eCommerce Automotive Aftermarket Market by Product (Electrical Parts, Engine Components, Infotainment & Multimedia), Distribution Channel (3rd Party Stand Alone e-tailer, Direct to Customer, Marketplace), End User

Description

List of Tables

[193 Pages Report] The eCommerce Automotive Aftermarket Market size was estimated at USD 12.85 billion in 2023 and expected to reach USD 14.71 billion in 2024, at a CAGR 14.78% to reach USD 33.75 billion by 2030.

The eCommerce automotive aftermarket is a sector within the larger automotive aftermarket that specifically focuses on the online sale and distribution of aftermarket parts and accessories. It leverages electronic commerce platforms to provide customers with a convenient method to browse, compare, and purchase automotive parts and services for vehicle repair, enhancement, or customization. End-users are predominantly individual vehicle owners, car enthusiasts, and professional service providers, such as repair and maintenance workshops. The market is influenced by several growth factors, such as the increasing internet penetration, ease of accessibility to a diverse range of automotive products, the convenience of home delivery, and the growing number of online platforms. Additionally, the expanding production of automobiles and rising ownership of vehicles across the world have further accentuated the demand for e-commerce automotive aftermarket. However, the requirement for precise part compatibility and the difficulty of online troubleshooting can impede online sales. Additionally, shipping large and bulky automotive parts can be complicated and expensive, affecting overall profitability. However, key players are investing in advanced logistics and supply chain advancement strategies and improving the digital infrastructure to overcome shipping challenges. The rise in the preference for electric vehicles (EVs) and the subsequent need for specific components can also create potential growth arenas within the market.

KEY MARKET STATISTICS
Base Year [2023]	USD 12.85 billion
Estimated Year [2024]	USD 14.71 billion
Forecast Year [2030]	USD 33.75 billion
CAGR (%)	14.78%

Product: Rising preference for online purchase of interior accessories

Electrical components in automobiles include batteries, alternators, starters, sensors, and wiring harnesses. These parts are essential for the operation of the vehicle's electrical system, which has grown in complexity with the advent of advanced electronics and hybrid technologies. Engine components encompass a vast range of parts such as pistons, fuel injectors, and camshafts that are sought after for engine rebuilding, performance enhancement, or routine maintenance. Infotainment & Multimedia in the automotive segment are increasingly becoming a standard expectation, particularly in the realm of connectivity and interactivity. Interior accessories cater to comfort, aesthetics, convenience, and safety within the vehicle cabin. Interior accessories such as seat covers, floor mats, car organizers, and steering wheel covers are available on online platforms. Tires & wheels including a variety of products such as alloy wheels and performance tires are available on E-commerce platforms for customer convenience.

Distribution Channel: Effective product penetration in direct to customer channels

Third-party stand-alone e-tailers are independent online retailers who offer a range of automotive parts and accessories and are ideal for consumers looking for specialized parts and a comprehensive catalog from various manufacturers. Direct to customer channels offer a distinct brand experience, with opportunities for deeper customer engagement and better brand control over distribution. Marketplaces are online platforms where multiple sellers can list their products for sale. Marketplaces typically excel in terms of product range and ease of price comparison and also offer more competitive pricing due to the nature of the platform.

End User: Increasing demand from Business-to-business transactions

Business-to-business in the automotive aftermarket pertains to transactions between businesses such as manufacturers, wholesalers, and institutional buyers. Businesses require high-quality parts to ensure service reliability and customer satisfaction prefer online purchase of aftermarket automotive parts. Business to customers in the automotive aftermarket relates to transactions between businesses and individual consumers, who are end-users of the products. Diverse needs, smaller order volumes, and direct engagement with consumers characterize the business-to-customer segment. Comprehensive product descriptions and user-friendly platforms are critical to assist in informed decision-making in the business-to-customer segment.

