Automotive aftermarket e-retailing market set to grow at a CAGR of 18.31% between 2022 and 2027; Growth driven by increasing vehicle lifespan - Technavio

NEW YORK, March 2, 2023 -- According to Technavio, the global automotive aftermarket e-retailing market size is estimated to grow by USD 79,605.34 million between 2022  and 2027. The market is estimated to grow at a CAGR of 18.31% during the forecast period. The growth of the market is driven by the increasing lifespan of vehicles. The average lifespan of vehicles in use is increasing year over year. This is because modern vehicles are more efficient and equipped with long-lasting engines. Hence, customers keep their vehicles for longer periods of time. With the growth in the average lifespan of vehicles, the demand for aftermarket auto parts is increasing across the world. This is driving the growth of the market in focus. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) – Request a report sample

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial 

Global Automotive Aftermarket E-retailing Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on the product (wheels and tires, brakes and brake pads, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market growth in the wheels and tires segment will be significant during the forecast period. The rising popularity of vehicle aftermarket modifications and the increasing online sales of aftermarket wheels and tires are driving the growth of the segment.

Geography Overview
By geography, the global automotive aftermarket e-retailing market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive aftermarket e-retailing market.

• North America will account for 36% of the market growth during the forecast period. The region has a strong presence of organized automotive aftermarket stores. Also, consumers in North America are highly aware of automotive components. These factors are increasing the adoption of aftermarket auto parts and accessories in North America.

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Global Automotive Aftermarket E-retailing Market – Market Dynamics

Major Trend Influencing Market Growth

E-retailing is gaining popularity in the automotive aftermarket, and the market is witnessing a paradigm shift toward online platforms. The sales of automotive aftermarket products ranging from replacement parts to oils are increasing through e-commerce platforms. For instance, in 2019, Advance Auto Parts observed that its online sales increased significantly compared to the products sold through traditional channels. This trend will have a positive impact on the growth of the market during the forecast period.

Major Challenges Impacting Market Growth

High price sensitivity leading to margin pressure on e-retailers is the major challenge hindering the growth of the market. The rise in labor costs, the growing complexity of vehicles, and the rise in the prices of automotive costs are increasing the repair cost of vehicles. Thus, vendors are forced to consider value-based pricing while providing discounts to attract price-sensitive customers. This also helps them maintain margins for automotive products sold on their websites. Also, the intense competition in the market and the rise in the cost of spare parts affect the pricing strategies of vendors. Such challenges are reducing the growth potential in the market.

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What are the key data covered in this automotive aftermarket e-retailing market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the automotive aftermarket e-retailing market between 2023 and 2027
• Precise estimation of the size of the automotive aftermarket e-retailing market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the automotive aftermarket e-retailing market industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of automotive aftermarket e-retailing market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Customer Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive aftermarket e-retailing market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global automotive aftermarket e-retailing market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Customer type Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Customer type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Wheels and tires - Market size and forecast 2022-2027
• Exhibit 34: Chart on Wheels and tires - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Wheels and tires - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Wheels and tires - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Wheels and tires - Year-over-year growth 2022-2027 (%)

• 6.4 Brakes and brake pads - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Brakes and brake pads - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Brakes and brake pads - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Brakes and brake pads - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Brakes and brake pads - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by Customer Type

• 7.1 Market segments 
• Exhibit 47: Chart on Customer Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Customer Type - Market share 2022-2027 (%)

• 7.2 Comparison by Customer Type 
• Exhibit 49: Chart on Comparison by Customer Type
• Exhibit 50: Data Table on Comparison by Customer Type

• 7.3 DIY customers - Market size and forecast 2022-2027
• Exhibit 51: Chart on DIY customers - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on DIY customers - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on DIY customers - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on DIY customers - Year-over-year growth 2022-2027 (%)

• 7.4 Professional customers - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Professional customers - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Professional customers - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Professional customers - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Professional customers - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Customer Type 
• Exhibit 59: Market opportunity by Customer Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027
• Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 1A Auto Inc. 
• Exhibit 112: 1A Auto Inc. - Overview
• Exhibit 113: 1A Auto Inc. - Product / Service
• Exhibit 114: 1A Auto Inc. - Key offerings

