Tag: Reach

Automotive E-commerce Market Is Expected To Reach around

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Farmington, March 01, 2023 (GLOBE NEWSWIRE) — The Global Automotive E-Commerce Market Size Was Valued At USD 66.34 Billion In 2021. The Market Is Projected To Grow From USD 75.28 Billion In 2022 To USD 213.08 Billion By 2030, Exhibiting A CAGR Of 16.02% During The Forecast Period. Our analysis shows that between 2019 and 2020, the global industry expanded by an average of 4.5%.

Due to factors like supply chain disruptions, a decline in the import and export of auto parts, and restrictions on the transportation of non-essential goods, the majority of OEMs are struggling to operate their companies. The market is driven by the expansion of the worldwide e-commerce sector, an increase in automobile sales, and the digitization of interfaces and channels. Additionally, more people are going online, and consumer spending per individual is rising. The market will expand over the coming years thanks to the increase in online sales of car parts and components that has resulted from this.

Request Sample Copy of Report “Automotive E-commerce Market Size, Share & Trends Estimation Report By Component Type (Infotainment & Multimedia, Engine Components, Tires & Wheels, Interior Accessories, and Electrical Products), By Vendor Type (OEM Vendor and Third-party Vendor), By Vehicle Type (Passenger Car, Commercial Vehicle, and Two-wheeler), By Region, And Segment Forecasts, 2023 – 2030”, published by Contrive Datum Insights.

Recent Developments:

  • July 2021 – MasterBeat Corporation announced that JTEC Autoworld has launched the Amazon retail arm of its online auto parts platform. JTEC plans to leverage Amazon and other e-commerce platforms to accelerate marketing and sales.
  • January 2022 – Amazon and automaker Stellantis announced a strategic partnership to develop cars and trucks with Amazon software on the dashboard and distribute products made by Stellantis on the Amazon delivery network.

Segment Overview

Component Type Insights

Due to an increase in the amount of new and used vehicles, the engine parts segment has the biggest market share. Pistons and rings, bearings, the engine block and cylinder heads, valves, and filters are all listed under “engine components.” Additionally, the segment is growing because tires and wheels need to be replaced frequently because they wear out rapidly.

Vendor Type Insights

The type of third-party vendor segment, which makes up the majority of the market, is also anticipated to hold the top spot during the forecast term. This is due to the fact that third-party vendors can fulfill customer expectations thanks to quick delivery and an excellent support network. In order to attract consumers, they also give discounts.

Vehicle Type Insights

The majority of the market is made up of the passenger vehicle segment, and over the following few years, this is anticipated to remain the case. This is due to an increase in passenger car sales. Advanced and optimized search engines are used by e-stores to improve the customer purchasing experience. These types of search engines allow end users to locate passenger cars by applying filters to parameters like vehicle details, price, trim, make, features, and exterior color.

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Automotive Repair and Service Market to Reach $1,656.21 Billion by 2031: Allied Market Research

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Allied Market Research

Surge in automobile sales, increase in standard of living among people, rapid urbanization, rise in need for aftersales automotive services, and prevalence of stringent government regulations to replace or upgrade vehicle components are expected to drive the growth of the global automotive repair and service market. Closed manufacturing facilities, presence of transportation restrictions from governments, and temporary stoppage of services due to social distancing restrictions during the pandemic had a negative impact on the market.

Portland, OR, Sept. 28, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global automotive repair and service market generated $789.8 billion in 2021, and is projected to reach $1,656.21 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

Download FREE Report Sample (331 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/5156

Automotive Repair and Service Industry Report Coverage & Details:

Report Coverage

Details

Forecast Period

2022­–2031

Base Year

2021

Market Size in 2021

$789.8 billion

Market Size in 2031

$1,656.21 billion

CAGR

7.6%

No. of Pages in Report

331

Segments Covered

Type, Service Provider, Vehicle Type, Propulsion Type, And Region.

Drivers

Increase in the standard of living

Surge in automobile sales

Opportunities

Rise in need for aftersales automotive services

Prevalence of stringent government regulations to replace or upgrade vehicle components

Restrains

Volatile prices of raw materials

Surge in demand for shared mobility

COVID-19 Scenario:

  • The outbreak of COVID-19 pandemic has had a negative impact on the growth of the global automotive repair and service market, owing to the occurrence of lockdowns in various countries around the globe.

  • Lockdowns resulted in the closure of various manufacturing facilities, including those in the automotive sector, which resulted in decreased automobile sales. This further adversely impacted the demand for the automobile repair and service market.

  • In addition, all types of shops, service, and automobile customization centers were closed down due to the stringent social distancing restrictions imposed by the government. These regulations were imposed so as to curb the spread of the virus during the pandemic.

The report offers detailed segmentation of the global automotive repair and service market based on type, service provider, vehicle type, propulsion type, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report.

Based on type, the mechanical segment held the largest market share in

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Global Automotive Aftermarket Market to Reach $542.1 Billion by 2026

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ReportLinker

Abstract: What`s New for 2022? -Global competitiveness and key competitor percentage market shares. -Market presence across multiple geographies – Strong/Active/Niche/Trivial.

