Press release
Automotive E-tailing Market 2019 by Global Leaders Analysis: Advance Auto Parts, Delticom, eBay, Rock Auto LLC, Genuine Parts Company, CARiD.com, O'Reilly Auto Parts, AutoZone
Automotive E-tailing Market
Over the past few years, the automobile sales are continually rising, and so is rising the demand for aftermarket components. Moreover, convenience in online shopping, alongside, the availability of a broad range of products is escalating the market on the global platform. Diversifying the flow of distribution set by traditional brick and mortar channels, e-tailing has not only brought down the selling costs of aftermarket parts but provided new growth opportunities for manufacturers as well.
Acknowledging the potential that the market holds to grow further in the years to come, Market Research Future (MRFR), in its recently published analysis asserts that the global automotive e-tailing market would reach USD 55.22 BN by 2022, registering a double-digit CAGR of 12 % throughout the forecast period (2016 – 2022). Looking at the advantages offered by e-tailing, an increasing number of Autocare companies are adopting this platform, which, in turn, is fostering the growth of the market.
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Furthermore, an increasing number of do-it-yourself (DIY) and do-it-for-me (DIFM) projects push up the growth of the market. The penetration of the e-tailing in the auto care industry and strategies to avoid conflicts of price differentiation and others impact the growth of the market, positively.
Despite promising growth prospects, the automotive e-tailing market is challenged by certain factors such as fraud and security concerns. Also, consumer’s skepticism or unawareness that still makes them to typecast online purchase of aftermarket parts restricts the growth of the market.
Nevertheless, factors such as rising technological advancements and proliferation of smartphones and its users worldwide, alongside, the widening public awareness towards the automotive e-tailing platforms and their benefits are fostering the market growth, providing a huge impetus.
Automotive E-tailing Market - Segmentation
For a better understanding of the report, the market is segmented into four key dynamics:
By Vendor Type: OEM Vendor and Third Party Vendor.
By Components: Electrical & Electronics, Chassis, and Power train, among others.
By Vehicles: Commercial and Non Commercial Vehicles.
By Regions: Europe, North America, Asia Pacific, and Rest-of-the-World.
Automotive E-tailing Market - Regional Analysis
The Asia Pacific region leads the global automotive e-tailing market, witnessing significant growth in terms of size. Huge technological advances, growing e-commerce sector alongside, the burgeoning automotive, OEM, and aftermarket parts manufacturing sector foster the growth of the regional market. Additionally, the proliferation of the internet, connectivity technologies, and connected devices are key factors impacting the growth of the regional market, positively.
Increasing uses of smartphones in this region and the convenience of online purchases push up the sales in the automotive e-tailing market. Besides, the improving economic conditions, along with the rapid urbanization and industrialization, propel the growth of the automotive e-tailing market in the APAC region. Market penetration of an increasing number of e-commerce businesses, mainly in China, India, Japan, Thailand, Malaysia, and South Korea, provide impetus to the growth of the regional market.
The automotive e-tailing market in the North America region is gaining tremendous momentum. This growth attributes to the technical advancements, automotive sector, the vast number of automobiles, and the proliferation of the internet, mobiles, and tablets in the region.
Europe is also a lucrative market for automotive e-tailing, globally, which is expected to show immense growth over the forecast period. The growing eCommerce markets and well-established automotive sector in the region drive the growth in the regional market. Germany, the UK, France, and Italy support the market growth in the region, majorly.
Automotive E-tailing Market - Competitive Analysis
Well-established, automotive e-tailing market is adorned by several large and small players having the international presence. Matured players incorporate strategic initiatives such as collaboration, acquisition, partnership, product launch, and expansion to gain a competitive advantage in this market.
Emphasis of these key players on innovations and new processes would fuel the already intensified competition in the market over the forecast period. Automotive e-tailing market demonstrates high growth prospect, which, in turn, attracts several new entrants to the market.
Major Players:
Players leading the automotive e-tailing market include Delticom AG (Germany), Advance Auto Parts, Inc. (US), eBay Inc. (US), Genuine Parts Company (US), Rock Auto LLC. (US), CARiD.com (US), AutoZone, Inc. (US), O'Reilly Auto Parts (US), JEGS High Performance (US), and K&N Engineering, Inc. (US), among others.
Industry/ Innovation/ Related News
April 03, 2019 ---- The Automotive Aftermarket Suppliers Association (AASA) 2019 hosted an important session for its supplier members as the aftermarket industry continues to explore new avenues in response to changing consumer buying habits. At the event, Amazon’s head of automotive shared his insights on ‘The Evolving Channel Model’.
Suppliers attending the 2019 Vision Conference had an opportunity to hear firsthand, consumers’ buying habits for automotive parts that are creating new business models, and the emergence of pure online e-tailers.
Get Complete Report of Automotive E-tailing Market @ https://www.marketresearchfuture.com/reports/automotive-e-tailing-market-1915
Continued…….
Market Research Future
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Maharashtra, India
+1 646 845 9312
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About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.
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