The report is 72 pages long, for more important content and core views, please refer to the original report, and the full version can be obtained at the end of the article.
This report focuses on the size, growth drivers, competitive landscape and future development trends of China's automotive service market. The report highlights the importance of scale, efficiency and compounding in the automotive service market, and highlights Tuhu's strengths and future development opportunities as a platform model leader. At the same time, the report also provides a reference for the development of domestic auto service companies by benchmarking with the U.S. market.
1.Market size and growth drivers
China's auto service market is huge, with a market size of 124 trillion yuan, which is expected to remain at 9 in the next few years0% CAGR. The growth in vehicle ownership and age is the major driver of the market growth. Although China has become the world's largest automobile market, the number of passenger cars per 1,000 people is still low, and there is a lot of room for improvement.
2.Competitive landscape in the market
The market competition pattern is changing, the 4S store model is gradually shifting to the IAM model, and the O2O platform model is showing higher efficiency and gradually increasing market share. **Factors such as relatively low store density, and an increase in the proportion of IAM make the IAM model more competitive. At the same time, the platform chain model is empowered by the Internet on the basis of IAM, and has higher efficiency in terms of first-chain management, store management and user management, and it is expected that the market share will continue to increase in the future.
3.Tuhu business model
As a leading enterprise in the platform model, Tuhu's business model is mainly reflected in three aspects: scale, efficiency and compound interest. The scale effect is reflected in the number of stores, service models and users; Efficiency is achieved through online and offline operations, with a comprehensive support system developed online, and channel levels reduced offline, and ** chain and store management strengthened. Compound interest is reflected in the longer the store is in operation, the more users it accumulates, and the higher the same-store revenue. This model makes the company's business show a trend of low-frequency to high-frequency, low-threshold to high-threshold, and low-gross profit to high gross profit, and is expected to further increase market share and profitability in the future.
4.Overseas benchmarking
China's auto service market is closer to the U.S. market, and Orly, a leading U.S. auto parts listed company, has achieved long-term steady growth through store expansion, mergers and acquisitions, and buybacks, and has anti-cyclical characteristics. This provides a reference and reference for the development of domestic auto service enterprises.
5.Investment outlook
According to the report, China's auto service track has long-term stable growth prospects, and the platform model will be more competitive as a more efficient business model. As a leading platform model in China, Tuhu will fully benefit and is expected to continue to increase its market share and profitability. Therefore, investors should be bullish on the long-term development prospects of China's auto service market.
Due to space limitations, only part of the report will be displayed, so please pay attention to the Wildlife Research Society and obtain the full report.
Disclaimer: This platform only does the collection and sharing of content, the copyright of the report belongs to the original writing and publishing agency, collected and sorted by the Wild Research Society, if it involves infringement, please contact us to delete; If you have any doubts about the content of the report, please contact the author or publisher.