Automotive E-tailing Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive E-tailing Market Analysis
The Automotive E-tailing Market was valued at USD 48.5 billion in 2021 and is expected to reach USD 87.98 billion by 2027, growing at a CAGR of 12% over the forecast period (2022 - 2027).
The COVID-19 pandemic had a mixed impact on the automotive e-tailing market, as lockdowns and shutdown of manufacturing units in the initial phase of COVID-19 restricted the production across the automotive industry and a simultaneous slowdown in demand for components in the market. However, as online shopping picked up, the demand for automotive components across various internet mediums started seeing positive trends. A growing customer base is likely to continue over the forecast period.
Increasing awareness towards the Internet use by consumers and growing consumers' inclination towards online shopping owing to benefits like availability of a broad range of products, availability of branded automotive components, etc. Furthermore, increasing investments in e-commerce platforms and easy availability of cheap automotive spare parts are expected to drive demand in the market during the forecast period.
However, cybercrimes related to online transactions, lack of efficient operational activities, such as late or inaccurate delivery of products that leads to reduced value for customers, and intanthe gible nature of the retailing business make customers skeptical about the services. The increasing presence of counterfeiting automotive parts in the market is also anticipated to limit the growth of the automotive E-tailing market.
In addition, the growing vehicle parc and the used car market are expected to offer opportunities for players to operate. Furthermore, SMBs and increased spending on e-commerce platforms support overall market growth during the forecast period. The Asia-Pacific region is expected to hold a dominant share in the market over the forecast period; China is likely to stand as the largest market, followed closely by the United States, because of its advanced technological infrastructure, high internet penetration, and huge vehicle population.
Automotive E-tailing Market Trends
This section covers the major market trends shaping the Automotive E-tailing Market according to our research experts:
The Infotainment and Multimedia Segment to Hold Major Share in the Market
The automotive infotainment and multimedia market has dynamic divisions, including OEMs and aftermarket players. The automotive e-tailing market is at a convergent point where startups are coming up with more services and offers and are providing the latest technology products, such as sophisticated entertainment and information systems, without compromising on the safety quotient of the vehicle.
Infotainment and multimedia are the collection of hardware and software that provides audio and video entertainment. These infotainment and multimedia systems include applications such as dashboards, connectivity devices comprising Bluetooth, and audio-video systems. Increasing demand for advanced convenience and comfort systems will grow the infotainment and multimedia market.
Consumers, especially the younger generation, are more digitally oriented, which is expected to impact the next vehicle brand purchase decision. For example, more than 70% of younger millennials cite technology and infotainment features as a must when purchasing a car. Along with these, the higher penetration rate of mobiles influences the buying channels.
The online demand for infotainment and multimedia products is also getting influenced by factors such as free shipping, more customer reviews about the product, and huge varieties in the product list, along with customization options. The automotive infotainment and multimedia products' demand through e-tailing is growing swiftly as the penetration rate of IoT is gaining traction from consumers.
North America Region is Anticipated to Play a Significant Role in the Market
The United States is expected to hold a dominant share in the entire North American region and is likely to occupy a major market share in the overall market during the forecast period. Online and mobile channels are expected to drive demand in the region as sales of auto parts across various online mediums are picking up over recent years.
Rising demand for hassle-free purchasing, the presence of well-developed infrastructure, the growing preference of regional consumers for online shopping, and the high demand for premium and luxury cars will considerably drive the market growth in the North American region. In addition, key automotive e commerce companies in the region, such as Alibaba Group, Amazon.com, Ebay Inc., and Flipkart Internet Private Limited, further create a positive market environment.
Amazon announced its entrance into the auto parts market. Amazon announced this as the company has struck deals with major auto parts suppliers in the country, including Robert Bosch, Federal-Mogul, Dorman Products, and Cardone Industries, to sell their auto parts directly through Amazon. The company has kept its auto parts prices averagely of 23% less than its brick-and-mortar rivals, such as Autozone, Advance Auto Parts, and O'Reilly Auto Parts.
E-tailing sellers continue to expand their auto parts businesses and improve their quick, on-time parts delivery services. Moreover, several niche online auto parts retailers are also doing great work by serving the very narrow segments of the auto parts market. This may also help boost e-tailing auto parts sales in the North American region over the forecast period.
Automotive E-tailing Industry Overview
The automotive e-tailing market is dominated by several players, like AutoZone Inc., Alibaba Group Holding Limited, Amazon.com Inc., Walmart Inc., eBay Inc., O'Reilly Automotive Inc., and Flipkart. The market has witnessed several developments in vehicle manufacturers establishing their e-commerce portals and e-commerce giants acquiring local companies to expand their footprint worldwide. A few such instances are mentioned below:
- In 2021, Walmart developed new technology to allow shoppers to buy items online and pick up the purchases at the store. These businesses also will be able to add products to Walmart's online marketplace with just a few clicks. To offer a suite of cloud-based services, Walmart has partnered with Adobe, which will sell the software through a subscription.
