E Commerce Automotive Aftermarket Market - Global Industry Analysis

E-Commerce Automotive Aftermarket: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Automotive Report Format : PDF Report Code: ZMR-6707 Status : Upcoming

Description

Global E-Commerce Automotive Aftermarket: Overview

Aftermarket refers to the market, particularly for components, accessories, and spare parts of motor vehicles. The growing need for independent retailers to explore affordable automotive parts is offering an impetus to the aftermarket sale.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global E-Commerce Automotive Aftermarket: Growth Factors

Traditional retailers are willing to adopt e-commerce channels to scale up their revenue and offer improved products to customers. This trend of pure-play retailers to adopt e-commerce strategies to gain affordable parts is projected to augment the growth of the global e-commerce automotive aftermarket exponentially. In addition, the surging need for designing and customizing the automotive exteriors and interiors according to own interest is further creating several lucrative growth opportunities in the global e-commerce automotive aftermarket. Discretionary products like accessories and lighting are often purchased for personalized usages. This, in turn, reduces the complications associated with installation cost and speedy delivery, thereby lowering the chances of installing and choosing the wrong products. Such accessories are convenient to ship owing to their compact sizes, which in turn enable shoppers to use them in a DIY fashion. Also, development in supply chain management like secure payment and timely delivery is further positively influencing the market expansion. Surging awareness among people regarding keeping up with online tutorials for installations and maintenance tasks like changing oils is further outraging the conventional models. However, slowly and steadily, more automatic replacement parts are becoming available on the e-commerce platform. In addition, the ongoing technological advancements are further enabling e-commerce platforms to integrate advanced technologies like the internet of things and artificial intelligence to boost sales and also assist consumers in the buying process. However, the automotive aftermarket has seen a significant upsurge in online sales and purchases during the pandemic. People adopt online channels for the maintenance and repair of their vehicles owing to the fact that garages and automotive workshops were under lockdowns. However, this trend is likely to continue over the forecast period, which in turn will accelerate the growth of the global e-commerce automotive aftermarket manifolds. The growing number of e-commerce giants in the market is expected to augment the growth of the market exponentially as they offer attractive discounts on bulk buying. For instance, Amazon has lowered prices to enhance the sales of automotive products. In addition, the small retailers are enjoying the advantage of higher profits due to the low price of products along with high affordability.

Global E-Commerce Automotive Aftermarket: Segmentation

The global e-commerce automotive aftermarket can be segmented into end-user, product, e-commerce retail, and region.

By end-user, the market can be segmented into business to consumer, business to big businesses, and businesses to small businesses.

By product, the market can be segmented into accessories and parts.

The accessories segment can further be bifurcated into exteriors and interiors.

The parts segment can further be bifurcated into tires, spark plugs, lighting, filters, wipers, gaskets, universal hub, assemblies, steering & suspension, braking, and others. The braking product segment accounts for the largest share in the global e-commerce automotive aftermarket due to the growing demand for rotor & drums, hydraulics & hardware, and brake pads in the large number of aging vehicles. For instance, rotors need replacement frequently due to the fact that they wear out very soon. In addition, the demand for lightweight automatic protection has significantly led to the installation of lighter and thinner brake parts by manufacturers, which is likely to offer a strong business outlook.

By e-commerce, the market can be segmented into direct to customers and third-party retailers. The third-party retailer accounts for the largest share in the global e-commerce automotive aftermarket due to the advent of retailers, including eBay, Pep Boys, and Amazon. Also, the features like EMI, fast delivery, and easy comparison of product specifications are further driving the growth of the segment.

Global E-Commerce Automotive Aftermarket: Regional analysis

North America accounts for the largest share in the global e-commerce automotive aftermarket due to the growing DIY penetration in the region. Also, the growing number of aging vehicles along with the need for customization is further augmenting the growth of the regional market. However, the growing buying of automotive parts through online channels is likely to significantly escalate the growth of the regional market in the forthcoming years.

Global E-Commerce Automotive Aftermarket: Competitive Players

Some of the significant players in the global e-commerce automotive aftermarket are U.S. Auto Parts Network, Inc., RockAuto, LLC, O’Reilly Auto Parts, Pep Boys, NAPA Auto Parts, Sears, Flipkart Private Limited, Ebay Inc., CARiD, AutoZone Inc., Amazon.com, Inc., Amazon.com, Alibaba Group Holding Limited, Arch Auto Parts, and Advance Auto Parts, Inc.

Global E-Commerce Automotive Aftermarket: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Traditional retailers are willing to adopt e-commerce channels to scale up their revenue and offer improved products to customers. This trend of pure-play retailers to adopt e-commerce strategies to gain affordable parts is projected to augment the growth of the global e-commerce automotive aftermarket exponentially.

Some of the significant players in the global e-commerce automotive aftermarket are U.S. Auto Parts Network, Inc., RockAuto, LLC, O’Reilly Auto Parts, Pep Boys, NAPA Auto Parts, Sears, Flipkart Private Limited, Ebay Inc., CARiD, AutoZone Inc., Amazon.com, Inc., Amazon.com, Alibaba Group Holding Limited, Arch Auto Parts, and Advance Auto Parts, Inc.

North America accounts for the largest share in the global e-commerce automotive aftermarket due to the growing DIY penetration in the region. Also, the growing number of aging vehicles along with the need for customization is further augmenting the growth of the regional market.

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