Automotive maintenance industry investment and financing scenery is no longer

According to the IT Orange database, the number and amount of financing in China's automotive maintenance industry peaked in 2015 and 2019, respectively, with 71 financing events*** in 2015, and a financing amount of 13.017 billion yuan*** in 2019. After 2015 China's auto repair industry hit a cold spell and the number of financing events gradually declined.From January to June 2023, 1 financing event occurred in China's auto repair industry, and the amount of financing was 0.5 billion yuan.

Note: 2023 data statistics time as of June 6, 2023, the same below.

Number of New Enterprises in the Automotive Repair Industry Declined

According to Enterprise Cat, the number of new registered enterprises in China's automotive repair industry showed a rising and then declining trend from 2013 to 2023. Since 2019, the number of new enterprises in China's automotive repair industry has declined year by year, and overall, the industry is hot with a clear downward trend.

Automotive repair industry stores into the plant units year-on-year downward trend is obvious

According to the F6 Automotive Technology Big Data Research Institute, the vast majority of stores into the plant units in 2022 declined year-on-year, and only 22.7% of stores into the plant units year-on-year positive growth; the rest of the stores into the plant units year-on-year were negative growth. Among them 5.9% of the stores into the factory units fell 80% year-on-year, there is a risk of closure.

Which, quick repair and warranty store polarization phenomenon is more obvious, quick repair and warranty store 24.7% of the stores into the factory units showed a positive growth trend; 8.1% of the quick repair and warranty store into the factory units declined by more than 80% year-on-year.

Automotive maintenance industry market size is growing steadily

Maintenance business is one of the "most rigid demand" and "relatively high consumption frequency" segments in the life cycle of consumers' cars. It is one of the industries with the most rigid demand and relatively high consumption frequency in the life cycle of consumer vehicles, and has a large industrial scale. According to the "2020 China Automotive Aftermarket White Paper" published by Deloitte, China's automotive maintenance and repair market will reach 1.42 trillion yuan in 2020, and is expected to reach 1.74 trillion yuan in 2025.

China's automotive maintenance industry market size from 0.66 trillion yuan in 2014 to 1.42 trillion yuan in 2020, with a compound annual growth rate of 13.8%; in the past two years, China's automotive maintenance industry is in the cold, and the growth rate of China's automotive maintenance industry market size in 2021-2022 has a clear downward trend. Preliminary statistics, the market size in 2022 will reach 1.66 trillion yuan.

More research and analysis of this industry is detailed in the Prospect Industry Research Institute "China's auto repair industry market operating conditions and investment forecast analysis report".