Press release
E-commerce Automotive Aftermarket Set for Rapid Growth | (Flipkart, eBay, Auto Zone, Advance Auto Parts, Napa Auto Parts, Amazon, Alibaba Group)
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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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1.Amazon
2. Alibaba Group
3. Flipkart
4. E-bay Inc.
5. Auto Zone
6. Advance Auto Parts
7. U.S. Auto Parts Network, Inc
8. Pep Boys
9. National Automotive Parts Association
10. Denso Corporation
11. Bosch
12. Napa Auto Parts
13. Rock Auto.com
14. JC Whitney
15. CARiD
16. Auto Anything
17. O’Reilly Auto Parts
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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.
Steering and suspension is anticipated to dominate the e-commerce automotive aftermarket share over the forecast timeframe. This can be credited to rising demand of components such as control arms, coil springs, and bearings. Availability of numerous options at reasonable price and choice will positively impact the product demand. Spark plugs are expected to exhibit over 21% CAGR till 2025 owing to recommendation of vehicle manufacturers for product replacement after every 30,000 miles. Increased accident rates along with cheaper product availability as compared to its counterparts will further propel the segment's growth.
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.
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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.
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Global Market Insights, Inc.
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