NEWS INFORMATION
NEWS
INFORMATION
2024-03-22 12:16:00
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From 2025 to 2026, China’s automotive repair tools market is undergoing structural transformation. Data shows that the market size reached 28.7 billion yuan in 2024, representing a year-over-year increase of 9.3%. It is projected to exceed 31.5 billion yuan by 2026 and is expected to reach 52 billion yuan by 2030, with a stable compound annual growth rate (CAGR) of approximately **10.8%**.
The core driver of this growth stems from the widespread adoption of new energy vehicles. In 2024, the market size for new energy vehicle-specific tools (such as high-voltage insulation equipment, battery pack installation and removal tools, and BMS diagnostic instruments) reached 2.15 billion yuan, surging 34.2% year-over-year. Meanwhile, the penetration rate of smart diagnostic equipment and digital tools is rapidly increasing. High-end tools equipped with AI assistance, IoT connectivity, and data transmission capabilities are becoming mainstream, compelling traditional tool manufacturers to accelerate their digital transformation.