What’s driving the E-Commerce Automotive Aftermarket Trends? Auto Parts Network, Inc, Pep Boys, Denso Corporation, Bosch, Napa Auto Parts, Rock Auto.com, JC Whitney, CARiD, Auto Anything, O’Reilly Auto Parts
Global E-commerce automotive aftermarket to surpass $28 billion through 2026. Growing demand for vehicle parts across the world is increasing the number of digital sales channels, which is positively influencing market growth. Increased efficiency and growing need for convenience among customers is pushing them to buy things online through electronic web portals, which provide easier product selection and stock availability through advanced ERP systems. This shifting trend would majorly complement the industry growth through 2026.Speaking of the E-commerce retail, direct to customer segment is anticipated to witness exponential profits and grow at a healthy CAGR of more than 19% over the forthcoming timeframe. This growth is attributed to growth in the use of mobile-based applications in the online sales channel. Furthermore, greater developments in the fields of service-based industries would add up to the overall market outlook through 2026.
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Through the use of these technologies, companies identify the availability of a particular product required by customers in their vicinity, further enhancing the consumer service. Tracking of an ordered product has become easier, and has become a vital development opportunities for the industry. Furthermore, ease of product installation in the vehicles due to their original quality and standard is increasing the level of customer trust on these companies thereby pushing the overall E-commerce automotive aftermarket growth.
Rise in the ability of automotive components to sustain higher stress due to universal joints is a major factor pushing universal joints segment proliferation in the market. Industry players are engaged in offering product designs with improved load-bearing capacity and enhanced quality.
Universal joints are used extensively as they provide a better connection between the propeller shaft and the engine shaft. They also work as coupling joints to integrate propeller and differential shaft in transmission systems. The automotive universal joints are generally categorized on the basis of their use in multiple systems including wheel drive systems and power transmission systems.
Considering the regional landscape, Latin America E-commerce automotive aftermarket is predicted to observe considerable development in the projected time owing to the adoption of several innovative practices like value-added designs, specialized manufacturing procedures, and extensive R&D.
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Increasing application scope of universal joints, increased focus on customer satisfaction, ease in product stock availability maintenance, and implementation of simpler processes to order spare parts are propelling the E-commerce automotive aftermarket size. Some of the key players that are increasingly making notable contributions to the E-commerce automotive market are O’Reilly Auto Parts, Auto Zone, Pep Boys, Amazon, and Advance auto parts among others.
Some Point from Table of Contents:
Chapter 4 E-Commerce Automotive Aftermarket, By E-Commerce Retail
4.1 market share by e-commerce retail, 2019 & 2026
4.2 Third party retailers
4.3 Direct to customer
Chapter 5 E-Commerce Automotive Aftermarket, By Parts
5.1 market share by parts, 2019 & 2026
5.2 Braking
5.2.1 Brake pads
5.2.2 Hydraulics & hardware
5.2.3 Rotor & drum
5.3 Steering & suspension
5.3.1 Control arms
5.3.2 Ball joints
5.3.3 Tie rods
5.3.4 Sway bar links
5.3.5 Bushings
5.3.6 Bearing/seals
5.3.7 Coil springs
5.4 Hub assemblies
5.5 Universal joints
5.6 Gaskets
5.7 Wipers
5.8 Filters
5.9 Lighting
5.10 Spark plugs
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