Automotive E-Commerce Market by vehicle type, channel, and geography
NEW YORK, July 25, 2023 /PRNewswire/ — The automotive e-commerce market size is estimated to increase by USD 82,409.66 million from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 16.08% during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report –Request a sample report
Automotive E-commerce Market – Vendor Analysis
Vendor Landscape – The global automotive e-commerce market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer automotive e-commerce in the market are Advance Auto Parts Inc., Alibaba Group Holding Ltd., Amazon.com Inc., Arch Auto Parts, AutoAnything Inc., AutoZone Inc., CARiD.com, CarParts.com Inc., CATI S.p.A., Delticom AG, eBay Inc., Genuine Parts Co., Icahn Automotive Group LLC, LKQ Corp., O Reilly Automotive Inc., Robert Bosch GmbH, RockAuto LLC, The Reinalt Thomas Corp., Walmart Inc., and Flipkart Internet Pvt. Ltd. and others.
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Vendor Offerings –
- Advance Auto Parts Inc: The company offers various automotive e-commerce such as auto parts, brakes, and other accessories.
- Alibaba Group Holding Ltd: The company offers auto parts such as automobile brakes, split, and used automobiles as well.
- Amazon.com Inc: The company offers various automotive e-commerce such as the Hyundai logo, shopping metal keys, and other car logo keys.
- For details on the vendor and its offerings – Request a sample report
Automotive E-Commerce Market – Segmentation Assessment
Segment Overview
This automotive e-commerce market report extensively covers market segmentation by vehicle type (passenger car, 2-wheeler, and commercial vehicle), channel (aftermarket and OEM), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
- The market share growth by the passenger car segment is significant during the forecast period. The passenger car segment has the most market share in the global automotive e-commerce market. Several manufacturers and retailers in the automotive industry are selling their products online due to the rising internet penetration which is positively impacting the market growth. The online platform facilitates the purchase of passenger cars from a wide collection of brands and models in several countries that can range from entry-level to high-end luxury vehicles. Hence, such factors are expected to drive the automotive e-commerce market growth during the forecast period.
Geography Overview
By geography, the global automotive e-commerce market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive e-commerce market.
- North America is estimated to account for 38% of the growth of the global market during the forecast period. One of the main reasons for the significant growth of the global automotive e-commerce market in North America is the advancement of new technology and the increasing adoption of new vehicles among consumers. Furthermore, the strong presence in the passenger car and commercial vehicle segments in the region is significantly contributing to the market growth. Hence, such factors are expected to drive the global automotive e-commerce market growth in North America during the forecast period.
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Automotive E-Commerce Market – Market Dynamics
Leading Drivers –
The increasing penetration of smartphones and the internet drives the automotive e-commerce market growth during the forecast period. The increase in internet and smartphone penetration has led to an increase in accessibility to e-commerce platforms which facilitates the purchase of goods, such as cars and automotive components, online. The purchasing behavior through online platforms is especially high in developing economies due to the rapid increase in Internet penetration and mobile phone usage in these regions. Furthermore, there is an increasing focus by OEMs on expanding their online presence and spending money on digital marketing and e-commerce platforms. As a result, e-commerce websites that are optimized for smartphone viewing with different payment options are positively impacting the market growth. Hence, such factors are expected to drive the automotive e-commerce market growth during the forecast period.
Key Trends –
The presence of multiple payment options is an emerging trend in the automotive e-commerce market. The development of e-commerce platforms has been supported by multiple payment technology solutions. The payment method options facilitate easier purchases for customers in a secure way. As there is an increase in the volume of e-commerce purchases, it is important for retailers of automotive parts to collaborate and adopt advanced technology to ensure smooth transactions of different modes of payment such as credit card or debit card payments. As a result, it will fuel the business at the trader’s end as well as enhance the customer experience on the buyer’s end. Hence, such factors are expected to drive the automotive e-commerce market growth during the forecast period.
Major challenges –
The widespread availability of counterfeit automotive parts is a significant challenge hindering the automotive e-commerce market during the forecast period. Several vendors in the market are selling low-cost copies of authentic/original automotive components and accessories. But these parts are of poor quality and the chances of failure of such components are high. Hence, such factors hamper the reputation of original vendors operating in the global automotive e-commerce market, which, in turn, has a negative impact on their e-commerce sales. Another significant issue with an e-commerce platform is that customers highly depend on the image of the product while purchasing the product, but the delivered product might not match the electronic representation or description mentioned in the platform. Therefore, such factors are expected to hinder the automotive e-commerce market during the forecast period.