• 12.4 Advance Auto Parts Inc. 
• Exhibit 115: Advance Auto Parts Inc. - Overview
• Exhibit 116: Advance Auto Parts Inc. - Product / Service
• Exhibit 117: Advance Auto Parts Inc. - Key offerings

• 12.5 Alibaba Group Holding Ltd. 
• Exhibit 118: Alibaba Group Holding Ltd. - Overview
• Exhibit 119: Alibaba Group Holding Ltd. - Business segments
• Exhibit 120: Alibaba Group Holding Ltd. - Key offerings
• Exhibit 121: Alibaba Group Holding Ltd. - Segment focus

• 12.6 Amazon.com Inc. 
• Exhibit 122: Amazon.com Inc. - Overview
• Exhibit 123: Amazon.com Inc. - Business segments
• Exhibit 124: Amazon.com Inc. - Key news
• Exhibit 125: Amazon.com Inc. - Key offerings
• Exhibit 126: Amazon.com Inc. - Segment focus

• 12.7 AutoZone Inc. 
• Exhibit 127: AutoZone Inc. - Overview
• Exhibit 128: AutoZone Inc. - Product / Service
• Exhibit 129: AutoZone Inc. - Key offerings

• 12.8 Buy Auto Parts 
• Exhibit 130: Buy Auto Parts - Overview
• Exhibit 131: Buy Auto Parts - Product / Service
• Exhibit 132: Buy Auto Parts - Key offerings

• 12.9 CarParts.com Inc. 
• Exhibit 133: CarParts.com Inc. - Overview
• Exhibit 134: CarParts.com Inc. - Product / Service
• Exhibit 135: CarParts.com Inc. - Key offerings

• 12.10 Delticom AG 
• Exhibit 136: Delticom AG - Overview
• Exhibit 137: Delticom AG - Product / Service
• Exhibit 138: Delticom AG - Key offerings

• 12.11 Denso Corp. 
• Exhibit 139: Denso Corp. - Overview
• Exhibit 140: Denso Corp. - Business segments
• Exhibit 141: Denso Corp. - Key news
• Exhibit 142: Denso Corp. - Key offerings
• Exhibit 143: Denso Corp. - Segment focus

• 12.12 eBay Inc. 
• Exhibit 144: eBay Inc. - Overview
• Exhibit 145: eBay Inc. - Product / Service
• Exhibit 146: eBay Inc. - Key news
• Exhibit 147: eBay Inc. - Key offerings

• 12.13 Genuine Parts Co. 
• Exhibit 148: Genuine Parts Co. - Overview
• Exhibit 149: Genuine Parts Co. - Business segments
• Exhibit 150: Genuine Parts Co. - Key offerings
• Exhibit 151: Genuine Parts Co. - Segment focus

• 12.14 Icahn Automotive Group LLC 
• Exhibit 152: Icahn Automotive Group LLC - Overview
• Exhibit 153: Icahn Automotive Group LLC - Product / Service
• Exhibit 154: Icahn Automotive Group LLC - Key offerings

• 12.15 LKQ Corp. 
• Exhibit 155: LKQ Corp. - Overview
• Exhibit 156: LKQ Corp. - Business segments
• Exhibit 157: LKQ Corp. - Key offerings
• Exhibit 158: LKQ Corp. - Segment focus

• 12.16 PARTS iD Inc. 
• Exhibit 159: PARTS iD Inc. - Overview
• Exhibit 160: PARTS iD Inc. - Product / Service
• Exhibit 161: PARTS iD Inc. - Key offerings

• 12.17 Walmart Inc. 
• Exhibit 162: Walmart Inc. - Overview
• Exhibit 163: Walmart Inc. - Business segments
• Exhibit 164: Walmart Inc. - Key news
• Exhibit 165: Walmart Inc. - Key offerings
• Exhibit 166: Walmart Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

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