The exponential rise of e-commerce has paved the way for a rapid expansion in the e-commerce automotive aftermarket market. Recent data indicates the impressive growth of this sector, which is anticipated to soar from $96.81 billion in 2024 to $113.3 billion in 2025, reflecting a substantial compound annual growth rate (CAGR) of 17.0%. This exciting development can be attributed to the rise of e-commerce, the increase in consumer confidence in online shopping for automotive parts, the expansion of the e-commerce ecosystem and the surge in the automotive aftermarket industry.
Similarly, the e-commerce automotive aftermarket market is projected to grow at an impressive pace in the next few years, reaching an astounding $211.42 billion in 2029 at another impressive CAGR of 16.9%. This growth can be attributed to various factors such as the surge in online sales of electric and hybrid vehicle components, the growing popularity of subscription-based auto parts services, the rising demand for sustainable and eco-friendly auto parts, and the shifting trend towards the brick & click business model.
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What are the Key Drivers of Growth in the E-Commerce Automotive Aftermarket?
The growth of the e-commerce automotive aftermarket can be significantly attributed to the augmentation of e-commerce. The convenience and ease offered by online shopping have propelled the sales of automotive aftermarket products. Notably, global e-commerce sales experienced a substantial jump to $26.7 trillion in 2019, indicating an increase in online retail sales from 16% in 2019 to 19% in 2020, thus validating the role of e-commerce as a key driver in the growth of the e-commerce automotive aftermarket.
What Are the Major Segments Within the Global E-Commerce Automotive Aftermarket Market?
1) By Type: B2C, B2B
2) By Component: Engine Parts, Drive Transmission and Steering Parts, Suspension and Braking Parts, Equipment, Electrical Parts, Other Components
3) By Channel: Third-Party Retailer, Direct To Consumer
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Who Are the Major Players in the E-Commerce Automotive Aftermarket Market?
Major players operating in the e-commerce automotive aftermarket market include Robert Bosch GmbH, Amazon.com Inc., Meritor Inc., eBay Inc., Genuine Parts Company, AutoZone Inc., CarParts.com Inc., Advance Auto Parts, among others. These companies are significantly shaping the market landscape with their innovative strategies and product offerings.
What New Trends Are Emerging in the E-Commerce Automotive Aftermarket Market?
Numerous companies are launching E-Commerce platforms to cater to customer preferences and adapt to the growing trend of online shopping. For instance, Alfardan Commercial, a part of Alfardan Automotive Division, launched its e-commerce platform in November 2022. Their new platform offers customers in Qatar access to a wide range of automotive aftermarket products and services online, aligning with their digitization plans and offering a seamless shopping experience.
Which Region is Leading the E-Commerce Automotive Aftermarket Market?
Asia-Pacific, in 2024, emerged as the leading region in the e-commerce automotive aftermarket. Other regions covered in the market report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The E-Commerce Automotive Aftermarket Market Report 2025 Offer?
The e-commerce automotive aftermarket refers to the online trade of replacement parts, accessories, and equipment used for automobile maintenance or improvement. This market offers online marketing and sales of these components through public websites. The E-Commerce Automotive Aftermarket Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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