What are the key data covered in this Automotive E-Commerce Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the automotive e-commerce market between 2023 and 2027
- Precise estimation of the size of the automotive e-commerce market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the automotive e-commerce market across North America, APAC, Europe, South America, and the Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of automotive e-commerce market vendors
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Automotive E-Commerce Market Scope |
|
Report Coverage |
Details |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.08% |
Market growth 2023-2027 |
USD 82,409.66 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
15.68 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 38% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advance Auto Parts Inc., Alibaba Group Holding Ltd., Amazon.com Inc., Arch Auto Parts, AutoAnything Inc., AutoZone Inc., CARiD.com, CarParts.com Inc., CATI S.p.A., Delticom AG, eBay Inc., Genuine Parts Co., Icahn Automotive Group LLC, LKQ Corp., O Reilly Automotive Inc., Robert Bosch GmbH, RockAuto LLC, The Reinalt Thomas Corp., Walmart Inc., and Flipkart Internet Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis 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
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Channel
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global automotive e-commerce market 2017 – 2021
- Exhibit 18: Historic Market Size – Data Table on global automotive e-commerce market 2017 – 2021 ($ million)
- 4.2 Vehicle Type Segment Analysis 2017 – 2021
- Exhibit 19: Historic Market Size – Vehicle Type Segment 2017 – 2021 ($ million)
- 4.3 Channel Segment Analysis 2017 – 2021
- Exhibit 20: Historic Market Size – Channel Segment 2017 – 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 – 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
- 4.5 Country Segment Analysis 2017 – 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Vehicle Type
- 6.1 Market segments
- Exhibit 30: Chart on Vehicle Type – Market share 2022-2027 (%)
- Exhibit 31: Data Table on Vehicle Type – Market share 2022-2027 (%)
- 6.2 Comparison by Vehicle Type
- Exhibit 32: Chart on Comparison by Vehicle Type
- Exhibit 33: Data Table on Comparison by Vehicle Type
- 6.3 Passenger car – Market size and forecast 2022-2027
- Exhibit 34: Chart on Passenger car – Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Passenger car – Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Passenger car – Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Passenger car – Year-over-year growth 2022-2027 (%)
- 6.4 2-wheeler – Market size and forecast 2022-2027
- Exhibit 38: Chart on 2-wheeler – Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on 2-wheeler – Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on 2-wheeler – Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on 2-wheeler – Year-over-year growth 2022-2027 (%)
- 6.5 Commercial vehicle – Market size and forecast 2022-2027
- Exhibit 42: Chart on Commercial vehicle – Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Commercial vehicle – Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Commercial vehicle – Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Commercial vehicle – Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by Vehicle Type
- Exhibit 46: Market opportunity by Vehicle Type ($ million)
- Exhibit 47: Data Table on Market opportunity by Vehicle Type ($ million)
7 Market Segmentation by Channel
- 7.1 Market segments
- Exhibit 48: Chart on Channel – Market share 2022-2027 (%)
- Exhibit 49: Data Table on Channel – Market share 2022-2027 (%)
- 7.2 Comparison by Channel
- Exhibit 50: Chart on Comparison by Channel
- Exhibit 51: Data Table on Comparison by Channel
- 7.3 Aftermarket – Market size and forecast 2022-2027
- Exhibit 52: Chart on Aftermarket – Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Aftermarket – Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Aftermarket – Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Aftermarket – Year-over-year growth 2022-2027 (%)
- 7.4 OEM – Market size and forecast 2022-2027
- Exhibit 56: Chart on OEM – Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on OEM – Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on OEM – Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on OEM – Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Channel
- Exhibit 60: Market opportunity by Channel ($ million)
- Exhibit 61: Data Table on Market opportunity by Channel ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2022-2027 (%)
- Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison
- 9.3 North America – Market size and forecast 2022-2027
- Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)
- 9.4 APAC – Market size and forecast 2022-2027
- Exhibit 71: Chart on APAC – Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on APAC – Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on APAC – Year-over-year growth 2022-2027 (%)
- 9.5 Europe – Market size and forecast 2022-2027
- Exhibit 75: Chart on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Europe – Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Europe – Year-over-year growth 2022-2027 (%)
- 9.6 South America – Market size and forecast 2022-2027
- Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa – Market size and forecast 2022-2027
- Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- 9.8 US – Market size and forecast 2022-2027
- Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)
- 9.9 China – Market size and forecast 2022-2027
- Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)
- 9.10 Germany – Market size and forecast 2022-2027
- Exhibit 95: Chart on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Germany – Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Germany – Year-over-year growth 2022-2027 (%)
- 9.11 Japan – Market size and forecast 2022-2027
- Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)
- 9.12 Canada – Market size and forecast 2022-2027
- Exhibit 103: Chart on Canada – Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Canada – Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Canada – Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 112: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 113: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 12.3 Advance Auto Parts Inc.
