Product Code: 12049
The e-commerce automotive aftermarket size is expected to increase from an estimated $78,631.4 million in 2021 to $191,545.7 million by 2030 at a robust 10.4% CAGR. According to the market research study published by P&S Intelligence. Both repair shops and vehicle owners are now procuring replacement vehicle parts online, of which garages, or B2B customers, have been more significant till now. They generally buy the components in bulk, to fit in the vehicles of owners.
In the coming years, B2C customers, which include the vehicle owners themselves, will become rapidly significant for companies offering automotive aftermarket parts on online channels. This will be because of the growth in the DIY culture and shopping convenience that e-commerce offers people, in terms of doorstep delivery, special discounts, and product comparisons.
Key Findings of E-Commerce Automotive Aftermarket Report:
- Replacement engine parts are being bought the most widely off e-commerce platforms because of the rise in the number and average age of vehicles around the world.
- From 1.28 billion in 2015, the number of vehicles in operation had risen to 1.73 billion by 2020-end, thus driving the e-commerce automotive aftermarket by leading to the rising requirement for replacement parts.
- Another key driver for the industry is the rising rate of digitization, which is offering an increasing number of people access to the internet. As per the World Bank, 56.7% of the global population had internet access in 2019, compared to 28.8% in 2010.
- Moreover, the click-and-mortar concept is becoming popular as it allows customers to look the product up and pay for it online and pick it up at the physical store.
- In the industry, third-party retailers are the dominant channel because they offer parts by a large number of manufacturers at discounted prices, thereby making the experience better for buyers.
- APAC has the largest regional e-commerce automotive aftermarket size as it is home to the largest number of vehicles. Moreover, almost all established automotive component manufacturers have factories and sales presence here.
The key reason for the rising automobile sales in APAC is the increase in the disposable income of people, which is accompanied by industrialization and urbanization. Additionally, with technological advancements and strong safety regulations, the average age of automobiles has risen here. Similarly, with the government efforts to enhance their communications infrastructure, more inhabitants here now have access to the internet.
This is why the key e-commerce automotive aftermarket players, including both component manufacturers and online shopping portals, are entering into partnerships or acquiring each other. Major companies in the industry are Robert Bosch GmbH, Amazon.com Inc., Meritor Inc., eBay Inc., Genuine Parts Co. Inc., AutoZone Inc., CarParts.com Inc., Advance Auto Parts Inc., BUYAUTOPARTS LLC, and Alibaba Group Holding Ltd.
Table of Contents
Chapter 1. Research Background
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Research Scope
- 1.3.1. Market Segmentation by Component
- 1.3.2. Market Segmentation by Channel
- 1.3.3. Market Segmentation by Consumer
- 1.3.4. Market Segmentation by Region
- 1.3.5. Analysis Period
- 1.3.6. Market Data Reporting Unit
- 1.4. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Research
- 2.2.1. Breakdown of Primary Research Respondents
- 2.2.1.1. By region
- 2.2.1.2. By industry participant
- 2.2.1.3. By company type
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
- 4.1. Definition of Market Segments
- 4.1.1. By Component
- 4.1.1.1. Engine parts
- 4.1.1.1.1. Pistons and piston rings
- 4.1.1.1.2. Engine valves and parts
- 4.1.1.1.3. Fuel injection systems and carburetors
- 4.1.1.1.4. Powertrain components and others
- 4.1.1.2. Drive transmission and steering parts
- 4.1.1.2.1. Clutch assembly systems and others
- 4.1.1.2.2. Gearboxes
- 4.1.1.2.3. Axles
- 4.1.1.2.4. Steering systems
- 4.1.1.2.5. Wheels
- 4.1.1.3. Suspension and braking parts
- 4.1.1.3.1. Brake calipers
- 4.1.1.3.2. Brake pads
- 4.1.1.3.3. Suspension systems
- 4.1.1.3.4. Others
- 4.1.1.4. Equipment
- 4.1.1.4.1. Headlights and lighting components
- 4.1.1.4.2. Wiper and washer systems
- 4.1.1.4.3. Dashboard instruments
- 4.1.1.4.4. Others
- 4.1.1.5. Electrical parts
- 4.1.1.5.1. Starter motors
- 4.1.1.5.2. Spark plugs
- 4.1.1.5.3. Electric ignition systems
- 4.1.1.5.4. Batteries and others
- 4.1.1.6. Miscellaneous
- 4.1.2. By Channel
- 4.1.2.1. Third-party retailer
- 4.1.2.2. Direct to consumer
- 4.1.3. By Consumer
- 4.1.3.1. B2C
- 4.1.3.2. B2B
- 4.2. Value Chain Analysis
- 4.3. Market Dynamics
- 4.3.1. Trends
- 4.3.1.1. Click-and-mortar retailing
- 4.3.2. Drivers
- 4.3.2.1. Convenience offered by online shopping channels
- 4.3.2.2. Increasing number of DIY customers
