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PUBLISHER: IMARC | PRODUCT CODE: 1207011
PUBLISHER: IMARC | PRODUCT CODE: 1207011
Online Car Buying Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 143 Pages
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The global online car buying market size reached US$ 294.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 563.8 Billion by 2028, exhibiting a growth rate (CAGR) of 11.1% during 2023-2028.
Online car buying refers to an e-commerce activity wherein customers can directly buy or lease new or pre-owned cars using a web browser or a mobile app. It is convenient, affordable, time-efficient, and hassle-free and offers a huge product catalog and several customized services. Nowadays, several companies utilize intelligent search engines on their websites to help customers compare multiple cars in different price ranges or negotiate for a fair deal with car owners worldwide.
Online Car Buying Market Trends:
- The thriving e-commerce industry on account of the rising awareness among individuals about the associated convenience represents one of the key factors driving the demand for online car buying across the globe. This can also be attributed to the increasing digital literacy, improving internet accessibility, rapid urbanization, and inflating disposable income levels. Moreover, with the surging use of social media networking sites, companies are offering innovative car deals via these sites, which is influencing the market positively. Apart from this, there is a significant rise in the demand for electric vehicles (EVs), which can be accredited to the growing concerns among people about the detrimental environmental effects of petrol-based automobiles. In addition, as governing agencies of numerous countries are implementing favorable policies to promote the usage of fuel-efficient cars, there is an increase in the adoption of online car buying portals to purchase EVs from across the globe. Furthermore, the emerging trend of personal vehicles on account of improving urban road infrastructure is contributing to the market growth. The rising popularity of pre-owned cars, especially among the young population, due to their affordability and accessibility is also impelling the market growth.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global online car buying market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on vehicle type, propulsion type and category.
Breakup by Vehicle Type:
- Hatchback
- Sedan
- SUV
- Others
Breakup by Propulsion Type:
- Petrol
- Diesel
- Others
Breakup by Category:
- Pre-Owned Vehicle
- New Vehicle
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Asbury Automotive Group Inc., AutoNation Inc., Cargurus Inc., CarsDirect.com, Cars.com Inc., Cox Automotive Inc, Group 1 Automotive Inc., Hendrick Automotive Group, Lithia Motors Inc. and TrueCar Inc.
Key Questions Answered in This Report:
- 1. What was the size of the global online car buying market in 2022?
- 2. What is the expected growth rate of the global online car buying market during 2023-2028?
- 3. What are the key factors driving the global online car buying market?
- 4. What has been the impact of COVID-19 on the global online car buying market?
- 5. What is the breakup of the global online car buying market based on the vehicle type?
- 6. What is the breakup of the global online car buying market based on the propulsion type?
- 7. What is the breakup of the global online car buying market based on the category?
- 8. What are the key regions in the global online car buying market?
- 9. Who are the key players/companies in the global online car buying market?
Product Code: SR1323A483_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Online Car Buying Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Vehicle Type
- 6.1 Hatchback
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Sedan
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 SUV
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Propulsion Type
- 7.1 Petrol
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Diesel
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Category
- 8.1 Pre-Owned Vehicle
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 New Vehicle
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Asbury Automotive Group Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 AutoNation Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Cargurus Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 CarsDirect.com
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Cars.com Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Cox Automotive Inc
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 SWOT Analysis
- 14.3.7 Group 1 Automotive Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Hendrick Automotive Group
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Lithia Motors Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 TrueCar Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.1 Asbury Automotive Group Inc.
Product Code: SR1323A483_Report
List of Figures
- Figure 1: Global: Online Car Buying Market: Major Drivers and Challenges
- Figure 2: Global: Online Car Buying Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Online Car Buying Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Online Car Buying Market: Breakup by Vehicle Type (in %), 2022
- Figure 5: Global: Online Car Buying Market: Breakup by Propulsion Type (in %), 2022
- Figure 6: Global: Online Car Buying Market: Breakup by Category (in %), 2022
- Figure 7: Global: Online Car Buying Market: Breakup by Region (in %), 2022
- Figure 8: Global: Online Car Buying (Hatchback) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Online Car Buying (Hatchback) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Online Car Buying (Sedan) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Online Car Buying (Sedan) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Online Car Buying (SUV) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Online Car Buying (SUV) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Online Car Buying (Other Vehicle Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Online Car Buying (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Online Car Buying (Petrol) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Online Car Buying (Petrol) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Online Car Buying (Diesel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Online Car Buying (Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Online Car Buying (Other Propulsion Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Online Car Buying (Other Propulsion Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Online Car Buying (Pre-Owned Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Online Car Buying (Pre-Owned Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Online Car Buying (New Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Online Car Buying (New Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: North America: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: North America: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: United States: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: United States: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Canada: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Canada: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Asia-Pacific: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Asia-Pacific: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: China: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: China: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Japan: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Japan: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: India: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: India: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: South Korea: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: South Korea: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Australia: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Australia: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Indonesia: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Indonesia: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Others: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Others: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Europe: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Europe: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Germany: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Germany: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: France: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: France: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: United Kingdom: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: United Kingdom: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Italy: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Italy: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Spain: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Spain: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Russia: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Russia: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Others: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Others: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Latin America: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Latin America: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Brazil: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Brazil: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Mexico: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Mexico: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Middle East and Africa: Online Car Buying Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Middle East and Africa: Online Car Buying Market: Breakup by Country (in %), 2022
- Figure 74: Middle East and Africa: Online Car Buying Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Global: Online Car Buying Industry: SWOT Analysis
- Figure 76: Global: Online Car Buying Industry: Value Chain Analysis
- Figure 77: Global: Online Car Buying Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Online Car Buying Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Online Car Buying Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 3: Global: Online Car Buying Market Forecast: Breakup by Propulsion Type (in Million US$), 2023-2028
- Table 4: Global: Online Car Buying Market Forecast: Breakup by Category (in Million US$), 2023-2028
- Table 5: Global: Online Car Buying Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Online Car Buying Market: Competitive Structure
- Table 7: Global: Online Car Buying Market: Key Players
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