USD 56.74 Bn growth expected in Automotive Aftermarket E-Retailing Market | North America to occupy 36% market share

NEW YORK, May 3, 2022 /PRNewswire/ — The global automotive aftermarket e-retailing market size is expected to increase by USD 56.74 billion between 2020 and 2025, expanding at a CAGR of 20% during the forecast period. The report identifies North America as the major market for automotive aftermarket e-retailing. Many consumers in the region prefer repairing their vehicles in small garages in their homes. In addition, automotive e-retailing is becoming the medium of purchase of auto parts.

Technavio has announced its latest market research report titled Automotive Aftermarket E-Retailing Market by Product, Customer Type, and Geography - Forecast and Analysis 2021-2025

Technavio has announced its latest market research report titled Automotive Aftermarket E-Retailing Market by Product, Customer Type, and Geography – Forecast and Analysis 2021-2025

Download Our Report Sample for highlights on market size, CAGR, YOY growth rates, growth contribution by other regions, and other important statistics.

The global aftermarket e-retailing market is fragmented due to the presence of several regional and international players. Vendors in the market are adopting several innovative growth strategies to remain competitive. Advance Auto Parts Inc., Alibaba Group Holding Ltd., Amazon.com Inc., AutoZone Inc., Buy Auto Parts, CarParts.com Inc., eBay Inc., Genuine Parts Co., Icahn Automotive Group LLC, and Parts Multiverse are identified as the dominant players in the market. Although the increasing vehicle lifespan leading to vehicle parts growth will offer immense growth opportunities, high price sensitivity will challenge the growth of market participants. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Get Our Report Sample Now for more highlights on the vendor landscape.

Automotive Aftermarket E-Retailing Market 2021-2025: Segmentation Analysis

By product, wheels and tires accounted for maximum sales in the market in 2021. The increasing aging vehicle population in developed mature automobile markets, such as Japan, the US, and Western Europe is driving the demand for aftermarket wheels and tires. In addition, bad road conditions, especially in emerging markets is increasing the replacement cycles for tires, thereby contributing to the growth of the segment. Similarly, by customer type, the DIY customers segment will account for the largest share of the market.

North America is an important region for the global automotive market in terms of revenue as well as new technology development and new vehicle adoption. The high sales of passenger cars and commercial vehicles is one of the key factors driving the growth of the regional market. Besides, the high quality of modern vehicles and the strong presence of repair and maintenance services have increased the average lifespan of vehicles in the region, which is further driving the growth of the automotive aftermarket e-retailing market in North America.

Discover other key revenue generating segments and regions in the global automotive aftermarket e-retailing market. Request a Sample Report

Automotive Aftermarket E-retailing Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist automotive aftermarket e-retailing market growth during the next five years

  • Estimation of the automotive aftermarket e-retailing market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the automotive aftermarket e-retailing market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of automotive aftermarket e-retailing market vendors

Related Reports:

Automotive Aftermarket Telematics Market by Application and Geography – Forecast and Analysis 2022-2026

Automotive ADAS Aftermarket by Technology and Geography – Forecast and Analysis 2022-2026

Automotive Aftermarket E-retailing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 20%

Market growth 2021-2025

USD 56.74 billion

Market structure

Fragmented

YoY growth (%)

19.50

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 36%

Key consumer countries

US, Germany, France, China, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advance Auto Parts Inc., Alibaba Group Holding Ltd., Amazon.com Inc., AutoZone Inc., Buy Auto Parts, CarParts.com Inc., eBay Inc., Genuine Parts Co., Icahn Automotive Group LLC, and Parts Multiverse

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Segmentation by Product

  • Market segments

  • Comparison by Product

  • Wheels and tires – Market size and forecast 2021-2025

  • Brakes and brake pads – Market size and forecast 2021-2025

  • Others – Market size and forecast 2021-2025

  • Market opportunity by Product

Segmentation by customer type

  • DIY customers

  • Professional customers

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2021-2025

  • Europe – Market size and forecast 2021-2025

  • APAC – Market size and forecast 2021-2025

  • South America – Market size and forecast 2021-2025

  • MEA – Market size and forecast 2021-2025

  • Key leading countries

  • Market opportunity by geography

  • Volume driver – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Advance Auto Parts Inc.

  • Alibaba Group Holding Ltd.

  • Amazon.com Inc.

  • AutoZone Inc.

  • BuyAutoParts.com

  • CarParts.com Inc.

  • eBay Inc.

  • Genuine Parts Co.

  • Icahn Automotive Group LLC

  • Parts Multiverse

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/usd-56-74-bn-growth-expected-in-automotive-aftermarket-e-retailing-market–north-america-to-occupy-36-market-share–technavio-301537326.html

SOURCE Technavio