E-tailing in Automobile Industry Size to Grow at Highest CAGR from 2019 To 2022 - Advance Auto Parts, Delticom, eBay, Rock Auto LLC, Genuine Parts Company, CARiD.com, O'Reilly Auto Parts, AutoZone, JEGS High Performance

Global Automotive E-tailing Market Information Report by Vendor Type (OEM Vendor, Third Party Vendor), by Components (Electrical & Electronics, Chassis, Powertrain), by Vehicles (Commercial Vehicles, Non Commercial Vehicles) and by Region - Global Forecast to 2022

Market Scenario

E-tailing is defined as the buying and selling of goods through electronic media (Internet).It includes only Business-to-Consumer (B2C) segment where the business sells goods to the consumers through online platforms. E-tailing for automotive is growing due to increasing demand for automobile components as the automobile sales in increasing. Convenience in online shopping, availability of broad range of products and increasing investments in e-commerce platforms are the major driving factors for the growth of Automotive E-tailing market. However, there are certain factors such as fraud and security concerns that are restraining the growth of Automotive E-tailing market.

Global Automotive E-tailing market is expected to register a CAGR of about 12% during the forecast period, to reach USD 55.22 Billion by 2022.

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Segmentation

The global automotive e-tailing market has been segmented based on vendor type, component, and vehicles. By vendor type, the market has been segmented into OEM Vendor and Third Party Vendor. By component, the market has been segmented Electrical & Electronics, Chassis, and Powertrain. By vehicles, the market has been segmented into commercial cars and non-commercial vehicles.

Regional Analysis

The key markets of the global automotive e-tailing market are North America, South America, Europe, Asia-Pacific and the Middle East & Africa. The Asia-Pacific market accounts for the largest share of the market owing to rising internet penetration and proliferation of smartphones in the region. China and India re the key contributors in the region due to high vehicle population. North America market is also consolidated due to a high inclination towards e-tailing in the region.

Competitive Landscape

The key players operating in the market include Advance Auto Parts, Inc. (U.S), eBay Inc. (U.S), Genuine Parts Company (U.S), O'Reilly Auto Parts (U.S), JEGS High Performance (U.S), Delticom AG (Germany), Rock Auto LLC. (U.S), CARiD.com (U.S), AutoZone, Inc. (U.S), K&N Engineering, Inc. (U.S) and others.

Industry Updates

In April 2018, Hero MotoCorp, an automotive company launched an e-commerce portal to sell authentic hero parts and accessories for two-wheelers. The company has partnered with Delhivery, an Indian logistics company for delivering parts to its customers across India.

In June 2018, eBay Canada announced the availability of a new automotive parts compatibility feature called Fitment. The feature will make it easier for buyers to search for parts and accessories.

In June 2018, Xevo and TomTom announced a partnership to combine Xevo market platform with TomTom's map and navigation expertise. The partnership would offer an opportunity to extend in-vehicle personalization and make navigation experience better and smarter.

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