E-Commerce Market In Automotive Industry: 2018 Trends, Key Players, Size, Share, Regional Analysis To 2023

Automotive E-Commerce Market Analysis Research 2018 provides comprehensive information on Global Automotive E-Commerce Market Size, Share, Growth, Trends and Region with forecast to 2023. Report analyzes Automotive E-Commerce Market for North America, Europe, APAC and Rest of the World. Report provides Global Automotive E-Commerce Industry By Product (Braking, Steering & Suspension, Universal Joints, Gaskets, Wipers, Filters, Lighting & Spark Plugs, Wheels and Tires) and Region.

Global Automotive E-Commerce Market Synopsis:

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 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.

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Key Players:

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.), JD.com, Inc. (China), Denso Corporation (Japan), and American Tire Distributors Holdings, Inc.(U.S.).

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%.

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 report for Global Automotive E-Commerce Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Research Methodology:

2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4: Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3: Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

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