The Auto Parts E-Commerce Aftermarket Market to define growth on an exponential note between 2018 and 2028

The automotive e-commerce aftermarket is a platform where automotive parts are sold to do-it-yourself (DIY) customers and service professionals through public websites. For such consumers, price affordability, ease of purchase and convenience and home delivery are few of the key deciding factors promoting the growth of the auto parts e-commerce aftermarket market across the globe. The automotive e-commerce aftermarket sells all automotive parts, such as brake systems and steering and suspension system, among others. End users benefiting from such online auto parts business comprise small workshops which aim to achieve fast delivery of automotive components to provide varied services to their customers. Numerous third party retailers are pushing the growth of the auto parts e-commerce aftermarket by collaborating with OEM manufacturers to provide their parts online.

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FACTS AT A GLANCE
Companies: LKQ Corporation,EBay Inc.,AutoZone Inc.,Amazon Inc.,Das Ersatzteil GmbH,Alibaba Group,CATI SpA,Rakuten Commerce LLC,ERA SPA,O’Reilly Automotive, Inc.,Delticom AG,SAITOW AG

Coverage: All major geographies and key segments
Segments: Auto Parts E-Commerce Aftermarket Market Segmented By Type of Components such as Battery, Cooling Systems, Underbody Components, Automotive Filters, Engine Components, Lighting Components, Electrical Components, Tires with type of customers such as B2B2C (Business to Business to Consumer) and B2C (Business to Consumer)

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-
As the average vehicle age decreases across the globe, the demand for auto parts is expected to increase significantly for repair and maintenance purposes. The automotive e-commerce aftermarket is expected to serve as a platform to cater to such needs in the future.

This is expected to promote the growth of auto parts e-commerce aftermarket market over the assessment period. Moreover, as the number of key automotive manufacturers engaging in collaborations with prominent e-commerce platforms is increasing, the auto parts e-commerce market is expected to witness significant growth in the coming years. Furthermore, shifting focus towards e-mobility has resulted in an increase in the production of electric and hybrid vehicles across the globe. This has significantly increased the demand for customized auto parts by Do-it-for-me (DIFM) customers. The auto parts e-commerce aftermarket market is proving to be an efficient alternative for catering to such varied needs of customers.

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This is expected to be one of the prime reasons anticipated to promote the growth of auto parts e-commerce aftermarket market in the coming years. Mobile commerce spending has increased by a great fraction in the past few years. This is expected to open new horizons for the growth of auto parts e-commerce aftermarket market in the coming years. However, lack of standardization in such e-commerce websites has resulted in increasing trade of counterfeit components. This may have a negative impact on the growth of auto parts e-commerce aftermarket market. Moreover, sometimes, service professionals tend to do business with “brick and mortar” service providers rather than going for e-commerce purchasing. This can further derail the growth of the auto parts e-commerce aftermarket market over the coming years.

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