- 4.3.2.3. Growing automotive aftermarket
- 4.3.2.3.1. Increasing number of VIO
- 4.3.2.3.2. Increasing average age of vehicles
- 4.3.2.3.3. Rising number of road accidents
- 4.3.2.4. Impact analysis of drivers on market forecast
- 4.3.3. Restraints
- 4.3.3.1. Inability of e-commerce to tend to immediate consumer needs
- 4.3.3.2. Increasing complexity of vehicles
- 4.3.3.3. Impact analysis of restraints on market forecast
- 4.3.4. Opportunities
- 4.3.4.1. Increasing number of private-label brands
- 4.3.4.2. Growing rate of digitization
- 4.4. Porter's Five Forces Analysis
- 4.4.1. Bargaining Power of Buyers
- 4.4.2. Bargaining Power of Suppliers
- 4.4.3. Intensity of Rivalry
- 4.4.4. Threat of New Entrants
- 4.4.5. Threat of Substitutes
Chapter 5. Impact of COVID-19 on E-Commerce in Automotive Aftermarket
Chapter 6. Global Market Size and Forecast
- 6.1. By Component
- 6.1.1. Engine Parts, by Component
- 6.1.2. Drive Transmission and Steering Parts, by Component
- 6.1.3. Suspension and Braking Parts, by Component
- 6.1.4. Equipment, by Component
- 6.1.5. Electrical Parts, by Component
- 6.2. By Channel
- 6.3. By Consumer
- 6.4. By Region
Chapter 7. North America Market Size and Forecast
- 7.1. By Component
- 7.1.1. Engine Parts, by Component
- 7.1.2. Drive Transmission and Steering Parts, by Component
- 7.1.3. Suspension and Braking Parts, by Component
- 7.1.4. Equipment, by Component
- 7.1.5. Electrical Parts, by Component
- 7.2. By Channel
- 7.3. By Consumer
- 7.4. By Country
Chapter 8. Europe Market Size and Forecast
- 8.1. By Component
- 8.1.1. Engine Parts, by Component
- 8.1.2. Drive Transmission and Steering Parts, by Component
- 8.1.3. Suspension and Braking Parts, by Component
- 8.1.4. Equipment, by Component
- 8.1.5. Electrical Parts, by Component
- 8.2. By Channel
- 8.3. By Consumer
- 8.4. By Country
Chapter 9. APAC Market Size and Forecast
- 9.1. By Component
- 9.1.1. Engine Parts, by Component
- 9.1.2. Drive Transmission and Steering Parts, by Component
- 9.1.3. Suspension and Braking Parts, by Component
- 9.1.4. Equipment, by Component
- 9.1.5. Electrical Parts, by Component
- 9.2. By Channel
- 9.3. By Consumer
- 9.4. By Country
Chapter 10. LAMEA Market Size and Forecast
- 10.1. By Component
- 10.1.1. Engine Parts, by Component
- 10.1.2. Drive Transmission and Steering Parts, by Component
- 10.1.3. Suspension and Braking Parts, by Component
- 10.1.4. Equipment, by Component
- 10.1.5. Electrical Parts, by Component
- 10.2. By Channel
- 10.3. By Consumer
- 10.4. By Country
Chapter 11. Competitive Landscape
- 11.1. List of Players and Their Offerings
- 11.2. Competitive Analysis of Key Players
- 11.3. Comparison of Key Players
- 11.4. Strategic Developments in Market
- 11.4.1. Product and Service Launches
- 11.4.2. Partnerships
- 11.4.3. Mergers and Acquisitions
- 11.4.4. Facility Expansions
- 11.4.5. Other Developments
Chapter 12. Company Profiles
- 12.1. Robert Bosch GmbH
- 12.1.1. Business Overview
- 12.1.2. Product and Service Offerings
- 12.1.3. Key Financial Summary
- 12.2. DENSO CORPORATION
- 12.2.1. Business Overview
- 12.2.2. Product and Service Offerings
- 12.2.3. Key Financial Summary
- 12.3. Valeo SA
- 12.3.1. Business Overview
- 12.3.2. Product and Service Offerings
- 12.3.3. Key Financial Summary
- 12.4. ZF Friedrichshafen AG
- 12.4.1. Business Overview
- 12.4.2. Product and Service Offerings
- 12.4.3. Key Financial Summary
- 12.5. Continental AG
- 12.5.1. Business Overview
- 12.5.2. Product and Service Offerings
- 12.5.3. Key Financial Summary
- 12.6. HELLA GmbH & Co. KGaA
- 12.6.1. Business Overview
- 12.6.2. Product and Service Offerings
- 12.6.3. Key Financial Summary
- 12.7. Meritor Inc.
- 12.7.1. Business Overview
- 12.7.2. Product and Service Offerings
- 12.7.3. Key Financial Summary
- 12.8. Amazon.com Inc.
- 12.8.1. Business Overview
- 12.8.2. Product and Service Offerings
- 12.8.3. Key Financial Summary
- 12.9. eBay Inc.
- 12.9.1. Business Overview
- 12.9.2. Product and Service Offerings
- 12.9.3. Key Financial Summary
- 12.10. AutoZone Inc.
- 12.10.1. Business Overview
- 12.10.2. Product and Service Offerings
- 12.10.3. Key Financial Summary
- 12.11. Genuine Parts Co. Inc.
- 12.11.1. Business Overview
- 12.11.2. Product and Service Offerings
- 12.11.3. Key Financial Summary
- 12.12. CarParts.com Inc.
- 12.12.1. Business Overview
- 12.12.2. Product and Service Offerings
- 12.12.3. Key Financial Summary
- 12.13. BUYAUTOPARTS LLC
- 12.13.1. Business Overview
- 12.13.2. Product and Service Offerings
- 12.14. Advance Auto Parts Inc.
- 12.14.1. Business Overview
- 12.14.2. Product and Service Offerings
- 12.14.3. Key Financial Summary
- 12.15. Alibaba Group Holding Ltd.
- 12.15.1. Business Overview
- 12.15.2. Product and Service Offerings
- 12.15.3. Key Financial Summary
Chapter 13. Appendix
- 13.1. Abbreviations
- 13.2. Sources and References
- 13.3. Related Reports