Press release
E-commerce Automotive Aftermarket Market to Witness Steady Growth During the Forecast Period 2017-2025
Currently, the global e-commerce automotive aftermarket market is fragmented in nature on account of the presence of a large number of small, medium, and large players. Fuelling the market majorly is the growing number of do-it-yourself (DIY) consumers, who assemble purchased parts themselves. Since, such DIY customers do not require installation services for products purchased, they mostly purchase auto parts through online platform.Get an exclusive sample of this report @
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Besides that, the e-commerce platforms also serve as service aggregators to provide quality and price assurance to the customers. Various requirements and numerous product specifications in automotive aftermarket market makes it difficult for customers to estimate the cost of services or a product. The e-commerce platform helps to solve this problem by making it easy for customers to compare products and prices.
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Also helping to catalyze growth in the e-commerce automotive aftermarket is the foray of aftermarket manufacturers in e-commerce. B2C sales channel eliminates the need for middlemen and helps manufacturers sell auto parts directly to the end user. It also aids them in reaching out to a large number of consumers without having to establish brick and mortar stores. This results in cost benefits which are ultimately passed on to customers.
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A report by Transparency Market Research forecasts the global e-commerce automotive aftermarket market to register a robust 24.2% CAGR from 2017 to 2025 to become worth US$227.165 bn by the end of the forecast period from US$32.723 bn in 2016.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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