The Global Ecommerce Automotive Aftermarket Size is estimated to be valued over USD 11.3 billion in

Global Ecommerce Automotive Aftermarket Size Analysis

The Global Ecommerce Automotive Aftermarket Size is estimated to be valued over USD 11.3 billion in 2018 and will register a CAGR of 13.1% to create high revenue opportunity for industry players during the forecast period (2018-2028).

Industry players witnessed higher than standard growth in online sector. Changing consumer preference and ease of doing business has led OEM and aftermarket channel to boost online platform.

As of 2017, automotive online sales channel accounted for 15% of global aftermarket value. This will increase to 25% by end of 2028. As such, there exists very high potential for industry players to capitalize on.

Global Ecommerce Automotive Aftermarket Drivers and Challenges

Growth in ecommerce automotive aftermarket revenue is attributed to various factors – being primarily driven by dynamic consumer solutions. Ecommerce has led to wide range of flexibility for end-use consumers. Moreover, the process is 2X faster compared to offline mode. Moreover, presence of ecommerce is widely seen as a trust source among consumers. This in turn has led various mid-size and large scale companies to implement ecommerce based business model.

Emergence of artificial intelligence (AI) creates a favorable business environment for aftermarket players. Artificial intelligence helps in offering personalized services to end-use consumer and tracks consumer preferences thereby offering crucial insights and intelligence needed to proliferate the business. Other key factors enhancing the consumer experience is discussion and interaction on online portals along with lower pricing on these channels.

Companies need to ensure prevention from counterfeiting in order to accelerate the business worldwide. No regulatory compliances on online mode has resulted in substantial pressure on e-commerce players.

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Global Ecommerce Automotive Aftermarket Analysis, By Business Platform

Third party channels will lead the global sales throughout the forecast period. Most companies operate through third party channels in order to reach large number of consumers. Third party vendors have strong market presence and are credible business channels for consumes. As such, automotive ecommerce market will flourish on these platform during the forecast period.

Company oriented business channel will see substantial growth, however, at slower pace.

Global Ecommerce Automotive Aftermarket Outlook, By Consumer

Based on consumer, the industry is analyzed across B2B, B2B2C and B2C model. B2C will create highest revenue opportunity for industry players and will grow above industry average.

Global Ecommerce Automotive Aftermarket Size and Forecast: Regional Analysis

Globally developed regions will dominate the sales with North America and Western Europe collectively accounting for over 66% of ecommerce automotive aftermarket share in 2017. North America has well developed ecommerce channel with presence of large number of companies offering customized solutions to the clients. As such, the penetration level of aftermarket on internet platform is 5X higher than that in Asia Pacific. On a broader level, ecommerce business is growing at an average rate of 16% in North America. Among these over 46% of total sales is through Amazon in 2017. Growing presence of ecommerce business will impact the automotive industry and will have higher sales presence during the forecast period.

In Western Europe, Germany accounted for majority of the sales presence. In 2017, it accounted for 25% of regional sales followed by France and U.K. The automotive aftermarket in Germany was valued over US$ 50 billion in 2017. A major chunk of this share will be captured by online business in next six years.

Asia Pacific will register fastest growth creating high market opportunity for industry players. It is expected to surpass North America sales by 2021 – become the market leader with high valuation. China, Japan and India will account for over 85% of regional share by 2021.

Global Ecommerce Automotive Aftermarket Size and Forecast: Competition Landscape

Some key ecommerce automotive aftermarket players are Tyre24Group, Amazon, E-bay, Delticom, eBay Motors, Pep Boys, Denso Corporation, Advance Auto Parts, CARiD, O’Reilly Auto Parts, AliExpress, Auto Zone, Bosch, Napa Auto Parts. All these players have their own sets of unique business models and strategies. For instance, while Amazon leads the global share and is engaged in supplying of wide range of automotive parts, Delticom primarily focusses on tires segment.

Ecommerce Automotive Aftermarket Industry Segmentation

By Business Model:

• Third Party Vendors
• Independent Vendors

By Consumer:

• B2B
• B2B2C
• B2C

What Will You Discover in the Report?

• An in-depth analysis of the Ecommerce Automotive Aftermarket across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
• How the Ecommerce Automotive Aftermarket sales is expected to grow throughout the forecast period.
• How geopolitical policies and technological changes will affect the Ecommerce Automotive Aftermarket in near future
• Where the stakeholders should invest to generate higher profit margins
• How consumers (end-users) will reflect to the Ecommerce Automotive Aftermarket industry during the forecast period
• Who are the Ecommerce Automotive Aftermarket industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

• Ecommerce Automotive Aftermarket Industry Suppliers
• Ecommerce Automotive Aftermarket Industry Manufacturers
• Consultants and Analysts
• Researchers
• Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Ecommerce Automotive Aftermarket research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

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