore more aspirational in Asia. We firmly believe that overseas brands can thrive in the Chinese and Asian markets. Book now to secure you slice of this lucrative marketplace.
Email for further information: Michael.hodge@aaitf.com, or call the International sales team on +44 (0) 20 8846 2736.
Contact Information
- Direct Phone (Ext): 86-20-38219963
- Contact Person: Ms. Sisy Wu
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