Jersey City, New Jersey, November 16, 2021 (GLOBE NEWSWIRE) – Verified Market Research recently published a report, “E-Commerce Automotive Aftermarket”By type (B2C and B2B), by application (interior accessories, exterior accessories, performance parts) and by geography. According to Verified Market Research, the global automotive aftermarket for e-commerce market size was valued at $ 73.68 billion in 2020 and is expected to reach $ 208.33 billion by 2028, with a CAGR of 16, 01% from 2021 to 2028.
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Browse the table of contents in depth to “E-Commerce Automotive Aftermarket“
202 – Pages
126 – Tables
37 – Figures
Overview of the global automotive aftermarket for e-commerce
The automotive e-commerce market is driven by many factors such as the aging vehicle fleet, the growth of the global e-commerce industry, and the digitization of channels and interfaces. Factors such as greater price transparency and a greater variety of parts are also supporting its growth. The increase in internet penetration, the per capita income of consumers and the number of online shoppers are also contributing to the growth. The growth can be attributed to the increasing availability of auto replacement equipment on online platforms, thereby enabling customers to access more affordable purchasing options.
Improving supply chain activity with technology deployments such as the Internet of Things (IoT) and automation has spurred the growth of e-commerce platforms in the automotive industry. Increasing auto sales and growing presence of new automotive players are expected to drive the growth of the market. The production of new automobiles with various technologies eases the need to develop new products. However, although counterfeit parts are cheaper to buy, they tend to increase the cost of owning a vehicle in the long run, due to frequent breakdowns and resulting repairs. Many industries and government organizations have put in place mechanisms to address this problem. However, due to the complex supply chain of the automotive industry, it is difficult to find a comprehensive solution.
Key players
The main players in the market are Amazon.com Inc, Alibaba Group, Auto Zone, Inc, Pep Boys, American Tire Distributors Holdings, Inc., National Automotive Parts Association, Tire Rack, Advance Auto Parts, Denso Corporation and Ebay Inc.
Verified market research segmented the global e-commerce automotive spare parts market on the basis of type, application, and geography.
- Automotive E-Commerce Secondary Market, By Type
- E-Commerce Automotive Aftermarket, By Application
- Interior accessories
- Exterior accessories
- Performance parts
- Wheels and tires
- Tools and garage
- Auto body parts
- Oil
- Coolants and fluids
- E-Commerce Automotive Aftermarket by geography
- North America
- Europe
- Germany
- France
- UK
- The rest of europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LINE
- Middle East and Africa
- Latin America
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