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China Car Modification Industry Report (2016-2021), Market Research & Investment Forecast

China Car Modification Industry Report (2016-2021), Market Research & Investment Forecast

Last Update:2016-10-09

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Over the next 5-10 years, Chinese car modification industry will usher in a period of rapid development. In 2012, output and sales volume of China car were 19,271,800 and 19,306,400 respectively, ranking first in the world for four consecutive years. From the horizontal comparison, China is the world's second largest automotive consumer after the U.S, but the scale of car modification market is less than 1/10 of the U.S. As a fast developing country, China’s car modification market has great potential.

Chinese car modification industry is in the naive period of the development cycle of the industry. There are higher risks and more investment incomes. Car modification is a cultural preference for automobile and is a pursuit of personality and fashion. Currently in developed countries, almost 80% of cars are after a certain degree of modification, including interior and exterior trim, operation performance and power performance, so as to better meet individual demands. There are several reasons hindering the development of China's car modification market: 1) relevant national policies and standards are not detailed, neither encourage nor support car modification; 2) car consumer market is still stuck in the function consumption, i.e. the car is a means of transport; 3) car modification technology is relatively backward and the cost is huge.

From the subdivided markets, currently car modification is mainly in saloon modification and racing-car modification. Second-hand car modification market is very promising. Development of limo modification is slow in China over the past few years. But Qianzhan estimates that China's future rich grassroots’ market demand for limo is obvious. From key regional markets, the current car modification is more popular in first-tier cities in China thanks to the more developed and mature consumer market. Car modification markets in Hong Kong, Macao and Taiwan regions are more developed. With the increased popularity of car ownership and car consumption, car modification markets in second-tier and third-tier cities in China will gradually grow and develop. In general, car modification market is still fragmented and the market concentration is not high. It is in a completely free market competition stage.

This report mainly analyzes the development environment of China's car modification market; development status of foreign car modification market and experience; outlook for China’s car modification market opportunities; development of Chinese car modification market; operation model of car modification market; operation of car modification market; operation of related companies of car modification market; investment and financing of car modification market and development prospects.Meanwhile, based on first-hand market data of the whole industry in the past five years, it can allow you to fully and accurately grasp market trends and development trends of car modification industry.

The greatest feature of this report is forward-looking and timeliness. By prospective analysis of much first-hand market research data, this report does in-depth and objective analysis of the overall market scale of China's current car modification market.Based on the development path and years of practical experience, it makes careful analysis and prediction of the future development trends of car modification industry. It is a rare quality for car modification market investment and construction companies, car modification market operators and car modification market management agencies to accurately understand the latest developments incar modification industry, grasp market opportunities, make the right business decisions and clear corporate directions.

During the writing process, the report is supported by the National Economic Information Center, the National Bureau of Statistics, the International Institute of Information, Ministry of Commerce of China, Tsinghua University Library, Market and Economy Research Institute of the State Council’s Development Research Center and other institutions. We express our special thanks!

Pls note: This report includes a lot of market data, especially enterprise ranking data. It is for business reference purposes only. We hope corporate advertising clients do not use for advertisement ranking comparison. Otherwise, all the consequences caused, Forward Business will not bear!

Qianzhan Industry Research Institute

Car Modification Industry Research Group

China Car Modification Industry Report " related reports »

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