E-commerce Automotive Aftermarket Industry Size to hit $30bn by 2025

E-commerce Automotive Aftermarket Industry size is estimated to exceed USD 30 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Increasing vehicle service life is escalating the demand for maintenance and services. In 2017, in Canada, over 50% vehicles serve a life of 15 years as compared to around 33% in 2007. The vehicles undergo continuous wear and tear during lifespan. The automotive service providers and consumers are shifting towards online platforms owing to higher accessibility and visibility. The industry participants are proving year-round services to attract consumers, thereby driving the e-commerce automotive aftermarket size.

 

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Rising per capita income across the globe is proliferating the automobile demand. Increased traffic density on road has led to rising accidents risk. Technology upgrades in vehicle is promoting the replacement of traditional components. This is supported by evolution in emerging market that promote the production of wholesale aftermarket products.

China E-commerce Automotive Aftermarket, By Consumer, 2017 & 2025, (USD Million)
E-commerce Automotive Aftermarket

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Economic development in emerging and developed nations is leading to increase in commodity transportation. This is predicted to enhance the industry size during the forecast period. Increasing access to internet services, penetration of smartphones, and economical products have enhanced customer preference towards online platforms. This is anticipated to propel the e-commerce automotive aftermarket industry share over the forecast period.
 

Lack of internet facility in undeveloped nations will restrict the industry growth. Data theft and limited awareness regarding the facilities will hamper the service demand. E-commerce industry participants for are investing to develop the infrastructure that will provide better internet facility.
 

Browse key industry insights spread across 400 pages with 613 market data tables & 11 figures & charts from the report, “E-commerce Automotive Aftermarket Size By E-Commerce Retail (Third Party Retailers, Direct To Customer), By 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), By Consumer (B2C, B to Big B, B to Small B), Industry Analysis Report, Regional Outlook (U.S., Canada, France, Germany, Poland, UK, Spain, Russia, Benelux, Nordics, China, India, Japan, South Korea, Mexico, Argentina, Brazil, KSA, South Africa, UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/e-commerce-automotive-aftermarket

 

Direct to consumer e-commerce automotive aftermarket industry will foresee strong growth with increasing strategic collaborations between suppliers and OEMs. Tier 3 companies are partnering with the Tier 1 & 2 companies to strengthen the industry value chain. It enables the companies to expand geographic scope and scale. Moreover, it allows industry players to innovate as per the customer feedback and requirement.
 

Filters will witness substantial growth owing to scheduled replacement and maintenance requirement of the components. Automotive parts requiring servicing after fixed interval will garner significant demand. Increasing preferences towards self-replacement of the components requiring lower expertise to reduce servicing time and cost will drive the segment penetration over the study timeframe.
 

Big to small segment holds significant share in the e-commerce automotive aftermarket share with rising demand from suppliers located near the end users. The suppliers are opting for the e-commerce to reduce the logistics cost and reduce the inventory holding cost. Inventory forms a significant part of the operation cost and its reduction enhances the profitability. B2C segment will witness significant growth owing to cost-effectiveness as compared to conventional stores.
 

Asia Pacific will witness strong growth over the study timeframe with expanding aftermarket. Increasing vehicle sales in the region is escalating the demand for vehicle and component service and replacement. Increasing smartphone penetration with improving economic conditions in emerging nations such as India will drive the industry growth. For instance, according to the IBEF, in 2018, the online retail sales surged by over 30% as compared to 2017. Rising consumer preferences for the online retail will induce substantial growth potential in the industry size.
 

Major e-commerce automotive aftermarket industry players include Amazon, Auto Zone, Flipkart, AliExpress, CARiD, Pep Boys, Bosch, E-bay, Advance Auto Parts, Napa Auto Parts, O’Reilly Auto Parts, and Denso Corporation. Industry participants are expanding the product portfolio and undergoing regional expansion to strengthen the market foothold.
 

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The e-commerce automotive aftermarket research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million units and revenue in USD million from 2013 to 2025, for the following segments:

By Retail

  • Third Party Retailers
  • Direct to Customer

EBy 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

E-commerce Automotive Aftermarket, By Consumer

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

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

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

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