New York, Feb. 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Automotive Aftermarket Industry” – https://www.reportlinker.com/p04778726/?utm_source=GNW
-Online interactive peer-to-peer collaborative bespoke updates
-Access to our digital archives and MarketGlass Research Platform
-Complimentary updates for one year

Global Automotive Aftermarket Market to Reach $542.1 Billion by 2026

Increasing vehicle population, higher vehicle life expectancy and longer car retention continue to fuel growth in the global automotive aftermarket. Growing percentage of electronic content in automobiles coupled with modern consumers` proclivity to in-car infotainment technologies provides ample opportunities for growth. Automotive electronics such as night-vision devices, global positioning systems (GPS) and reverse and parking-assist systems will become popular targets for market expansion. Increasing customer expectations, technological innovations and growing competition are among the factors driving industry expansion. More and more OEMs can be seen penetrating into the aftermarket. Increasing consumer awareness pertaining to periodic maintenance, safety, installation of new interior and exterior accessories, convenience and add-on services would also fuel business expansion. The online platform for sales of automotive components would also become more popular in the coming years. Online platforms would enable customers to compare prices and product features prior to the purchase decision.

Amid the COVID-19 crisis, the global market for Automotive Aftermarket estimated at US$438.8 Billion in the year 2020, is projected to reach a revised size of US$542.1 Billion by 2026, growing at a CAGR of 3.6% over the analysis period. Mechanical Products, one of the segments analyzed in the report, is projected to grow at a 3.2% CAGR to reach US$228 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Exterior & Structural Products segment is readjusted to a revised 3.1% CAGR for the next 7-year period. This segment currently accounts for a 18.7% share of the global Automotive Aftermarket market. Bad road conditions and rise in automotive accidents generate demand for tires, rims, and other mechanical products associated with the wheel assembly. Vehicle exterior and structural products such as laminated windows and glass are some of the most common products that are enhanced with advanced versions.

The U.S. Market is Estimated at $118.8 Billion in 2021, While China is Forecast to Reach $98.5 Billion by 2026

The Automotive Aftermarket market in the U.S. is estimated at US$118.8 Billion in the year 2021. The country currently accounts for a 26.61% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$98.5 Billion in the year 2026 trailing a CAGR of 6.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market

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Exterior Car Accessories Market is Forecast to Reach a Value at a CAGR of 7.6% by 2027 | Oakmore Ltd, Momo Srl, O’Reilly

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exterior car accessories

Exterior Car Accessories Market to Grow with Growing Popularity of Vehicle Customization

#3200,SEATTLE, WASHINGTION , UNITED STATES, December 17, 2021 /EINPresswire.com/ — United States/WA: The global exterior car accessories market was valued at US$ 175236.9 Mn in 2019 and is forecast to reach a value of US$ 314,392.8 Mn by 2027 at a CAGR of 7.6% between 2020 and 2027.

Market Overview:-
Exterior car accessories are utilized to improve the vehicle’s overall appearance. This may include, among other things, a plastic car door guard, rear mudguard, front mudguard, bumper guard, stickers, decals, wraps, tire inflators, and a spoiler. Other key exterior pieces of a car are engine splash shields, bonnets, fenders, and bumpers. Outside automobile accessories are modifications to a vehicle’s exterior that improve its overall appearance and functionality. Exhaust nozzles, door visors, mudflaps, led DRL lights, wipers, bumper reflectors, and other car external accessories are used to modify and/or customize the vehicle. As a result of the growing popularity of vehicle customization, the need for exterior car accessories is developing globally.

Get a PDF Brochure of the Report to understand the structure of the complete report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.coherentmarketinsights.com/insight/request-sample/1868

Key Takeaways:-

The exterior car accessories market is expected to exhibit a CAGR of XX % during the forecast period owing to the increasing demand for car accessories and availability of car accessories on online platforms. For instance, in April 2021, Carluxxe Outfitters announced the launch of their new website to bring accessories closer to car buffs. Carluxxe Outfitters seeks to provide the best possible shopping experience to people looking to give their cars and trucks the best form of treatment to meet their vehicle needs.

Among regions, North America and Asia Pacific are expected to witness robust growth in the exterior car accessories market due to rapidly growing automotive industry, increasing automotive fleet, and availability of car accessories on e-commerce platforms. For instance, according to the International Trade Administration, Mexico is the sixth-largest passenger vehicle manufacturer, producing around 3 million vehicles annually. Moreover, over 89% of vehicles produced in Mexico are exported, with 80% destined for the United States.

Moreover, in March 2021, Amazon launched a sale on cars and bike accessories, offering up to 75% off on car mats, tyre inflators, jumper cables, and much more.

The Study Include Key Companies:
◙ Oakmore Pvt Ltd,
◙ Car Mate Manufacturing Co. Ltd.,
◙ Lund International, Inc.,
◙ Truck Covers Usa Llc,
◙ Lloyd Mats, Pep
◙ Boys, Thule Group,
◙ U.S. Auto Parts Network, Inc.,
◙ Covercraft Industries Llc,
◙ Mont Blac Industry

Click Here To Get Sample Report of Global Exterior Car Accessories Market @ https://www.coherentmarketinsights.com/insight/request-sample/1868

Key Market Drivers:-

➡ Increasing automotive fleet and rising expenditure on exterior accessories is expected to fuel the growth of the exterior car accessories market during the forecast period. Consumers spend on various exterior car accessories to enhance the overall appearance of the vehicle. According to India Brand Equity

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