E-tailing Market Overview
E-tailing
is the process of buying and selling goods through the internet. The process
includes selling goods from the B2C method. The implementation of E-tailing in
the automotive sector is massively growing due to the rise in demand for
components. It has driven the sales of automobiles globally. This technology
has boosted the convenience of online shopping platforms and products available
in a wide range. Due to these factors, the Automotive
E-tailing Market is emerging at a
higher pace.
The
higher investment in e-commerce platforms is acting as a major driving of the
market. Factors such as awareness of security concerns and the risk of security
breaches restrict the market's growth. But there are growth factors that are
accelerating its demand. Higher usage of the internet, increased rate of the
vehicle user population, availability of cheaper automotive components, and the
rise in demand for omnichannel insights are the key drivers of the market.
The
awareness and inclination toward using the internet and convenient online
shopping mode accelerate the Automotive
E-tailing Market.
The
growth opportunities are fueling the market's demand. The rise in vehicle-age
circulation increased the sales rate of passenger cars, and higher investment
in e-commerce platforms is upbringing massive growth opportunities.During the
pandemic period, the Automotive
E-tailing Market faced challenges when negative factors restricted the
growth rate. The market noticed a sharp drop due to the lockdown impact.
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In
most of the major regions, it faced growth restrictions. But in the further
days of the pandemic, the market noticed a steady growth rate when the
e-commerce platforms enhanced. In the post-pandemic period, the market is
estimated to witness significant growth in the review period. The presence of
major growth opportunities is accelerating the market's demand.
The
Automotive E-tailing Market is
estimated to reach a CAGR of approximately 12 % and a value of USD 55.22
Billion by 2022 to 2030.
E-tailing Market Segmentation
The
Automotive E-tailing Market is
segmented into vendor type, components, and vehicles.
The
vendor type segment is fragmented into OEM vendors and third-party vendors. The
component segment is classified into Electrical and Electronics, Chassis, and
Powertrain.
The
vehicles section is categorized into commercial vehicles and non-commercial
vehicles.
E-tailing Market Regional Analysis
According
to the geographical update of the Automotive
E-tailing Market, it covers the major regions such as the Americas,
including North America and Latin America, Asia Pacific, Europe and the Middle
East and Africa.
The
Asia Pacific is estimated for the largest market size, and it is estimated to
lead the market in the forecasted period. The region is emerging due to the
increase in internet penetration and the increased adoption rate of newer
technologies like smartphones in this region. Emerging economies such as China,
Japan, and India highly contribute to the market's growth. Other regions will
also estimate a significant market value in the coming years.
Industry News
In
May 2018, Walmart Inc. made an agreement to be the greatest shareholder in
Flipkart. The company announced its investment would benefit India by providing
high-quality and affordable goods for customers for creating new skilled jobs
and opportunities for suppliers.
E-tailing
Market Key Players
·
Advance Auto Parts Inc. (U.S)
·
Delticom AG (Germany)
·
eBay Inc. (U.S)
·
Rock Auto LLC (U.S)
·
Genuine Parts Company (U.S)
·
CARiD.com (U.S)
·
O'Reilly Auto Parts (U.S)
·
AutoZone Inc. (U.S)
·
JEGS High Performance (U.S)
·
K&N Engineering Inc. (U.S)
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