The global automotive e-commerce market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of automotive e-commerce market is influenced by the aging vehicle fleet, digitization of channels and interfaces, growth of global e-commerce industry and higher price transparency & greater diversity of parts. Identification of the damaged parts and installation of the parts that have been purchased online, are expected to hinder the growth of the automotive e-commerce market.
Automotive E-Commerce Market Key Companies Analyzed In This Report:
Amazon.com, Inc. (U.S.), Taobao (China), eBay Inc. (U.S.), Tmall.com (China), Alibaba Group Holding Limited (China), Wal-Mart Stores, Inc. (U.S.), Snapdeal (India) and JD.com, Inc. (China), Denso Corporation (Japan), and American Tire Distributors Holdings, Inc.(U.S.).
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Market Research Analysis:
Displaying and managing large auto parts inventories can be overwhelming. More buyers are expecting the convenience and simplicity of ordering online as opposed to traditional catalogs. Various requirements, and numerous product specifications in automotive market, make it difficult for customers to estimate the cost of services or a product. The e-commerce platform helps to solve this problem by making it easy for customers to compare products and prices. Geographically, North America region is expected to grow rapidly in the global automotive e-commerce market. Numerous e-commerce players in North America are providing additional information and installation guides to customers to increase the number of do-it-yourself (DYI) customers. U.S. and Canada are the two leading markets in North America.
The automotive e-commerce market is undergoing various changes with evolving customer expectations, acceleration of technological innovation, and shifts in competitive power. New technologies and major shifts in the aftermarket industry will be crucial factors for the players in order to maintain strong positions in the years to come. The global automotive e-commerce market has been segmented, based on products, of which the braking segment accounted for the largest market share of 28.9% in 2016. This segment is projected to grow at 7.55% CAGR during the forecast period. Filters segment stand at the second place, and are expected to grow further in the forecast period. Automotive e-commerce market is expected to reach market size of USD 24 Million by 2023 at a CAGR of more than 6%.
Scope of the Report:
This study provides an overview of the global automotive e-commerce market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive e-commerce market by its product and region.
The report for Global Automotive E-Commerce Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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