Regional Insights

In the Americas, with a specific focus on the U.S. and Canada, the eCommerce automotive aftermarket is experiencing robust growth, largely driven by consumer demand for convenience and the expanding range of products available online. The presence of a robust automobile industry and consumer demand for EVs has augmented the growth of the e-Commerce automotive aftermarket. Consumer demand for speed and transparency in transactions is leading to innovative platform solutions. Consumer behavior in EU countries varies greatly, with regions in Western Europe such as Germany, France, and the UK leading in online aftermarket sales. The EU market is characterized by stringent regulations on vehicle emissions and safety, which directly impacts product offerings in the aftermarket sector. EU consumers are increasingly becoming eco-conscious, with a trend toward purchasing green aftermarket products. Interconnected e-Commerce ecosystems, which provide a seamless shopping experience across various online platforms, are currently a significant area of investment in this market. Asia Pacific's automotive aftermarket is diverse, with China, Japan, and India being the major players. In China, the market is rapidly expanding due to the increasing vehicle ownership and the consumer's penchant for car customization. India and China's landscape for e-Commerce automotive aftermarket is cost-sensitive, with a burgeoning middle class that seeks value-for-money services and products. The emphasis is on affordability without compromising on quality.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the eCommerce Automotive Aftermarket Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the eCommerce Automotive Aftermarket Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the eCommerce Automotive Aftermarket Market, highlighting leading vendors and their innovative profiles. These include Advance Auto Parts, Inc., Alibaba Group Holding Limited, Amazon.com, Inc., Arch Auto Parts by Transtar Holding Co., AutoAnything, AutoZone Inc., CARiD by PARTS iD, Inc., CarParts.com, Inc., Das Ersatzteil GmbH, eBay Inc., Flipkart Private Limited, National Automotive Parts Association, nopCommerce, OE Connection, O'Reilly Automotive, Inc., Pep Boys, RevolutionParts., Robert Bosch GmbH, RockAuto, LLC, Sana Commerce, Sears, Roebuck and Co., SimplePart by InfoMedia, Tire Rack by Discount Tire, Tradesoft, and X-Cart Holdings LLC.

Market Segmentation & Coverage

This research report categorizes the eCommerce Automotive Aftermarket Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Electrical Parts
- Engine Components
- Infotainment & Multimedia
- Interior Accessories
- Tires & Wheels

Distribution Channel
- 3rd Party Stand Alone e-tailer
- Direct to Customer
- Marketplace

End User
- Business to Business
- Business to Customer

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the eCommerce Automotive Aftermarket Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the eCommerce Automotive Aftermarket Market?

3. What are the technology trends and regulatory frameworks in the eCommerce Automotive Aftermarket Market?

4. What is the market share of the leading vendors in the eCommerce Automotive Aftermarket Market?

5. Which modes and strategic moves are suitable for entering the eCommerce Automotive Aftermarket Market?

Product Code: MRR-437896AA3419

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing Presence of Small-Scale Automotive Product Manufacturers on eCommerce Platforms
  - 5.1.1.2. Rising Do-It-Yourself Consumers Segment
  - 5.1.1.3. Increasing Consumer Spending on MRO of Vehicles
  - 5.1.1.4. Developments of Secure Payment Options is Attracting Consumers
- 5.1.2. Restraints
  - 5.1.2.1. Presence of Frauds and Unauthenticated Product on eCommerce
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing Digitization and Rapid Expansion in Global Connectivity
  - 5.1.3.2. Efficient Supply Chain Focusing on Reducing Delivery Timeline and Safe Product Delivery
- 5.1.4. Challenges
  - 5.1.4.1. Concerns Regarding Cybersecurity
5.2. Market Segmentation Analysis
- 5.2.1. Product: Rising preference for online purchase of interior accessories
- 5.2.2. Distribution Channel: Effective product penetration in direct to customer channels
- 5.2.3. End User: Increasing demand from Business-to-business transactions
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. eCommerce Automotive Aftermarket Market, by Product

6.1. Introduction
6.2. Electrical Parts
6.3. Engine Components
6.4. Infotainment & Multimedia
6.5. Interior Accessories
6.6. Tires & Wheels

7. eCommerce Automotive Aftermarket Market, by Distribution Channel

7.1. Introduction
7.2. 3rd Party Stand Alone e-tailer
7.3. Direct to Customer
7.4. Marketplace

8. eCommerce Automotive Aftermarket Market, by End User

8.1. Introduction
8.2. Business to Business
8.3. Business to Customer

9. Americas eCommerce Automotive Aftermarket Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific eCommerce Automotive Aftermarket Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa eCommerce Automotive Aftermarket Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. AutoNation Launches eCommerce Platform for Auto Parts and Accessories
- 12.3.2. Transtar Holding Company Announces Acquisition of Arch Auto Parts
- 12.3.3. Schaeffler India to Fully Acquire Auto Spare Parts Platform Koovers for INR 142.4 cr
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio