Press release
(2019-2025) - E-commerce Automotive Aftermarket Industry Prominent Manufacturers – eBay, Amazon, Alibaba Group, Flipkart, AutoZone, Advance Auto Parts, NAPA AUTO PARTS, DENSO, Bosch, O'Reilly Auto Parts
E-commerce Automotive Aftermarket
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Online platforms have gained prominence among the automotive aftermarket industry players to launch their auto-parts portfolio. The manufacturers are increasingly launching their products on online platforms through third party retailers such as Amazon, and eBay or via their own online portals, positively impacting the industry growth. However, lack of efficient standardization for e-commerce businesses may lead to easy counterfeiting of products, posing a threat to the industry growth over the forecast timeframe.
Direct to customer will exhibit approximately 21% CAGR from 2018 to 2025. This can be attributed to high brand loyalty of the customers and provision of appropriate service facilities. The automotive aftermarket players such as Bosch are expanding their online platforms to enhance their visibility among the customers.
Third party retailers are likely to account for highest revenue share crossing USD 29 billion by 2025. Rising popularity of these retailers such as eBay, Amazon, etc. will primarily drive the industry growth. High revenue generation can also be attributed to the distinct services. Moreover, provision of benefits such as same day delivery will further strengthen the e-commerce automotive aftermarket penetration.
E-commerce Automotive Aftermarket, By E-Commerce Retail
• Third party retailers
• Direct to customer
E-commerce Automotive Aftermarket, By Parts
• Braking
• Brake pads
• Hydraulics & hardware
• Steering & suspension
• Control arms
• Ball joints
• Tie rods
• Sway bar
• Bushings
• Bearings/seals
• Coil springs
• Hub assemblies
• Universal joints
• Gaskets
• Wipers
• Filters
• Lighting
• Spark plugs
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B2C will account for maximum revenue share crossing USD 13 billion over the forecast timeline. Shifting preference of customers towards online purchase of these auto-parts will primarily support the industry dominance. This can be attributed to the cost effectiveness of the online portals as compared to conventional stores. Fast query solving, and provision of technologically advanced products will further escalate the revenue generation. B to big B will exhibit over 19% CAGR owing to provision of benefits such as fast delivery services.
North America e-commerce automotive aftermarket is anticipated to exhibit a CAGR of approximately 17% by 2025. Well established internet infrastructure will pave stable growth prospects to the region's growth. Presence of prominent e-commerce leaders such as Amazon will strengthen the industry growth over the coming years.
Asia Pacific is likely to exhibit considerable share of over USD 9 billion over the coming years. The substantial revenue generation can be attributed to growth in automobile industry along with rising internet penetration across the region.
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Napa Auto Parts, Denso Corporation, Amazon, E-bay, Auto Zone, and Advance Auto Parts are among the prominent participants in e-commerce automotive aftermarket. Partnerships and collaborations with online aftermarket players are among the strategies adopted by the industry players to enhance their visibility. For instance, in 2016, Hella Group collaborated with online auto-parts supplier, iParts.pl in order to expand its product line.
Related Report –
Automotive Aftermarket industry Size to exceed $1,420bn by 2024
Automotive Aftermarket Industry size is estimated to surpass USD 1,420 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing necessity for maintenance and scheduled servicing requirements for enhancing aging vehicles life will drive the automotive aftermarket industry. Growing customer expectations, ongoing technological innovation, and rising competition across automotive industry are the major factors fueling industry expansion. Increasing penetration of OEMs into aftermarket activities along with the consolidation of parts distributors will also provide a positive outlook for business development.
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About Global Market Insights:
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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Corporate Sales, USA
Global Market Insights, Inc.
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