E-Commerce in Automotive Aftermarket to Witness 23.3% Revenue Boom by 2030, Globally says P&S Intelligence

Get the sample copy this report @ https://www.psmarketresearch.com/market-analysis/e-commerce-in-automotive-aftermarket/report-sample

As the automotive component supply chain has been negatively affected by the COVID-pandemic, which has also persuaded people to refrain from purchasing non-essential goods, the e-commerce in automotive aftermarket is currently witnessing recession. Apart from the supply of vehicle parts, even their manufacturing has stopped, as numerous countries have locked themselves down, in order to stop the pandemic in its tracks. However, as soon as the situation improves, the online sales of auto parts will pick up.

The engine parts category, based on component, would hold the largest share in the e-commerce in automotive aftermarket in the coming years. This is attributed to the increase in the number of vehicles on the roads as well as a rise in their average age, which are together driving the demand for engine parts, which are crucial for the functioning of automobiles.

In the coming years, higher CAGR in the e-commerce in automotive aftermarket, of 25.8%, is expected to be observed by the direct-to-consumer bifurcation, under segmentation by channel. This would be on account of the changing consumer preference to shop online, and rise in the number of people who like to perform vehicle repairs and upgrades themselves.

Browse report overview with detailed TOC on: "E-Commerce in Automotive Aftermarket Research Report: By Component (Engine Parts, Drive Transmission and Steering Parts, Suspension and Braking Parts, Equipment, Electrical Parts, Miscellaneous), Channel (Third Party Retailer, Direct to Consumer), Consumer (B2C, B2B) - Global Industry Analysis and Growth Forecast to 2030" at: https://www.psmarketresearch.com/market-analysis/e-commerce-in-automotive-aftermarket

The business-to-business (B2B) bifurcation, on the basis of consumer, dominated the e-commerce in automotive aftermarket during 2014–2019, as online retailers offer sizeable discounts on bulk purchases, easy payment options, and cost-effective doorstep delivery. All these advantages attract a large number of buyers, which mutually benefits the e-tailer as well as the auto part manufacturer.

Asia-Pacific (APAC), which is currently the highest revenue contributor to the e-commerce in automotive aftermarket, will continue dominating the industry in the near future. The largest vehicle manufacturer on earth, APAC has an annual output of more than 50 million automobiles, which is why it is a lucrative market for spare parts. Owing to the rapid urbanization rate, vehicle sales are picking up in the region. Moreover, the technologically inclined population has not only started repairing and upgrading automobiles itself, but it is also shifting to online shopping.

Make enquiry about this report @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=e-commerce-in-automotive-aftermarket

The major companies functioning in the global e-commerce in automotive aftermarket are Robert Bosch GmbH, DENSO CORP., Valeo SA, Delphi Technologies PLC, Continental AG, ZF Friedrichshafen AG, Meritor Inc., HELLA GmbH & Co. KGaA, eBay Inc., Amazon.com Inc., U.S. Auto Parts Network Inc., AutoZone Inc., Advance Auto Parts Inc., Alibaba Group Holding Ltd., Genuine Parts Co., and BuyAutoParts.com.

Browse More Reports

U.A.E E-Commerce Automotive Aftermarket - https://www.psmarketresearch.com/market-analysis/uae-e-commerce-automotive-aftermarket

Reefer Container Market - https://www.psmarketresearch.com/market-analysis/reefer-container-market-report

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:

Prajneesh Kumar 
P&S Intelligence
Contact: +1-347-960-6455
Email: [email protected]
Web: https://www.psmarketresearch.com

Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg