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Market Analysis

  • Report ID: GMI4858
  • Published Date: Jul 2024
  • Report Format: PDF

Europe E-Commerce Automotive Aftermarket Analysis

Based on vehicle powertrain, the market is divided into internal combustion engine (ICE) vehicles, battery electric vehicles (BEV). Internal Combustion Engine (ICE) Vehicles held the dominant market value of around USD 75.37 billion in 2023 and expected to reach around USD 152.83 billion by 2032. In the European e-commerce automotive aftermarket, key trends include a dual focus on Internal Combustion Engine (ICE) vehicles and Battery Electric Vehicles (BEVs). While traditional ICE vehicles continue to dominate sales, there is a notable rise in demand for BEVs driven by environmental concerns and government incentives. E-commerce platforms are adapting to cater to both segments, offering a range of parts, accessories, and services tailored to the unique needs of each vehicle type. This includes everything from maintenance components for ICE vehicles to specialized charging equipment and battery management systems for BEVs. As consumer preferences evolve towards sustainable mobility solutions, e-commerce retailers are poised to play a pivotal role in facilitating accessibility and choice in the automotive aftermarket across Europe.
 

Europe E-Commerce Automotive Aftermarket Revenue, By Consumer, (2023)

Based on consumer, the market is categorized into D2B, B2C, D2C. B2C segment held the dominant market share of 86% in 2023 and expected to reach around 65% revenue share by 2032. In the European e-commerce automotive aftermarket, Direct-to-Business (D2B), Business-to-Consumer (B2C), and Direct-to-Consumer (D2C) models are shaping distribution dynamics. D2B models streamline supply chains by directly supplying businesses like repair shops and fleet operators with automotive parts and accessories. B2C platforms cater directly to individual consumers, offering a wide array of products from maintenance items to specialized vehicle upgrades. D2C strategies allow manufacturers to bypass traditional retail channels, selling products directly to end-users online. These models collectively enhance market accessibility, offer competitive pricing, and cater to diverse consumer and business demands across the automotive aftermarket in Europe.
 

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. In the European e-commerce automotive aftermarket, a diverse array of products is available catering to various needs. Replacement parts such as braking components, steering and suspension systems, hub assemblies, and universal joints are essential for maintaining vehicle performance and safety. Gaskets, wipers, filters, and lighting components ensure optimal functionality and visibility. Specific to Battery Electric Vehicles (BEVs), specialized parts like battery management systems and charging equipment are increasingly in demand. Electronics components such as sensors and control modules play a crucial role in vehicle diagnostics and performance enhancement.
 

Beyond essentials, accessories ranging from lifestyle enhancements to vehicle customization options are popular among consumers. This includes interior and exterior accessories, performance upgrades, and aesthetic enhancements. The availability of these products through e-commerce platforms enhances convenience and accessibility for both individual consumers and businesses, facilitating quick access to a wide range of automotive solutions tailored to diverse preferences and vehicle types across Europe's aftermarket.
 

Based on channel, the market is categorized into marketplaces (amazon, ebay), Online shops, Others. In the global E commerce automotive aftermarket market, 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.
 

U.K. E-Commerce Automotive Aftermarket Size, 2021 - 2032 (USD Billion)

U.K. dominated the Europe E-commerce automotive aftermarket in 2023. It generated a revenue of around USD 7.18 billion in 2023. In the U.K., the e-commerce automotive aftermarket is experiencing robust growth, driven by increasing consumer demand for convenient access to automotive parts and accessories. Platforms like Amazon and eBay Motors offer a wide range of products, from replacement parts to high-tech components for both ICE vehicles and BEVs. Additionally, U.K.-based companies are leveraging digital channels to reach broader European markets, enhancing cross-border trade. The trend towards online purchasing is further supported by advancements in logistics and delivery services, making the U.K. a significant player in Europe's e-commerce automotive aftermarket.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Europe E-commerce automotive aftermarket was valued at USD 195.6 billion in 2023 and is anticipated to register over 9% CAGR between 2024 and 2032 owing to the growth in e-commerce spending.

The B2C segment in the Europe E-Commerce automotive aftermarket held 86% share in 2023 and expected to reach 65% share in 2032 favored by a wide array of products from maintenance items to specialized vehicle upgrades.

U.K. E-commerce automotive market generated a revenue of USD 7.18 billion in 2023 driven by increasing consumer demand for convenient access to automotive parts and accessories.

AD International, Alibaba Group, Amazon, Bosch, Denso Corporation, EbaY, FEBEST EUROPE DISTRIBUTION OÜ, Napa Auto Parts, and ORAP GMBH among others.

Europe E-Commerce Automotive Aftermarket Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 532
  • Countries covered: 8
  • Pages: 300
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