Global E-Commerce Automotive Aftermarket worth USD 295.10 Billion by 2033 | CAGR of 16.87%
Category: Automotive & TransportationGlobal E-Commerce Automotive Aftermarket worth USD 295.10 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global E-Commerce Automotive Aftermarket Size is Expected to Grow from USD 62.09 Billion in 2023 to USD 295.10 Billion by 2033, at a CAGR of 16.87% during the forecast period 2023-2033.
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Browse key industry insights spread across 266 pages with 110 Market data tables and figures & charts from the report on the "Global E-Commerce Automotive Aftermarket Size, Share, and COVID-19 Impact Analysis, By Replacement Part (Engine Parts, Transmission and Steering, Breaking System, Lighting, Electrical Parts, Suspension Systems, Wipers, and Others), By End Use (Business to Business, and Business to Customer), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/e-commerce-automotive-aftermarket
The automotive aftermarket e-commerce industry encompasses the sale of automotive accessories, components, and after-sale services for automobiles, including engine and car parts maintenance. In addition, eBay and Amazon are online marketplaces that provide a wide range of products, customer reviews, and car price comparisons. A significant number of OEMs (Original Equipment Manufacturers) sell cars directly to consumers. The growing popularity of online purchasing, the need for efficiency and convenience, and the expanding availability of internet access are some of the reasons driving the e-commerce automotive aftermarket industry. The industry is expanding due in part to the cheap pricing provided by e-commerce platforms and the availability of a large selection of automobile parts and accessories online. The ease that e-commerce provides to customers is one of the main factors propelling the automobile aftermarket. The emergence of specialized automobile parts websites and e-commerce behemoths like Amazon has further driven this market expansion. However, customers find it challenging to predict the cost of services or a product due to the automotive aftermarket industry's complex needs and multiple product specifications, which restricts market growth.
The transmission and steering segment is predicted to hold the highest market share through the forecast period.
Based on the replacement part, the e-commerce automotive aftermarket is classified into engine parts, transmission and steering, breaking system, lighting, electrical parts, suspension systems, wipers, and others. Among these, the transmission and steering segment is predicted to hold the highest market share through the forecast period. Customers can more easily locate compatible parts at low costs for steering and transmission due to the large selection of these parts offered by e-commerce platforms.
The business to customer segment is anticipated to hold the highest market share during the projected timeframe.
Based on the end use, the e-commerce automotive aftermarket is divided into business to business, and business-to-customer. Among these, the business to customer segment is anticipated to hold the highest market share during the projected timeframe. Car owners and other automotive aftermarket consumers are increasingly using Internet channels to buy maintenance supplies, accessories, and replacement parts in the business-to-customer sector.
North America is estimated to hold the largest share of the e-commerce automotive aftermarket over the forecast period.
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North America is estimated to hold the largest share of the e-commerce automotive aftermarket over the forecast period. Because online platforms offer competitive pricing, easy brand comparison, and the convenience of home delivery, consumers are increasingly using them to find these parts. The need for maintenance services and replacement parts is increased by the aging automotive fleet in the United States and Canada, where many vehicles are over ten years old.
Asia Pacific is predicted to grow at the highest CAGR growth in the e-commerce automotive aftermarket over the forecast period. The market in Asia-Pacific is expanding as a result of the continuous trend toward Do-It-Yourself (DIY) repairs, which are supported by online guides and readily available parts.
Major key players in the e-commerce automotive aftermarket include Texas Instruments, Garrett Motion., AutoNation, Inc., AutoZone Inc., CARiD.com, National Automotive Parts Association, Advance Auto Parts, Alibaba Group Holding Limited, eBay Inc., O’Reilly Auto Parts, Amazon.com, Inc., Flipkart.com, RockAuto, LLC, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In October 2023, AutoNation, Inc., America's most admired auto retailer, launched AutoNationParts.com, a new eCommerce website that allows customers to buy premium car parts and accessories at affordable prices and have them delivered right to their homes.
Market Segment
- This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the E-commerce automotive aftermarket based on the below-mentioned segments:
Global E-Commerce Automotive Aftermarket, By Replacement Part
- Engine Parts
- Transmission and Steering
- Breaking System
- Lighting
- Electrical Parts
- Suspension Systems
- Wipers
- Others
Global E-Commerce Automotive Aftermarket, By End Use
- Business to Business
- Business to Customer
Global E-Commerce Automotive Aftermarket, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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