Demand Supply Scenario of E-Commerce Automotive AfterMarket to Remain in Equilibrium During 2027

E-commerce automotive aftermarket is poised to witness a tremendous growth over the forecast period of 2020 to 2026 on account of growing digitization of sales channels along with increased inclination of industry players to advertise and sell their products through e-commerce websites. Furthermore, advanced algorithms and bigdata allow automotive manufacturers to acquire and process large amounts of data enabling them to target specific advertisements to the consumers and cater to their needs accordingly. Besides, e-commerce companies such as AutoZone and Amazon are primarily using this data-driven approach for positioning of exclusive product advertisements providing the customers a convenient way for online purchase.

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According to Global Market Insights, Inc. report, e-commerce automotive aftermarket size is projected to register USD 135 billion by 2026, given the prominence of below mentioned trends:

Burgeoning demand for automotive replacement parts

Increasing average age of passenger and commercial vehicles, especially across developed economies, has evoked the demand for repair and maintenance parts. Citing an instance, in the U.S., the average age of passenger cars has shown a continuous rise throughout last three decades recording 9.0 in 2001, 9.5 in 2009 and 10.1 in year 2017. Speaking of developing countries, the suboptimal quality of highway and transport infrastructure is expected to instigate the demand for automotive replacement parts, thereby propelling e-commerce automotive aftermarket growth.

Third-party retailers opting for online distribution

Third- party retailers segment comprising auto centers, independent repair shops, franchisee repair shops and authorized repair shops, are majorly opting for online distribution channels to increase their profit margins. Additionally, increased usage of mobile and enhanced internet infrastructure will stimulate the segment penetration.

Increasing popularity of e-commerce platforms across braking components segment

Braking components segment is likely to depict a CAGR of 14.5% through 2026, attributing to the presence of brake component manufacturers, ranging from multinational corporations such as Bosch, Brembo and Akebono to several other small-scale companies. The large-scale companies like Bosch have their own well-established online sales channels, whereas, the small-scale enterprises are largely placing their products on e-commerce platforms to support domestic as well as international customers, thereby significantly contributing to the industry growth.

B to big B segment witnessing rising online purchases

B to big B e-commerce automotive aftermarket is estimated to register a CAGR of 15% over the analysis timeline considering the increasing online purchases in bulk by tier-1 suppliers in order to provide equipment or system directly to OEMs. Various automotive component/parts manufacturers are now inclined towards investing in online platform for increasing their profit margins. Further, distribution of B to Big B automotive aftermarket predominantly comprises of fast-moving and standardized automotive parts and commercialization of delivery services in conjunction with availability of product at competitive prices will positively influence the segment growth.

Rising demand across Europe

Europe e-commerce automotive aftermarket is projected to witness a CAGR of 14% over the forecast period owing to the presence of well-developed infrastructure for e-commerce across several countries in the region. Moreover, shifting consumer preference towards online purchase of automotive parts on account of competitive pricing is further adding to the regional growth.

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According to the Society of Motor Manufacturers and Traders, automotive parts in the UK has shown remarkable transformation with the emergence of e-commerce and shifting preferences of car owners. One in three British residents visit eBay.co.uk every month and it is growing as a popular marketplace for automotive parts in the country.

Partial Chapter of the Table of Content

Chapter 1   Methodology and Scope

1.1    Market definitions

1.2    Base estimation & working

1.2.1    North America

1.2.2    Europe

1.2.3    Asia Pacific

1.2.4    Latin America

1.2.5    MEA

1.3    Forecast calculation

1.3.1    COVID-19 impact calculations on industry forecast

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1    E-commerce automotive aftermarket industry 3600 synopsis, 2017 – 2027

2.1.1    Business trends

2.1.2    E-commerce retail trends

2.1.3    Parts trends

2.1.4    Consumer trends

2.1.5    Regional trends

Chapter 3   E-commerce Automotive Aftermarket Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2017 – 2027

3.2.1    COVID-19 impact on industry landscape

3.3    Industry ecosystem analysis

3.3.1    Manufacturers

3.3.2    Distribution channel analysis

3.3.3    Value chain disruptions due to COVID-19

3.3.4    Vendor matrix

3.4    Technology landscape

3.5    Regulatory landscape

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    North America

3.6.1.1.1    Increasing e-commerce platforms and acquisitions

3.6.1.2    Europe

3.6.1.2.1    Growth in e-commerce spending

3.6.1.3    Asia Pacific

3.6.1.3.1    Shifting trend toward brick & click business model

3.6.1.4    Latin America

3.6.1.4.1    Increasing automotive production and presence of auto players

3.6.1.4.2    Increasing average vehicle age

3.6.1.5    MEA

3.6.1.5.1    Shifting trend toward digitalization

3.6.2    Industry pitfalls & challenges

3.6.2.1    Cybersecurity challenges

3.6.2.2    Proliferation of counterfeit parts

3.7    Innovation & sustainability

3.8    Growth potential analysis

3.9    Porter’s analysis

3.10    Competitive landscape, 2019

3.10.1    Company market share analysis, 2019

3.10.2    Strategy dashboard

3.11    PESTEL analysis

3.12    COVID-19 impact on automotive industry

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