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Get Industry Insights in Global Automotive E-Tailing Market Size, Share, Development, Growth and Demand Forecast to 2023
Automotive E-Tailing Market
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The automotive E-Tailing market offers a wide range of automotive components including infotainment systems, interior accessories, engine parts, tires-wheel, and electrical components. The E-Tailing market offers easy and hassle-free transactions as it includes various global and established players such as Alibaba, Amazon, AutoZone and eBay that is supporting positive growth in the market.
The major factors driving the growth of the E-Tailing market is growing adoption of online shopping for automotive components by the end-users along with the availability of wide range of product at discounted price.
In 2016, Asia-Pacific dominated the global automotive E-Tailing market with over 44% share. The Asia-Pacific E-Tailing market is expected to grow at a CAGR of 13.7% supported by the largest market in China followed by India and Japan in during the forecast period.
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The trend for online shopping has increased in recent years and the new and the established players are leveraging the positive growth in the automotive E-Tailing market.
The major factor driving the growth of the market is the growing demand of passenger and commercial vehicles globally. Growing countries such as China and India have showcased the rapid vehicle production, which has increased rapidly over the past five years and the trend is likely to continue during the forecast period.
The research states that the global automotive E-Tailing market had a consolidated structure in 2016 that was dominated by organized players. Some of the key players in the global automotive E-Tailing market include Advance Auto Parts, Alibaba Group Holding Limited, Amazon.com Inc., Delticom AG, O’Reilly Auto Parts, Flipkart and eBay.
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Expansion and strategic partnerships have been the key strategies in the global automotive E-Tailing market which is driving the global automotive E-Tailing market. For instance, in May 2017, Amazon announced plans to expand its research and development center in Cambridge, the U.K. The company is planning to increase the employee strength to 1,500 by the end of 2017.
Earlier in April 2017, Walmart announced plans to increase its number of stores from 21 to 50 in India. The company announced plans expand the stores over a period of next three years. Walmart will open 10 new stores in Telangana for which Walmart India has signed a Memorandum of Understanding (MoU) with the Telangana government.
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