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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, 2022 - 2030

  • Report ID: GMI2382
  • Published Date: Sep 2022
  • Report Format: PDF

Industry Statistics

E-Commerce Automotive Aftermarket industry size exceeded USD 50 billion in 2021 and is projected to expand at a CAGR of over 14% from 2022 to 2030.
 

Rapid growth of online platforms, along with new acquisitions and takeovers in this domain will complement the industry outlook. The trend of online shopping has accelerated significantly in recent years, supported by the availability of high-speed internet and advanced logistics infrastructure. Higher internet penetration and growing use of smartphones will encourage the trend of multi-channel shopping or m-commerce.
 

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The emergence of the direct-to-consumer (D2C) business models on online platforms and an increase in rural internet users will have a positive impact on distribution channels in the long run. For instance, India is estimated to have more than 900 million users by 2025, and record over 500 million digital transactions in a span of 3 years. Consistent increase in disposable incomes across emerging economies will bolster the sale of vehicles and DIY trends, augmenting the demand for auto parts and accessories.
 

Cybersecurity threats will be a key factor restraining the e-commerce automotive aftermarket growth. The online boom has resulted in massive volumes of customer information with e-commerce firms, which is likely to escalate after the addition of more data by incremental services in the forthcoming period. Owing to the availability of large volumes of customer data, these retail spaces have become more susceptible to cyber-attacks and breaches.
 

Advancement in internet-based technologies has further enabled highly sophisticated online attacks. Moreover, increasing focus on mitigating the challenges associated with insufficient cybersecurity, and a need for robust network infrastructure will help industry to overcome these roadblocks.
 

Third-party retailers remain predominant owing with the rise of online shops

The third-party retailers segment is anticipated to account for over 90% of e-commerce automotive aftermarket share by 2030, driven by the emergence of online stores and platforms such as eBay, Rock Auto, Amazon, and Pep Boys. The businesses can offer new product offerings, user-friendly interface, and customer-centric business models including fiscal benefits, same-day delivery and EMI options.
 

Advent of advanced mobility solutions to boost product demand

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The automotive parts segment crossed USD 40 billion revenue in 2021. Vehicles parts are expected to record substantial demand across online platforms due to increasing consumer preference for performance vehicles and next-generation mobility systems. The demand for steering and suspension parts is especially high across countries like the U.S., Brazil, China, India, and Mexico. Growing consumer awareness, high disposable income, and requirement for improved power and acceleration in vehicles will fuel consumer inclination toward customized vehicles, and parts for luxury & sports cars.
 

Rising availability of low-cost products across the B2C e-commerce platforms

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The business-to-consumer (B2C) segment in the e-commerce automotive aftermarket is poised to reach USD 120 billion by 2030, led by increasing preference for online shopping of automobile parts. Factors like availability of affordable auto parts on these platforms compared to brick-and-mortar stores will propel the segment potential. Some of the prominent factors that will strengthen B2C aftermarket sales include the development of technologically advanced products, faster troubleshooting of customer queries, and affordable pricing models.
 

Favorable online shopping trends in the Europe

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European e-commerce automotive aftermarket size is predicted to attain growth rate of over 14% between 2022 and 2030. New developments in e-commerce infrastructure will offer a considerable foster to the regional market in terms of revenue generation. There is a dynamic shift observed in customer preference for online shopping of automotive parts across EU countries, as a result of economical pricing and availability of product varieties. It has reinforced business prospects for automotive aftermarket suppliers and manufacturers. Advancements in electric vehicle technology will generate new opportunities for industry participants during the forecast timeframe.
 

Business acquisitions strategies to push the market development

Key players operating in the industry are Advance Auto Parts, Alibaba Group, Arch Auto Parts, Amazon, AutoAnything, AutoZone, Bosch, Carid.com, Denso Corporation, EbaY, Flipkart, JC Whitney, NAPA Auto Parts, O’Reilly Auto Parts, Pep Boys, RockAuto, Sears, Tire Rack.com, and U.S Auto Parts Network, Inc. Companies are addressing business challenges through innovation and collaborations with other participants.
 

Impact of COVID-19 on the automotive industry

The COVID-19 pandemic resulted in massive disruptions and led to a significant transformation of the automotive sector. The outbreak affected several aspects of the automotive landscape including manufacturing and sales tire, auto parts & accessories. Lockdown imposition and social distancing rules caused a sudden decline in vehicle miles traveled, and customer foot traffic. These changes coupled with substantial economic fallout hampered the aftermarket demand during the peak pandemic phase.  It led to many aftermarket vehicle component OEMS and suppliers to shift to online platforms, for increasing consumer access to relevant products. A gradual expansion of the industry is expected to take place as the online trend continues in line with improved consumer access and DIY trends.
 

 

The 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 2018 to 2030, for the following segments:

Market Insights, By E-commerce Retail

  • Third Party Retailers
  • Direct To Customer

Market Insights, By Products

  • 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
    • Interior
    • Exterior

Market Insights, By Consumer

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

The above information has been provided for the following regions and countries:

Regional Analysis

  • 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

 

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Globally, the e-commerce automotive aftermarket size valued at USD 50 billion in 2021 and is anticipated to register a CAGR of over 14% between 2022-2030.
The third-party retailer segment is expected to account for over 94% of the market share by 2030, owing to the affordable offerings and discounts offered to customers.
The European market is projected to witness over 14% CAGR from 2022 to 2030, on account of increasing consumer preference for online purchases of auto parts.
Arch Auto Parts, AutoAnything, AutoZone, Bosch, Carid.com, Denso Corporation, eBay, Flipkart, JC Whitney, Pep Boys, RockAuto, Sears, and Tire Rack.com, are some of the leading players in industry.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 19
  • Tables & Figures: 492
  • Countries covered: 20
  • Pages: 402
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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