Rising Trends and Demand for Automotive E-Commerce Market in the Market: Research Insights by MRFR

Global Automotive E-Commerce Market Information By Product (Braking, Steering & Suspension, Universal Joints, Gaskets, Wipers, Filters, Lighting & Spark Plugs, Wheels and Tires) and Region - Forecast To 2023

Market Synopsis

The Global Automotive E-Commerce Market is a very dynamic market and is expected to witness high growth over the forecast period. The global automotive e-commerce market is majorly driven by the growth of the e-commerce industry. The increase in the growth of e-commerce also indicates the rise in the acceptance of online shopping among people, which will drive the global automotive e-retail market. The automotive e-commerce market is driven by factors such as aging vehicle fleet, digitization of channels and interfaces, growth of global e-commerce industry, higher price transparency and greater diversity of parts. However, identification of the damaged parts, and installation of the online purchased parts are expected to hinder the market growth. Desktop PCs is the most popular device for placing online shopping orders but the use of mobile devices, especially smartphones, is also increasing, thus driving the growth of automotive e-commerce.

The automotive e-commerce market is undergoing various changes with evolving customer expectations, acceleration of technological innovation, and shifts in competitive power. New technologies and major shifts in the aftermarket industry will be crucial factors for the players in order to maintain strong positions in the years to come. The global automotive e-commerce market has been segmented, based on products, of which the braking segment accounted for the largest market share of 28.9% in 2016. This segment is projected to grow at 7.55% CAGR during the forecast period. Filters segment stand at the second place, and are expected to grow further in the forecast period. Automotive e-commerce market is expected to reach market size of USD 24 Million by 2023 at a CAGR of more than 6%.

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4682

North America leads the global e-commerce automotive aftermarket. Many brick and mortar stores in the region leverage third party e-commerce platform to sell their products along with their own e-commerce portal. The auto parts sector is expected to see significant growth as automakers continue to expand in the U.S. and Mexico. Moreover, Europe is one of the major markets for automotive e-commerce, propelled by the growth in e-commerce. The adoption of e-commerce ensures a greater degree of flexibility and customization spending by purchasers of the automotive components. The growing inclination of consumers toward cross border online shopping, highlights an increasing realization that buying from another country can provide lower prices and a wider range of products or brands.

The key players of global automotive e-commerce market includes Amazon.com, Inc. (U.S.), Taobao (China), eBay Inc. (U.S.), Tmall.com (China), Alibaba Group Holding Limited (China), Wal-Mart Stores, Inc. (U.S.), Snapdeal (India), JD.com, Inc. (China), Denso Corporation (Japan), and American Tire Distributors Holdings, Inc.(U.S.).

Enquiry before Buying @ https://www.marketresearchfuture.com/enquiry/4682

BRIEF TOC:
1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
3. MARKET DYNAMICS
4. GLOBAL MARKET SEGMENTATION
5. REGIONAL MARKET ANALYSIS
6. COMPETITIVE ANALYSIS
7. CONCLUSION
8. LIST OF TABLES
9. LIST OF FIGURES

Ask for your specific company profile and country level customization on reports.

Access Full Report @ https://www.marketresearchfuture.com/reports/automotive-ecommerce-market-4682

About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.