Australia E-Commerce in Automotive Aftermarket Will Reach USD 3,822.2 Million by 2030

The Australian e-commerce in automotive aftermarket was valued at USD 1,503.5 million in 2022, and this number is expected to reach USD 3,822.2 million by 2030, advancing at a CAGR of 12.2% during 2022-2030, as per P&S Intelligence. The industry is motivated by the comfort provided by online shopping platforms, snowballing number of do-it-yourself customers, and the rising automotive aftermarket.

To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/australia-e-commerce-automotive-aftermarket/report-sample

Furthermore, in 2021 garage owners had the largest share of 45.6% in Australian e-commerce in automotive aftermarket. This is primarily because of the ease, affordability, and easy availability offered to vehicle owners by such entities.

A huge number of e-retailers, including Wal-Mart Stores Inc., Amazon.com Inc., and Alibaba Group Holding Ltd., provide automotive apparatuses on their portals, therefore making accessibility simple for customers.

Customers' leaning toward an all-online automotive aftermarket channel is not clear, click-and-mortar vending is trending in e-commerce in the automotive industry. This model contains old-style retailers who have an online existence, hence enabling consumers to place an order for the components and pay for them online and pick them up at the physical store. This working model joins e-commerce into brick-and-mortar stores, consequently mutually removing each other's weaknesses.

Inquire before purchase@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=australia-e-commerce-automotive-aftermarket

Furthermore, with the growing average life of a vehicle, the automotive aftermarket would experience considerable development in the country. The increase in the average age of the vehicles is primarily because of car loans, which can last for up to 5-6 years, and improved-quality vehicles, which themselves last for longer periods.

The nation is projected to experience further growth in the average age of vehicles in the coming few years, which will boost the growth of the market. Aftermarket component producers will contend to get new customers with changing approaches, like an e-commerce existence and extensive product portfolios.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.