E-Commerce Automotive Aftermarket Market Size, Statistics 2028

The e-commerce automotive aftermarket market is expected to grow from US$ 57,301.1 million in 2022 to US$ 1,60,985.4 million by 2028. It is estimated to grow at a CAGR of 18.8% from 2022 to 2028.

North America has a developed automotive industry due to the continuous production of commercial vehicles. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA) 2021 report, the US produced 7,604,154 commercial vehicles in 2021, 6,895,604 in 2020, and 8,367,239 in 2019. Similarly, Canada produced 826,767 commercial vehicles in 2021, 1,048,942 in 2020, and 1,455,215 in 2019, as per the OICA 2021 report. Mexico produced a total of 2,437,411 commercial vehicles in 2021, 2,209,121 in 2020, and 2,604,080 in 2019, as per the same report. The US, Canada, and Mexico are leading in the commercial vehicle production segment worldwide, as per OICA statistics. Thus, the continuous production of commercial vehicles across the region supports the e-commerce automotive aftermarket market growth in North America.

Impact of COVID-19 Pandemic on E-commerce Automotive Aftermarket Market

In North America, the US, Canada, and Mexico witnessed a significant rise in the number of COVID-19 cases. Many manufacturing plants were shut down, municipalities were functioning at a decelerated pace, and the operations of the automotive & semiconductor industries were discontinued in 2020, after the onset of the COVID-19 pandemic. In the region, the interruption in the value chain caused by the shutdown of various production facilities and warehouses in the US and Canada due to the COVID-19 pandemic had an immediate impact on short-term demand, logistical infrastructure, and product inventories. However, the automotive industry continued to grow because of the unique services offered by online channels in terms of servicing, repair, and replacement. Before the onset of the COVID-19 pandemic, e-commerce was rapidly expanding. However, the pandemic increased the number of US consumers using online platforms, encouraging them to spend more money. These activities resulted in a large revenue share due to the penetration of a well-organized e-commerce ecosystem that allows automotive equipment makers to engage in e-commerce-specific aftermarket sales. In April 2021, sales of automobile components, parts, and accessories in the e-commerce automotive aftermarket market in the US and Canada increased by over 60% compared to 2020.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Get 10% FREE CUSTOMIZATION

E-Commerce Automotive Aftermarket Market: Strategic Insights

E-Commerce Automotive Aftermarket Market

• 
  CAGR (2022 - 2028)

  18.8%
• Market Size 2022
  US$ 57.3 Billion
• Market Size 2028
  US$ 160.99 Billion

Market Dynamics

GROWTH DRIVERS

• XXXXXXX
• XXXXXXX
• XXXXXXX

FUTURE TRENDS

• XXXXXXX
• XXXXXXX
• XXXXXXX

OPPORTUNITIES

• XXXXXXX
• XXXXXXX
• XXXXXXX

Key Players

• Alibaba Group Holding Limited
• Amazon com Inc
• AutoZone Inc
• Shopee365
• CATI S p A
• eBay Inc
• LKQ Corporation
• The Pep Boys
• CarParts com Inc

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Product Type

• Braking
• Steering & Suspension
• Hub Assemblies
• Universal Joints
• Gaskets
• Filters
• Spark Plug

Consumer Type

• B2B and B2C

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

E-commerce Automotive Aftermarket Market Insights

Rise in DIY and DIFM Consumers

Amazon and eBay have same-day shipping of automotive aftermarket in many locations. They have business relationships with a few major parts manufacturers, such as Robert Bosch GmbH, Denso Corp., Magna International Inc., Continental AG, and ZF Friedrichshafen AG offer installation services. Traditional auto parts suppliers know customers, who purchase automotive aftermarket components for DIY reasons, would be the first segment to transition to digital e-commerce websites rather than traditional auto parts suppliers. So maintaining a consistent business with commercial merchants and technicians is a unique strategy to stay competitive. The standard features of the latest autos include sensors to detect lane changes, 360° cameras, and technology that requires expert assistance.

In the do-it-for-me (DIFM) trend, consumers owning advanced cars are expected to depend on auto repair businesses and mechanics. For instance, Advance Auto Parts is using e-commerce to target these market groups uniquely by providing them with features in driver assistance technology. The e-commerce automotive aftermarket market must continue to exploit digital B2C (business-to-consumer), B2B (business-to-business) marketplaces, and the growing supply chains that support these marketplaces as competitors continue to pursue this lucrative e-commerce automotive aftermarket market. As a result, the increasing number of customers adopting the online purchase of automotive components in the e-commerce automotive sector is expected to create new opportunities in the e-commerce automotive aftermarket market.

Product Type-Based Market Insights

Based on product type, the e-commerce automotive aftermarket market is segmented into braking (brake pads, hydraulics and hardware, and rotor and drum), steering and suspension (ball joints, tie rods, sway bar links, bearings/seals, and others), and hub assemblies, universal joints, gaskets, filters, spark plug, and others. In 2021, the others segment led the e-commerce automotive aftermarket market, accounting for the largest share in the market.

Consumer Type-Based Market Insights

Based on consumer type, the e-commerce automotive aftermarket marketis segmented into B2B and B2C. In 2021, the B2C segment led the e-commerce automotive aftermarket market, accounting for a larger market share.

Market players adopt strategies, such as mergers, acquisitions, and market initiatives, to maintain their positions in the e-commerce automotive aftermarket market. A few developments by key players are listed below:

• In March 2022, DENSO Aftermarket, the aftermarket subsidiary of DENSO, prominent original equipment (OE) component manufacturer, won the coveted 2021 Supplier of the Year Award, awarded by GroupAuto International, a leading global buying organization.
• In September 2020, LKQ Corporation completed the previously announced deal to sell its holdings in two Czech wholesale automotive parts wholesalers to Swiss Automotive Group AG. The transaction's terms were not disclosed.

E-Commerce Automotive After Market Report Scope

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Company Profiles

Alibaba Group Holding Limited; Amazon.com, Inc.; AutoZone, Inc.; Shopee365; CATI S.p.A.; eBay Inc.; LKQ Corporation; The Pep Boys; CarParts.com, Inc; and Denso Corporation are key leading market players.