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E-commerce Automotive Aftermarket Detailed Analysis of Current Industry Figures with Forecasts Growth By 2026

Author : Ronak Bora | Published Date : 2020-09-15 

The e-Commerce automotive aftermarket is poised for robust growth in the forthcoming years owing to the increasing expansion of e-commerce platforms, growing adoption of high-end vehicles, and technological advancements. Automotive aftermarket covers the sale of third party or OEM automotive parts, any vehicle components like replacement tires, collision repair, vehicle equipment, and other accessories or automotive parts sold after the sale of the actual vehicle, are considered as part of the aftermarket. It further includes companies who are involved in the production, distribution, remanufacturing, retail and installation of replaced car parts, equipment, accessories, and service repair.

Today, e-commerce is known to be one of the leading growth facilitators for the automotive aftermarket. In addition, the development of several e-commerce automotive aftermarket entities like Amazon, eBay Motors have reformulated the automotive sale experience for customers across the world. From a customer's viewpoint these platforms are considered as one of the best solutions when searching for discretionary and non-mission critical parts, where a customer can browse similar type of products, look at reviews and avail fast delivery at reasonable prices.

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In recent years, platforms like Amazon have gained immense popularity among individuals owing to ease and convenience, which has led to the growth of the e-commerce automotive aftermarket domain. Numerous key businesses have started to shift towards purchasing aftermarket auto parts online, this is expected to stimulate the market growth over the coming years.

The e-commerce automotive aftermarket is segmented in terms of retail , product, consumer, and regional landscape.

In terms of product, the overall e-commerce automotive aftermarket is classified into accessories and replacement part. The replacement part segment is further categorized into tires, spark plugs, wipers, lighting, filters, gaskets, universal joints, hub assemblies, steering & suspension, and braking. Among these, steering & suspension segment will witness around 12.5% CAGR over the forecast time period owing increasing industry players offering suspension parts on online distribution channel.

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The lighting product segment will witness growth owing to increasing vehicle customizations thereby driving the segment penetration. Spark plugs product segment will witness more than 15% CAGR through the projected time period owing to increasing preferences for DIY activities.

From a regional frame of reference, Latin America market will witness steady growth with increasing used vehicle sales. The Middle East & Africa will witness around 13% CAGR over the forecast timeframe with growing adoption of high-end vehicles. With high standard of living, the demand for luxury cars keeps on increasing, this is likely to drive the demand for e-commerce automotive aftermarket across the region.

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Report Content

Chapter 1.    Methodology and Scope

1.1. Market definitions

1.2. Base estimation & working

1.2.1.    North America

1.2.2.    Europe

1.2.3.    Asia Pacific

1.2.4.    Latin America

1.2.5.    MEA

1.3. Forecast calculation

1.3.1.    COVID-19 impact calculations on industry forecast

1.4. Data sources

1.4.1.    Primary

1.4.2.    Secondary

1.4.2.1. Paid sources

1.4.2.2. Public sources

Chapter 2.    Executive Summary

2.1. E-commerce automotive aftermarket industry 3600 synopsis, 2016 - 2026

2.1.1.    Business trends

2.1.2.    E-commerce retail trends

2.1.3.    Parts trends

2.1.4.    Consumer trends

2.1.5.    Regional trends

Chapter 3.    E-commerce Automotive Aftermarket Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2016 - 2026

3.2.1.    COVID-19 impact on industry landscape

3.3. Industry ecosystem analysis

3.3.1.    Manufacturers

3.3.2.    Distribution channel analysis

3.3.3.    Value chain disruptions due to COVID-19

3.3.4.    Vendor matrix

3.4. Technology landscape

3.5. Regulatory landscape

3.6. Industry impact forces

3.6.1.    Growth drivers

3.6.1.1.    North America

3.6.1.1.1. Increasing e-commerce platforms and acquisitions

3.6.1.2.    Europe

3.6.1.2.1. Growth in e-commerce spending

3.6.1.3.    Asia Pacific

3.6.1.3.1. Shifting trend toward brick & click business model

3.6.1.4.    Latin America

3.6.1.4.1. Increasing automotive production and presence of auto players

3.6.1.4.2. Increasing average vehicle age

3.6.1.5.    MEA

3.6.1.5.1. Shifting trend toward digitalization

3.6.2.    Industry pitfalls & challenges

3.6.2.1. Cybersecurity challenges

3.6.2.2. Proliferation of counterfeit parts

3.7. Innovation & sustainability

3.8. Growth potential analysis

3.9. Porter's analysis

3.10.    Competitive landscape, 2019

3.10.1.    Company market share analysis, 2019

3.10.2. Strategy dashboard

3.11.    PESTEL analysis

3.12.    COVID-19 impact on automotive industry

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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. [email protected] | https://twitter.com/RonakBora26

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