Press release
The Rising Vehicle Maintenance And Repair Costs Are Driving The Growth Of The Market Due To Increasing Automotive Part Prices: Critical Driver Shaping the Global Electronic Procurement (e-Procurement) Auto Parts Market in 2025
Electronic Procurement e Procurement Auto Parts
Electronic Procurement (e-Procurement) Auto Parts Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The auto parts market for electronic procurement (e-Procurement) has seen rapid growth over the past few years. The market size is set to rise from $7.29 billion in 2024 to $8.50 billion in 2025, tracking a compound annual growth rate (CAGR) of 16.6%. This considerable growth during the historic period is due to factors like the increased average age of vehicles, the expansion of independent repair networks, the increased distance covered by vehicles, a surge in used vehicle transactions, the growth of light commercial vehicle fleets, and initiatives for dealer service retention.
Electronic Procurement (e-Procurement) Auto Parts Market Size Forecast: What's the Projected Valuation by 2029?
The e-Procurement auto parts market is forecast to exhibit impressive growth in the coming years, expanding to a worth of $15.50 billion by 2029 with a compound annual growth rate (CAGR) of 16.2%. The anticipated growth during the forecast period is linked to factors such as speeded aging of the vehicle park, an increase in ride-hailing and delivery fleets, extension of vehicle ownership duration, growth in the do-it-for-me service model, and broader catalog inclusion through distributor consolidation. Key trends expected during the forecast period include the modernization of electronic data interchange for order flow, automation of invoices and packing slips via optical character recognition, demand forecasting through artificial intelligence and machine learning, warehouse and last-mile tracking facilitated by radio frequency identification, and parts identification and fitment verification aided by computer vision.
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What Are the Drivers Transforming the Electronic Procurement (e-Procurement) Auto Parts Market?
Anticipated to fuel the expansion of the electronic procurement (e-Procurement) auto parts market are the escalating costs of vehicle maintenance and repair. This refers to the financial outlay necessary to keep a vehicle in operational condition and rectify any mechanical or technical issues. The soaring prices of automotive parts, which directly impact the total cost of vehicle servicing and repairs, are responsible for escalating vehicle maintenance and repair costs. E-Procurement streamlines the procurement process of vehicle components and maintenance services, eliminates manual errors and delays, and offers cost comparisons and the ability to buy in bulk, reducing overall repair and maintenance costs. As an illustration, in September 2025, data from the Federal Reserve Bank of St. Louis (FRED), a US-based central bank, showed that the consumer price index (CPI) for motor vehicle maintenance and repair in U.S. cities grew from 371.780 in January 2023, to 392.897 by December 2023, representing a 5.68% increase in motor vehicle maintenance and repair costs. Hence, the expanding costs of vehicle maintenance and repair are pushing the growth of the electronic procurement (e-Procurement) auto parts market.
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What Long-Term Trends Will Define the Future of the Electronic Procurement (e-Procurement) Auto Parts Market?
Key players in the auto parts sector of the electronic procurement (e-Procurement) market are increasingly shifting their focus towards forming strategic partnerships to improve supply chain efficiency and broaden their market presence. Strategic partnerships refer to cooperative alliances among two or more firms aiming to achieve joint business goals, facilitating the sharing of resources, technologies, or market access for reciprocal growth and increased competitiveness. For example, in February 2025, Daimler Truck, a commercial vehicle producing firm based in Germany, joined forces with Spryker, a German firm specializing in composable commerce technology, and Valantic, a company based in Germany assisting in implementation, to debut a B2B digital marketplace. This platform features geographical mapping to facilitate sourcing from desired dealers, 24/7 ordering through the My PartsHub platform, comprehensive product details and order options, compatibility with Daimler's existing systems, and a stockpile of approximately 100,000 components, comprising powertrains, chassis components, safety electronics, and media systems. It was first launched in the UK before subsequently extending to markets in South Africa and Australia.
Which Segments in the Electronic Procurement (e-Procurement) Auto Parts Market Offer the Most Profit Potential?
The electronic procurement (e-Procurement) auto parts market covered in this report is segmented as
1) By Component: Software, Services
2) By Deployment Mode: On-Premises, Cloud-Based
3) By Organization Size: Large Enterprises, Small And Medium Enterprises
4) By Application: Original Equipment Manufacturers (OEMs), Aftermarket
5) By End-User: Automotive Manufacturers, Distributors, Retailers, Repair Shops, Other End-Users
Subsegments:
1) By Software: Supplier Relationship Management (SRM) Software, Enterprise Resource Planning (ERP) Software, Inventory Management Software, Order Management Software (OMS), e-Sourcing Software, Purchase-To-Pay (P2P) Software, Analytics And Reporting Software
2) By Services: Implementation Services, Consulting Services, Training And Support Services, Integration Services, Managed Services, Maintenance And Upgrade Services
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Which Firms Dominate the Electronic Procurement (e-Procurement) Auto Parts Market by Market Share and Revenue in 2025?
Major companies operating in the electronic procurement (e-procurement) auto parts market are Robert Bosch GmbH, DENSO Corporation, ZF Friedrichshafen AG, Hyundai Mobis Company Limited, Continental AG, Magna International Inc., Aisin Seiki Co. Ltd., Valeo SE, Lear Corporation, Faurecia SE, Schaeffler AG, Mando Corporation, Hitachi Astemo Ltd., Zycus Inc., TireHub LLC, TecAlliance GmbH, Autologue Computer Systems Pvt. Ltd., ShowMeTheParts LLC, RevolutionParts Inc., WebShop Manager Ltd.
Which Regions Offer the Highest Growth Potential in the Electronic Procurement (e-Procurement) Auto Parts Market?
Asia-Pacific was the largest region in the electronic procurement (e-Procurement) auto parts market in 2024. The regions covered in electronic procurement (e-Procurement) auto parts report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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