Home > Automotive & Transportation > Europe E-commerce Automotive Aftermarket
Europe E-commerce Automotive Aftermarket size exceeded USD 20.3 billion in 2021 and is estimated to exhibit a CAGR of over 16.3% from 2022 to 2028. The industry shipments are likely to cross 2,052.7 million units by 2028, growing at above 16% CAGR. The region's burgeoning e-commerce business combined with rising e-commerce spending is boosting the regional industry growth.
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Increased adoption of smartphones and expanding internet access will significantly increase multi-channel & e-commerce purchasing. The introduction of direct consumer sales through internet channels is projected to have a long-term favorable impact on the distribution channel. In Europe, internet payment services are typically preferred by e-commerce shoppers. Melio, Bluesnap, 2CheckOut PayPal, Sofort Überweisung, Vapulus, ELV, cash on delivery, and RatePay are among the payment options that are pushing the move to an e-commerce distribution channel.
Report Coverage | Details |
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Base Year: | 2021 |
Market Size in 2021: | USD 20,289.9 Million |
Forecast Period: | 2022 to 2028 |
Forecast Period 2022 to 2028 CAGR: | 16.3% |
2028 Value Projection: | USD 58,530.1 Million |
Historical Data for: | 2018 to 2021 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 333 |
Segments covered: | E-commerce Retail, Parts, Consumer |
Growth Drivers: |
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Pitfalls & Challenges: |
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Some of the key industry players in the region are Tesco, Amazon, and Carrefour. Inconsistent cash flow has affected small & medium-sized enterprises. A sufficient cash supply is essential for business operations. Intermediaries are now stepping in to help sellers receive early remittance for fund transfers, which ensures that the money being placed in the vendor's account as soon as the shipment is delivered, allowing small businesses to continue operating.
As the region develops, those who provide seamless & gratifying customer experiences will win the future of automotive e-commerce; small sellers are swiftly catching up to maintain the e-commerce industry competitiveness with the help of third-party logistics aggregators.
Furthermore, a simple checkout experience, quick product deliveries, and clear information about vendors & items are driving the market demand. Customers are willing to pay a premium for expedited delivery. European corporations are putting resources into the region to capture the fast-expanding e-commerce industry. However, the key factors limiting the e-commerce automotive aftermarket growth are cyber security threats and inaccurate product deliveries.
The direct to customer segment is set to account for nearly USD 3 billion by 2028 primarily owing to significant opportunities provided by regional companies to establish strong brand recognition among their customers. The reliability and assurance of high-quality automotive products as well as improved communication with manufacturing companies have resulted in significant growth. The Direct to customer segment also provides custom-made auto parts based on client specifications to suit specific applications, further propelling the e-commerce sector demand.
The Europe e-commerce automotive aftermarket from replacement parts segment is predicted to cross around USD 40 billion by 2028 led by an increasing demand for automobiles. This segment consists of various parts such as universal joints, braking, steering & suspension, hub assemblies, filters, tires, gaskets, lighting, spark plugs, and wipers. The braking part expanded at a healthy rate due to a rise in concerns about safety, thereby resulting in a number of regulatory standards setting out strategies & guidelines for automobile stability. The demand and requirement for electric vehicles are also linked to the development of the automotive brake system.
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The B to big B consumer segment in Europe will generate a demand for above 190 million units by 2028. Companies in the network distribute aftermarket car parts to tier 1 distributors & dealers. Tier 1 distributors make large-scale internet purchases and supply OEMs with components and equipment, thereby creating regional demand. To increase their profit margins, auto component makers are significantly switching to online portals.
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Germany e-commerce automotive aftermarket is poised to register about 16% gains through 2028. The country has the necessary infrastructure to support e-commerce in the automotive industry owing to rising hybrid & electric vehicle sales in recent years. Customers are shifting from conventional to electric vehicles as a result of strict government regulations that require low gas emissions. In addition, rising accidental repairs, increasing ageing vehicles, and rising wear & tear repairs are all expected to drive the industry statistics.
The Europe e-commerce automotive aftermarket players are creating strategic relationships and negotiating new commercial deals with e-commerce platforms. Prominent industry leaders include Robert Bosch GmbH, Amazon.com, Alibaba.com, AutoZone, eBay Inc., Denso Corporation, and RockAuto, LLC.
In June 2021 Adevinta acquired eBay Classifieds Group. This acquisition resulted in the creation of a global leader that will serve a large portion of the region's population. Adevinta presently has a diverse portfolio of classifieds platforms in a variety of geographies and verticals including the Netherlands, Germany, Spain, France, Canada, and Brazil. Adevinta will be able to augment innovations in products & services for providing more value to its users and clients as well as take advantage of the global online classifieds industry's ongoing consolidation.
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Market, By E-commerce Retail
Market, By Parts
Market, By Consumer
The above information is provided on a country basis for the following: