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E-Commerce Automotive Aftermarket Market Statistics, Trends And Outlook 2024-2033
E-Commerce Automotive Aftermarket Market Statistics
As per the report, the e-commerce automotive aftermarket market size has grown rapidly in recent years. It will grow from $83.36 billion in 2023 to $98.07 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. The e-commerce automotive aftermarket market size is expected to see rapid growth in the next few years. It will grow to $182.72 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%.
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E-Commerce Fuels Growth Of The E-Commerce Automotive Aftermarket
An increase in e-commerce is expected to contribute to the growth of the e-commerce automotive aftermarket going forward. E-commerce refers to the electronic buying and selling of goods over the Internet. E-commerce is useful in the sales of automotive aftermarket products online as it offers convenience, ease of purchase, and home delivery of products. For instance, according to the United Nations Conference on Trade and Development, a body of the United Nations Secretariat, global e-commerce sales jumped to $26.7 trillion in 2019, and online retail sales of commodities increased from 16% in 2019 to 19% in 2020. Therefore, the increase in e-commerce is driving the growth of the e-commerce automotive aftermarket.
E-Commerce Platform To Enhance Automotive Aftermarket Shopping Experience
Major companies operating in the e-commerce automotive aftermarket market are launching E-Commerce platforms to meet the evolving customer preferences and the growing trend of online shopping. These new e-commerce platform is designed to provide customers with access to a wide range of automotive aftermarket products and services. For instance, in November 2022, Alfardan Commercial, a Qatar-based automotive aftermarket distributor and a part of Alfardan Automotive Division, launched an e-commerce platform, www.alfardancommercial.com, allowing customers in Qatar to access a range of automotive aftermarket products and services online, including tires, lubricants, batteries, and other aftermarket products and services. This move aligns with their digitization plans, offering a seamless shopping experience and access to premium automotive services. The website is available in Arabic and English, and it offers features like dynamic search engines, product promotions, and a 'Fit and Fix Service' for express and premium services.
The e-commerce automotive aftermarket market covered in this report is segmented -
1) By Type: B2C, B2B
2) By Component: Engine Parts, Drive Transmission And Steering Parts, Suspension And Braking Parts, Equipment, Electrical Parts, Other Components
3) By Channel: Third-Party Retailer, Direct To Consumer
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Major companies operating in the e-commerce automotive aftermarket market report are Robert Bosch GmbH, Amazon. com Inc., Meritor Inc., eBay Inc., Genuine Parts Company, AutoZone Inc., CarParts. com Inc., Advance Auto Parts Inc., Buyautoparts. com LLC, Alibaba Group Holding Limited, Denso Corporation, O'Reilly Automotive Inc., 3M Company, Continental AG, Federal-Mogul Corporation, National Automotive Parts Association (NAPA), 4 Wheel Parts, Parts Geek LLC, RockAuto LLC, JC Whitney, Jegs High Performance, 1A Auto Inc., Pep Boys, The Retrofit Source, ECS Tuning, AM Autoparts Inc., FCP Euro, U. S. Auto Parts Network Inc., Andy's Auto Sport, AutoAnything Inc.
Contents of the report:
1. Executive Summary
2. E-Commerce Automotive Aftermarket Market Report Structure
3. E-Commerce Automotive Aftermarket Market Trends And Strategies
4. E-Commerce Automotive Aftermarket Market - Macro Economic Scenario
5. E-Commerce Automotive Aftermarket Market Size And Growth
…..
27. E-Commerce Automotive Aftermarket Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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