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Allied Market Research

Automotive E-Commerce Market by Components (Informational and Multimedia, Engine, Tires and Wheels, Interior Accessories and Electrical Product), Vehicle (Passenger and Commercial) and Consumer (B2B and B2C): Global Opportunity Analysis and Industry Forecast, 2021–2027

A08491
Pages: NA
Feb 2021 | 140 Views
 
Author(s) : NA
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Automotive E-Commerce Market Outlook - 2027

The automotive e-commerce market consists of selling automotive parts, accessories, and service online for everything from sport bikes to trucks for B2C and B2B buyers. Brands are launching their stores across the globe on online platforms while updating their online storefront channels and launching multi-channel initiatives to increase their market share. These companies can attract more customers as there are demos, reviews, and information aligned for the product to help customers understand the product more briefly. Therefore, increase in use of e-commerce across the globe is expected to boost the automotive e-commerce market over the forecast period.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Components, Vehicle, and Consumer

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

CruiseMaster., JeepPeople., Indianapolis Motor Speedway., Awesome GTI., Enjuku Racing Parts., Brock’s Performance., BB Wheels., Boogie Lights., RTW Wheels., and Metal Tech 4×4


COVID-19 scenario analysis:

  • The onset of the pandemic and the lockdown have disrupted the progression of online purchasing off-balance due to restrictions on eligible items to essentials along with the limitations placed on physical movement, thereby directly impacting deliveries.
  • Only essentials and especially medical supplies are being made available. In addition, people are not inclined to spend money beyond their necessities. This offers challenges as well as opportunities.
  • Due to the global COVID-19 pandemic, the e-commerce business is facing new challenges in customer behavior, supply chain issues, and economic outlook.
  • The pandemic has created a shift in the way consumers behave and carry out their activities, thereby directly affecting the e-commerce industry. 
  • Limiting shopping for all but essentials is becoming a new normal. Brands have to adapt and be flexible to meet the changing needs.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Massive growth of vehicle fleet, growth of the global e-commerce industry, and digitization of channels & interfaces are expected to spur the demand for automotive e-commerce market over the forecast period. Moreover, high labor costs and aggressive pricing create a lot of challenges for the growth of the market. Furthermore, providers offer repair manuals and repair webinars for customers for proper installation of automotive parts, which are expected to provide lucrative opportunities for the market over the forecast period.

The automotive e-commerce market trends are as follows:

Growth of the global e-commerce industry 

Rapid urbanization and consequent rise in disposable incomes in developing countries have contributed to increased mobile application adoption, which has offered lucrative opportunities for the e-sector market as the number of trade events has increased. Companies have come up with innovations, such as apps that are easy to use, and advancements in policies to attract many customers. Such innovations created a need for efficient distribution systems in inventory management, which is expected to boost the growth of the automotive e-commerce market.

Massive growth of vehicle fleet 

The competitive level has been massively transformed over the past decade with many national and international players competing. Customers have more options to choose, which have increased their buying power and forced companies to come up with new technological advancements to attain a dominant position in the market. Innovations made by the companies have also focused on the security and luxury of vehicles as well as of the services provided to their customers, which are expected to further fuel the automotive e-commerce market.

Key segments covered:               

Segments

Sub-segments

  Components

  • Informational and Multimedia
  • Engine
  • Tires and Wheels
  • Interior Accessories
  • Electrical Product

  Vehicle

  • Passenger
  • Commercial

  Consumer

  • B2B
  • B2C

 

Key benefits of the report:

  • This study presents the analytical depiction of the automotive e-commerce market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the automotive e-commerce market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the automotive e-commerce market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions answered in the automotive e-commerce market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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