Jul 19, 2021 (Heraldkeepers) -- Automotive E-Commerce Market Overview
Automotive e-commerce market is expected to expand at ~6% CAGR during the forecast period.
The Automotive E-Commerce Market is anticipated to grow rapidly at a high CAGR during the forecast period. The global automotive e-commerce market is driven by an aging vehicle fleet and growth of the global e-commerce industry. These factors have helped shape the market automotive ecommerce trends and are expected to boost the growth. Companies in the automotive e-commerce market could also face challenges such as identification of damaged parts and installation of the online purchased parts. The details covered in the Automotive E-Commerce Market reportcover all the aspects of the industry. Automotive e-commerce market analysts have also shared growth projections in the report and have suggested automotive e-commerce market players to plan growth strategies accordingly.
Some of the key players in the Global Automotive E-Commerce Industry include Amazon.com, Inc. (U.S.), eBay Inc. (U.S.), Taobao (China), Tmall.com (China), and Alibaba Group Holding Limited (China). Wal-Mart Stores, Inc. (U.S.), JD.com, Inc. (China), Snapdeal (India), Denso Corporation (Japan), and American Tire Distributors Holdings, Inc.(U.S.) are among others.
Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/4682
An impact analysis on COVID-19 by MRFR reveals that there has been a significant drop in vehicle sales in the first few months of 2020, given the shutdowns across countries and the oil price fluctuations. Leading automotive OEMs are adopting several tactics to mitigate the negative impact on their businesses by assessing their dealerships to resume services. The short-term impact of COVID-19 in the automotive sector has led to shutting down of assembly plants in the United States (US), manufacturing interruptions across Europe and ceased export of Chinese components. However, till the time a COVID-19 breakthrough is not achieved, the automotive industry can remain resilient, given the ongoing efforts by leading companies to curb revenue losses by adopting recovery tactics such as mergers and acquisitions and more.
Out of all the technology-based developments in today's time, e-commerce's impact on the automotive industry remains unparalleled. Therefore, it is expected that the automotive e-commerce market can remain resilient in the near future, with lesser long-term impact of COVID-19. Automotive e-commerce in Canada and the U.S has witnessed a surge of more than 60% only in April 2020, indicating that the pandemic has been a significant opportunity for the industry.
The global Automotive E-Commerce Market trends has been segmented based on components, consumer, and vehicle type. On the basis of components, the market for automotive e-commerce is segmented based on infotainment and multimedia, engine components, tires and wheels, interior accessories, electrical products. Additionally, the market on the basis of consumer, is segmented into B2B, B2C. The global market for automotive e-commerce is also covered based on vehicle type segment which is further split into passenger vehicle and commercial vehicle.
Factors like digitization of sales channels and improved user interfaces, support the Automotive E-Commerce Market growth. The performance of the automotive e-commerce market has also been studied for the past and current years. Additionally, the automotive e-commerce market report provides analysis of these segments. The automotive e-commerce market segmental analysis provided in the report offers major details about the automotive e-commerce market performance and future.
Companies in the Automotive E-Commerce Market are spread across the world. The automotive e-commerce market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American Automotive E-Commerce Market Size has many companies across the United States, Canada, and Mexico. Europe has companies in the automotive e-commerce market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the automotive e-commerce market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The automotive e-commerce market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the automotive e-commerce market can be found in the market research report.
The Automotive E-Commerce Market Share is supported by higher price transparency and greater diversity of parts. The population growth around the world and increasing demand of automotive e-commerce market based services and products also support the market growth. However, the automotive e-commerce market growth can be affected due to variable payment system options, delivery policies on the same day, and customers' control over the refund order.. The report covers all such details which will help companies in the automotive e-commerce market to strengthen their business plan and improve their product portfolio. The automotive e-commerce market research report also provides company profiles of major companies. The company profiles of many organizations operating in the Automotive E-Commerce Market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the Automotive E-commerce Aftermarket. New companies and established businesses can plan their strategies based on this data provided in the automotive e-commerce market research report.
Browse complete report @ https://www.marketresearchfuture.com/reports/automotive-ecommerce-market-4682
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat Of New Entrants