Quantcast
Jump to content
  • Welcome to Auto Parts Forum

    Whether you are a veteran automotive parts guru or just someone looking for some quick auto parts advice, register today and start a new topic in our forum. Registration is free and you can even sign up with social network platforms such as Facebook, Twitter, Google, and LinkedIn. 

     

APF

E-Commerce Automotive Aftermarket To Reach $30 Billion By 2025

Recommended Posts

The e-commerce automotive aftermarket is expected to cross $30 billion USD by 2025, according to a new research report by Global Market Insights Inc. The global e-commerce automotive aftermarket is expected to generate a demand of more than 1 billion units till 2025. Increasing age of vehicles across the globe, specifically in developed countries coupled with shifting consumer preference towards online purchase of auto components will primarily drive the industry growth over the forecast timeframe. Changing style preferences of consumers and increasing customizations in vehicles will further strengthen the industry penetration.

Steering and suspension is anticipated to dominate the e-commerce automotive aftermarket share over the forecast timeframe. This can be credited to rising demand of components such as control arms, coil springs and bearings. Availability of numerous options at reasonable price and choice will positively impact the product demand.

Spark plugs are expected to exhibit more than 21 percent CAGR till 2025 owing to recommendation of vehicle manufacturers for product replacement after every 30,000 miles. Increased accident rates along with cheaper product availability as compared to its counterparts will further propel the segment’s growth.

Online platforms have gained prominence among the automotive aftermarket industry players to launch their auto-parts portfolio. The manufacturers are increasingly launching their products on online platforms through third party retailers, such as Amazon and eBay, or via their own online portals, positively impacting the industry growth. However, lack of efficient standardization for e-commerce businesses may lead to easy counterfeiting of products, posing a threat to the industry growth over the forecast timeframe.

Rising production of electric and hybrid vehicles across the globe has resulted in increased complexity of the intricate parts. This has led to increased production of automotive aftermarket parts owing to proliferating DIFM customers. The e-commerce automotive aftermarket players are forced to expand their portfolio, to cater to the rising demand, inducing immense potential to the industry size till 2025.

Third party retailers are likely to account for highest revenue share crossing $29 billion USD by 2025. Rising popularity of these retailers such as eBay and Amazon will primarily drive the industry growth. High revenue generation also can be attributed to the distinct services. Moreover, provision of benefits such as same day delivery will further strengthen the e-commerce automotive aftermarket penetration.

Direct to customer will exhibit approximately 21 percent CAGR from 2018 to 2025. This can be attributed to high brand loyalty of the customers and provision of appropriate service facilities. The automotive aftermarket players such as Bosch are expanding their online platforms to enhance their visibility among the customers.

B2C will account for maximum revenue share crossing $13 billion USD over the forecast timeline. Shifting preference of customers towards online purchase of these auto parts will primarily support the industry dominance. This can be attributed to the cost effectiveness of the online portals as compared to conventional stores. Fast query solving, and provision of technologically advanced products will further escalate the revenue generation. B to big B will exhibit more than 19 percent CAGR owing to provision of benefits such as fast delivery services.

North America e-commerce automotive aftermarket size is anticipated to exhibit a CAGR of approximately 17 percent by 2025. Well-established internet infrastructure will pave stable growth prospects to the region’s growth. Presence of prominent e-commerce leaders such as Amazon will strengthen the industry growth over the coming years. Asia Pacific is likely to exhibit considerable share of more than $9 billion USD over the coming years. The substantial revenue generation can be attributed to growth in automobile industry along with rising internet penetration across the region.

Napa Auto Parts, DENSO Corp., Amazon, eBay, Auto Zone and Advance Auto Parts are among the prominent participants in e-commerce automotive aftermarket. Partnerships and collaborations with online aftermarket players are among the strategies adopted by the industry players to enhance their visibility. For instance, in 2016, Hella Group collaborated with online auto-parts supplier, iParts.pl in order to expand its product line.

Source: 

link hidden, please login to view

Report: 

link hidden, please login to view

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Topics

    • By Auto News
      SPRINGFIELD, Mo., Oct. 28, 2020 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its third quarter ended September 30, 2020.

      link hidden, please login to view
    • By Auto News
      SPRINGFIELD, Mo., Oct. 01, 2020 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its third quarter 2020 results as Wednesday, October 28, 2020, with a conference call to follow on Thursday, October 29, 2020.

      link hidden, please login to view
    • By CHEN HAI
      Taizhou Telubao Chassis Parts Co.,Ltd Produce Chassis parts as Control Arm, Stabilizer Bar Link, Tie Rod End, Wheel Hub Bearing, Steering Knuckle, Bushing etc Fit For Tesla, Land Rover, Jaguar, Porsche, BMW, Audi, Benz, Lincoln, Maserati, Lexus.... for aftermarket. Our main markets are the United States, Europe, and China.
      Our websie: www.smkcarparts.com   www.tlbchassisparts.com
      Tesla Model S X 3 Y Chassis Parts Manufacturer Supplier Factory, High Quality Only.

