Press release
Automotive E-Tailing Market – In-Depth Analysis with Booming Trends Supporting Growth and Forecast till 2028
As per the research, the global automotive E-Tailing market high is likely to grow from $26,064.0 million in 2016 to $59,485.0 million by 2023. The rapidly growing automotive industry especially in emerging economies of Asia-Pacific, Africa and Latin America is generating significant demand for automotive E-Tailing.
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As per the findings of research, the global automotive E-Tailing market has been segmented into different component which include infotainment system, interior accessories, engine parts, tires and wheels, and electrical products. The tire and wheel segment held the largest share in the global automotive E-Tailing market in 2016. 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.
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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. In 2016, growth in sales of passenger vehicles in India was the fastest among the eight largest auto markets worldwide.
In 2016, the outlook In the North America including the U.S. and Canada remained promising and achieved considerable growth in sales and without any overriding concern of a slow down on the horizon in either markets. Rest of the world including Iran, Australia and the Middle-east countries have showcased global traction in the recent time and is expected to remain at a forefront of market due to which many OEMs continue to explore local manufacturing options in these countries which will drive the global automotive E-Tailing market.
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Some of the major players involved in the market include Advance Auto Parts, Inc., Alibaba Group Holding Ltd., Amazon.com, Inc., AutoZone, Inc., Delticom AG, eBay Inc., Flipkart, O'Reilly Automotive Inc., Robert Bosch and Wal-Mart Stores, Inc.
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