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.
- 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.
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.