The automotive aftermarket is the concerned with the custom manufacturing, distribution, retailing, vehicle parts, chemicals, equipment, and accessories following the sale of the automobile to a consumer by the original equipment manufacturer (OEM). However, OEMs can fail to produce components and accessories for sale. E-commerce automotive aftermarket refers to an internet-based e-commerce platform where car components are offered to do-it-yourself customers and service professionals. The aftermarket includes all automotive spare parts, equipment, accessories, and services purchased through e-commerce platforms following regular vehicle usage. Customers’ broad usage of e-commerce services has fueled the global e-commerce automotive aftermarket growth. Furthermore, the rapidly increasing electric vehicle industry will likely create new possibilities for market participants in the coming years.
Amazon.com, Inc.; AutoZone, Inc.; Alibaba Group Holding Limited; LKQ Corporation; and CarParts.com, Inc – Prominent Market Participants in E-Commerce Automotive Aftermarket Market
The growing influence of digital transformation is transforming the global automobile sector. The automotive aftermarket is also changing from conventional legacy systems to digitalized systems powered by big data, predictive analytics, mobility, and IoT. E-commerce development is predicted to provide opportunities for all industry participants, including Original equipment manufacturer OEMs, Original Equipment Supplier OESs, workshops and garages, distributors, end customers, non-auto stakeholders, and mobility startups. The continued trend of people customizing and creating automobile interiors and exteriors based on their preferences adds to market development. Furthermore, the cheap availability of replacement parts and simple procedures such as changing oil, tires, and mirrors with little tool requirements are increasing the size of the DIY sales outlet business. Further, increased e-commerce platforms and collaboration between e-commerce platform providers and brick-and-mortar retailers are expected to boost the global e-commerce automotive aftermarket market over the forecast period.
Alibaba Group Holding Limited; Amazon.com, Inc.; AutoZone, Inc.; LKQ Corporation; and CarParts.com, Inc are the five key market players operating in the global e-commerce automotive aftermarket market. The e-commerce automotive aftermarket market is highly fragmented and competitive due to occurrence of huge number of small scale and medium scale manufacturers in both developed and developing economies. The top 5 market players are majorly focusing on various organic and inorganic growth strategies to survive in the e-commerce automotive aftermarket market. Such as, innovation of new technologies to offer enhanced product portfolios to the customers, merger and acquisitions, and expansion strategies.
Most of the market initiatives were observed in the Europe and North America regions, which have a high potential of e-commerce automotive aftermarket providers. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Region |
| 2022 | Amazon.com Inc and Stellantis NV announced a partnership to create vehicles and trucks with Amazon software in the dashboards and to deploy Stellantis electric vans on Amazon’s delivery network. The partnerships strengthen Amazon’s ambitions to get a stronger presence in the automobile business. | North America |
| 2022 | CATI has joined the GROUPAUTO ITALIA trade and purchasing organization. The GROUPAUTO project will include 32 CATI spa enterprises, increasing the organization’s already great coverage of the national region and ensuring the growth of the organization’s core activities. | Europe |
