Global E-Commerce Automotive Aftermarket Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global E-Commerce Automotive Aftermarket Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The automotive aftermarket refers to various services surrounding the use of the vehicle after the vehicle is sold. The e-commerce automotive aftermarket is a secondary market for the automobile industry that operates on an internet platform. After original equipment manufacturers (OEMs) deliver vehicles to consumers, companies in the e-commerce automotive aftermarket sell vehicle parts, chemicals, equipment and accessories on internet platforms and provide corresponding services. The e-commerce automotive aftermarket in this report is mainly classified by component types (engines, braking systems, etc.), and vehicle types include light vehicles (PC and LCV) and heavy vehicles (Trucks).

Market Overview:

The latest research study on the global E-Commerce Automotive Aftermarket market finds that the global E-Commerce Automotive Aftermarket market reached a value of USD 71528.0 million in 2022. It’s expected that the market will achieve USD 192563.0 million by 2028, exhibiting a CAGR of 17.95% during the forecast period.

Influence of COVID-19 Outbreak on E-Commerce Automotive Aftermarket Industry Development

The e-commerce automotive aftermarket has been hit hard by the COVID-19 pandemic. COVID-19 has reduced vehicle manufacturing and product development activity in several parts of the world as several regional governments have imposed lockdown measures. Product demand has also fluctuated, consumer confidence in general macroeconomic conditions has declined, and consumer spending and willingness to spend has declined due to lower expectations for lower incomes. Secondly, the activities of the global supply chain are restricted. Due to the epidemic prevention and control policies in various regions, factories are closed, labor shortages, logistics obstructions, cargo accumulation in ports, increased transportation costs, and delayed delivery after online platform transactions, affecting consumer experience. Enterprises re-examine their investment strategies and re-formulate production plans based on the epidemic situation and market supply and demand.
Affected by the new crown epidemic, global supply chain activities have been restricted and corporate sales have decreased, prompting traditional companies to start deploying e-commerce sales channels for automotive equipment. This trend, which leads to higher sales efficiency and combined with traditional sales practices, is expected to provide promising growth opportunities over the forecast period. At the same time, many small and medium-sized enterprises will also obtain good development opportunities with the help of e-commerce platforms. In addition, in the new economic environment, e-commerce has provided many new market opportunities for many enterprises. First, enterprises can open up new development space through the e-commerce network, improve themselves, and find new business opportunities and partners. Second, some small and medium-sized enterprises can benefit from it, and publishing information on the Internet will help them seize international opportunities and develop international markets.

E-Commerce Automotive Aftermarket Market Challenges

The auto parts industry is highly competitive and highly fragmented, with multi-level product distribution and overlapping channels. E-commerce automotive aftermarket companies need to compete with online and offline players including: large auto parts retailers, large online shopping platforms, auto product websites, independent retailers in various regions or niche auto parts Online retailers, wholesale aftermarket auto parts dealers, manufacturers selling directly to customers online, branded suppliers, etc.
Existing and new competitors can launch websites at relatively low cost. New entrants can seize the market by virtue of their huge user resources, brand advantages and more financial, marketing, technology, management and other resources. New competitors have and will likely continue to use aggressive pricing strategies, devoting more financial resources to website and system development. Competition will intensify further in the future as internet usage and online commerce continue to grow globally. Increased competition could lead to a decline in profitability and market share.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Amazon is one of the major players operating in the E-Commerce Automotive Aftermarket market, holding a share of 18.76% in 2022.

Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It has been referred to as one of the most influential economic and cultural forces in the world, and is one of the world's most valuable brands.

eBay Inc. is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble.

Segmentation Overview:

Among different product types, Transmission and steering segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the B2C segment occupied the biggest share from 2018 to 2022.

Key Companies in the global E-Commerce Automotive Aftermarket market covered in Chapter 3:

Oscaro
Amazon
Euro Car Parts
Mister-Auto
AUTODOC
CarParts.com Inc.
Auto Zone
Hella Group
EBay
Meritor Inc
CARiD
O'Reilly Auto Parts
Tire Rack
Trodo
Advance Auto Parts Inc
Genuine Parts Co. Inc

In Chapter 4 and Chapter 14.2, on the basis of types, the E-Commerce Automotive Aftermarket market from 2018 to 2029 is primarily split into:

Engine Parts
Transmission and Steering
Barking Syestem
Electrical parts
Exterior Car Accessories
Interior Accessories

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the E-Commerce Automotive Aftermarket market from 2018 to 2029 covers:

B2C
B2B

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)