Market Size of Automotive E Tailing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive E-tailing Market Analysis
The Automotive E-tailing Market was valued at USD 48.5 billion in 2021 and is expected to reach USD 87.98 billion by 2027, growing at a CAGR of 12% over the forecast period (2022 - 2027).
The COVID-19 pandemic had a mixed impact on the automotive e-tailing market, as lockdowns and shutdown of manufacturing units in the initial phase of COVID-19 restricted the production across the automotive industry and a simultaneous slowdown in demand for components in the market. However, as online shopping picked up, the demand for automotive components across various internet mediums started seeing positive trends. A growing customer base is likely to continue over the forecast period.
Increasing awareness towards the Internet use by consumers and growing consumers' inclination towards online shopping owing to benefits like availability of a broad range of products, availability of branded automotive components, etc. Furthermore, increasing investments in e-commerce platforms and easy availability of cheap automotive spare parts are expected to drive demand in the market during the forecast period.
However, cybercrimes related to online transactions, lack of efficient operational activities, such as late or inaccurate delivery of products that leads to reduced value for customers, and intanthe gible nature of the retailing business make customers skeptical about the services. The increasing presence of counterfeiting automotive parts in the market is also anticipated to limit the growth of the automotive E-tailing market.
In addition, the growing vehicle parc and the used car market are expected to offer opportunities for players to operate. Furthermore, SMBs and increased spending on e-commerce platforms support overall market growth during the forecast period. The Asia-Pacific region is expected to hold a dominant share in the market over the forecast period; China is likely to stand as the largest market, followed closely by the United States, because of its advanced technological infrastructure, high internet penetration, and huge vehicle population.
