The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Automotive E-Commerce Market to Reach $176.24 Bn, Globally, by 2030 at 17.5% CAGR: Allied Market Research

Increase in penetration of internet & smartphones, rapid growth of automotive aftermarket services, and development of multiple payment modes drive the global automotive e-commerce market.

PORTLAND, Ore., Sept. 2, 2022 -- Allied Market Research recently published a report, titled, "Automotive E-Commerce Market by Components (Informational and Multimedia, Engine Component, Tires and Wheels, Interior Accessories, Exterior Accessories, Electrical Products), by Vendors (OEM, Third Party Vendors), by Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle), by Operation (Transportation, Warehouse): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global automotive e-commerce industry was accounted for $38.67 billion in 2021, and is expected to reach $176.24 billion by 2031, growing at a CAGR of 17.5% from 2022 to 2031.

Drivers, restraints, and opportunities

Surge in penetration of internet & smartphones, growth of automotive aftermarket services, and advancement of multiple payment modes have boosted the growth of the global automotive e-commerce market. However, trust deficit among users and online frauds & cyber security issues hamper the market growth. On the contrary, expansion of cross-border e-commerce and digital commerce automation are expected to open new opportunities in the future.

Download Report (350 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/8856

Covid-19 scenario:

  • The Covid-19 pandemic had a negative impact on the automotive e-commerce market. The pandemic forced governments to implement strict lockdown regulations and banned import-export of essential raw materials.
  • The halt of production activities, mandated plant closures, and limited part supply negatively impacted the market. Thus, market players had to focus on modifying such risks and created developments to maintain foothold the market.
  • However, during the pandemic, the demand for online shopping in several areas increased, which required manufacturing and logistics companies to boost their logistics and manufacturing.

The interior accessories segment held the largest share

By components, the interior accessories segment held the largest share in 2021, accounting for nearly one-fourth of the global automotive e-commerce market and is projected to maintain its leading position throughout the forecast period. Furthermore, the segment is expected to register the highest CAGR of 20.0% during the forecast period, owing to increase in demand for improved aesthetic appearance in vehicles. The report includes analysis of segments such as the informational and multimedia, engine component, tires and wheels, exterior accessories, and electrical products.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/8856

The third-party vendors segment dominated the market

By vendors, the third-party vendors segment held the lion's share in 2021, contributing to nearly three-fourths of the global automotive e-commerce market, and is anticipated to maintain its dominance in terms of revenue by 2031. In addition, the segment is estimated to manifest the highest CAGR of 18.5% from 2022 to 2031, it provides convenient buying experience and fast delivery. The report includes analysis of the OEM segment.

The passenger car segment to manifest the highest CAGR through 2031

By vehicle type, the passenger car segment is expected to register the highest CAGR of 19.0% during the forecast period. In addition, the segment held the largest share in 2021, accounting for more than two-fifths of the global automotive e-commerce market, and is projected to maintain its leading position during the forecast period. This is due to increase in demand for comfort and convenience accessories for passenger cars. The report includes analysis of the two wheeler and commercial vehicle.

The warehouse segment would showcase the highest CAGR by 2031

By operation, the warehouse segment is expected to manifest the highest CAGR of 18.8% during the forecast period, as industry players build comprehensive warehouse services in order to meet client's demands more quickly. However, the transportation segment held the largest share in 2021, contributing to more than half of the global automotive e-commerce market, and is expected to maintain its dominance during the forecast period.

Schedule a FREE Consultation Call with Our Analysts to Find Solutions for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/8856

Asia-Pacific held the largest share

By region, the global automotive e-commerce market across Asia-Pacific dominated in 2021, holding nearly half of the market. In addition, the region is projected to portray the highest CAGR of 18.7% during the forecast period, owing to presence of automotive OEMs and changing automotive sales outlook. The report includes analysis of the market across Europe, North America, and Europe.

Major market players

  • Advance Auto Parts
  • Alibaba Group
  • Amazon.Com, Inc.
  • Arch Auto Parts
  • AutoAnything, Inc.
  • Auto Zone, inc.
  • CARiD
  • e-Bay Inc.
  • Flipkart
  • JC Whitney
  • Napa Auto Parts
  • Pep Boys
  • RockAuto, LLC
  • Sears (Transform Holdco LLC.)
  • Smart Parts Online Pvt. Ltd. (boodmo)
  • Tire Rack.com, Inc.
  • U.S. Auto Parts Network Inc.

The report analyzes these key players of the global automotive e-commerce market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/8856

Similar Reports We Have on Automotive Industry:

Cross-border E-commerce Logistics Market by Service Type (Cross-border Freight Transport, International Transportation Management & Freight Forwarding, and International Warehousing & Logistics), End Use (Manufacturing & Automotive, Oil & Gas, Chemicals, Agriculture, Fishing & Forestry, Construction, Distributive Trade, Pharmaceutical & healthcare, and Others), and Delivery Type (Standard Delivery, and Same-day Delivery): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Courier Services Market by Product (Courier, Express, and Parcel), Business (B2B (Business-to-Business), Consumer-to-consumer (C2C), and B2C (Business-to-Consumer)), Destination (Domestic, and International), End User (Services (BFSI (Banking, Financial Services, and Insurance)), Wholesale and Retail Trade (E-commerce), Primary Industries (Agriculture, and Other Natural Resources), Manufacturing, Construction, and Utilities: Global Opportunity Analysis and Industry Forecast, 2020–2030.

Courier, Express, and Parcel (CEP) Market by Business (B2B, B2C, and C2C), Destination (Domestic and International), and End User (Services, Wholesale & Retail Trade, Manufacturing, Construction & Utilities, and Primary Industries): Global Opportunity Analysis and Industry Forecast, 2020–2027.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa 
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected] 
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | Twitter | LinkedIn |

Logo : https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 

SOURCE Allied Market Research