According to MRFR analysis, the E-Commerce Automotive Aftermarket Market CAGR (growth rate) is anticipated to be approximately 13.1% over the forecast period (2024-2032).
The e-commerce automotive aftermarket industry is being pushed by a number of factors, including the growing popularity of online shopping, the growing need for convenience and efficiency, and the increasing penetration of internet connection. Furthermore, the availability of a diverse selection of automotive parts and accessories online, as well as the competitive price provided by e-commerce platforms, are driving market expansion. The e-commerce automotive aftermarket sector is primarily driven by the preference for online shopping. Nowadays, many customers choose to acquire automobile parts and accessories online since it is more convenient and allows them to choose from a larger selection of products. At the same time, you can compare prices and read user reviews.
Market Segment insights
The e-commerce automotive aftermarket market is divided into the following categories: engine parts, brakes, suspension and steering, tires, wheels, lights and bulbs, batteries, filters, fluids, intake and exhaust systems, electronics, interior and exterior accessories, coatings, sealants, and others.
The market is divided into three categories: genuine parts, OEM parts, and aftermarket parts.
The ecommerce automotive aftermarket industry is divided into four segments based on vehicle type: passenger cars, commercial vehicles, motorcycles, and off-highway vehicles.
The ecommerce automotive aftermarket market has been divided into two segments based on vehicle propulsion: ICE vehicles and electric vehicles.
The e-commerce automotive aftermarket market is divided into two segments based on channel: B2B and B2C.
Regional insights
The automotive business in North America is well-established, and consumers are increasingly acquiring car parts and accessories through online marketplaces. The existence of big e-commerce businesses, such as Amazon and eBay, has aided the expansion of this segment.
Europe has a substantial automobile aftermarket industry, and consumers are more comfortable making online transactions. Government rules and measures to promote e-commerce, such as the European Union's Digital Single Market policy, are also likely to stimulate growth in this market.
In 2023, the Asia-Pacific segment dominated the market, accounting for 32.33%. The Asia-Pacific area is predicted to grow significantly in the future years as e-commerce penetration increases in emerging nations like India and China.
South America and the Middle East and Africa (MEA) are also significant regions for the e-commerce automotive aftermarket sector. These regions are seeing an increase in demand for automobile parts and accessories, and e-commerce is becoming a popular way to buy them.
Major Players
NAPA Auto Parts, O'Reilly Auto Parts, Advance Auto Parts, com, Pep Boys, Summit Racing Equipment, Amazon, AutoAnything, ECS Tuning, McGard, AutoZone, RockAuto, and Jegs are among the key players in the e-commerce automotive aftermarket business.
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