What’s driving the E-commerce Automotive Aftermarket Industry growth? Major Leading Players - Flipkart, eBay, Auto Zone, Advance Auto Parts, Napa Auto Parts, Amazon, Alibaba Group
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Steering and suspension will account for highest revenue share over the forecast timeframe owing to increasing demand of vehicle components such as bearings, coil springs, and control arms. Easy availability of diverse options at reasonable prices will further strengthen the product penetration. Spark plugs will grow exponentially, exhibiting over 21% CAGR from 2018 to 2025 owing to their high replacement needs. The vehicle manufacturers generally recommend replacement of spark plugs after every 30,000 miles. Cost effectiveness as compared to its counterparts and increased accident rates will further propel the e-commerce automotive aftermarket growth from spark plugs.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
2. Alibaba Group
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
12. Napa Auto Parts
13. Rock Auto.com
14. JC Whitney
16. Auto Anything
17. O’Reilly Auto Parts
E-commerce Automotive Aftermarket, By Parts
• Brake pads
• Hydraulics & hardware
• Steering & suspension
• Control arms
• Ball joints
• Tie rods
• Sway bar
• Coil springs
• Hub assemblies
• Universal joints
• Spark plugs
Third-party retailers will capture maximum revenue share in e-commerce automotive aftermarket crossing USD 29 billion by 2025. Increasing popularity of retailers such as Amazon, eBay, etc. will drive the industry growth. The revenue generation can also be credited to the provision of distinct services. Moreover, advantages such as same day delivery will further contribute to the industry dominance over the forecast timeframe.
E-commerce automotive aftermarket from direct to customer will witness growth at around 21% from 2018 to 2025 owing to provision of appropriate service facilities and high brand loyalty of customers. For instance, Bosch has expanded its product portfolio on its own online platform for strengthening their presence in the industry.
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B2C will dominate the e-commerce automotive aftermarket, surpassing USD 13 billion by 2025. Shifting consumer preference towards purchasing of auto-components online will drive the industry growth. This shifting preference can be attributed to provision of benefits such as advanced products and rapid query solving. Moreover, cost effectiveness of these online portals as compared to conventional brick-and-mortar stores is another factor that will positively impact the industry growth.
North America e-commerce automotive aftermarket is likely to grow significantly, exhibiting around 17% CAGR over the forecast timespan. Well established internet infrastructure along with presence of leading e-commerce participants including Amazon across the region will primarily contribute towards high growth. Asia Pacific will capture significant revenue share surpassing USD 9 billion till 2025 owing to substantial automobile sales along with strengthening internet penetration across the region.
Denso Corporation, Napa Auto Parts, Hella Group, eBay, Amazon, Advance Auto Parts, and Auto Zone are among the notable players in the e-commerce automotive aftermarket. Collaborations and partnerships with online aftermarket participants are the strategies implemented by the competitors to strengthen their foothold. For instance, in 2016, Hella group announced its collaboration with iParts.pl, an online supplier of auto parts for expanding its product line.
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