Automotive aftermarket: a new 'blue ocean' of growth
The global automotive aftermarket has surpassed $1 trillion, with the Asia-Pacific region expected to become the largest regional market this year. In...
The global automotive aftermarket has surpassed $1 trillion, with the Asia-Pacific region expected to become the largest regional market this year. In China, vehicles older than seven years now account for over 50% of the fleet, driving demand for maintenance, upgrades, and replacement. China's Ministry of Commerce has issued a notice on measures to develop the aftermarket, including standardizing modifications and supporting RV camping.