E-Commerce Automotive Aftermarket Industry Expected to Reach $204.61 Billion by 2029 at 16.3% CAGR

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E-Commerce Automotive Aftermarket Market Value Projection: How Much Will the Market Size by 2025?
The dimension of the e-commerce automotive aftermarket sector has surged quickly in the past few years. The market value is predicted to rise from $96.81 billion in 2024 to $111.97 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 15.7%. The swift growth of the preceding period can be credited to the surge in e-commerce, enhanced consumer trust and confidence in purchasing automotive components online, growth in the automotive aftermarket sector, enlargement of the e-commerce ecosystem with the involvement of third-party sellers and distributors, and prolonged vehicle lifespan.

What Will Be the Market Growth Forecat for E-Commerce Automotive Aftermarket in 2029?
In the coming years, the e-commerce automotive aftermarket market is projected to experience swift expansion, anticipated to hit $204.61 billion by 2029 at a compound annual growth rate (CAGR) of 16.3%. This growth during the forecasted period can be traced back to the upswing in online purchases of electric and hybrid vehicle parts, increased interest in auto parts subscriptions, rising demand for green and sustainable vehicle parts and accessories, a shift towards the brick & click business model, as well as heightened global knowledge of e-commerce channels. The period in view will continue to witness several significant trends such as the application of artificial intelligence (AI) for customized suggestions and customer care, technology advancements that simplify online auto parts searching and purchasing, the amalgamation of augmented reality (AR) and virtual reality (VR) for improved product realisation, focus on more navigable interfaces and mobile-friendliness for e-commerce platforms, and the employment of predictive analytics for stock control and demand prediction.

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What Are the Core Competitive Drivers in the E-Commerce Automotive Aftermarket Industry?
The burgeoning growth of the e-commerce automotive aftermarket is anticipated to be driven by an upswing in e-commerce. The term e-commerce denotes the digital commerce of goods via the world wide web. It plays a significant role in the online sale of automotive aftermarket products due to its perceived benefits like convenience, hassle-free buying, and doorstep delivery. To illustrate, the United Nations Conference on Trade and Development, an organization under the United Nations Secretariat, reported that global e-commerce sales soared to a staggering $26.7 trillion in 2019. It also noted a growth in online retail sales of goods, with a jump from 16% in 2019 to 19% in 2020. Hence, the escalating trend in e-commerce is fuelling the e-commerce automotive aftermarket's expansion.

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Which E-Commerce Automotive Aftermarket Market Segment Is Projected to See the Fastest 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

Which Trends Are Opening New Opportunities in the E-Commerce Automotive Aftermarket Market?
Prominent businesses in the e-commerce automotive aftermarket sector are introducing E-commerce platforms to cater to changing customer preferences and the increasing popularity of online shopping. The aim of the new e-commerce platform is to give customers access to a broad array of automotive aftermarket goods and services. For example, in November 2022, Alfardan Commercial, a Qatar-based automotive aftermarket distributor under the Alfardan Automotive Division, rolled out an e-commerce platform, www.alfardancommercial.com. It gives Qatar customers online access to various automotive aftermarket products and services, such as tires, lubricants, batteries, among other aftermarket goods and services. This strategy is in line with their digital transformation initiatives, providing a smooth shopping experience and access to high-quality automotive services. The website, available in Arabic and English, comes with features like dynamic search engines, product promotions, and a 'Fit and Fix Service' for expedited and premium services.

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Who Are the Leaders 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.

Which Regional E-Commerce Automotive Aftermarket Markets Offer the Greatest Growth Potential?
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

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