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eCommerce Automotive Aftermarket Market worth $33.75 billion by 2030, growing at a CAGR of 14.78% - Exclusive Report by 360iResearch
eCommerce Automotive Aftermarket Market | 360iResearch
The Global eCommerce Automotive Aftermarket Market to grow from USD 12.85 billion in 2023 to USD 33.75 billion by 2030, at a CAGR of 14.78%.
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The eCommerce automotive aftermarket is a sector within the larger automotive aftermarket that specifically focuses on the online sale and distribution of aftermarket parts and accessories. It leverages electronic commerce platforms to provide customers with a convenient method to browse, compare, and purchase automotive parts and services for vehicle repair, enhancement, or customization. End-users are predominantly individual vehicle owners, car enthusiasts, and professional service providers, such as repair and maintenance workshops. The market is influenced by several growth factors, such as the increasing internet penetration, ease of accessibility to a diverse range of automotive products, the convenience of home delivery, and the growing number of online platforms. Additionally, the expanding production of automobiles and rising ownership of vehicles across the world have further accentuated the demand for e-commerce automotive aftermarket. However, the requirement for precise part compatibility and the difficulty of online troubleshooting can impede online sales. Additionally, shipping large and bulky automotive parts can be complicated and expensive, affecting overall profitability. However, key players are investing in advanced logistics and supply chain advancement strategies and improving the digital infrastructure to overcome shipping challenges. The rise in the preference for electric vehicles (EVs) and the subsequent need for specific components can also create potential growth arenas within the market.
In the Americas, with a specific focus on the U.S. and Canada, the eCommerce automotive aftermarket is experiencing robust growth, largely driven by consumer demand for convenience and the expanding range of products available online. The presence of a robust automobile industry and consumer demand for EVs has augmented the growth of the e-Commerce automotive aftermarket. Consumer demand for speed and transparency in transactions is leading to innovative platform solutions. Consumer behavior in EU countries varies greatly, with regions in Western Europe such as Germany, France, and the UK leading in online aftermarket sales. The EU market is characterized by stringent regulations on vehicle emissions and safety, which directly impacts product offerings in the aftermarket sector. EU consumers are increasingly becoming eco-conscious, with a trend toward purchasing green aftermarket products. Interconnected e-Commerce ecosystems, which provide a seamless shopping experience across various online platforms, are currently a significant area of investment in this market. Asia Pacific's automotive aftermarket is diverse, with China, Japan, and India being the major players. In China, the market is rapidly expanding due to the increasing vehicle ownership and the consumer's penchant for car customization. India and China's landscape for e-Commerce automotive aftermarket is cost-sensitive, with a burgeoning middle class that seeks value-for-money services and products. The emphasis is on affordability without compromising on quality.
Market Segmentation & Coverage:
This research report categorizes the eCommerce Automotive Aftermarket Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Electrical Parts, Engine Components, Infotainment & Multimedia, Interior Accessories, and Tires & Wheels. The Infotainment & Multimedia is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across 3rd Party Stand Alone e-tailer, Direct to Customer, and Marketplace. The Direct to Customer commanded largest market share of 48.94% in 2023, followed by 3rd Party Stand Alone e-tailer.
Based on End User, market is studied across Business to Business and Business to Customer. The Business to Business is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.35% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the eCommerce Automotive Aftermarket Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the eCommerce Automotive Aftermarket Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the eCommerce Automotive Aftermarket Market, highlighting leading vendors and their innovative profiles. These include Advance Auto Parts, Inc., Alibaba Group Holding Limited, Amazon.com, Inc., Arch Auto Parts by Transtar Holding Co., AutoAnything, AutoZone Inc., CARiD by PARTS iD, Inc., CarParts.com, Inc., Das Ersatzteil GmbH, eBay Inc., Flipkart Private Limited, National Automotive Parts Association, nopCommerce, OE Connection, O'Reilly Automotive, Inc., Pep Boys, RevolutionParts., Robert Bosch GmbH, RockAuto, LLC, Sana Commerce, Sears, Roebuck and Co., SimplePart by InfoMedia, Tire Rack by Discount Tire, Tradesoft, and X-Cart Holdings LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. eCommerce Automotive Aftermarket Market, by Product
7. eCommerce Automotive Aftermarket Market, by Distribution Channel
8. eCommerce Automotive Aftermarket Market, by End User
9. Americas eCommerce Automotive Aftermarket Market
10. Asia-Pacific eCommerce Automotive Aftermarket Market
11. Europe, Middle East & Africa eCommerce Automotive Aftermarket Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the eCommerce Automotive Aftermarket Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the eCommerce Automotive Aftermarket Market?
3. What is the competitive strategic window for opportunities in the eCommerce Automotive Aftermarket Market?
4. What are the technology trends and regulatory frameworks in the eCommerce Automotive Aftermarket Market?
5. What is the market share of the leading vendors in the eCommerce Automotive Aftermarket Market?
6. What modes and strategic moves are considered suitable for entering the eCommerce Automotive Aftermarket Market?
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