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Australia E-Commerce in Automotive Aftermarket To Generate USD 3,822.2 Million by 2030

01-23-2023 05:39 AM CET | Logistics & Transport

Press release from: P&S Intelligence

Australia E-Commerce in Automotive Aftermarket To Generate USD

The Australia e-commerce in automotive aftermarket was worth around USD 1,503.5 million in 2022, and it will grow at a CAGR of 12.2% from 2022 to 2030, to touch USD 3,822.2 million by 2030, as per P&S Intelligence. This is due to the booming automotive aftermarket, escalating count of DIY customers, and convenience offered by online shopping platforms.

Third-Party Retailers Account for Higher Product Sales

The category of third-party retailers accounts for a share of 69.1% in the market. Access to a wide variety of products, simplicity of transactions, and promptness of deliveries are leading to a transition away from the traditional brick-and-mortar storefronts to online retailers for replacement automobile parts.
Key Trend Is Click-and-Mortar Retailing

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

Click-and-mortar shopping is popular in the automotive aftermarket, but it is unclear how consumers feel about an all-online automotive aftermarket platform. This business model consists of conventional merchants with an internet presence, enabling consumers to purchase parts online, pay for them, and pick them up in-store.

Moreover, retailers may more easily contact customers by using e-commerce platforms, which also allows them to create an online presence, upload their inventory, and sell their products. On the demand side, customers benefit from a seamless and simple shopping experience as a result of not having to physically search for certain items in different stores.

Automotive Aftermarket Expansion Biggest Revenue Boost for Players

According to Macrotrends, Australia's urban population reached over 22.1 million in 2020, an increase of 1.43% from 2019; and 22.2 million in 2021, an increase of 0.32% from 2020. The rise in car ownership is being driven by the growing urbanization and rising disposable income. As a result, there is a high need for aftermarket components, as the VIO keeps increasing.

To receive free sample pages of this report@ Inquire before purchase@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=australia-e-commerce-automotive-aftermarket

Additionally, Australia's automotive aftermarket would experience considerable growth due to the rising average age of cars. Car loans, which may last up to 5 or 6 years, and better-quality automobiles, which last longer themselves, are the major causes of the increase in their average age.

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

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