Title: E-commerce Automotive Aftermarket from third party retailers will cross USD 29 billion by 2025
1E-commerce Automotive Aftermarket Industry in
North America to grow at over 18 CAGR by 2025
2Key Insights from E-commerce Automotive
Aftermarket
- Global e-commerce automotive aftermarket is
expected to generate a demand of over 1 billion
units till 2025. Increasing age of vehicles
across the globe, specifically in developed
countries coupled with shifting consumer
preference towards online purchase of auto
components will primarily drive the industry
growth over the forecast timeframe. - Steering and suspension is anticipated to
dominate the e-commerce automotive aftermarket
share over the forecast timeframe. This can be
credited to rising demand of components such as
control arms, coil springs, and bearings.
Availability of numerous options at reasonable
price and choice will positively impact the
product demand. - Spark plugs are expected to exhibit over 21 CAGR
till 2025 owing to recommendation of vehicle
manufacturers for product replacement after every
30,000 miles. Increased accident rates along with
cheaper product availability as compared to its
counterparts will further propel the segments
growth.
3Continued...
- The manufacturers are increasingly launching
their products on online platforms through third
party retailers such as Amazon, and eBay or via
their own online portals, positively impacting
the industry growth. - Third party retailers are likely to account for
highest revenue share crossing USD 29 billion by
2025. Rising popularity of these retailers such
as eBay, Amazon, etc. will primarily drive the
industry growth. High revenue generation can also
be attributed to the distinct services. Moreover,
provision of benefits such as same day delivery
will further strengthen the e-commerce automotive
aftermarket penetration. - Direct to customer will exhibit approximately 21
CAGR from 2018 to 2025. This can be attributed to
high brand loyalty of the customers and provision
of appropriate service facilities. The automotive
aftermarket players such as Bosch are expanding
their online platforms to enhance their
visibility among the customers. - B2C will account for maximum revenue share
crossing USD 13 billion over the forecast
timeline. Shifting preference of customers
towards online purchase of these auto-parts will
primarily support the industry dominance.
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5U.S. E-commerce Automotive Aftermarket, By
Consumer, 2017 2025, (million units)
6Major Companies in E-commerce Automotive
Aftermarket
- ACP Composites
- Hexcel Corporation
- Johns Manville Corporation
- DowAksa
- Owens Corning Corp.
- Revchem Composites
- SGL Group
- Clear Water Composties
- Jushi Group Co. Ltd.
7Industry Coverage
8Regional Insights in E-commerce Automotive
Aftermarket
- North America e-commerce automotive aftermarket
size is anticipated to exhibit a CAGR of
approximately 17 by 2025. Well established
internet infrastructure will pave stable growth
prospects to the regions growth. Presence of
prominent e-commerce leaders such as Amazon will
strengthen the industry growth over the coming
years. - Asia Pacific is likely to exhibit considerable
share of over USD 9 billion over the coming
years. The substantial revenue generation can be
attributed to growth in automobile industry along
with rising internet penetration across the
region.
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