- Exhibit 115: Advance Auto Parts Inc. – Overview
- Exhibit 116: Advance Auto Parts Inc. – Product / Service
- Exhibit 117: Advance Auto Parts Inc. – Key offerings
- 12.4 Alibaba Group Holding Ltd.
- Exhibit 118: Alibaba Group Holding Ltd. – Overview
- Exhibit 119: Alibaba Group Holding Ltd. – Business segments
- Exhibit 120: Alibaba Group Holding Ltd. – Key offerings
- Exhibit 121: Alibaba Group Holding Ltd. – Segment focus
- 12.5 Amazon.com Inc.
- Exhibit 122: Amazon.com Inc. – Overview
- Exhibit 123: Amazon.com Inc. – Business segments
- Exhibit 124: Amazon.com Inc. – Key news
- Exhibit 125: Amazon.com Inc. – Key offerings
- Exhibit 126: Amazon.com Inc. – Segment focus
- 12.6 Arch Auto Parts
- Exhibit 127: Arch Auto Parts – Overview
- Exhibit 128: Arch Auto Parts – Product / Service
- Exhibit 129: Arch Auto Parts – Key offerings
- 12.7 AutoAnything Inc.
- Exhibit 130: AutoAnything Inc. – Overview
- Exhibit 131: AutoAnything Inc. – Product / Service
- Exhibit 132: AutoAnything Inc. – Key offerings
- 12.8 AutoZone Inc.
- Exhibit 133: AutoZone Inc. – Overview
- Exhibit 134: AutoZone Inc. – Product / Service
- Exhibit 135: AutoZone Inc. – Key offerings
- 12.9 CARiD.com
- Exhibit 136: CARiD.com – Overview
- Exhibit 137: CARiD.com – Product / Service
- Exhibit 138: CARiD.com – Key offerings
- 12.10 CarParts.com Inc.
- Exhibit 139: CarParts.com Inc. – Overview
- Exhibit 140: CarParts.com Inc. – Product / Service
- Exhibit 141: CarParts.com Inc. – Key offerings
- 12.11 eBay Inc.
- Exhibit 142: eBay Inc. – Overview
- Exhibit 143: eBay Inc. – Product / Service
- Exhibit 144: eBay Inc. – Key news
- Exhibit 145: eBay Inc. – Key offerings
- 12.12 Flipkart Internet Pvt. Ltd.
- Exhibit 146: Flipkart Internet Pvt. Ltd. – Overview
- Exhibit 147: Flipkart Internet Pvt. Ltd. – Product / Service
- Exhibit 148: Flipkart Internet Pvt. Ltd. – Key offerings
- 12.13 Genuine Parts Co.
- Exhibit 149: Genuine Parts Co. – Overview
- Exhibit 150: Genuine Parts Co. – Business segments
- Exhibit 151: Genuine Parts Co. – Key offerings
- Exhibit 152: Genuine Parts Co. – Segment focus
- 12.14 Icahn Automotive Group LLC
- Exhibit 153: Icahn Automotive Group LLC – Overview
- Exhibit 154: Icahn Automotive Group LLC – Product / Service
- Exhibit 155: Icahn Automotive Group LLC – Key offerings
- 12.15 O Reilly Automotive Inc.
- Exhibit 156: O Reilly Automotive Inc. – Overview
- Exhibit 157: O Reilly Automotive Inc. – Product / Service
- Exhibit 158: O Reilly Automotive Inc. – Key offerings
- 12.16 RockAuto LLC
- Exhibit 159: RockAuto LLC – Overview
- Exhibit 160: RockAuto LLC – Product / Service
- Exhibit 161: RockAuto LLC – Key offerings
- 12.17 The Reinalt Thomas Corp.
- Exhibit 162: The Reinalt Thomas Corp. – Overview
- Exhibit 163: The Reinalt Thomas Corp. – Product / Service
- Exhibit 164: The Reinalt Thomas Corp. – Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 165: Inclusions checklist
- Exhibit 166: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 167: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 168: Research methodology
- Exhibit 169: Validation techniques employed for market sizing
- Exhibit 170: Information sources
- 13.5 List of abbreviations
- Exhibit 171: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.
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Originally published at https://www.prnewswire.com/news-releases/automotive-e-commerce-market-by-vehicle-type-channel-and-geography-301884114.html
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