Press release
Southeast Asian e-commerce in Automotive Aftermarket Will Be Led by Thailand
Thailand dominated the industry in Southeast Asia in the past, and this trend will continue in the future as well, with a rate of nearly 11%.
This will be as a result of its substantial populace, increasing disposable income, fast urbanization, and expansion of the vehicle industry with a number of OEMs.
The industry will also benefit from tech progressions, fleet owners' rising consciousness and usage of quality spare parts, and the initiatives of the government associated with the safety of passenger and vehicles.
Explore more about this report@ https://www.psmarketresearch.com/market-analysis/southeast-asia-e-commerce-in-automotive-aftermarket
Malaysia will grow the fastest in the industry. There was a sale of 508,761 vehicles in 2021 and there is a direct impact of the same on the increasing sales of car. In addition, the population of the nation gets more accustomed with the usage of digital media, there will be a tremendous potential for e-commerce in the aftermarket.
There is an increase in DIY culture in the industry because of the growing trend of customization of the vehicles, with owners of the cars and auto enthusiasts acclimating their own vehicles. While service and maintenance facilities and technicians have been the main clienteles for the manufacturers of the car parts.
This is the reason why DIY enthusiasts now comprise of a considerable portion of the component sales with the help of e-commerce platforms.
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Equipment will have the fastest growth in the Southeast Asian e-commerce in automotive aftermarket, at a rate of around 12%, as mentioned by a market expert at P&S Intelligence. This is because of the prevalent trend of upgrading the number of pieces of equipment of vehicles over time and the obtainability of a number of products on online platforms.
The requirement for quality products has grown, with number of cars predicted to increase in the near future, aftermarket companies are investing profoundly in the upgradation of their products and concentrating on offering in-vehicle connected devices, which will benefit the market in the near future.
Furthermore, as a result of the growing investment in R&D by manufacturers of the product, these kinds of solutions have become significantly popular among e-commerce platform users.
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The research offers market size of the Southeast Asian e-commerce in automotive aftermarket for the period 2017-2030.
Market Segmentation by Component
Engine Parts
Piston and Piston Rings
Engine Valves and Parts
Fuel Injection Systems and Carburetors
Powertrain Components and Others
Drive Transmission and Steering Parts
Gearboxes
Wheels
Steering Systems
Axles
Clutch Assembly System and Others
Suspension and Braking Parts
Brake Calipers
Brake Pads
Suspension Systems
Other Parts
Equipment
Headlights and Lighting Components
Wiper and Washer Systems
Dashboard Instruments
Other Equipment
Electrical Parts
Starter Motors
Spark Plugs
Electric Ignition Systems
Battery and Others
Miscellaneous
Market Segmentation by Channel
Third Party Retailer
Direct to Consumer
Market Segmentation by Consumer
Garage Owners
Mechanics
Spare Part Retailers
B2C
Market Segmentation of Countries
Indonesia
Thailand
Vietnam
Malaysia
Philippines
About P&S Intelligence
P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.
Contact:
Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
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