The automotive e-tailing market is estimated to be worth US$ 76.4 billion in 2024 and is projected to be valued at US$ 268 billion by 2034. Between 2024 and 2034, the market is predicted to rise at a CAGR of 13.4%. Increasing internet penetration worldwide provides a broader consumer base with access to online platforms, facilitating the growth of e-tailing in the automotive sector.
Key Takeaways from the Market Report
- From 2019 to 2023, the automotive e-tailing market expanded at a CAGR of 16.9%.
- Based on vehicle type, the passenger vehicle segment is expected to rise at a CAGR of 13.2% from 2024 to 2034.
- The automotive e-tailing demand in China is predicted to grow at a CAGR of 13.9% through 2034.
- In the United States, the automotive e-tailing industry is estimated to register a CAGR of 13.7% from 2024 to 2034.
- The United Kingdom is projected to expand by a value CAGR of 14.7% between 2024 and 2034.
- The automotive e-tailing market in Japan is anticipated to record a CAGR of 14.9% during 2034.
“The automotive e-tailing market is being propelled by increasing convenience of shopping online for automotive products, including parts, accessories, and tools.” – Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)
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The automotive industry’s ongoing digital transformation involves the adoption of online platforms for various aspects of the buying process, contributing to the growth of e-tailing. E-tailing offers consumers a convenient and time-efficient way to browse, compare, and purchase automotive products without the need to visit physical stores.
The prevalence of smartphones and the rise of mobile commerce enable consumers to shop for automotive products using mobile devices, contributing to the market’s growth.
E-tailers provide a wide range of automotive products, including original equipment manufacturer (OEM) parts, aftermarket accessories, tools, and maintenance items, meeting the diverse needs of vehicle owners. Growing environmental awareness leads to increased demand for eco-friendly automotive products, often available through e-tailing platforms, contributing to market growth.
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Competitive Landscape
Market participants in the automotive e-tailing sector are actively engaging in collaborations with original equipment manufacturers (OEMs), aftermarket suppliers, and various industry stakeholders to broaden their product portfolios, ensuring a diverse and comprehensive inventory.
Strategic partnerships with logistics firms have been established to optimize supply chain operations, guaranteeing efficient management and timely deliveries. These players are committed to providing an expansive and varied product catalog, encompassing a wide array of automotive parts, accessories, and tools to cater to the diverse needs of their customers.
- eBay’s automotive category allows sellers to list new and used automotive parts and accessories for buyers to purchase through an auction or fixed-price format.
- Continental is a major automotive supplier known for tires, electronics, and other components. Continental’s products are available through various channels, including e-tailing platforms.
- Delticom is a European e-commerce company specializing in tires and automotive accessories. Delticom operates online tire shops and automotive e-tailing platforms.
Key Companies Profiled
- Flipkart
- Wal-Mart Stores Inc.
- O’Reilly Automotive Inc.
- Robert Bosch GmbH
- E-bay Inc.
- Continental AG
- Delticom AG
- Alibaba Group Holding Ltd
- AutoZone Inc.
- Advance Auto Parts Inc.
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Automotive E-Tailing Market – Key Segments
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Two-Wheeler
By Components:
- Infotainment
- Interior Accessories
- Engine Components
- Tires
- Electrical Products
By Vendor:
- OEM Vendor
- Third-Party Vendor
By Product Label:
- Branded
- Counterfeit
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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