With nearly 290 million licensed drivers, China is poised to be the largest parts and repair market in the world within 10 years.
A July 20 Auto Care Association webinar will highlight the opportunities in a Chinese parts and repair market that’s estimated to hit $188 billion by 2020 with an average vehicle age of only seven years.
“The New Aftermarket Era: Opportunities Your Business Could be Missing in China” will take place at 10 a.m. Eastern time on July 20. Steven Ganster, a director at Solidiance, will describe the opportunities and what it takes to successfully play in the market.
“The window of opportunity is now while the market is still in a fluid state with a strong appetite for foreign brands, technology and business processes,” the Auto Care Association says. “In five years, the ante to enter the market will be costlier and with fewer openings. The market also poses many challenges [that] need to be understood and addressed.”
In the free webinar, Ganster will discuss these and other topics:
- What makes now the time to expand your business to China
- U.S. market comparisons and what the analysis reveals
- Planning and operational challenges that need to be addressed
- Key principles, including the most updated resources needed for success
Solidiance is an Asian-focused market-growth strategy firm with 13 offices across 12 countries in the region. Ganster has more than 30 years of international consulting experience in Asia.
To register, click here.