Current Situation of Chinese Automotive Modification Market

Time：2023-06-06 11:02:58 Browse：132℃

With the rapid development of automobile industry, the car modification market has also got unprecedented development. Now, more and more car owners start to pay attention to the performance and appearance of the car improvement, the car modification market is thus rising. In such a popular market, we can see more and more car modification shops spring up, and the competition is becoming more and more fierce.

China's vehicle modification market reached 280 billion yuan in 2019, up 16.2 percent year on year. In this huge market, the proportion of high-end products is also increasing year by year. In particular, the refitting demand of some luxury brands is increasing, and the growth rate is as high as more than 20%. It is worth noting that although the size of the vehicle modification market continues to expand, the phenomenon of illegal modification is gradually decreasing and standardized management is gradually advancing due to the restriction of policies and the strengthening of supervision.

Although the automotive modification market is promising, it also faces some challenges. On the one hand, policy restrictions and strengthened supervision have brought pressure to some non-standard and illegal enterprises, which are facing the dilemma of exiting the market or transforming and upgrading. On the other hand, the continuous progress of technology and innovation also put forward higher requirements for the technical strength and innovation level of automobile modification enterprises. Only by constantly improving the competitiveness of enterprises can they remain invincible in the fierce market competition.

In short, in the future market, China's car modification market will show more legal, professional, standard, intelligent, green characteristics. Only by advancing with The Times and constantly improving the competitiveness of enterprises, can we obtain greater development opportunities in the market.