Increasing number of do-it-yourself customers drives expansion of the e-commerce market for the automotive aftermarket: TMR

ALBANY, NY, Dec 1, 2020 / PRNewswire / – The Automotive Aftermarket e-commerce is an e-tailing platform that offers a variety of auto parts to service professionals and home improvement customers. This platform uses the internet to carry out sales activities. Through the aftermarket, a person can purchase a wide range of automotive parts, accessories, equipment and services related to automobiles.

Remarkable expansion opportunities are expected for the e-commerce automotive aftermarket market in the 2018 to 2027 assessment period. This expansion is attributed to many factors, including the outstanding growth of e-commerce platforms and the partnership between brick and mortar stores and e-commerce platform providers.

TMR analysts point out that the global e-commerce automotive aftermarket market is growing at an annual growth rate of over 15% and more than $ 144 million until the end of the forecast period 2018–2027.

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Key Findings of the Automotive Aftermarket E-Commerce Market report

• The global e-commerce automotive aftermarket market is expected to have a valuation of over $ 144 million by the end of 2027.
• This means that the market is likely to grow at a CAGR of over 15% over the 2018-2027 period.
• In terms of the channel, the standalone third-party e-tailer segment held roughly 50% of the total e-commerce market share in the automotive aftermarket in 2018.
• The above-mentioned segment is likely to continue its dominance in the observation period from 2018 to 2027.
• At the regional level, the e-commerce aftermarket market is expected to become the dominant region in the Asia-Pacific region by the end of 2027.

Explore 174 pages of world-class research, incisive insights, and detailed country-level forecasts for the e-commerce automotive aftermarket market (product type – brakes (brake pads, hydraulics, and hardware, plus rotor and drum), steering and suspension (ball joints), tie rods, stabilizers , Bushings, bearings / seals and coil springs) Hub assemblies (wheel ends), universal joints (drive train), seals, wipers, filters (air, oil and cabin air), lighting and spark plugs; by channel – marketplace, independent third-party e-tailer, directly to the customer) – global industry analysis, size, share, growth, trends and forecast 2018 – 2027 at https://www.transparencymarketresearch.com/e-commerce-automotive-aftermarket-market.html

E-Commerce Automotive Aftermarket Market: key factors and promising paths

• It is estimated that the rapid growth in the number of do-it-yourself customers will encourage them to buy auto parts online in the years to come. This scenario is expected to lead to increased sales in the e-commerce automotive aftermarket market.
• Recently, a large customer base around the world is tending to purchase auto parts through e-commerce platforms. Key factors for this change in consumer behavior are the ability of these platforms to provide convenience and flexibility when buying products online.
• Online platforms provide in-depth research and comparison on various key aspects of products, including features, prices, special offers, and delivery speed. Because of all of these important elements or differentiators, DIFM and DIY customers around the world can compare products from numerous online sources as opposed to brick and mortar stores. With all of these characteristics of online shopping, the e-commerce automotive aftermarket market is likely to see a promising rate of expansion in the period ahead.

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Automotive Parts E-Commerce Market: Competitive Assessment

• Major players in the global e-commerce automotive aftermarket market are leveraging various strategic moves including mergers, acquisitions, partnerships, and collaborations. These steps will help them expand their services to a large customer base in all locations around the world.
• Several players in the global e-commerce automotive aftermarket market are increasingly focused on researching online. This tactic helps companies gain insight into current customer needs and adapt their services accordingly. Due to all of these factors, the world market for the e-commerce automotive aftermarket is expected to grow at a decent pace in the period from 2018 to 2027.
• The list of key companies operating in the e-commerce automotive aftermarket market includes Alibaba Group, Advance Auto Parts, AutoZone Inc., Amazon Inc., DENSO Corporation, EBay Inc., National Automotive Parts Association, and Pep Boys .

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the E-commerce automotive aftermarket market can be segmented as follows:

Product Type

• Brakes
• Brake pad set
• Hydraulics & hardware
• Rotor & drum
• Steering and suspension
• Control arms
• Ball joints
• Tie rods
• Stabilizer links
• Sockets
• Bearings / seals
• Springs
• Hub assemblies (wheel end)
• Universal joints (drive train)
• Seals
• wiper
• Filters (air, oil and cabin air)
• lighting
• Spark plugs

By channel

• Marketplace
• Standalone third-party e-tailer
• Directly to the customer

geography

• North America
• The USA
• Canada
• the rest of North America
• EMEA
• The UK
• Germany
• France
• Spain
• Italy
• Russia
• Poland
• Nordic
• Benelux.
• the rest of Europe and middle East and Africa
• Asia Pacific (APAC)
• China
• India
• the rest of Asia Pacific
• South America
• Brazil
• the rest of South America

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