Dec 1, 2020   SOURCE: PR NewsWire

Rising Number of Do-It-Yourself Customers Fuels Expansion of E-Commerce Automotive Aftermarket Market: TMR

ALBANY, N.Y., Dec. 1, 2020 /PRNewswire/ -- E-commerce automotive aftermarket is an e-tailing platform that offers various auto parts to service professionals as well as do-it-yourself customers. This platform uses Internet to carry out sales activities. Using aftermarket, an individual can purchase a wide range of automotive spare parts, accessories, equipment, and services associated with automobiles.

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The E-commerce automotive aftermarket market is foreseen to gain noteworthy expansion opportunities during the assessment period of 2018 to 2027. This expansion is attributed to many factors including outstanding growth in ecommerce platforms and partnership among brick & mortar stores and E-commerce platform providers.

Analysts at TMR highlight that the global E-commerce automotive aftermarket market will grow at a CAGR of over 15% and account for more than US$ 144 Mn by the end of forecast period of 2018-2027.

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Key Findings of E-Commerce Automotive Aftermarket Market Report

    --  The global E-commerce automotive aftermarket market is projected to gain
        the valuation of over US$ 144 Mn by the end of 2027.
    --  This denotes that the market is likely to expand at a CAGR of over 15%
        during 2018-2027.
    --  In terms of channel, the third party standalone e-tailer segment held
        approximately 50% of overall E-commerce automotive aftermarket market
        share during 2018.
    --  The above-mentioned segment is likely to continue its dominance in the
        assessment period of 2018 to 2027.
    --  On regional front, Asia Pacific E-commerce automotive aftermarket market
        is foreseen to become dominant region by the end of 2027.

Explore 174 pages of top-notch research, incisive insights, and detailed country-level projections on E-Commerce Automotive Aftermarket Market (Product Type - Braking (Brake Pads, Hydraulics and Hardware, and Rotor and Drum), Steering and Suspension (Ball Joints, Tie Rods, Sway Bar Links, Bushings, Bearings/Seals, and Coil Springs) Hub Assemblies (Wheel End), Universal Joints (Drive Line), Gaskets, Wipers, Filters (Air, Oil, and Cabin Air), Lighting, and Spark Plugs; By Channel - Marketplace, 3rd Party Stand Alone E-tailer, Direct to Customer) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2027 at https://www.transparencymarketresearch.com/e-commerce-automotive-aftermarket-market.html

E-Commerce Automotive Aftermarket Market: Key Driving Factors and Promising Avenues

    --  Extensive growth in number of "Do It Yourself" DIY customers is
        estimated to promote the online purchase of auto parts in the
        forthcoming years. This scenario is expected to result in upward graph
        of sales in the E-commerce automotive aftermarket market.
    --  In recent period, major customer base across the world is inclined
        toward purchasing auto parts though E-commerce platforms. Key factors
        behind this shift in consumer behavior the ability of these platforms to
        offer convenience and flexibility while buying products online.
    --  Online platforms offer deep research as well as comparisons on various
        important aspects of products including features, prices, special
        offers, and delivery speed. Owing to all these important elements or
        differentiators, DIFM and DIY customers across the world are able to
        compare products from numerous online sources as opposed to brick &
        mortar stores. Thus, due to all these features of online shopping, the
        e-commerce automotive aftermarket market is likely to show promising
        expansion rate in the forthcoming period.

Analyze global automotive heat shield market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

E-Commerce Automotive Aftermarket Market: Competitive Assessment

    --  Major players working in the global e-commerce automotive aftermarket
        market are utilizing various strategic moves including mergers,
        acquisitions, partnerships, and collaborations. These moves are helping
        them to expand their services to major customer base in all worldwide
        locations.
    --  Several players in the global e-commerce automotive aftermarket market
        are growing focus on online research. This tactic is helping enterprises
        to gain knowledge on present customer needs and customize their services
        according to them. Owing to all these factors, the global market for
        E-commerce automotive aftermarket is estimated to expand at decent pace
        in the assessment period of 2018 to 2027.
    --  The list of important companies working in the E-commerce automotive
        aftermarket market includes Alibaba Group, Advance Auto Parts, AutoZone
        Inc., Amazon Inc., DENSO Corporation, EBay Inc., National Automotive
        Parts Association, and Pep Boys.

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The E-commerce automotive aftermarket market can be segmented as follows:

Product Type

    --  Braking
        --  Brake pads
        --  Hydraulics & Hardware
        --  Rotor & Drum
    --  Steering and Suspension
        --  Control Arms
        --  Ball Joints
        --  Tie rods
        --  Sway Bar Links
        --  Bushings
        --  Bearings/Seals
        --  Coil springs
    --  Hub Assemblies (wheel end)
    --  Universal Joints (drive line)
    --  Gaskets
    --  Wipers
    --  Filters (air, oil and cabin air)
    --  Lighting
    --  Spark Plugs

By Channel

    --  Marketplace
    --  3rd Party Stand Alone e-tailer
    --  Direct to Customer

Geography

    --  North America
        --  The U.S.
        --  Canada
        --  Rest of North America
    --  EMEA
        --  The U.K.
        --  Germany
        --  France
        --  Spain
        --  Italy
        --  Russia
        --  Poland
        --  Nordic
        --  Benelux.
        --  Rest of Europe and Middle East and Africa
    --  Asia Pacific (APAC)
        --  China
        --  India
        --  Rest of Asia Pacific
    --  South America
        --  Brazil
        --  Rest of South America

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