E-Commerce Automotive Aftermarket Market Forecast to 2028
E-Commerce Automotive Aftermarket Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type [Braking (Brake Pads, Hydraulics & Hardware, and Rotor & Drum), Steering & Suspension (Ball Joints, Tie Rods, Sway Bar Links, Bearings/Seals, and Others), Hub Assemblies, Universal Joints, Gaskets, Filters, Spark Plug, and Others], and Consumer Type (B2B and B2C)
The e-commerce automotive aftermarket market is expected to grow from US$ 57,301.1 million in 2022 to US$ 1,60,985.4 million by 2028. It is estimated to grow at a CAGR of 18.8% from 2022 to 2028.
North America has a developed automotive industry due to the continuous production of commercial vehicles. According to the Organization International des Constructer’s d’Automobiles (OICA) 2021 report, the US produced 7,604,154 commercial vehicles in 2021, 6,895,604 in 2020, and 8,367,239 in 2019. Similarly, Canada produced 826,767 commercial vehicles in 2021, 1,048,942 in 2020, and 1,455,215 in 2019, as per the OICA 2021 report. Mexico produced a total of 2,437,411 commercial vehicles in 2021, 2,209,121 in 2020, and 2,604,080 in 2019, as per the same report. The US, Canada, and Mexico are leading in the commercial vehicle production segment worldwide, as per OICA statistics. Thus, the continuous production of commercial vehicles across the region supports the e-commerce automotive aftermarket market growth in North America.
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The report segments the global E-Commerce Automotive Aftermarket Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global E-Commerce Automotive Aftermarket Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
The report provides the current market size for E-Commerce Automotive Aftermarket, defines trends and presents growth forecasts for nine years from 2019 to 2028. 2020 is considered as the base year, and 2022 to 2028 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of E-Commerce Automotive Aftermarket Market for all the regions globally.
The scope of the E-Commerce Automotive Aftermarket Market Report:
The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the E-Commerce Automotive Aftermarket in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also provides market insights and analysis of the E-Commerce Automotive Aftermarket, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.
Major highlights of the report:
- All-inclusive evaluation of the parent market
- Industry-wide investigation of market segments
- Assessment of market value and volume in past, present, and forecast years
- Evaluation of market share
- Tactical approaches of market leaders
- Lucrative strategies to help companies strengthen their position in the market
Evolution of significant market aspects
Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘E-Commerce Automotive Aftermarket Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.
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Person: Sameer Joshi