Automotive Aftermarket E-Retailing Market by Product, Customer Type, and Geography - Forecast and Analysis 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 market segmentations 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's 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?

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Automotive Aftermarket E-retailing Market: Key Drivers and Challenges

Based on our research output, there has been a negative impact on the market growth during and post the 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 market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's 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 Drivers

The global automotive aftermarket e-retailing market has been witnessing steady growth over the past few years with the growing market for automotive repair and maintenance services. The availability of various e-commerce platforms across the world provides easy access to products. Thus, customers prefer online shopping over physical shopping for automotive products, thus driving demand for automotive aftermarket e-retailing. 

Automotive aftermarket e-retailing is also gaining prominence in the global automotive aftermarket because of the introduction of many prominent e-commerce players and the strong demand for convenient shopping among customers. With the increase in the vehicle lifespan, the revenue growth of the global automotive aftermarket e-retailing market is expected to rise steadily, leading to market growth. 

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.

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 both organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the 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. 

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

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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 faster than the growth of the market in Europe.

North America is witnessing a rising demand because of the high population of vehicles in the passenger car and commercial vehicle segments, which, in turn, will facilitate the automotive aftermarket e-retailing market growth in North America during 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?

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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.

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 the 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

USD 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

The US, Germany, France, China, and the 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 the automotive aftermarket e-retailing market's growth during the next five years
  • Precise estimation of the automotive aftermarket e-retailing market's 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 the automotive aftermarket e-retailing market's 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
      Technavio

      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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      The 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.
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