The eminent competitors in the market are eBay Inc. (U.S.), Tmall.com (China), and Alibaba Group Holding Limited (China), Amazon.com, Inc. (U.S.), Taobao (China), Wal-Mart Stores, Inc. (U.S.), Snapdeal (India), Denso Corporation (Japan), JD.com, Inc. (China), and American Tire Distributors Holdings, Inc. (U.S.) are among others.
The augmented influence of digital transformation on the automotive sector is considered to be beneficial for the progress of the market. The increased popularity of predictive analytics, big data, mobility, and IoT are expected to motivate the market for automotive e-commerce additionally. The collaborations between parts and repair information systems are expected to create new opportunities for the growth of the market in the coming years.
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Segmental Analysis
On the basis of components, the automotive e-commerce market comprises of engine components, infotainment and multimedia, interior accessories, tires and wheels, and electrical product. Based on consumers, the market is segmented into B2B and B2C. Based on Vehicle Type, the automotive e-commerce market consists of passenger and commercial vehicles. The regions considered in the market are Europe, Asia Pacific, North America, Middle East, and Africa.
Detailed Regional Analysis
The global automotive e-commerce market covers regions such as Asia Pacific, North America, Europe, the Middle East, and Africa. The European region is anticipated to control the development of the automotive e-commerce market through the forecast period. The European region is one of the key markets due to the growth in e-commerce in the region. The implementation of e-commerce endorses a superior degree of flexibility and customization expenditure by buyers of automotive components. The mounting preference of customers towards online shopping focusses on a growing realization that products can be purchased at lower prices and a broader range of products or brands. The market will also benefit from the direct advertising potential and the ease and speed, with which businesses can offer their products at the best prices.
The Asia Pacific region is a significant region in the market due to key e-commerce players in the region, such as Amazon.com, Alibaba Group, Flipkart Internet Private Limited to name a few. The launch of initiatives such as Digital India, and collaborations between e-commerce platform providers and brick & mortar stores, are additionally expected to enhance the market. The expansion of the auto parts manufacturing industry in the Asia Pacific is chiefly driven by the rising automobile manufacturing industry, particularly in nations, such as Korea, China, and India. The profitable automotive industry of the region is driving the growth of the online automotive parts and components market in the Asia Pacific region. The foremost e-commerce automotive aftermarket players in the market are primarily concentrating on variation between products and services for increasing their customer base. The rising inclination of market players towards the online sales channel for higher revenue generation is expected to motivate the market in the forecast period.
Competitive Analysis
The strategic goals intended for the market are reinforced due to favorable product differentiation carried out by market competitors. The growth of the market is moving in a favorable direction due to new product launches or rising gross revenue of the players in the market. Significant reductions in administrative costs is inducing further expansion of the market. The vertical additions and product tactics of the market are boosting the potential of the market players. The development of a robust value chain is further motivating the development of the market. Increased adaptability of market players to new market trends and customers inclinations are lifting the growth curve of the market and will continue do so in the forecast period. The successful implementation of strategies is expected to motivate the market in the coming years.
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
Continued…
List Of Tables
Table 1 Global Automotive E-Commerce Market: By Region, 2017-2023
Table 2 North America Automotive E-Commerce Market: By Country, 2017-2023
Table 3 Europe Automotive E-Commerce Market: By Country, 2017-2023
Table 4 Asia Pacific Automotive E-Commerce Market: By Country, 2017-2023
Table 5 RoW Automotive E-Commerce Market: By Country, 2017-2023
Continued…
LIST OF FIGURES
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
Continued…
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