Automotive Aftermarket eRetailing Market by Product (Accessories, Performance Parts, Replacement Parts), Vehicle Type (Commercial Vehicles, Passenger Cars) - Global Forecast 2024-2030

SKU
MRR-B16853778809
Region
Global
Publication Date
September 2024
Delivery
Immediate
2023
USD 72.99 billion
2030
USD 142.26 billion
2024
USD 79.63 billion
CAGR
10.00%
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[191 Pages Report] The Automotive Aftermarket eRetailing Market size was estimated at USD 72.99 billion in 2023 and expected to reach USD 79.63 billion in 2024, at a CAGR 10.00% to reach USD 142.26 billion by 2030.

The automotive aftermarket eRetailing sector refers to the online sale and distribution of automotive parts, accessories, and services post the initial vehicle sale. This category includes replacement parts, enhancement products, and maintenance services such as tire replacements and oil changes. The automotive aftermarket eRetailing market is flourishing with the increasing dependence on digital platforms for purchasing automotive parts, accessories, and services following the initial vehicle sale. This sector covers a broad range of products, including replacement parts such as engines and transmissions, enhancement accessories such as audio systems, and maintenance services, including tire replacements and oil changes. Additionally, the increase in vehicle ownership, the trend toward vehicle longevity, and growing consumer trust in online transactions supported by robust logistics networks are significantly driving the market growth. However, the market faces limitations such as supply chain disruptions affecting product availability, intense competition requiring continual innovation and competitive pricing, customer trust issues related to counterfeit products and fraud, and the complexity of navigating diverse regional regulations. Moreover, the adoption of AI and machine learning to personalize customer experiences and predict maintenance needs, the expansion of mobile platforms to attract younger demographics, strategic collaborations and partnerships with automotive manufacturers and logistics companies, and a focus on sustainable practices create opportunities for market growth. Areas of innovation and research include big data analytics for consumer behavior insights and trend predictions, augmented reality (AR) for virtual product trials and fitment, blockchain technology for transparent and secure transactions, and the development of green automotive products meeting the rising demand for sustainability opens new avenues for the automotive aftermarket eRetailing sector market growth.The automotive aftermarket eRetailing industry is robust across various geographies, each with unique consumer needs and regulatory landscapes. High vehicle ownership and mature e-commerce frameworks drive consumers to prefer convenience and quick delivery in the United States and Canada. The European Union (E.U.) prioritizes quality, reliability, and green automotive products, with Germany and France being major players. Middle Eastern consumers demand luxury and performance parts, whereas African markets focus on affordability and availability, with the UAE and South Africa being key trade hubs. China and Japan are pivotal global suppliers, with Chinese consumers seeking competitive pricing and variety and Japanese consumers prioritizing high-quality, innovative products. A robust automotive market and increased digital adoption in India highlight cost-effective solutions for an aging vehicle fleet. Asia-Pacific regions favor cost efficiency and mobile commerce, supported by government investments in digital infrastructure. North American consumers appreciate the convenience and after-sale service in the Americas, while emerging Latin American markets benefit from increased internet access. The EMEA region varies significantly, with Europe focusing on sustainability, the Middle East on luxury, and Africa on affordability. The automotive aftermarket eRetailing sector varies significantly across geographies, shaped by unique regulatory frameworks and strategic vendor responses. In the United States (U.S.), though stringent regulations on product safety, emissions, and consumer protection exist, vendors adopt A.I. for compliance and transparent supply chains. The European Union (E.U.), with its strong environmental and consumer rights regulations, sees vendors focusing on sustainability, which poses a challenge in balancing innovation and compliance. India’s Automotive Industry Standards (AIS) and Bharat Stage (B.S.) norms drive local manufacturing investments that require continuous adaptation by global players. Developed countries, including the U.S. and the E.U., drive innovations in AI and sustainable materials.
Automotive Aftermarket eRetailing Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Aftermarket eRetailing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increasing popularity of digital channels globally
    • Rising vehicle lifespan and increased investments in infrastructure development
    • Increasing consumption of automotive aftermarket eRetailing among do-it-yourself users
  • Market Restraints
    • High repairing cost of automotive aftermarket eRetailing solutions
  • Market Opportunities
    • Technological advancements and increase in investments in automotive aftermarket eRetailing
    • Development of eco-friendly and sustainable automotive aftermarket eRetailing
  • Market Challenges
    • Stringent regulatory guidelines on the automotive aftermarket eRetailing

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Automotive Aftermarket eRetailing Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Aftermarket eRetailing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Aftermarket eRetailing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Aftermarket eRetailing Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Aftermarket eRetailing Market, highlighting leading vendors and their innovative profiles. These include 1A Auto Inc., Advance Auto Parts Inc., Alibaba Group Holding Ltd., Amazon.com Inc., AutoZone Inc., Buy Auto Parts, CarParts.com Inc., Cummins Inc., Delticom AG, Denso Corp., eBay Inc., Flex-N-Gate Corporation., Genuine Parts Co., HELLA GmbH and Co. KG, Icahn Automotive Group LLC, JEGS High Performance, Keystone Automotive Operations, Inc., LKQ Corp., Magna International Inc., Panasonic Automotive Systems Company, PARTS iD Inc., Robert Bosch GmbH, RockAuto LLC, The Reinalt-Thomas Corp., and Walmart Inc..

Market Segmentation & Coverage

This research report categorizes the Automotive Aftermarket eRetailing Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product
    • Accessories
      • Lighting
      • Seat Covers
    • Performance Parts
      • Exhaust Systems
      • Turbochargers
    • Replacement Parts
      • Brakes
      • Filters
      • Spark Plugs
    • Wheels & Tires
  • Vehicle Type
    • Commercial Vehicles
    • Passenger Cars

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Automotive Aftermarket eRetailing Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automotive Aftermarket eRetailing Market, by Product
  7. Automotive Aftermarket eRetailing Market, by Vehicle Type
  8. Americas Automotive Aftermarket eRetailing Market
  9. Asia-Pacific Automotive Aftermarket eRetailing Market
  10. Europe, Middle East & Africa Automotive Aftermarket eRetailing Market
  11. Competitive Landscape
  12. List of Figures [Total: 19]
  13. List of Tables [Total: 463]
  14. List of Companies Mentioned [Total: 25]
Frequently Asked Questions
  1. How big is the Automotive Aftermarket eRetailing Market?
    Ans. The Global Automotive Aftermarket eRetailing Market size was estimated at USD 72.99 billion in 2023 and expected to reach USD 79.63 billion in 2024.
  2. What is the Automotive Aftermarket eRetailing Market growth?
    Ans. The Global Automotive Aftermarket eRetailing Market to grow USD 142.26 billion by 2030, at a CAGR of 10.00%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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