What are you looking for?

Need help finding what you are looking for? Contact Us

Compare

Free Samples

Home Market Research Reports Automotive

Automotive Market

PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1215424

PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1215424

Global Online Car Buying Market Size study & Forecast, by Vehicle Type (Hatchback, Sedan, SUV), Propulsion Type (Petrol, Diesel and Others) and Category (Pre-owned vehicle and New vehicle) and Regional Analysis, 2022-2029

PUBLISHED: February 8, 2023

PAGES:

DELIVERY TIME: 2-3 business days

ADD TO COMPARE

SELECT AN OPTION

Global Online Car Buying Market is valued approximately USD 266.96 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.2% over the forecast period 2022-2029. Online Car Buying refers to buying of new and preowned vehicles through a direct to customer platform. Online car buying platforms enables customer to directly purchase vehicle from the manufacturer and reduces the number of intermediates involved in sales and distribution of vehicles. Moreover, the use of online car buying platform also reduces sales and distribution cost to the car manufacturing companies. The increasing expansion of E-commerce and online technologies and growing adoption of digital technologies in automotive retail sector are key factors accelerating the market growth.

The growing expansion of global e-commerce sector is contributing to the growth of the Global Online Car Buying Market. For instance, according to Statista - in 2019, the cross-border online shopping sector was estimated at USD 579 billion, and the market is projected to grow to USD 2.25 trillion by 2026. Moreover, the increasing adoption of digital technologies in automotive retailing is also driving the market growth. For instance, in May 2020, India based Mahindra & Mahindra company has launched a new end to end car sales platform named Own-online. This new platform would enable customers to finance, insure, exchange, accessorize and own a company vehicle. Also, increasing penetration of smartphones & high-speed internet services and growing automobile sector in developing regions would create lucrative growth prospectus for the Global Online Car Buying Market. However, rising concern over data privacy stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Online Car Buying Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players and rising expansion of ecommerce sector in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising adoption of Online Car Buying platforms and increasing growth of automotive manufacturing sector in the region.

Major market players included in this report are:

Asbury Automotive Group, Inc.

AutoNation, Inc.

Cargurus, Inc.

CarsDirect

Cars.com, Inc.

Cox Automotive Inc

Group1 Automotive Inc.

Hendrick automotive group

Lithia motors, Inc.

TrueCar, Inc.

Recent Developments in the Market:

In September 2021, Car Trade has launched offline and online retail platform 'CarWale abSure' for buying and selling of pre-owned cars. Initially the company has launched this new service in 09 Indian cities Mumbai, Bangalore, Surat, Kanpur, Noida, Chennai, Bhopal, Kolkata, and Ahmedabad.

Global Online Car Buying Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Vehicle Type, Propulsion Type, Category, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Vehicle Type

Hatchback

Sedan

SUV

By Propulsion Type

Petrol

Diesel

Others

By Category

Pre-owned vehicle

New vehicle

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Online Car Buying Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Online Car Buying Market, by Vehicle Type, 2019-2029 (USD Billion)
- 1.2.3. Online Car Buying Market, by Propulsion Type, 2019-2029 (USD Billion)
- 1.2.4. Online Car Buying Market, by Category, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Online Car Buying Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Online Car Buying Market Dynamics

3.1. Online Car Buying Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing expansion of E-commerce and online technologies
  - 3.1.1.2. Growing adoption of digital technologies in automotive retail sector
- 3.1.2. Market Challenges
  - 3.1.2.1. Growing concern over data privacy
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing penetration of smartphones & high-speed internet services
  - 3.1.3.2. Growing automobile sector in developing regions

Chapter 4. Global Online Car Buying Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Online Car Buying Market, by Vehicle Type

6.1. Market Snapshot
6.2. Global Online Car Buying Market by Vehicle Type, Performance - Potential Analysis
6.3. Global Online Car Buying Market Estimates & Forecasts by Vehicle Type 2019-2029 (USD Billion)
6.4. Online Car Buying Market, Sub Segment Analysis
- 6.4.1. Hatchback
- 6.4.2. Sedan
- 6.4.3. SUV
- 6.4.4. Others

Chapter 7. Global Online Car Buying Market, by Propulsion Type

7.1. Market Snapshot
7.2. Global Online Car Buying Market by Propulsion Type, Performance - Potential Analysis
7.3. Global Online Car Buying Market Estimates & Forecasts by Propulsion Type 2019-2029 (USD Billion)
7.4. Online Car Buying Market, Sub Segment Analysis
- 7.4.1. Petrol
- 7.4.2. Diesel
- 7.4.3. Others

Chapter 8. Global Online Car Buying Market, by Category

8.1. Market Snapshot
8.2. Global Online Car Buying Market by Category, Performance - Potential Analysis
8.3. Global Online Car Buying Market Estimates & Forecasts by Category 2019-2029 (USD Billion)
8.4. Online Car Buying Market, Sub Segment Analysis
- 8.4.1. Pre-owned
- 8.4.2. New Vehicle

Chapter 9. Global Online Car Buying Market, Regional Analysis

9.1. Online Car Buying Market, Regional Market Snapshot
9.2. North America Online Car Buying Market
- 9.2.1. U.S. Online Car Buying Market
  - 9.2.1.1. Vehicle Type breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Propulsion Type breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Category breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Online Car Buying Market
9.3. Europe Online Car Buying Market Snapshot
- 9.3.1. U.K. Online Car Buying Market
- 9.3.2. Germany Online Car Buying Market
- 9.3.3. France Online Car Buying Market
- 9.3.4. Spain Online Car Buying Market
- 9.3.5. Italy Online Car Buying Market
- 9.3.6. Rest of Europe Online Car Buying Market
9.4. Asia-Pacific Online Car Buying Market Snapshot
- 9.4.1. China Online Car Buying Market
- 9.4.2. India Online Car Buying Market
- 9.4.3. Japan Online Car Buying Market
- 9.4.4. Australia Online Car Buying Market
- 9.4.5. South Korea Online Car Buying Market
- 9.4.6. Rest of Asia Pacific Online Car Buying Market
9.5. Latin America Online Car Buying Market Snapshot
- 9.5.1. Brazil Online Car Buying Market
- 9.5.2. Mexico Online Car Buying Market
- 9.5.3. Rest of Latin America Online Car Buying Market
9.6. Rest of The World Online Car Buying Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. Asbury Automotive Group Inc.
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. AutoNation, Inc.
- 10.2.3. Cargurus, Inc.
- 10.2.4. CarsDirect
- 10.2.5. Cars.com, Inc.
- 10.2.6. Cox Automotive Inc
- 10.2.7. Group1 Automotive Inc.
- 10.2.8. Hendrick automotive group
- 10.2.9. Lithia motors, Inc.
- 10.2.10. TrueCar, Inc.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Online Car Buying Market, report scope
TABLE 2. Global Online Car Buying Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Online Car Buying Market estimates & forecasts by Vehicle Type 2019-2029 (USD Billion)
TABLE 4. Global Online Car Buying Market estimates & forecasts by Propulsion Type 2019-2029 (USD Billion)
TABLE 5. Global Online Car Buying Market estimates & forecasts by Category 2019-2029 (USD Billion)
TABLE 6. Global Online Car Buying Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Online Car Buying Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Online Car Buying Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Online Car Buying Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Online Car Buying Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Online Car Buying Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Online Car Buying Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Online Car Buying Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Online Car Buying Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Online Car Buying Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Online Car Buying Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Online Car Buying Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Online Car Buying Market
TABLE 71. List of primary sources, used in the study of global Online Car Buying Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered