E-Commerce Automotive Aftermarket Size to Witness Huge Growth by 2027

According to the research report titled ‘E-Commerce Automotive Aftermarket Size By E-Commerce Retail (Third Party Retailers, Direct To Customer), By Product (Parts [Braking {Brake Pads, Hydraulics & Hardware, Rotor & Drum}, Steering & Suspension {Control Arms, Ball Joints, Tie Rods, Sway Bar Links, Bushings, Bearings/Seals, Coil Springs}, Hub Assemblies, Universal Joints, Gaskets, Wipers, Filters, Lighting, Spark Plug, Tires], Accessories [Interiors, Exteriors]), By Consumer (B2C, B To Big B, B To Small B), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, e-commerce automotive aftermarket size is anticipated to widen at an appreciable growth rate during the forecast period 2021-2027.

As per the findings of the report, surging consumer demand for e-commerce all around the world is primarily driving e-commerce automotive aftermarket growth. Moreover, vast range of products available on online retail platforms is expected to enhance the market outlook over the projection period.

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Elaborating on the COVID-19 pandemic, the growth of e-commerce was one of the most important trends in automobile industry, as well as other industries. During the pandemic, the rapidly progressing e-commerce sector further gained traction. This resulted in a spike industry demand as consumer preferences greatly shifted towards online buying due to fears of virus transmission.

Based on consumer, B to Big B sub-segment is expected to exceed USD 12 billion by the end of projection period. The channel is widely favored since it offers accessibility to several products at a lower price point with rapid delivery.

From a regional perspective, the geographies covered in e-commerce automotive aftermarket report are North America (U.S., Canada), Europe (UK, Germany, Spain, France, Italy, Russia, Poland, Benelux), Asia Pacific (Japan, China, India, South Korea), MEA (Saudi Arabia, South Africa, UAE), and Latin America (Mexico, Argentina, Brazil).

Among the aforementioned, Latin America is expected to capture a considerable share of the overall market revenue. Escalating car production in Brazil and Mexico is expected to boost regional market expansion. Moreover, rising resource availability combined with development of a standard production process and manufacturing facilities will significantly add to the industry growth in the region.

Considering the competitive landscape, Robert Bosch GmbH, Arch Auto Parts, Amazon.com Inc., Auto Zone Inc., AutoAnything Inc., Advance Auto Parts Inc., Alibaba Group, JC Whitney & Co., eBay Inc., Flipkart, NAPA Auto Parts, and RockAuto LLC , O’Reilly Automotive Inc., Tire Rack, Sears, and CarParts.com Inc. (formerly U.S Auto Parts Network, Inc.) are among the major companies influencing e-commerce automotive aftermarket trends.

Industry players are emphasizing on product development and innovation, partnerships, and acquisitions to capitalize on the opportunities in the market. For instance, HDA Truck Pride, a large heavy-duty truck parts seller based in North America, announced a partnership with PhaseZero in June 2021 to provide e-commerce solutions to its distributor members.

Questions and answers: E-commerce automotive aftermarket

Question 1: Which are the leading contenders in the e-commerce automotive aftermarket?

Answer 1: Robert Bosch GmbH, Arch Auto Parts, Amazon.com Inc., Auto Zone Inc., AutoAnything Inc., Advance Auto Parts, Alibaba Group, JC Whitney & Co., eBay Inc., Flipkart, Napa Auto Parts, and RockAuto LLC , O’Reilly Auto Parts, Tire Rack, Sears, and UCarParts.com Inc. are among the top contenders in the market.

Question 2: What are the major growth drivers of e-commerce automotive aftermarket?

Answer 2: Escalating consumer demand for e-commerce along with access vast product portfolios available on online retail platforms are fueling the industry growth.

Question 3: What are the growth prospects of Latin America e-commerce automotive aftermarket?

Answer 3: Latin America will account for a significant portion of the overall market revenue, creditable to rising car production in Brazil and Mexico and establishment of a standard production process. Moreover, expanding manufacturing facilities and rising resource availability are adding to the regional market development.

Complete Report At: https://www.marketstudyreport.com/reports/e-commerce-automotive-after-market?utm_source=Marketwatch.com&utm_medium=AN

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