Press release
Key Trend Reshaping the E-Commerce Automotive Aftermarket Market in 2025: E-Commerce Platform To Enhance Automotive Aftermarket Shopping Experience
E-Commerce Automotive Aftermarket Market
The e-commerce automotive aftermarket is projected to expand, fuelled by a surge in e-commerce activities. E-commerce, which involves the virtual transaction of goods, effectively facilitates the marketing of automotive aftermarket items due to its convenience, simplicity, and provision of home delivery services. For example, according to the United Nations Conference on Trade and Development, an entity of the United Nations Secretariat, there was a climb in global e-commerce revenue to $26.7 trillion in 2019. The percentage of web-based retail sales of goods also rose from 16% in 2019 to 19% in 2020. Consequently, the upswing in e-commerce activities fuels the evolution of the e-commerce automotive aftermarket.
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What is the future CAGR of the e-commerce automotive aftermarket market, and how will it impact industry expansion?
The size of the automotive aftermarket e-commerce market has seen a rapid expansion in the recent past. It is projected to rise from $96.81 billion in 2024 to $113.3 billion in 2025, witnessing a compound annual growth rate (CAGR) of 17.0%. The past growth can be credited to an upsurge in e-commerce, gains in consumer faith and trust in procuring automotive parts online, progress in the automotive aftermarket industry, the broadening of the e-commerce ecosystem comprising third-party sellers and distributors, and heightened vehicle lifespan.
The projected market size for the e-commerce automotive aftermarket is set to experience a significant increase in the coming years. It is predicted to escalate to $211.42 billion by 2029, with a compound annual growth rate of 16.9%. The factors contributing to this increase during the forecast period include: spike in online sales of components for hybrid and electric vehicles, growing popularity of subscription auto parts services, an increased demand for sustainable and environmentally friendly auto parts and accessories, and a shift towards the fusion of online and physical store business model. Additionally, there is a rising global understanding about e-commerce channels. Notable developments during the projected period are expected to include: incorporation of artificial intelligence (AI) for tailor-made recommendations and client service, progress in technology facilitating easy online search and buying of auto parts, adoption of augmented reality (AR) and virtual reality (VR) for better product visualization, focus on user-friendly interfaces and compatibility with mobile devices for e-commerce platforms, and deployment of predictive analytics for efficient inventory management and demand forecasting.
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What are the most significant trends transforming the e-commerce automotive aftermarket market today?
Leading companies in the e-commerce automotive aftermarket are introducing E-Commerce platforms to keep pace with ever-changing consumer preferences and the rising trend of digital shopping. This recently developed e-commerce platform is intended to allow customers access to a variety of automotive aftermarket products and services. For example, in November 2022, Alfardan Commercial, a Qatar-based automotive aftermarket distributor that is part of the Alfardan Automotive Division, introduced an e-commerce platform, www.alfardancommercial.com. This platform makes it easy for customers in Qatar to access an array of automotive aftermarket products and services online, such as tires, lubricants, batteries, and other related items. This step is in line with their digital transformation strategy, offering customers streamlined shopping experiences and access to high-quality automotive services. The website is available in both Arabic and English and incorporates dynamic search engines, promotional offers for products, and a 'Fit and Fix Service' for expedited and premium services.
Which key market segments comprise the e-commerce automotive aftermarket market and drive its revenue growth?
The E-commerce automotive after market 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
Subsegments:
1) By B2C (Business To Consumer): Online Retailers, Direct-To-Consumer Brands, marketplace Platforms
2) By B2B (Business To Business): Wholesalers, Distributors, Online Trade Platforms
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What regions are at the forefront of e-commerce automotive aftermarket market expansion?
Asia-Pacific was the region in the e-commerce automotive aftermarket in 2024.The regions covered in the e-commerce automotive aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the e-commerce automotive aftermarket market?
Major companies operating in the E-commerce automotive aftermarket market include 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, 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.
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What Is Covered In The E-Commerce Automotive Aftermarket Global Market Report?
•Market Size Forecast: Examine the e-commerce automotive aftermarket market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the e-commerce automotive aftermarket market for a structured understanding.
•Key Players Overview: Analyze major players in the e-commerce automotive aftermarket market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the e-commerce automotive aftermarket market.
•Segment Contributions: Evaluate how different segments drive overall growth in the e-commerce automotive aftermarket market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the e-commerce automotive aftermarket market.
•Industry Challenges: Identify potential risks and obstacles affecting the e-commerce automotive aftermarket market.
•Competitive Landscape: Review strategic developments in the e-commerce automotive aftermarket market, including expansions, agreements, and new product launches.
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