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Automotive E-Commerce Market Is Predicted To Grow At A CAGR Of 6.87 % By 2023

Automotive E-Commerce Market Is Predicted To Grow At A CAGR Of 6.87 % By 2023

Automotive E-Commerce Market Research Report – Global Forecast To 2023
Global Automotive E-Commerce Market Information By Product (Braking, Steering & Suspension, Universal Joints, Gaskets, Wipers, Filters, Lighting & Spark Plugs, Wheels and Tires) and Region – Forecast To 2023

Key Players of Automotive E-Commerce Market:

The key players of global automotive e-commerce market includes Amazon.com, Inc. (U.S.), Taobao (China), eBay Inc. (U.S.), Tmall.com (China), Alibaba Group Holding Limited (China), Wal-Mart Stores, Inc. (U.S.), Snapdeal (India) and JD.com, Inc. (China), Denso Corporation (Japan), and American Tire Distributors Holdings, Inc.(U.S.).

Market Highlights:

The global automotive e-commerce market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of automotive e-commerce market is influenced by the aging vehicle fleet, digitization of channels and interfaces, growth of global e-commerce industry and higher price transparency & greater diversity of parts. Identification of the damaged parts and installation of the parts that have been purchased online, are expected to hinder the growth of the automotive e-commerce market.

A large numbers of consumers are willing to take the next step, from evaluating vehicles online to buying them. The rise of B2C and B2B ecommerce framework for selling parts online has pushed traditional aftermarket stakeholders such as Original Equipment Manufacturers (OEM), distributors, Dealers are to establish more channels to improve the availability of parts, improve customer service and to bring transparency in the order tracking system. Moreover, increasing influence of digital transformation is reshaping the global automotive industry. Automotive aftermarket, the secondary market of the automotive industry is also experiencing this paradigm shift from traditional view, which will positively influence the automotive e-commerce growth.

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Market Research Analysis:

Displaying and managing large auto parts inventories can be overwhelming. More buyers are expecting the convenience and simplicity of ordering online as opposed to traditional catalogs. Various requirements, and numerous product specifications in automotive market, make it difficult for customers to estimate the cost of services or a product. The e-commerce platform helps to solve this problem by making it easy for customers to compare products and prices. Geographically, North America region is expected to grow rapidly in the global automotive e-commerce market. Numerous e-commerce players in North America are providing additional information and installation guides to customers to increase the number of do-it-yourself (DYI) customers. U.S. and Canada are the two leading markets in North America.

Scope of the Report:

This study provides an overview of the global automotive e-commerce market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive e-commerce market by its product and region.

By Product

  • Braking
  • Steering & Suspension
  • Universal Joints
  • Gaskets
  • Wipers
  • Filters
  • Lighting & Spark Plugs
  • Wheels
  • Tires

By Region

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

Brief TOC:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

Continue…

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