Anhui Xiayang Motor Vehicle Inspection Co Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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China s car ownership showed the CAGR of 12.9% during 2012-2019 and it is estimated to reach 272.13 million units in 2020 with a year-on-year spike of 7.2%, invigorating the motor vehicle inspection market and with a demanding on higher motor vehicle inspection capabilities.
In recent years, regulatory authorities including the Ministry of Public Security and the Ministry of Environmental Protection have intensified their efforts for vehicle inspection, fueling a boom in the Chinese vehicle inspection market. In 2019, China s vehicle inspection market size was estimated at RMB38.05 billion with a year-on-year spurt of 17.6%, of which vehicle inspection systems and vehicle inspection services contributed RMB4.743 billion and RMB33.31 billion respectively, surging by 24.5% and 16.7% on an annualized basis. The substantial growth of vehicle inspection systems was largely bolstered by product ren ....

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