China’s Automotive Aftermarket: The $400B Giant Awakening – Why E-Mobility and Digitalization Are Reshaping the World’s Second-Largest Car Park
1. Market Overview & Sizing Total Addressable Market: China’s automotive aftermarket reached approximately RMB 1.9 trillion (USD ~$265 billion) in 2024, with projections to exceed RMB 2.5 trillion (USD ~$350 billion) by 2027. The market is growing at a CAGR of 8–10% (2024–2027), outpacing the global aftermarket average of 3–4%. Key Metrics (2024 baseline): Metric…