ZHAOWEI Drive System Solution for the Car Lifting Speaker
With the expansion of the car ownership base and the increase in the average age of cars, new car sales are slowing down. Traditional car manufacturers' gross profit is being impacted, and the industry value chain of the automotive industry is gradually shifting to the automotive aftermarket. According to McKinsey's forecast, the global automotive aftermarket will grow at a compound annual growth rate of 3% in the coming years, and is expected to reach USD 1170 billion by the year of 2030.