What is Global E-commerce Automotive Aftermarket Market?
The Global E-commerce Automotive Aftermarket Market is a rapidly growing sector that involves the online sale of vehicle parts and services. This market has seen significant growth due to the increasing digitization of automotive repair and maintenance services. It includes everything from vehicle parts, accessories, and services that are purchased online after the sale of the vehicle by the original equipment manufacturer. This market is driven by factors such as the increasing age of vehicles, the growing trend of Do-It-Yourself (DIY), and the increasing penetration of e-commerce in automotive aftermarket sales. The convenience of online shopping, coupled with the wide variety of products available, has made it a popular choice for consumers.
Product, Service in the Global E-commerce Automotive Aftermarket Market:
The Global E-commerce Automotive Aftermarket Market is divided into two main segments: product and service. The product segment includes all the physical items like parts, accessories, and other automotive components that are sold online. These products can range from simple car accessories to complex engine parts. On the other hand, the service segment includes all the services related to automotive repair and maintenance that are booked or availed online. This can include services like oil changes, tire rotations, brake inspections, and more. The growth of this market is largely driven by the increasing consumer preference for online shopping, the growing trend of DIY, and the increasing digitization of automotive services.
Interior accessories, Exterior accessories, Performance parts, Wheels & tires, Tools & garage, Auto body parts, Oil, coolants and fluids, Others (paints, custom modifications) in the Global E-commerce Automotive Aftermarket Market:
The Global E-commerce Automotive Aftermarket Market finds its usage in various areas such as interior accessories, exterior accessories, performance parts, wheels & tires, tools & garage, auto body parts, oil, coolants and fluids, and others. Interior accessories include items like seat covers, floor mats, and air fresheners, while exterior accessories include items like car covers, roof racks, and body kits. Performance parts include items like air filters, brake pads, and suspension components. Wheels and tires include all types of car tires and wheel accessories. Tools and garage include all types of automotive tools and garage equipment. Auto body parts include items like bumpers, fenders, and mirrors. Oil, coolants, and fluids include all types of automotive fluids and lubricants. Other usage areas include paints and custom modifications.
Global E-commerce Automotive Aftermarket Market Outlook:
The future of the Global E-commerce Automotive Aftermarket Market looks promising. In 2023, the market was valued at US$ 74600 million and it is expected to reach a staggering US$ 249190 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 18.5% during the forecast period from 2024 to 2030. Currently, the majority of the world's automobiles are found in Asia, Europe, and North America. Asia leads the pack with 56% of the world's automobile production, followed by Europe with 20%, and North America with 16%. This concentration of automobiles in these regions is a major driving factor for the growth of the E-commerce Automotive Aftermarket Market.
| Report Metric | Details |
| Report Name | E-commerce Automotive Aftermarket Market |
| Accounted market size in 2023 | US$ 74600 million |
| Forecasted market size in 2030 | US$ 249190 million |
| CAGR | 18.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| By Region |
|
| By Company | Advance Auto Parts, Amazon Inc., National Automotive Parts Association, Pep Boys, EBay Inc., Cdiscount, ERA SPA, AliExpress, O’Reilly Automotive Inc., Shopee365, LKQ Corporation, AutoZone Inc., DENSO Corporation, U.S. Auto Parts Network Inc., Rakuten Commerce LLC, Das Ersatzteil GmbH, CATI SpA, DNABER Auto Parts, Q-Parts 24 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
