Global Automotive E-Tailing Market Outlook, 2029

The Global Automotive E-Tailing market is anticipated to exceed USD 75 Billion by 2029, driven by the rise of online automotive retailing.

The global automotive e-tailing market refers to the online retailing of automotive parts, accessories, and components. This market has witnessed significant growth driven by several factors. Firstly, the increasing penetration of the internet and smartphones has made it convenient for consumers to shop for automotive products online. Secondly, the rise of e-commerce platforms specializing in automotive parts has expanded product availability and accessibility globally. Thirdly, the trend towards DIY (Do-It-Yourself) maintenance and repair among vehicle owners has spurred the demand for automotive parts through online channels, allowing consumers to find specific parts easily and often at competitive prices. Moreover, advancements in logistics and delivery services have improved the efficiency of e-tailers in fulfilling orders and reaching customers worldwide. Additionally, the COVID-19 pandemic has further accelerated the shift towards online shopping, as consumers sought safer and more convenient ways to purchase automotive products without visiting physical stores. According to the research report, “Global Automotive E-Tailing Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 75 Billion by 2029.The global automotive e-tailing market is poised for substantial growth, driven by factors such as increasing internet penetration, rising vehicle ownership, and technological advancements. The market is witnessing a shift towards online channels for purchasing automotive parts, accessories, and services. The market offers a wide range of opportunities for e-tailers and industry participants. Key growth areas include expanding product offerings, enhancing the customer experience through personalized recommendations, and leveraging emerging technologies like AR and VR to provide immersive shopping experiences. The market prospects vary across regions. North America and Europe have witnessed significant adoption of automotive e-tailing, primarily driven by well-established e-commerce platforms, robust logistics networks, and tech-savvy consumers. The Asia Pacific region, particularly China and India, presents immense growth potential due to the increasing vehicle ownership rates, expanding middle class, and the rapid growth of e-commerce.

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Market Trends Growing Online Consumer Base: The proliferation of internet access and smartphones has led to a significant increase in the online consumer base. Consumers are increasingly turning to online platforms to purchase automotive parts and accessories conveniently, driving the growth of automotive e-tailing. • Shift towards Do-It-Yourself (DIY) Automotive Repairs : There is a rising trend of DIY automotive repairs among consumers. E-commerce platforms provide easy access to a wide range of automotive parts and tools, empowering consumers to undertake repairs and maintenance themselves, thereby boosting the demand for automotive e-tailing. Market Drivers Convenience and Time Savings: Automotive e-tailing offers convenience and time savings compared to traditional brick-and-mortar stores. Online platforms provide easy access to a wide range of products, detailed product information, price comparisons, and doorstep delivery, enhancing the overall customer experience. • Technological Advancements: Advancements in technology, such as mobile apps, augmented reality (AR), and virtual reality (VR), are transforming the automotive e-tailing market. These technologies enable customers to visualize products, personalize their purchases, and make informed decisions, driving market growth.

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Manmayi Raval

Manmayi Raval

Research Consultant

Market Restraints Consumer Reluctance and Trust: Some consumers may be hesitant to purchase automotive parts and accessories online due to concerns about product quality, compatibility, and trustworthiness of e-tailers. Building consumer trust through transparent product information, customer reviews, and reliable customer service is crucial to overcome this restraint. • Complex Product Fitment and Compatibility: Automotive parts and accessories require precise fitment and compatibility with specific vehicle makes and models. Ensuring accurate product fitment information and providing compatibility tools on e-commerce platforms can help address this challenge. Based on the report, the Vehicle Type segment segmented into Passenger Cars, Commercial Vehicles and Two wheelers. Passenger Cars segment is leading in the Global Automotive E Tailing market due to increasing consumer preference for convenience, variety, and competitive pricing offered by online platforms.

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Manmayi Raval

The passenger cars sub-segment is experiencing growth in the automotive e-tailing market due to several key factors. Firstly, passenger cars are among the most commonly owned vehicles globally, contributing to a large consumer base. Consumers are increasingly turning to online platforms to purchase automotive parts, accessories, and even entire vehicles due to the convenience, variety of options, and competitive pricing offered by e-commerce websites. Moreover, passenger car owners often seek customization options, replacement parts, and accessories to personalize their vehicles, which are readily available through online retailers. The ease of comparing prices, reading reviews, and accessing detailed product information online also enhances the appeal of e-tailing for passenger car owners. Furthermore, the proliferation of digital marketing strategies, targeted promotions, and loyalty programs by e-commerce platforms and automotive manufacturers have contributed to the growth of the passenger cars sub-segment in e-tailing. These factors collectively drive the expansion of the automotive e-tailing market specifically within the passenger cars segment. Based on the report, the Component segment is segmented into Infotainment, interior accessories, engine components, tires and electrical products. Engine Components segment is growing in the Global Automotive E Tailing market due to performance & maintenance of vehicles, advancements in e- commerce platforms The engine components sub-segment in the Automotive e-tailing market is experiencing growth primarily due to several key factors. Firstly, engine components are critical to the performance and maintenance of vehicles, making them essential purchases for both individual consumers and businesses involved in vehicle maintenance and repair. Secondly, advancements in e-commerce platforms have made it easier for consumers to access a wide range of engine components online, ranging from filters and belts to more complex parts like fuel injectors and pumps. Thirdly, the increasing trend towards DIY (Do-It-Yourself) repairs and maintenance among automotive enthusiasts and cost-conscious consumers has boosted the demand for engine components through online channels. Finally, competitive pricing, extensive product availability, and convenient delivery options offered by e-tailers further drive the growth of engine components in the automotive e-tailing market segment. North America is leading the Global Automotive E Tailing market due to its mature digital infrastructure, high internet penetration, and robust e-commerce ecosystem. Conversely, APAC is the fastest-growing region because of the expanding internet access, increasing smartphone adoption, and a burgeoning middle class driving online automotive purchases. North America leads the automotive e-tailing market primarily due to its mature digital infrastructure, high internet penetration, and established e-commerce ecosystem. Consumers in North America are accustomed to online shopping for a wide range of products, including automotive parts and accessories. The region's robust logistics network and well-established supply chain management further facilitate efficient delivery and customer service, which are crucial for the automotive e-tailing sector. On the other hand, the Asia-Pacific (APAC) region is the fastest-growing market for Automotive e-tailing due to several factors. APAC countries, particularly China and India, are witnessing rapid urbanization, rising disposable incomes, and an increasing preference for convenience in shopping. The proliferation of smartphones and internet connectivity has accelerated online retail growth in APAC, including the automotive sector. Moreover, the diverse consumer base in APAC seeks competitive pricing, a wide variety of product offerings, and the convenience of doorstep delivery, all of which are well-supported by the expanding e-commerce platforms in the region. In essence, while North America leverages its technological infrastructure and mature market conditions, APAC benefits from rapid digital adoption and a burgeoning consumer base, making it the fastest-growing region in the Automotive e-tailing market. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Automotive E Tailing Market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Vehicle Type • Passenger Cars • Commercial Vehicles • Two-Wheeler The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Automotive E Tailing industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

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Global Automotive E-Tailing Market Outlook, 2029

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