Automotive E-Tailing Market Report 2024

The automotive e-tailing market size has grown rapidly in recent years. It will grow from $50.09 billion in 2023 to $56.79 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth observed in the historic period can be attributed to several factors, including the increasing penetration of the internet enabling wider access to online platforms, the expansion of e-commerce platforms offering automotive products, enhancements in logistics and delivery systems ensuring efficient distribution, the proliferation of secure and convenient digital payment methods facilitating transactions, and the growing adoption of digital payments among consumers. These factors collectively contributed to the growth of automotive e-tailing during the historic period.

The automotive e-tailing market size is expected to see rapid growth in the next few years. It will grow to $94.47 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. In the forecast period, growth in automotive e-tailing can be attributed to several factors, including the increasing prevalence of mobile commerce as more consumers shop via smartphones and tablets, rising adoption of electric vehicles (EVs) driving demand for EV parts and accessories, expansion of aftermarket services offering a wider range of automotive products online, growing awareness and demand for sustainable and eco-friendly automotive products, and the continued penetration of online shopping platforms in automotive retail. Major trends expected in this period include the adoption of advanced technologies such as augmented reality (AR) and virtual reality (VR) for enhanced online shopping experiences, further growth of mobile commerce platforms tailored for automotive products, increased demand for EV components and accessories as electric vehicles gain popularity, rising consumer preference for eco-friendly and sustainable automotive parts and accessories, and ongoing innovations in logistics and supply chain management to improve efficiency and delivery speed in automotive e-tailing.

The expanding reach of the internet is set to drive growth in the automotive e-tailing market moving forward. Internet penetration, which measures the proportion of the population using online connectivity for enhanced digital interactions, is on the rise due to factors such as affordability, societal connectivity, and economic opportunities, driving a surge in digital transformation. This accessibility enables automotive e-tailers to engage a global audience, facilitating price comparisons and informed purchasing decisions. Digital marketing strategies are utilized by e-tailers to attract customers, foster interaction, and cultivate brand loyalty. For instance, as of February 2024, the International Telecommunication Union (ITU) reported that approximately 5.4 billion people, equivalent to 67% of the global population, accessed the Internet in 2023, marking a 45% increase over the preceding two years. Hence, the increasing penetration of the internet is fueling the expansion of the automotive e-tailing market.

Key players in the automotive e-tailing sector are innovating with solutions such as digital lending platforms to address challenges associated with online vehicle sales and enhance the customer purchasing journey. These platforms enable automotive manufacturers, dealerships, aggregator platforms, and lenders to offer seamless digital retail experiences, making automotive financing accessible, paperless, and instant for all eligible applicants. For example, in February 2022, Kuwy Technology Service Pvt Ltd., an India-based automotive fintech platform specializing in automated lending, introduced KUWYLaaS, a comprehensive digital lending service. KUWYLaaS integrates the entire car finance process through its API suite, enabling functionalities such as digital credit application submission, real-time loan decision-making, lender selection, integrated counteroffer capabilities, and access to Kuwy's patented vehicle transfer platform. The solution is available across mobile and desktop platforms and integrates seamlessly with existing systems such as websites or internal loan origination systems via its API suite.

In June 2021, CDK Global, a US-based provider of automotive dealership technology, completed the acquisition of Roadster for $360 million. This acquisition enhances CDK Global's product offerings, enabling it to provide end-to-end automotive retail solutions to its dealership clients, thereby strengthening its position in the rapidly expanding online automotive retail market. Roadster, based in the US, is a digital retailing platform that offers online marketplace solutions tailored for automotive dealerships.

Major companies operating in the automotive e-tailing market are Amazon.com Inc., AutoZone Inc., O’Reilly Auto Parts, Advance Auto Parts, eBay Inc., CarParts.com Inc., JEGS High Performance, 1A Auto Parts, Edmunds.com Inc., Carwow Ltd., CARiD.com, Buy Auto Parts, FCP Euro, RockAuto LLC, Rallysport Direct, Spinny, PartsGeek, Autotrader Inc., Autohaus Arizona Inc., JC Whitney, Summit Racing Equipment.

Asia-Pacific was the largest region in the automotive e-tailing market in 2023. The regions covered in the automotive e-tailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the automotive e-tailing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automotive e-tailing refers to the online retailing of vehicle parts, accessories, and services through digital platforms, offering consumers a convenient way to browse, compare, and purchase a wide range of automotive products with greater variety and potentially lower costs compared to traditional retail outlets.

Key components of automotive e-tailing include electrical products essential for a vehicle's electrical system, such as batteries, alternators, starters, and wiring systems, ensuring optimal vehicle performance and functionality of electronic features. Other components encompass engine parts, infotainment systems, interior accessories, and tires, catering to different vehicle types including two-wheelers, passenger vehicles, and commercial vehicles. These products are offered by various vendors including original equipment manufacturers (OEMs) and third-party sellers, providing consumers with options ranging from branded items to alternatives.

The automotive e-tailing market research report is one of a series of new reports that provides automotive e-tailing market statistics, including the automotive e-tailing industry global market size, regional shares, competitors with automotive e-tailing market share, detailed automotive e-tailing market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive e-tailing industry. These automotive e-tailing market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive e-tailing market consists of revenues earned by entities by providing services such as vehicle leasing and financing, insurance services, and after-sales support. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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