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Market Analysis

  • Report ID: GMI2382
  • Published Date: Jul 2024
  • Report Format: PDF

E-commerce automotive aftermarket Analysis

Based on vehicle powertrain, the internal combustion engine (ICE) vehicles was crossed around USD 210.25 billion in 2023 and expected to reach USD 477.01 billion in 2032. The Internal Combustion Engine (ICE) vehicles segment in the global E-commerce automotive aftermarket includes components and services related to engine performance, fuel systems, exhaust systems, and transmission parts. This segment is crucial for maintaining and enhancing the efficiency and longevity of ICE powertrains, driving significant online sales growth.

 

As consumer interest in electric vehicles grows, particularly BEVs, the aftermarket for these vehicles focuses on specialized components like electric motors, batteries, charging infrastructure, and software updates. E-commerce platforms facilitate the accessibility of these parts, offering convenience in purchasing and installing upgrades or replacements. The market's growth is driven by technological advancements in both ICE and BEV sectors, regulatory support for electric vehicle adoption, and the increasing preference for online shopping due to its ease of use and competitive pricing, making aftermarket solutions accessible to a global audience.

 

Global Ecommerce Automotive Aftermarket Revenue Share, By Consumer, 2023

Based on consumer, the B2C segment held the dominant market share of 86.51% in 2023 and will hold around 68.45% by 2032. The B2C segment in the global E-commerce automotive aftermarket caters directly to consumers, offering a wide range of products such as replacement parts, accessories, and performance-enhancing components. This segment has seen significant growth, driven by the convenience of online shopping and competitive pricing. D2B (Dealer-to-Business), involving sales between manufacturers or wholesalers and automotive service providers; B2bigB (Business-to-Business), focusing on large-scale procurement among major aftermarket suppliers; B2smallB (Business-to-Small Business), catering to smaller automotive businesses; B2C (Business-to-Consumer), where retailers sell directly to individual consumers; and D2C (Dealer-to-Consumer), facilitating direct sales from dealers to end-users.

 

Based on product, the market is categorized into replacement parts, braking, steering and suspension, hub assemblies, universal joints, gaskets, wipers, filters, lighting, spark plugs, tires, battery, bev specific parts, electronics components, accessories, lifestyle ,others. The global E-commerce automotive aftermarket encompasses a wide range of products catering to diverse consumer needs. Replacement parts such as braking components, steering and suspension parts, hub assemblies, universal joints, gaskets, wipers, filters, lighting, spark plugs, tires, and batteries are essential for vehicle maintenance and repair. With the rise of electric vehicles (BEVs), specific parts tailored for battery electric vehicles are in demand.

 

Based on channel, the market is categorized into Marketplaces(amazon, ebay), Online shops, Others. In the global E-commerce automotive aftermarket, various channels facilitate the sale of automotive parts and accessories online. Marketplaces like Amazon and eBay serve as robust platforms connecting buyers and sellers worldwide, offering a wide range of products from multiple suppliers. Online shops such as Delticom and Autodoc specialize in automotive components, providing dedicated websites with extensive catalogs and customer support. Other channels include specialized e-commerce platforms and manufacturer-direct websites, which cater to niche markets or offer exclusive products and services. These channels collectively enhance accessibility, choice, and convenience for consumers seeking automotive aftermarket solutions online, driving significant growth in the sector globally.

 

Europe Ecommerce Automotive Aftermarket Size, 2021 - 2032 (USD Billion)

Europe e-commerce automotive aftermarket size surpass USD 81.62 billion by 2032. The region's strong automotive tradition and excellent infrastructure contribute to a well-established market for auto parts and accessories. European consumers have a high degree of automotive knowledge and a strong desire to maintain their automobiles, which drives demand for aftermarket items. The presence of prominent car manufacturers and aftermarket companies in nations such as Germany, France, and the United Kingdom boosts the market even more. Furthermore, the rise of e-commerce platforms has made it easier for consumers to access a diverse range of products, resulting in an increase in online sales.

 

Europe’s stringent regulations on vehicle emissions and safety also contribute to the demand for high-quality aftermarket parts, as consumers seek to ensure compliance. Overall, the combination of a robust automotive industry, consumer preferences, and advanced e-commerce infrastructure positions Europe as a leader in the automotive aftermarket.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The e-commerce automotive aftermarket was crossed USD 223.93 billion in 2023 and is anticipated to register over 13.24% CAGR through 2032, driven by the increasing adoption of digital platforms for purchasing automotive parts and accessories.

The B2C segment of the e- commerce automotive aftermarket held 86.51% share in 2023 and is expected to reach 68.45% by 2032, driven by the convenience of online shopping and competitive pricing.

Europe e-commerce automotive aftermarket will cross USD 81.62 billion by, 2032, driven by the regions strong automotive tradition and excellent infrastructure that contribute to a well-established market for auto parts and accessories.

Advance Auto Parts, Alibaba Group, Amazon Inc, Arch Auto Parts, AutoAnything, AutoZone, Bosch GmbH, CARiD.com, and Denso Corporation among others.

E-Commerce Automotive Aftermarket Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 24
  • Tables & Figures: 255
  • Countries covered: 22
  • Pages: 305
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