May 12, 2020
As per the report titled ‘E-commerce Automotive Aftermarket Size By E-commerce Retail (Third Party Retailers, Direct To Customer), By Parts (Braking [Brake Pads, Hydraulics & Hardware, Rotor & Drum], Steering & Suspension [Control Arms, Ball Joints, Tie Rods, Sway Bar Links, Bushings, Bearings/Seals, Coil Springs], Hub Assemblies, Universal Joints, Gaskets, Wipers, Filters, Lighting, Spark Plug, Tires, Interiors), By Consumer (B2C, B to Big B, B to Small B), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report LLC, global e-commerce automotive aftermarket is estimated to record significant gains during 2020-2026.
Increasing number of on-road automobiles and their growing maintenance requirements for optimal operation, coupled with rising preference for e-commerce channels across regions likes MEA are propelling growth of global e-commerce automotive aftermarket. Improving lifestyle and rising disposable income are among the other factors supporting the industry growth. Growing consumer inclination towards online shopping platforms owing to higher convenience and availability of wide array of product options is rendering a positive impact on the market outlook.
Based on the parts terrain, gaskets segment is reckoned to observe considerable gains in the forthcoming years, owing to rising concern among consumers for protection of sensitive electronics in the vehicle. Gaskets help in sealing out air, water, and dust from automobiles.
Meanwhile, filters segment is predicted to account for prominent market share by the end of 2026, owing to its increasing adoption in automobiles to reduce carbon emission along with benefits such as improved fuel efficiency and engine performance.
Spark plug segment held over 2% market share in 2018, owing to its easy replacement. New government regulations regarding carbon emissions and increasing demand for fuel efficient vehicles are likely to proliferate the product demand in the coming years.
Tires segment is anticipated register decent growth during the forecast period, owing to constant wear of tires during vehicle operations. Scheduled tire replacement for optimum vehicle performance and ride stability is boosting the product penetration.
Speaking of the consumer spectrum, B to Big B segment is set to record tremendous growth over the forecast timeline. Bulk purchasing of products, especially standard and fast-moving spare parts is stimulating the segment growth.
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Considering the regional outlook, Middle East e-commerce automotive aftermarket is estimated to expand at 18% CAGR throughout the forecast duration. Digitization of retail sector and swift internet penetration are the primary factors fueling the industry growth in Middle East.
Major players of global e-commerce automotive aftermarket are Alibaba Group, Amazon, Advance Auto Parts, AutoAnything, Arch Auto Parts, Auto Zone, CARiD.com, Bosch, eBay, Denso Corporation, Flipkart, NAPA Auto Parts, JC Whitney, O'Reilly Auto Parts, Rock Auto, Pep Boys, Tire Rack, Sears, and U.S Auto Parts Network, Inc.