E-commerce Automotive Aftermarket 2021| Industry Size, Trends and Growth by 2027

By Ronak Bora

Europe E-commerce automotive aftermarket is poised to witness commendable growth in the coming years, driven by the increase in digitization of sales channels and the poor quality of transport and highway infrastructure in emerging countries.
Europe e-commerce automotive aftermarket is slated to witness an appreciable CAGR of around 14 per cent. In addition, the presence of supporting e-commerce infrastructure in various European countries will add to the growth of the e-commerce automotive aftermarket in the region. Further, shifting consumer preferences towards online purchase of automotive parts will bolster industry outlook.
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Since the advent of the fourth industrial revolution, technology has been responsible for playing a major role in the transformation of the automotive aftermarket. A remarkable proportion of the automotive industry customers have started opting for online shopping on their mobile phones. The automotive aftermarket has been conventionally driven by the essential upkeep and maintenance of a vehicle. However, the situation is changing in the light of surging consumer inclination towards vehicle personalization.
Sources cite that Big Data and advanced algorithms allow automotive aftermarket companies to collect and process large amounts of data. This in turn helps e-commerce platforms place exclusive advertisements catering to the multifarious customer requirements. Highly efficient automotive e-commerce solutions provided by major players such as AutoZone and Amazon are likely to impel automotive aftermarket e-commerce business through 2026.
In the recent decades, auto parts manufacturers have started opting for online portals to increase their profit margins. The associated commercialization of delivery services will boost B to big B e-commerce automotive aftermarket in the years to come. The B to big B segment is expected to depict a CAGR of nearly 15 per cent during the estimated timeframe. This segment distribution chiefly comprises fast moving and standardized automotive components.
Braking components are also estimated to depict a CAGR of around 14.5 per cent over the forecast period. The presence of several large-scale brake component manufacturers, including Akebono, Brembo, Bosch, and others, will augment industry expansion. Small scale brake component manufacturers have also started listing their products on e-commerce websites to support domestic and international consumers, further propelling business outlook.
In essence, a persistent upsurge in the average lifetime of household passenger wheels in the U.S. over the past three decades depicts the demand for various e-commerce automotive aftermarket products. The increasing average of passenger and commercial vehicles, especially in developed countries, has caused an unprecedented rise in the demand for repair and maintenance parts, impelling e-commerce automotive aftermarket expansion in the coming years.
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Partial Chapter of the Table of Content
Chapter 4   E-commerce Automotive Aftermarket, By E-commerce Retail
4.1    Global Market share by e-commerce retail, 2020 & 2027
4.2    Third party retailers
4.2.1    Market estimates and forecast, 2017 - 2027
4.2.2    Market estimates and forecast, by region, 2017 - 2027
4.3    Direct to customers
4.3.1    Market estimates and forecast, 2017 - 2027
4.3.2    Market estimates and forecast, by region, 2017 - 2027
Charts & Figures
FIG 1    Industry segmentation
FIG 2    Industry landscape, 2017 - 2027 (USD Million)
FIG 3    Industry ecosystem analysis
FIG 4    Industry impact forces
FIG 5    Company market share analysis, 2020
FIG 6    Porter’s analysis
FIG 7    PESTEL analysis
FIG 8    Market share by e-commerce retail, 2020 & 2027
FIG 9    Market share by parts, 2020 & 2027
FIG 10    Market share by consumer, 2020 & 2027
FIG 11    Market share by region, 2020 & 2027
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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