Press release
Automotive Aftermarket in E-commerce By Product, Application, Growth Potential & Forecast, 2018 – 2025
E-commerce automotive aftermarket is likely to generate a demand of more than 1 billion units by 2025. Rising vehicle age, especially in developed countries across the globe along with shifting preference of customers towards online shopping will essentially drive the industry growth. Increasing vehicle customizations and continuous change in consumer style preferences will further escalate the industry revenue generation.
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Online platforms have gained traction among the e-commerce automotive aftermarket participants for launching their product portfolio. The component manufacturers are continuously launching their products online via third party retailers including eBay and Amazon, or through their own channel. However, easy counterfeiting due to lack of efficient standardization of these e-commerce platforms may hamper the industry growth over the coming years.
Continuously increasing production of hybrid and electric vehicles around the globe has resulted in high complexity of intricate vehicle parts. This has led to a considerable rise in the number of Do-It-For-Me customers that has further resulted in high production. The industry participants are focused on expanding their distribution channel via e-commerce platforms to fulfil rising demand of the customers. This is anticipated to further induce immense potential to e-commerce automotive aftermarket till 2025.
Third-party retailers will capture maximum revenue share in e-commerce automotive aftermarket crossing USD 29 billion by 2025. Increasing popularity of retailers such as Amazon, eBay, etc. will drive the industry growth. The revenue generation can also be credited to the provision of distinct services. Moreover, advantages such as same day delivery will further contribute to the industry dominance over the forecast timeframe.
E-commerce automotive aftermarket from direct to customer will witness growth at around 21% from 2018 to 2025 owing to provision of appropriate service facilities and high brand loyalty of customers. For instance, Bosch has expanded its product portfolio on its own online platform for strengthening their presence in the industry.
B2C will dominate the e-commerce automotive aftermarket, surpassing USD 13 billion by 2025. Shifting consumer preference towards purchasing of auto-components online will drive the industry growth. This shifting preference can be attributed to provision of benefits such as advanced products and rapid query solving. Moreover, cost effectiveness of these online portals as compared to conventional brick-and-mortar stores is another factor that will positively impact the industry growth.
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North America e-commerce automotive aftermarket is likely to grow significantly, exhibiting around 17% CAGR over the forecast timespan. Well established internet infrastructure along with presence of leading e-commerce participants including Amazon across the region will primarily contribute towards high growth. Asia Pacific will capture significant revenue share surpassing USD 9 billion till 2025 owing to substantial automobile sales along with strengthening internet penetration across the region.
Denso Corporation, Napa Auto Parts, Hella Group, eBay, Amazon, Advance Auto Parts, and Auto Zone are among the notable players in the e-commerce automotive aftermarket. Collaborations and partnerships with online aftermarket participants are the strategies implemented by the competitors to strengthen their foothold. For instance, in 2016, Hella group announced its collaboration with iParts.pl, an online supplier of auto parts for expanding its product line.
Chapter 4. E-commerce Automotive Aftermarket Market, By E-commerce Retail
4.1. Global e-commerce automotive aftermarket market share by e-commerce retail, 2017 & 2025
4.2. Third party retailers
4.2.1. Global market estimates and forecasts, 2013 – 2025
4.2.2. Market estimates and forecast, by region, 2013 – 2025
4.3. Direct to customer
4.3.1. Global market estimates and forecasts, 2013 – 2025
4.3.2. Market estimates and forecast, by region, 2013 – 2025
Chapter 5. E-commerce Automotive Aftermarket Market, By Parts
5.1. Global e-commerce automotive aftermarket market share by parts, 2017 & 2025
5.2. Braking
5.2.1. Global market estimates and forecasts, 2013 – 2025
5.2.2. Market estimates and forecast, by region, 2013 – 2025
5.2.3. Brake pads
5.2.3.1. Global market estimates and forecasts, 2013 – 2025
5.2.3.2. Market estimates and forecast, by region, 2013 – 2025
5.2.4. Hydraulics and hardware
5.2.4.1. Global market estimates and forecasts, 2013 – 2025
5.2.4.2. Market estimates and forecast, by region, 2013 – 2025
5.2.5. Rotor and drum
5.2.5.1. Global market estimates and forecasts, 2013 – 2025
5.2.5.2. Market estimates and forecast, by region, 2013 – 2025
5.3. Steering and suspension
5.3.1.1. Global market estimates and forecasts, 2013 – 2025
5.3.1.2. Market estimates and forecast, by region, 2013 – 2025
5.3.2. Control arms
5.3.2.1. Global market estimates and forecasts, 2013 – 2025
5.3.2.2. Market estimates and forecast, by region, 2013 – 2025
5.3.3. Ball joints
5.3.3.1. Global market estimates and forecasts, 2013 – 2025
5.3.3.2. Market estimates and forecast, by region, 2013 – 2025
5.3.4. Tie rods
5.3.4.1. Global market estimates and forecasts, 2013 – 2025
5.3.4.2. Market estimates and forecast, by region, 2013 – 2025
5.3.5. Sway bar links
5.3.5.1. Global market estimates and forecasts, 2013 – 2025
5.3.5.2. Market estimates and forecast, by region, 2013 – 2025
5.3.6. Bushings
5.3.6.1. Global market estimates and forecasts, 2013 – 2025
5.3.6.2. Market estimates and forecast, by region, 2013 – 2025
5.3.7. Bearings / seals
5.3.7.1. Global market estimates and forecasts, 2013 – 2025
5.3.7.2. Market estimates and forecast, by region, 2013 – 2025
5.3.8. Coil springs
5.3.8.1. Global market estimates and forecasts, 2013 – 2025
5.3.8.2. Market estimates and forecast, by region, 2013 – 2025
5.4. Hub assemblies
5.4.1. Global market estimates and forecasts, 2013 – 2025
5.4.2. Market estimates and forecast, by region, 2013 – 2025
5.5. Universal joints
5.5.1. Global market estimates and forecasts, 2013 – 2025
5.5.2. Market estimates and forecast, by region, 2013 – 2025
5.6. Gaskets
5.6.1. Global market estimates and forecasts, 2013 – 2025
5.6.2. Market estimates and forecast, by region, 2013 – 2025
5.7. Wipers
5.7.1. Global market estimates and forecasts, 2013 – 2025
5.7.2. Market estimates and forecast, by region, 2013 – 2025
5.8. Filters
5.8.1. Global market estimates and forecasts, 2013 – 2025
5.8.2. Market estimates and forecast, by region, 2013 – 2025
5.9. Lighting
5.9.1. Global market estimates and forecasts, 2013 – 2025
5.9.2. Market estimates and forecast, by region, 2013 – 2025
5.10. Spark plug
5.10.1. Global market estimates and forecasts, 2013 – 2025
5.10.2. Market estimates and forecast, by region, 2013 – 2025
Browse Full TOC @ https://www.gminsights.com/toc/detail/e-commerce-automotive-aftermarket
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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