E-Commerce Automotive Aftermarket Size - By E-Commerce Retail (Third Party Retailers, Direct To Customer), By Product (Parts, Accessories [Interiors, Exteriors]), By Consumer (B2C, B To Big B, B To Small B) & Forecast, 2023 – 2032

Industry Analysis

E-Commerce Automotive Aftermarket size surpassed USD 69 billion in 2022 and is anticipated to expand at 13.8% CAGR from 2023 to 2032. Continuous growth in the automotive industry and increase in consumer spending will escalate the industry demand.
 

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Increasing digitization, proliferating urbanization, shifting global population dynamics, and rapid expansion in the global connectivity are the prime factors positively influencing the business expansion. Data security and privacy along with secure payment platforms are the key areas of interest for the customers. Development of new business models, superior product options, and offering products of choice along with price comparison options are increasing the inclination toward e-commerce. In addition, the development in the effective supply chain management that focuses on the timely delivery of products and secures payment mode options will positively bolster the market growth.

Advancements in the IT industry offerings, such as data security and data handling packages, will improve the customer base. Increasing global awareness about e-commerce channels for buying automotive parts is fueling the e-commerce automotive aftermarket statistics.
 

Increasing maintenance costs, growth in motorists favoring web portals due to low product price and increasing prospects on cost-savings on the purchase price will further fuel the product demand. Furthermore, easy surfing of the products and discounts & cost-savings offered compared to conventional methods will further fuel the industry demand. Shifting consumer preferences toward vehicle customization along with options to select parts of their choice and the easy return policy will further garner the market revenues.
 

COVID-19 Impact

COVID-19 has substantially hampered the revenues of the majority of the sectors globally. The automotive aftermarket has witnessed a substantial drop in its revenue compared to the previous year. It can be ascribed to the restrictions on international travels & trades and restrictions imposed on the mobility of people to control the pandemic outburst. However, the offline companies have taken a significant hit as they are unable to cater to the demand.
 

E-Commerce Automotive Aftermarket Trends

North America, led by the U.S., will witness significant growth by 2032. Increasing competitiveness owing to the presence of a large number of industry leaders will positively influence the product growth. The key trend of the industry is the increasing ability to directly influence installers, end-users, and DIYers through the development of digital platforms to allow a connection between manufacturers and the customer base. An integration of the brick & click channel will offer direct avenues in developed markets, enabling suppliers to control the brand value and reduce the chances of counterfeit parts. The aftermarket for e-commerce automotive in APAC will foresee 7.1% growth by 2028
 

Product Segmentation

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E-commerce automotive aftermarket size by product was around 69 billion in 2022 and is expected to grow observer 13.8% growth rate. E-commerce platforms provide access to a broader range of automotive parts compared to traditional brick-and-mortar stores. Customers can find both OEM (Original Equipment Manufacturer) and aftermarket parts from various manufacturers, increasing their options and allowing them to choose the parts that best suit their needs. With advancements in technology, it has become easier to search for specific automotive parts online using part numbers or vehicle compatibility filters. This streamlined search process saves time and effort for customers, further driving the aftermarket parts demand for e-commerce automotive.
 

Consumer Segmentation

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Consumers have become more comfortable with online shopping across various industries including the automotive aftermarket. With the proliferation of e-commerce platforms and improved user experiences, customers are increasingly willing to make direct purchases online for automotive parts and accessories. B2BigB e-commerce platforms can offer cost savings for businesses in the automotive aftermarket. Through these platforms, businesses can access competitive pricing from manufacturers and suppliers, negotiate volume discounts, and reduce costs associated with intermediaries. This enables businesses to optimize their procurement expenses and improve their overall profitability.
 

E-Commerce Retail Segmentation

E-commerce automotive aftermarket revenue by third party retailers was USD 63 Billion in 2022. The emergence of online shops, such as Amazon, eBay, Pep Boys, and Rock Auto, has enhanced the segment growth. Factors including same-day delivery, fiscal benefits including EMI, and the availability to compare product specifications will be the key factors that drive demand. The rising preference for Do-It-Yourself (DIY) among consumers will drive the e-commerce aftermarket growth. High investments by e-retailers due to increasing consumer spending on online shopping will open new avenues for industry development. Regional expansion and collaborations are some of the key strategies adopted by market participants.
 

Regional Analysis

Europe E-commerce automotive aftermarket is estimated to amass USD 86 billion by 2032. Online retailers often offer competitive pricing due to reduced overhead costs compared to physical stores. They can source products directly from manufacturers or wholesalers, eliminating the need for intermediaries. As a result, customers can find better deals and discounts online, making e-commerce a cost-effective option for automotive aftermarket purchases, driving the demand in the region.
 

E-Commerce Automotive Aftermarket Industry Leaders

Some of the key companies operating in the industry’s competitive landscape are Advance Auto Parts Alibaba Group, Amazon Inc, Arch Auto Parts, eBay, Arch Auto Parts, Auto Anything, AutoZone, Bosch GmbH, Denso Corporation, Flipkart, CARiD.com among others.  These firms focus on strategic partnerships, new product launch & commercialization for market expansion.
 

Additionally, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the e-commerce automotive aftermarket. Amazon has expanded its presence in the automotive aftermarket industry, offering a wide range of automotive parts, accessories, and tools through its platform. CARiD is an e-commerce platform that specializes in automotive parts, accessories, and performance products. The company offers a comprehensive range of products, including exterior and interior accessories, performance parts, and car care products. AutoZone is one of the largest retailers of aftermarket automotive parts and accessories in the United States.
 

Industry News:

• In December 2018, Advance Auto Parts completed the rollout of the new MyAdvance website to cater to the evolving needs of professional customers.
   
• In February 2018, AutoZone opened a new store in Oregon, U.S., expanding its auto parts business across the region.
   
• In July 2021, Autoanything expanded the automotive part business owing to the rising product demand.
   
• In February 2022, Bosch acquired a 26% Stake in Autozilla, a company based in India, to improve the company's presence in the regional digital B2B auto parts aftermarket.
   

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 2018 to 2032 for the following segments:

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Market, By E-Commerce Retail

• Third party retailers
• Direct to customer

Market, 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
• Consumer
  • B2C
  • B To Big B
  • B To Small B

Market, By region

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