E-Commerce in Automotive Aftermarket COVID-19 Impact Analysis By Segmentations, Key Company Profiles & Demand 1 ©P&SIntelligence.Allrightsreserved
With rising digitization and the increasing popularity of online shopping, the companies selling automotive aftermarket parts and components are rapidly shifting their operations toward online portals. Moreover, nowadays, customers are increasingly preferring buying automobile parts from online portals over the conventional brick-&-mortar outlets, on account of the availability of a diverse product range, hassle-free and smooth transactions, and the timely delivery of products according to the consumer convenience in these online portals. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/e- commerce-in-automotive-aftermarket/report-sample Additionally, several e-retail companies such as Amazon.com Inc.,Wal-Mart Stores Inc., and Alibaba Group Holding Ltd. are increasingly selling automotive parts and components on their online portals. Many consumers have concerns regarding product specifications and automobile compatibility requirements and the services currently available in the aftermarket. Moreover, it is very difficult for customers to determine the cost of various automotive aftermarket services and products and their cost-effectiveness. This is further boosting the popularity of online shopping of aftermarket components. The rising average age of automobiles, the expansion of the automotive aftermarket, and the increasing prevalence of road accidents are the other major factors fueling the sales of automotive aftermarket products via e-commerce platforms. This is, in turn, driving the progress of the market for global e-commerce in automotive aftermarket. The market valuation is predicted to surge from $38.2 billion in 2019 to $292.6 billion by 2030. Furthermore, the market will advance at a CAGR of 23.3% between 2020 and 2030. Globally, the e-commerce in automotive aftermarket will register the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This will be because of the soaring sales of vehicles in the developing countries of APAC. Furthermore, the increasing gross domestic product (GDP) and the rising disposable income of the people living in the regional countries are propelling the advancement of the market in the region. Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send- enquiry?enquiry-url=e-commerce-in-automotive-aftermarket Hence, it can be said with certainty that the demand for the availability of automotive aftermarket parts and components at online portals will shoot-up in the coming years, mainly because of the increasing age of automobiles, the rising popularity of online shopping, and the soaring adoption of DIY methods across the world. Market Segmentation by Component •Engine Parts oPistons and piston rings
oEngine valves and parts oFuel injection systems and carburetors oPowertrain components and others •Drive Transmission and Steering Parts oGearboxes oWheels oSteering systems oAxles oClutch assembly systems and others •Suspension and Braking Parts oBrake calipers oBrake pads oSuspension systems oOther parts •Equipment oHeadlights and headlights components oWipers and washer systems oDashboard instruments oOther equipment •Electrical Parts oStarter motors oSpark plugs oElectric ignition systems oBatteries and others •Miscellaneous Market Segmentation by Channel •Third Party Retailer •Direct to Consumer Market Segmentation by Consumer •Business to Consumer (B2C) •Business to Business (B2B) Market Segmentation by Region •North America E-Commerce in Automotive Aftermarket oBy component oBy channel oBy consumer oBy country – U.S. and Canada •Europe E-Commerce in Automotive Aftermarket oBy component oBy channel oBy consumer oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe •Asia-Pacific (APAC) E-Commerce in Automotive Aftermarket oBy component oBy channel oBy consumer
oBy country –China, Japan, South Korea, India, and Rest of APAC •Latin America, Middle East, and Africa (LAMEA) E-Commerce in Automotive Aftermarket oBy component oBy channel oBy consumer oBy country – Brazil, Mexico, U.A.E, and Rest of LAMEA This study covers •Historical and the present size of the E-Commerce in Automotive Aftermarket •Major factors driving the market and their impact during the short, medium, and long terms •Market restraints and their impact during the short, medium, and long terms •Recent trends and evolving opportunities for the market participants •Historical and the present size of the market segments and understand their comparative future potential •Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings •Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders •Major players operating in the market and their service offerings •Recent strategic developments by the major players in the market 3 ©P&SIntelligence.Allrightsreserved
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