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Automotive Aftermarket E-Retailing Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40628
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The automotive aftermarket e-retailing market share is expected to increase by USD 56.74 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 20%.

This automotive aftermarket e-retailing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive aftermarket e-retailing market segmentation by product (wheels and tires, brakes and brake pads, and others), type (DIY customers and professional customers), and geography (North America, Europe, APAC, South America, and MEA). The automotive aftermarket e-retailing market report also offers information on several market vendors, including Advance Auto Parts Inc., Alibaba Group Holding Ltd., Amazon.com Inc., AutoZone Inc., Buy Auto Parts, CarParts.com Inc., eBay Inc., Genuine Parts Co., Icahn Automotive Group LLC, and Parts Multiverse among others.

What will the Automotive Aftermarket E-retailing Market Size be During the Forecast Period?

Automotive Aftermarket E-Retailing Market Size

Download the Free Report Sample to Unlock the Automotive Aftermarket E-retailing Market Size for the Forecast Period and Other Important Statistics

 

Automotive Aftermarket E-retailing Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing vehicle lifespan leading to vehicle parts growth is notably driving the automotive aftermarket e-retailing market growth, although factors such as high price sensitivity leading to margin pressure on e-retailers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive aftermarket e-retailing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Aftermarket E-retailing Market Driver

One of the key factors driving growth in the automotive aftermarket e-retailing market is the convenience of purchasing automotive products online. Convenience is an important parameter for retail customers in the automotive industry. Vendors in the automotive industry and aftermarket e-retailing market give preference to technology. This is because it provides convenience and simplifies the process of purchasing automotive products. E-retailing has generated high interest in the customer segment in recent years, particularly in developed countries where there is a presence of organized aftermarkets. The last decade witnessed tremendous growth of the e-commerce industry in developed countries, such as the US, China, and the UK. The major reason for this growth has been the convenience of shopping. This has led to the wider scalability of businesses across the globe. Regions that were not served by offline stores have become accessible through online sites.

Key Automotive Aftermarket E-retailing Market Trend

 

The aftermarket e-retailing gaining popularity in the automotive aftermarket is another factor supporting the automotive aftermarket e-retailing market share growth. The automotive aftermarket eRetailing market is observing changing trends and developments in terms of the growing popularity of online channels. E-commerce platforms play an important role in the rapid growth of revenue in the automotive aftermarket. The expanding product portfolio includes automotive products, ranging from replacement parts to oils, that are sold through online commercial sites.

Key Automotive Aftermarket E-retailing Market Challenge

The high price sensitivity leading to margin pressure on e-retailers will be a major challenge for the automotive aftermarket e-retailing market during the forecast period. The average age of vehicles is increasing because of the high quality of the parts used. In addition, the cost of repair is continuously increasing. This is resulting in an increase in the average cost of repair of modern vehicles compared with older vehicles. Thus, from a customer's perspective, the cost-benefit is nullified by the increasing repair cost. The increase in repair cost is mostly because of the growth in labor rates; the complexity of vehicles; and the rise in the price of automotive parts, such as steel and aluminum parts. Aftermarket e-retailers are affected by the parts price increase and have to balance the parts pricing with discounts and offers. This may negatively impact the revenue growth of the global automotive aftermarket eRetailing market.

This automotive aftermarket e-retailing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive aftermarket e-retailing market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive aftermarket e-retailing market during the forecast period.

Who are the Major Automotive Aftermarket E-retailing Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Advance Auto Parts Inc.
  • Alibaba Group Holding Ltd.
  • Amazon.com Inc.
  • AutoZone Inc.
  • Buy Auto Parts
  • CarParts.com Inc.
  • eBay Inc.
  • Genuine Parts Co.
  • Icahn Automotive Group LLC
  • Parts Multiverse

 

This statistical study of the automotive aftermarket e-retailing market encompasses successful business strategies deployed by the key vendors. The automotive aftermarket e-retailing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Alibaba Group Holding Ltd. - The company offers automotive spare parts and supply chain products.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive aftermarket e-retailing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Aftermarket E-retailing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive aftermarket e-retailing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the automotive aftermarket e-retailing market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Service
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive Aftermarket E-retailing Market?

