Report Description
The global e-commerce automotive aftermarket market size was valued at USD 60.4 billion in 2020 and is estimated to reach USD 230.5 billion by 2028, expanding at a CAGR of 21.1% during the forecast period, 2021–2028. The growth of the market is attributed to increasing digitization, rising consumer spending, expanding urbanization, and rapid increase in global connection.
The global e-commerce business is undergoing consolidation and expansion. Consumers are increasingly purchasing digitally and global retail e-commerce sales are increasing. With the temporary closure of some physical aftermarket stores, the e-commerce automobile aftermarket saw a rapid increase in income. Consumers are becoming reliant on e-commerce for product sourcing. All automotive spare parts, tools, equipment, and services related to automobiles that are procured after periodic vehicle use through e-commerce platforms are covered by the aftermarket. E-commerce automotive aftermarket is an e-commerce platform that sells vehicle parts to Do It Yourself (DIY) customers and service professionals via the internet. Price affordability, ease of purchase and convenience, and home delivery are the key decision factors for such customers, boosting the e-commerce automotive aftermarket. The e-commerce automotive aftermarket is anticipated to be driven by rising e-commerce platforms and collaborations between e-commerce platform providers and brick-and-mortar businesses over the projected period.
Market Trends, Drivers, Restraints, and Opportunities
Drivers
- Rapid growth of the global e-commerce industry is expected to propel the market during the forecast period.
- Growing digitization of interfaces and channels and aspects including high price transparency and great part diversity are major factors boosting the market in the coming years. Digitization enables significant value chain benefits and reduced lead times for workshops and consumers.
- Increasing number of DIY consumers is expected to spur the market growth during the forecast period.
- Rising need for repair and maintenance of automotive parts, as the average vehicle age drops around the world, is projected to boost the global e-commerce automotive aftermarket market during the forecast period.
Restraints
- Lack of standardization in such e-commerce websites resulted in rising trade of counterfeit components, which is expected to hamper the market growth during the forecast period. Filters, headlamps, bumpers, windshields, tail lamps, tie rods, and steering arms are common targets for the counterfeit market, as they are easy to replicate and have a high turnover rate.
Scope of the Report
The report on the global e-commerce automotive aftermarket market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Global E-Commerce Automotive Aftermarket Market Segment Insights
Based on e-commerce retails, the market is divided into direct to customer and third-party retailers. The third-party retailers’ segment is expected to account for a key share of the market during the forecast period, as key players of the market are promoting product availability, same-day delivery, and pick-up from physical locations.
In terms of products, the global e-commerce automotive aftermarket market is segregated into parts and accessories The parts segment is further segmented into universal joints, hub assemblies, wipers, gaskets, filters, lighting, spark plug, tires, braking, and steering & suspension. The tires sub-segment is expected to grow at a rate of around 14% during the forecast period, due to growing introduction of online portals listing major brands such as Michelin, BF Goodrich, and others. The accessories segment covers exteriors and interiors.
Based on consumers, the market is segmented into B2B and B2C. The B2C segment is projected to represent a key share of the market during the forecast period. Consumers prefer to shop in the B2C sector, particularly for tiny and easily replaceable items like brake components and accessories. The growth of the segment is attributed to access to a great collection of online material on part selection and purchase. The B2C segment is primarily driven by the availability of low-cost products. Consumers' choices have been extended by features such as compare and buy and flexible return policies, resulting in smart buying decisions.
On the basis of regions, the global e-commerce automotive aftermarket is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The e-commerce automotive aftermarket in North America is led by the US, which is anticipated to reach 13.5% CAGR during the forecast period. Existence of large firms is expected to boost the regional market by increasing competition.
Asia Pacific is predicted to be a dominant region in the global e-commerce automobile aftermarket, due to many government initiatives in developing countries such as "Digital India" and partnerships between brick-and-mortar retailers and e-commerce platform providers, which are expected to fuel the market in the region.
Segments
Segments Covered in the Report:
By E-commerce Retails
- Direct To Customer
- Third Party Retailers
By Products/Parts
- Universal Joints
- Hub Assemblies
- Wipers
- Gaskets
- Filters
- Lighting
- Spark Plug
- Tires
- Braking
- Steering & Suspension
Accessories
By Consumers
By Regions
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
By Key Players
- Amazon Inc.
- AutoZone
- Alibaba Group
- Arch Auto Parts
- Bosch
- CARiD
- Denso Corporation
Competitive Landscape
The e-commerce automotive aftermarket industry is extremely competitive with a variety of small and major players operating all over the world. Acquisitions and partnerships are pursued by many key players in the industry to acquire a competitive advantage over their competitors by expanding into new markets. Amazon Inc., AutoZone, Alibaba Group, Arch Auto Parts, Bosch, CARiD, and Denso Corporation are among the key players in the global e-commerce automotive aftermarket market.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. E-Commerce Automotive Aftermarket Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. E-Commerce Automotive Aftermarket Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. E-Commerce Automotive Aftermarket Market - Supply Chain
4.5. Global E-Commerce Automotive Aftermarket Market Forecast
4.5.1. E-Commerce Automotive Aftermarket Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. E-Commerce Automotive Aftermarket Market Size (000’ Units) and Y-o-Y Growth
4.5.3. E-Commerce Automotive Aftermarket Market Absolute $ Opportunity
5. Global E-Commerce Automotive Aftermarket Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. E-Commerce Automotive Aftermarket Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global E-Commerce Automotive Aftermarket Demand Share Forecast, 2019-2026
6. North America E-Commerce Automotive Aftermarket Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America E-Commerce Automotive Aftermarket Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America E-Commerce Automotive Aftermarket Demand Share Forecast, 2019-2026
7. Latin America E-Commerce Automotive Aftermarket Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America E-Commerce Automotive Aftermarket Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America E-Commerce Automotive Aftermarket Demand Share Forecast, 2019-2026
8. Europe E-Commerce Automotive Aftermarket Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe E-Commerce Automotive Aftermarket Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe E-Commerce Automotive Aftermarket Demand Share Forecast, 2019-2026
9. Asia Pacific E-Commerce Automotive Aftermarket Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific E-Commerce Automotive Aftermarket Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific E-Commerce Automotive Aftermarket Demand Share Forecast, 2019-2026
10. Middle East & Africa E-Commerce Automotive Aftermarket Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa E-Commerce Automotive Aftermarket Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa E-Commerce Automotive Aftermarket Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global E-Commerce Automotive Aftermarket Market: Market Share Analysis
11.2. E-Commerce Automotive Aftermarket Distributors and Customers
11.3. E-Commerce Automotive Aftermarket Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Amazon Inc.
11.4.2.
AutoZone
11.4.3.
Alibaba Group
11.4.4.
Arch Auto Parts
11.4.5.
Bosch
11.4.6.
CARiD
11.4.7.
Denso Corporation