E-commerce Automotive Aftermarket from third party retailers will cross USD 29 billion by 2025 - PowerPoint PPT Presentation

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E-commerce Automotive Aftermarket from third party retailers will cross USD 29 billion by 2025

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Title: E-commerce Automotive Aftermarket from third party retailers will cross USD 29 billion by 2025


1
E-commerce Automotive Aftermarket Industry in
North America to grow at over 18 CAGR by 2025
2
Key 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.

3
Continued...
  • 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.

4

Latest Research Report On E-commerce Automotive
Aftermarket _at_ https//www.gminsights.com/industry-
analysis/e-commerce-automotive-aftermarket
Request for a sample of this research report
_at_ https//www.gminsights.com/request-sample/detail
/2382
5
U.S. E-commerce Automotive Aftermarket, By
Consumer, 2017 2025, (million units)

6
Major 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.

7
Industry Coverage

8
Regional 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.

9
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