Automotive Aftermarket E-Retailing Market Market segmentation by region

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36% of the market's growth will originate from North America during the forecast period. The US is the key market for automotive aftermarket e-retailing in North America. Market growth in this region will be slower than the growth of the market in the South American, APAC, and MEA regions.

The growing population of vehicles will facilitate the automotive aftermarket e-retailing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Automotive Aftermarket E-retailing Market?

Automotive Aftermarket E-Retailing Market Segmentation

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The automotive aftermarket e-retailing market share growth by the wheels and tires segment will be significant during the forecast period. Wheels and tires are the highest revenue-contributing products in the global automotive aftermarket e-retailing market. Tires are one of the most replaced components of a vehicle because of the high wear and tear. Thus, their adoption through the online medium is contributing significantly to the market. Aftermarket tires are in high demand across the world. The increasing aging vehicle population in developed mature automobile markets, such as Japan, the US, and Western Europe, is contributing to the increasing demand for aftermarket tires.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive aftermarket e-retailing market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Aftermarket E-retailing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 20%

Market growth 2021-2025

$ 56.74 billion

Market structure

Fragmented

YoY growth (%)

19.50

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 36%

Key consumer countries

US, Germany, France, China, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Advance Auto Parts Inc., Alibaba Group Holding Ltd., Amazon.com Inc., AutoZone Inc., Buy Auto Parts, CarParts.com Inc., eBay Inc., Genuine Parts Co., Icahn Automotive Group LLC, and Parts Multiverse

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Automotive Aftermarket E-retailing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive aftermarket e-retailing market growth during the next five years
  • Precise estimation of the automotive aftermarket e-retailing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive aftermarket e-retailing industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive aftermarket e-retailing market vendors

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Executive Summary

Market Landscape

  • Market ecosystem

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2025

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Segmentation by Product

  • Market segments
  • Comparison by Product
  • Wheels and tires - Market size and forecast 2021-2025
  • Brakes and brake pads - Market size and forecast 2021-2025
  • Others - Market size and forecast 2021-2025
  • Market opportunity by Product

Segmentation by customer type

  • DIY customers
  • Professional customers

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2021-2025
  • Europe - Market size and forecast 2021-2025
  • APAC - Market size and forecast 2021-2025
  • South America - Market size and forecast 2021-2025
  • MEA - Market size and forecast 2021-2025
  • Key leading countries
  • Market opportunity by geography
  • Volume driver - Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Advance Auto Parts Inc.
  • Alibaba Group Holding Ltd.
  • Amazon.com Inc.
  • AutoZone Inc.
  • BuyAutoParts.com
  • CarParts.com Inc.
  • eBay Inc.
  • Genuine Parts Co.
  • Icahn Automotive Group LLC
  • Parts Multiverse

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Automotive Aftermarket E-retailing market growth will increase by $41.86 billion during 2019-2024.
The automotive aftermarket e-retailing market is expected to grow at a CAGR of 18.90% during 2019-2024.
Technavio has segmented the automotive aftermarket e-retailing market by product (Wheels and tires, Brakes and brake pads, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
Advance Auto Parts Inc., Alibaba Group Holding Ltd., Amazon.com Inc., AutoZone Inc., BuyAutoParts.com, eBay Inc., Genuine Parts Co., Icahn Automotive Group LLC, Parts Multiverse, U.S. Auto Parts Network Inc. are a few of the key vendors in the automotive aftermarket e-retailing market.
North America will register the highest growth rate of 35.26% among the other regions. Therefore, the automotive aftermarket e-retailing market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the automotive aftermarket e-retailing market growth are:
  • Increasing vehicle lifespan leading to vehicle parc growth
  • Aftermarket e-retailing gaining popularity in automotive aftermarket
The automotive aftermarket e-retailing market vendors should focus on grabbing business opportunities from the wheels and tires segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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