The e-commerce automotive aftermarket refers to the online sale and distribution of vehicle parts and accessories through electronic means. This enables both individual consumers and businesses to purchase automotive components over the internet, offering a convenient, accessible and often cost-effective alternative to traditional brick-and-mortar stores. The e-commerce platform allows for the sale of a vast array of automotive parts, including engine components, drive transmission, steering parts, suspension and braking parts, equipment, electrical parts and other miscellaneous components necessary for vehicle maintenance and enhancement.
The e-commerce automotive aftermarket market consists of sales of automotive parts and accessories through the online channel. In the automotive aftermarket e-commerce space, customers can browse and purchase a wide range of products such as replacement parts such as brakes, filters, belts; performance upgrades, accessories such as floor mats, car covers and even services like installation or repair manuals.
The global e-commerce automotive aftermarket market was valued at $47,214.2 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 11.0%.
Impact of E-Commerce Growth on the E-Commerce Automotive Aftermarket
The growth in e-commerce drove the growth of the e-commerce automotive aftermarket during the historic period. E-commerce is useful in the sales of automotive aftermarket products online as it offers convenience, ease of purchase and home delivery of products. For instance, according to the United Nations Conference on Trade and Development, a body of the United Nations Secretariat, global e-commerce sales jumped to $26.7 trillion in 2019 and online retail sales of commodities increased from 16% in 2019 to 19% in 2020. Therefore, the growth in e-commerce supported the growth of the e-commerce automotive aftermarket.
Focus On Launch Of E-Commerce Platforms
Companies in the e-commerce automotive aftermarket market are focusing on launching e-commerce platforms to improve shopping experience and meet changing consumer demands. E-commerce platforms are designed to provide customers with access to a wide range of automotive aftermarket products and services. For example, in November 2022, Alfardan Commercial, a Qatar-based automotive aftermarket distributor, launched an e-commerce platform, www.alfardancommercial.com, providing customers with access to a variety of aftermarket car parts, including batteries, lubricants, tires and other items and services for car maintenance. The e-commerce platform will be available in both Arabic and English and it offers features like dynamic search engines, product promotions and Fit and Fix Service for express and premium services.
The global e-commerce automotive aftermarket market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 19.96% of the total market in 2022.
E-Commerce Automotive Aftermarket Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global e-commerce automotive aftermarket market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for e-commerce automotive aftermarket? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The e-commerce automotive aftermarket market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider e-commerce automotive aftermarket market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions, and explanations about the e-commerce automotive aftermarket market.
- Key Trends- Highlights the major trends shaping the e-commerce automotive aftermarket market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on the global and regional markets, providing strategic insights for businesses in the e-commerce automotive aftermarket market.
- Global Market Size and Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by component and by channel in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for e-commerce automotive aftermarket providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope:
Markets Covered:
- 1) By Type: B2C (Business-To-Consumer); B2B (Business-To-Business)
- 2) By Component: Engine Parts; Drive Transmission And Steering Parts; Suspension And Braking Parts; Equipment; Electrical Parts; Other Components
- 3) By Channel: Third-Party Retailer; Direct-To-Consumer; Standalone E-Tailer
- Companies Mentioned: AutoZone Inc; Amazon.com Inc; Advance Auto Parts Inc; Robert Bosch GmbH; O'Reilly Automotive Inc.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; e-commerce automotive aftermarket indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.