    • By Auto News
      SPRINGFIELD, Mo., July 29, 2020 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq:  ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its second quarter ended June 30, 2020.

      link hidden, please login to view
  • Our picks

    • Advance Auto Parts To Sponsor NASCAR Weekly Series In Multiyear Agreement
      DAYTONA BEACH, Fla. & RALEIGH, N.C.--(BUSINESS WIRE)--As NASCAR Weekly Series sanctioned events begin to return at select tracks across North America, NASCAR and Advance Auto Parts (NYSE: AAP), a leading automotive aftermarket parts provider, today announced a multiyear official partnership, designating Advance as the series entitlement sponsor. As part of the agreement, Advance also becomes the “Official Auto Parts Retailer of NASCAR.”

      "It's great to have Advance join us in welcoming the return of NASCAR-sanctioned grassroots racing," said Ben Kennedy, vice president, racing development, NASCAR. "Advance’s commitment to our Weekly Series will develop some of the brightest NASCAR talent across North America. Advance has a long history in racing, and we’re thrilled to see its expanded presence from the grassroots all the way through our national series.”
      • 0 replies
    • Advance Auto Parts Announces Purchase of the DieHard Brand from Transformco
      Advance Auto Parts, Inc. (NYSE: AAP) has acquired the DieHard brand from Transform Holdco LLC (“Transformco”), for $200 million utilizing cash on hand.

      “We are excited to acquire global ownership of an iconic American brand. DieHard will help differentiate Advance, drive increased DIY customer traffic and build a unique value proposition for our Professional customers and Independent Carquest partners. DieHard has the highest brand awareness and regard of any automotive battery brand in North America and will enable Advance to build a leadership position within the critical battery category,” said Tom Greco, president and CEO, Advance Auto Parts. “DieHard stands for durability and reliability and we will strengthen and leverage the brand in other battery categories, such as marine and recreational vehicles. We also see opportunities to extend DieHard in other automotive categories. We remain committed to providing our customers with high-quality products and excellent service. The addition of DieHard to our industry leading assortment of national brands, OE parts and owned brands will enable us to differentiate Advance and drive significant long-term shareholder value.”
      • 0 replies
    • AmazonBasics 6-Pack High Mileage Motor Oil - Synthetic Blend
      AmazonBasics High Mileage Motor Oil - Synthetic Blend

      AmazonBasics high-mileage synthetic-blend motor oil offers an enhanced level of protection for engines over 75,000 miles. Its synthetic blend combines conventional oil with synthetic for cost efficiency with some of the benefits of a full synthetic. An important part of routine maintenance, the motor oil works well for anything from topping off levels to complete oil changes. Whether it’s a beloved older vehicle or one with an uncertain maintenance history, help protect its engine with AmazonBasics high-mileage, synthetic-blend motor oil.
      • 3 replies
    • OEM vs. Aftermarket Parts for Your Car: How to Choose
      When selecting parts for a car repair, it pays to know the differences between original and aftermarket parts. Whenever possible, get estimates for both.

      Choosing between original and aftermarket car parts — and even used parts of either type — is all about squaring your priorities with your budget.

      You’ll have different options depending on the part and the shop. And the best choice will depend on whether you’re trying to keep repairs cheap, restore your car’s appearance after a wreck or soup up your ride.

      Original equipment manufacturer (OEM) parts match those that came with your car, and are of the same quality as its original parts. They’re also the most expensive.
        • Like
      • 1 reply
    • Replacement Intervals For Oil And Air Filters In Today’s Vehicles
      The factory-recommended replacement intervals for filters can vary quite a bit depending on the year, make and model of the vehicle, as well as how it is driven. As a rule, older vehicles (those more than 15 to 20 years old) typically have more frequent service intervals than newer vehicles. Why? Because late-model vehicles require less maintenance, thanks to improvements in motor oils, transmission fluids, engine design and filter media.

      Many long-life air and oil filters use synthetic fiber media or a blend of cellulose and synthetic fibers to extend filter life.

      Changing the oil and filter every 3,000 miles was standard practice decades ago. But it’s no longer necessary because most multi-viscosity oils today are a synthetic blend or a full synthetic that resist viscosity breakdown and oxidation for a much longer period of time. Late-model fuel-injected engines also run much cleaner than their carbureted ancestors, which reduces oil contamination in the crankcase.
        • Like
      • 0 replies
×
×
  • Create New...

Copyright © 2020 AutoPartsForum Powered by Invision Community