- In 2021, Amazon announced that it would acquire Catamaran's stake in Prione Business Services. Prione Business Services provides digital and internet services to Indian small and medium-sized businesses, while Catamaran is a venture capital and private equity investment firm.
- In 2019, Online commerce giant eBay relaunched its dedicated mobile app for car sellers and buyers. The eBay Motors app has been in beta for a few months, and version 1.0 is now live for Android and iOs. The new incarnation sports several notable automated features to help people sell their vehicles, including an image-categorization tool that groups photos by type. It was built using Google's Auto ML Vision Edge tool for Firebase.
Automotive E-tailing Market Leaders
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Amazon.com, Inc.
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Alibaba Group Holding Limited
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AutoZone, Inc.
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Walmart Inc.
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eBay Inc.
*Disclaimer: Major Players sorted in no particular order
Automotive E-tailing Market News
- In February 2021, CarParts.com Partnered with McDowell and Front Row Motorsports (FRM) CarParts.com partnered with Front Row Motorsports (FRM) and McDowell on several contests, sweepstakes, promotions, and other activities to get more involved in the spark engagement and sport.
- In February 2021, Advance Auto Parts Entered into an Innovative Partnership with NASCAR and Team Penske 2021. Advance Auto Parts entered into an innovative partnership with the National Association for Stock Car Auto Racing, LLC (NASCAR) and Team Penske. Throughout 2021, Advance Auto Parts will use its associate sponsorship of Ryan Blaney's No. 12 Ford to showcase NASCAR-sanctioned local short tracks across Canada and the U.S.
- In November 2021, Car parts retailer Advance Auto Parts rolled out Carquest by Advance, targeting the do-it-yourself approach to automotive repair and independent owners who get more operations and merchandising support from Advance. Carquest by Advance stores feature a selection of DIY auto parts and products from Advance, including DieHard batteries, and allows independent owners to tap into Advance's network of supplier partners and work with local suppliers to carry specific parts that meet their customers' needs.
- In December 2021, Alibaba Group Holding Ltd announced reorganizing its international and domestic (China) e-commerce businesses to become more agile and accelerate growth. The international digital commerce unit will house Alibaba's overseas consumer-facing and wholesale businesses, including AliExpress, Alibaba.com, and Lazada.
Automotive E-tailing Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Component Type
5.1.1 Electrical Components
5.1.2 Infotainment and Multimedia
5.1.3 Engine Components
5.1.4 Tires and Wheel
5.1.5 Other Component Types
5.2 By Vehicle Type
5.2.1 Passenger Cars
5.2.2 Commercial Vehicles
5.2.3 Two-wheelers
5.3 By Vendor Type
5.3.1 OEM
5.3.2 Third-party Vendor
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Amazon.com Inc.
6.2.2 Alibaba Group Holding Limited
6.2.3 AutoZone Inc.
6.2.4 Walmart Inc.
6.2.5 eBay Inc.
6.2.6 Robert Bosch GmbH
6.2.7 O'reilly Automotive Inc.
6.2.8 Delticom AG
6.2.9 Advance Auto Parts Inc.
6.2.10 Flipkart
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Automotive E-tailing Industry Segmentation
The Automotive e-tailing market report covers the increased demand for automotive parts and components through e-commerce, analysis of the sales channel type, new players entering the market, and the competitive landscape of major players operating in the market. The report's scope covers segmentation based on Vehicle Type, Component Type, Vendor type, and geography.
The market is segmented by Vehicle Type: Passenger Cars, Commercial Vehicles, and Two-wheelers. By Component Type, the market is segmented into Electrical Components, Infotainment and Multimedia, Engine Components, Tires and Wheel, and Other Component Types.
By Vendor Type, the market is segmented by OEM and Third-party vendors. By Geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. For each segment, market sizing and forecasting are based on value (USD billion).
| By Component Type | |
| Electrical Components | |
| Infotainment and Multimedia | |
| Engine Components | |
| Tires and Wheel | |
| Other Component Types |
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles | |
| Two-wheelers |
| By Vendor Type | |
| OEM | |
| Third-party Vendor |
| By Geography | |||||||
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Automotive E-tailing Market Research FAQs
What is the current Automotive E Tailing Market size?
The Automotive E Tailing Market is projected to register a CAGR of 12% during the forecast period (2024-2029)
Who are the key players in Automotive E Tailing Market?
Amazon.com, Inc., Alibaba Group Holding Limited, AutoZone, Inc., Walmart Inc. and eBay Inc. are the major companies operating in the Automotive E Tailing Market.
Which is the fastest growing region in Automotive E Tailing Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive E Tailing Market?
In 2024, the North America accounts for the largest market share in Automotive E Tailing Market.
What years does this Automotive E Tailing Market cover?
The report covers the Automotive E Tailing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive E Tailing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive E Tailing Industry Report
Statistics for the 2024 Automotive E Tailing market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Automotive E Tailing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
