The Automotive Aftermarket E-Retailing Market is expected to increase by USD 74380.2 million billion. As per the research report 2024-2028 published by Technavio, the market is expected to grow at a CAGR of 15.94% during the forecast period. The industry is segmented by Product (Wheels and tires, Brakes and brake pads, and Others), Customer Type (DIY customers and Professional customers), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
The Automotive Aftermarket E-Retailing Market refers to the online sales of aftermarket automotive parts and accessories. This sector has experienced significant growth due to the convenience and accessibility it offers to consumers. Key trends include the increasing use of e-commerce platforms, the rise of mobile commerce, and the integration of advanced technologies such as artificial intelligence and machine learning for personalized customer experiences. The market is expected to continue its expansion, driven by increasing vehicle parc and the growing preference for online shopping.
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The North America hold the largest regional market size in the current year. The Automotive Aftermarket E-Retailing industry experiences significant growth, driven by the increasing preference for online shopping and the convenience it offers. Consumers seek out specialized parts and accessories for their vehicles through e-retailers, who leverage advanced technology and comprehensive catalogs to cater to diverse customer needs. Market players focus on enhancing customer experience, expanding product offerings, and implementing effective digital marketing strategies to capture market share.
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The global automotive aftermarket encompasses businesses producing components and equipment for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by automotive components and equipment manufacturers. Key growth drivers in the automotive aftermarket include the rising demand for electronic components in automobiles, such as electronic control units (ECUs) and other electrical components, due to the increasing sales of EVs, motorcycles, and PCs over the past decade.
The Automotive Aftermarket E-Retailing Market is experiencing significant growth, fueled by the Increasing vehicle lifespan leading to vehicle parts growth. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
The Automotive Aftermarket E-Retailing Market is experiencing significant growth due to the increasing demand for 'tyres and wheels' and 'engine components' online. With the rise of 'Internet penetration' and 'mobile commerce', consumers are increasingly turning to 'online platforms' for purchasing 'aftermarket parts' such as 'electrical products', 'powertrain', 'infotainment-multimedia', 'interior accessories', and 'repairs' and 'maintenance' needs. The market for 'Tires and Wheels' and 'Wheels' is particularly robust, as consumers seek to improve their vehicle's performance and appearance. 'Logistics firms' play a crucial role in ensuring 'delivery speed' and 'customer service' to meet the demands of this market. The 'age of vehicle' is also a significant factor, as older vehicles require more frequent repairs and maintenance, leading to a growing demand for 'aftermarket accessories' and 'vehicle parts'. Personalising and designing 'automobiles' is another trend driving growth in the market, as consumers look to make their vehicles unique. Overall, the automotive aftermarket e-retailing market is poised for continued growth, as consumers increasingly turn to e-commerce for their automotive needs.
Technavio Research
Jesse Maida
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