E-tailing is one of the fastest growing distribution channel in the entire automotive industry. The automotive e-tailing market is expanding at a brisk pace and is slated to continue in the coming years as well. The growth of the market is calculated and assessed by the team of Market Research Future (MRFR). Their published report states that the global automotive e-tailing market is expected to reach a valuation of USD 55.22 billion by the end of the forecast period in 2022. The growth in market is expected to at a CAGR of 12% from 2016 to 2022 (forecast phase).
An increasing number of businesses are nowadays deploying e-commerce as a tool to accelerate their sales and revenue, and the automotive sector is certainly one amongst them. Automotive e-tailing is known as the sale of automotive goods and components through various electronic media. The global automotive e-tailing market is slated to grow in a profound fashion in the near future. The factors identified as the primary driver of the market are the increasing ecommerce platform and collaboration between companies and e-commerce providers. The easy mode of online shopping and payment and the availability of a vast pool of automotive products like interior accessories, infotainment systems, engine parts, tires-wheel, and electrical components aids the overall growth of the market. The fast-paced expansion of the automotive industry across emerging nations also helps steer the growth of the market. Add to this, factors like feature comparison, customer reviews, and the availability of goods at a discounted rate also help boost the market growth of automotive e-tailing.
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The global automotive e-tailing market has been segmented based on vendor type, component, and vehicles. By vendor type, the market has been segmented into OEM Vendor and Third Party Vendor. By component, the market has been segmented Electrical & Electronics, Chassis, and Powertrain. By vehicles, the market has been segmented into commercial cars and non-commercial vehicles.
The Leading Players In The Automotive E-Tailing Market Are:
Advance Auto Parts, Inc. (U.S), Delticom AG (Germany), eBay Inc. (U.S), Rock Auto LLC. (U.S), Genuine Parts Company (U.S), CARiD.com (U.S), O’Reilly Auto Parts (U.S), AutoZone, Inc. (U.S), JEGS High Performance (U.S), K&N Engineering, Inc. (U.S) and others.
The key markets of the global automotive e-tailing market are North America, South America, Europe, Asia-Pacific and the Middle East & Africa. The Asia-Pacific market accounts for the largest share of the market owing to rising internet penetration and proliferation of smartphones in the region. China and India re the key contributors in the region due to high vehicle population. North America market is also consolidated due to a high inclination towards e-tailing in the region.
In April 2018, Hero MotoCorp, an automotive company launched an e-commerce portal to sell authentic hero parts and accessories for two-wheelers. The company has partnered with Delhivery, an Indian logistics company for delivering parts to its customers across India.
In June 2018, eBay Canada announced the availability of a new automotive parts compatibility feature called Fitment. The feature will make it easier for buyers to search for parts and accessories.
In June 2018, Xevo and TomTom announced a partnership to combine Xevo market platform with TomTom’s map and navigation expertise. The partnership would offer an opportunity to extend in-vehicle personalization and make navigation experience better and smarter.
The report for Global Automotive E-tailing Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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LIST OF TABLES
TABLE 1 GLOBAL AUTOMOTIVE E-TAILING MARKET SNAPSHOT
TABLE 2 DRIVERS FOR THE MARKET
TABLE 3 RESTRAINTS FOR THE MARKET
TABLE 4 AUTOMOTIVE E-TAILING MARKET, BY VENDOR TYPE, 2016-2022
TABLE 5 OEM VENDOR: AUTOMOTIVE E-TAILING MARKET, BY REGION, 2016-2022
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 IMPACT ANALYSIS: DRIVERS AND RESTRAINTS
FIGURE 3 AUTOMOTIVE E-TAILING MARKET, BY VENDOR TYPE, 2016-2022
FIGURE 4 AUTOMOTIVE E-TAILING MARKET, BY COMPONENTS, 2016-2022
FIGURE 5 AUTOMOTIVE E-TAILING MARKET, BY VEHICLES, 2016-2022
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