E-Commerce Automotive Aftermarket Share, Opportunities and Future Scope Till 2028

E-Commerce Automotive Aftermarket Industry Overview

The global e-commerce automotive aftermarket size is anticipated to reach USD 143.9 billion by 2028, exhibiting a CAGR of 14.6% over the forecast period, according to a new report by Grand View Research, Inc. The growth can be attributed to the rising availability of automotive replacement equipment on online platforms, thereby enabling customers to access more affordable buying options. Improved supply chain activity with technology deployments such as the Internet of Things (IoT) and automation has boosted the growth of e-commerce platforms in the automotive sector. Further, rising awareness of automotive OEMs to establish an omnichannel presence promotes them to deploy e-commerce practices, thereby offering growth opportunities for the e-commerce aftermarket parts.

E-Commerce Automotive Aftermarket Segmentation

Grand View Research has segmented the global e-commerce automotive aftermarket based on replacement parts, end use, and region:

Based on the Replacement Parts Insights, the market is segmented into Engine Parts, Transmission and Steering, Braking Systems, Lighting, Electrical Parts, Suspension Systems, Wipers, Others.

• The transmission and steering segment captured the highest revenue share of 22.7% in 2020. This can be attributed to the upsurge of motor vehicles and the subsequent requirement to replace broken down and old parts. There has also been an increase in the average age of vehicles, subsequently facilitating the need to maintain and upgrade to new replacement parts.
• The market by transmission and steering replacement parts has been segmented into clutch assembly systems, gearbox, axles, wheels, and tires. The tires segment captured the highest revenue share and is expected to maintain its dominance over the forecast period. This can be accredited to the need for high-quality, fully treaded tires in all automotive vehicles to ensure safety and easy motility. Electrical parts captured significant revenue share in 2020 and are expected to capture a growth rate of 14.1%.

Based on the End-use Insights, the market is segmented into Business to Business and Business to Customer.

• The business-to-consumer segment captured the highest revenue share of 65.3% in 2020. This can be attributed to several factors such as easy access to buying options, convenience, and better prices. Furthermore, increasing economies and rising disposable income have further promoted people’s engagement in e-commerce automotive replacement parts buying activities.
• The business-to-business segment captured significant revenue share in 2020 and is expected to witness a substantial growth rate over the forecast period. Business firms that engage in the revamping and customization of automotive designing and interior upgrades are significant contributors to market growth.

E-Commerce Automotive Aftermarket Regional Outlook

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Companies Profile & Market Share Insights

Significant companies in the automotive aftermarket sector have started diversifying their service offerings and inculcating e-commerce sales channels to improve revenue generation practices. Auto parts sellers have started increasing investments in B2B interface, merchandising, and e-commerce functionality to improve and enhance their service offerings.   

Some of the prominent players operating in the global e-commerce automotive aftermarket include,

• Advance Auto Parts, Inc.
• Alibaba Group Holding Limited
• com
• com, Inc.
• AutoZone Inc.
• CARiD
• E-bay Inc.
• Flipkart Private Limited
• NAPA Auto Parts
• O’Reilly Auto Parts
• RockAuto, LLC
• S. Auto Parts Network, Inc.

Order a free sample PDF of the E-Commerce Automotive Aftermarket Intelligence Study, published by Grand View Research.