E-Commerce Automotive Aftermarket Size By E-Commerce Retail (Third Party Retailers, Direct To Customer), By Product (Parts [Braking {Brake Pads, Hydraulics & Hardware, Rotor & Drum}, Steering & Suspension {Control Arms, Ball Joints, Tie Rods, Sway Bar Links, Bushings, Bearings/Seals, Coil Springs}, Hub Assemblies, Universal Joints, Gaskets, Wipers, Filters, Lighting, Spark Plug, Tires], Accessories [Interiors, Exteriors]), By Consumer (B2C, B To Big B, B To Small B), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jul 2021  |  Report ID: GMI2382  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 440   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

E-commerce Automotive aftermarket size valued at USD 57.68 billion in 2020 and is estimated to exhibit over 15.9% CAGR from 2021 to 2027. The market shipments are expected to surpass 5,369,320.8 thousand units by 2027, growing at 15.7% growth rate. Development in effective supply chain management that focuses on the timely delivery of products and secures payment mode options is positively influencing the industry expansion.
 

E-commerce Automotive aftermarket

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Low operation cost is a considerable key factor driving the product development in the DIY segment. The growing consumer awareness of online upkeep tutorials is influencing the market growth positively. Additionally, the easy availability of replacement parts accompanied by easy operations, such as changing oil, tires, and mirrors with minimum requirement for tools, is boosting the DIY sales outlet market size. Furthermore, easy surfing of the products and discounts & cost-savings offered compared to conventional methods will fuel the industry demand.
 

E-Commerce Automotive Aftermarket Report Coverage
Report Coverage Details
Base Year:2020
Market Size in 2020:57.68 Billion (USD)
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:15.9%
2027 Value Projection:143.18 Billion (USD)
Historical Data for:2017 to 2020
No. of Pages:440
Tables, Charts & Figures:340
Segments covered:E-commerce Retail, Product, Consumer and Region
Growth Drivers:
  • Increasing e-commerce platforms and acquisitions
  • Growth in e-commerce spending
  • Shifting trend toward brick & click business model
  • Increasing automotive production and presence of auto players
  • Increasing average vehicle age
  • Shifting trend toward digitalization
Pitfalls & Challenges:
  • Cybersecurity challenges
  • Proliferation of counterfeit parts

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The rising e-commerce players in the market is likely to spur the market growth

Industry players are offering products in stock, same-day delivery, and pick up from offline stores, fueling the industry growth. Participants are also offering discounts to customers on bulk buying of products. For instance, Amazon is reducing prices to improve the sales of the automotive products. Small retailers are receiving higher profits owing to decreased price of the product and increased affordability. Moreover, standard fitment of the product to the vehicles due to the original standard and quality of parts will further enhance the product demand.
 

Faster replacement rates will promote the B2C market

E-commerce Automotive Aftermarket, By Consumer

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In 2020, the B2C segment generated around USD 35 billion in e-commerce automotive aftermarket on account of rising consumer awareness on periodic maintenance, convenience, and additional services. Shifting consumer preference toward DIY for replacement and maintenance activity in developed regions including Europe and North America is supporting the revenue generation. An increasing consumer awareness on technical specifications & benefits over alternatives will augment the B2C segment demand. Furthermore, improved information brochures and manuals provided by manufacturers will further support the B2C penetration.
 

Third -party retailers’ segment to hold a major share

E-commerce Automotive Aftermarket , By E-commerce Retail

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Third-party retailers is predicted to capture more than 95% of the e-commerce automotive aftermarket share by 2027. Growing emergence of e-tailers, including, Amazon, Pep Boys and eBay has enhanced the segment growth. Factors including faster delivery, fiscal benefits including EMI, and the ability to compare product specifications driving the industry demand. Rising investments from distributors towards e-commerce will positively influence the industry penetration in aftermarket.
 

Increase aging vehicle fleet will boost the growth of the automotive parts segment

Based on parts, the braking segment is poised to generate about USD 20 billion by 2027 propelled by the increasing demand for brake pads, hydraulics & hardware, and rotor & drums in aging vehicles. For instance, rotors require frequent replacement as they wear out quickly. However, the rising trend of lightweight automotive production has led to the installation of thinner & lighter brake parts by OEMs, which will provide a strong business outlook.  
 

The automotive aftermarket witnessed an upsurge in online transactions during the pandemic. People have opted for online channels for the repair & maintenance of their vehicles, since automotive workshops and garages are closed or limited owing to Covid-19. The trend of the online shopping is still accelerating in 2021 with customers buying online at a record rate, which will drive the aftermarket growth beyond 2020.
 

North America to hold a substantial share led by the presence of a large aftermarket industry

North America is estimated to account for around 30% of the e-commerce automotive aftermarket revenue share by 2027. Increasing DIY penetration in the region is augmenting the industry growth. The business model has already matured in the region impelled by the presence of many markets. Aging vehicles and the trend of customization and buying automotive parts through online channels will foster the industry growth. Participants focus on improving their profit margins with bulk manufacturing and achieving economies of scale. The development of ideal sales channel depending on customer requirements will further influence the business expansion in the region.
 

E-commerce automotive aftermarket industry to be highly consolidated

The industry is vastly consolidated with the top ten players of the market holding more than half of the global market. The increasing products offering, price transparency, and product comparison are among the key factors positively influencing the market share. The development of advanced channels offering superior logistics support and tie-ups with manufacturers are the key strategies implemented by industry players, further improving the inline retail segment.
 

Some of the key players of the industry are Advance Auto Parts, Alibaba Group, Amazon, Pep Boys, U.S. Auto Parts Network Inc, Sears, Arch Auto Parts, AutoZone, CARiD.com and U.S. Auto Parts Network, Inc, Sears, O’Reilly Auto Parts, and EbaY. Some of the key strategies adopted by these manufacturers are the expansion of inventory facilities and improving sales & distribution network and acquisition.
 

This E-commerce automotive aftermarket research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand Units and revenue in USD million from 2017 to 2027 for the following segments

By E-commerce Retail

  • Third Party Retailers
  • Direct To Customer

By Product

  • Parts
    • Braking
      • Brake Pads
      • Hydraulics & Hardware
      • Rotor & Drum
    • Steering And Suspension
      • Control Arms
      • Ball Joints
      • Tie Rods
      • Sway Bar Links
      • Bushings
      • Bearings/Seals
      • Coil Springs
    • Hub Assemblies
    • Universal Joints
    • Gaskets
    • Wipers
    • Filters
    • Lighting
    • Spark Plugs
    • Tires
    • Others
  • Accessories
    • Interiors
    • Exteriors

By Consumer

  • B2C
  • B to Big B
  • B To Small B

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Russia
    • Poland
    • Benelux
    • Nordics
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

The e-commerce automotive aftermarket share exceeded USD 57.68 billion in 2020 and will expand at a CAGR of 15.9% between 2021 and 2027.
B2C recorded a revenue of USD 35 billion in 2020 and will depict appreciable growth due to the surging consumer awareness on periodic maintenance, convenience, and additional services.
Third party retailers will capture over 95% of the market share through 2027 owing to the increasing emergence of e-tailers, comprising Pep Boys, Amazon, and eBay.
Braking will register a valuation of more than USD 20 billion through 2027 propelled by the surging demand for hydraulic & hardware, brake pads, and rotor & drums in aging vehicles.

Premium Report Details

  • Published Date: Jul 2021
  • Pages: 440
  • Tables: 329
  • Charts / Figures: 11
  • Companies covered: 18
  • Countries covered: 20

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