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Global Automotive E-commerce Market to reach USD XX million by 2028

Global Automotive E-commerce Market Size study, By Components (Informational and Multimedia, Engine Component, Tires and Wheels, Electrical Products, Others), By Vehicle Type (Two Wheeler, Passenger Car, Commercial Vehicle), By Vendors (OEM, Third Party Vendors), and Regional Forecasts 2022-2028

Product Code: ICTE-37806030
Publish Date: 6-09-2022
Page: 200

Global Automotive E-commerce Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. The automotive e-commerce online platform is used to sell automotive parts, accessories, and services for B2C and B2B buyers. This platform helps companies to attract a huge customer base for reviews, and information associated with the products. The growth of the automotive industry, increase in penetration of the internet & smartphones, and rising e-commerce expenditure in the automotive segments are the primary factors that are spurring the market demand across the globe. For instance, as per Statista, in 2020, the worldwide automotive manufacturing industry was estimated generated a revenue of nearly USD 2.5 billion and it is anticipated to reaches nearly 2.8 billion by 2022. Therefore, the flourishing development of the automotive manufacturing industry is exhibiting a positive influence on the growth of the Automotive E-commerce Market in the near future. However, several concerns associated with cyber-security and growing shares of the counterfeiting of automotive parts impede the growth of the market over the forecast period of 2022-2028. Also, the increasing advancements of multiple payment modes and growing demand for omnichannel are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Automotive E-commerce Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising inclination towards hassle-free purchasing and growing demand for luxury and premium cars. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growth of the e-commerce sectors, as well as increasing number of government initiatives, would create lucrative growth prospects for the Automotive E-commerce Market across the Asia-Pacific region.

Major market players included in this report are:
Advance Auto Parts
JC Whitney
Flipkart
Amazon
Napa Auto Parts
O’Reilly Auto Parts
e-bay Inc
Arch Auto Parts
Pep Boys
Auto Anything

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Components:
Informational and Multimedia
Engine Component
Tires and Wheels
Electrical Products
Others
By Vehicle Type:
Two Wheeler
Passenger Car
Commercial Vehicle
By Vendors:
OEM
Third Party Vendors
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Automotive E-commerce Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Automotive E-commerce Market, by Region, 2020-2028 (USD Million)
1.2.2. Automotive E-commerce Market, by Components, 2020-2028 (USD Million)
1.2.3. Automotive E-commerce Market, by Vehicle Type, 2020-2028 (USD Million)
1.2.4. Automotive E-commerce Market, by Vendors, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive E-commerce Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive E-commerce Market Dynamics
3.1. Automotive E-commerce Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growth of the automotive industry
3.1.1.2. Increase in penetration of the internet & smartphones
3.1.2. Market Challenges
3.1.2.1. Several concerns are associated with the cyber-security
3.1.2.2. Growing shares of the counterfeiting of automotive parts
3.1.3. Market Opportunities
3.1.3.1. Increasing advancements in multiple payment modes
3.1.3.2. Growing demand for omni-channel
Chapter 4. Global Automotive E-commerce Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Automotive E-commerce Market, by Components
6.1. Market Snapshot
6.2. Global Automotive E-commerce Market by Components, Performance – Potential Analysis
6.3. Global Automotive E-commerce Market Estimates & Forecasts by Components, 2018-2028 (USD Million)
6.4. Automotive E-commerce Market, Sub Segment Analysis
6.4.1. Informational and Multimedia
6.4.2. Engine Component
6.4.3. Tires and Wheels
6.4.4. Electrical Products
6.4.5. Others
Chapter 7. Global Automotive E-commerce Market, by Vehicle Type
7.1. Market Snapshot
7.2. Global Automotive E-commerce Market by Vehicle Type, Performance – Potential Analysis
7.3. Global Automotive E-commerce Market Estimates & Forecasts by Vehicle Type, 2018-2028 (USD Million)
7.4. Automotive E-commerce Market, Sub Segment Analysis
7.4.1. Two Wheeler
7.4.2. Passenger Car
7.4.3. Commercial Vehicle
Chapter 8. Global Automotive E-commerce Market, by Vendors
8.1. Market Snapshot
8.2. Global Automotive E-commerce Market by Vendors, Performance – Potential Analysis
8.3. Global Automotive E-commerce Market Estimates & Forecasts by Vendors, 2018-2028 (USD Million)
8.4. Automotive E-commerce Market, Sub Segment Analysis
8.4.1. OEM
8.4.2. Third Party Vendors
Chapter 9. Global Automotive E-commerce Market, Regional Analysis
9.1. Automotive E-commerce Market, Regional Market Snapshot
9.2. North America Automotive E-commerce Market
9.2.1. U.S. Automotive E-commerce Market
9.2.1.1. Components breakdown estimates & forecasts, 2018-2028
9.2.1.2. Vehicle Type breakdown estimates & forecasts, 2018-2028
9.2.1.3. Vendors breakdown estimates & forecasts, 2018-2028
9.2.2. Canada Automotive E-commerce Market
9.3. Europe Automotive E-commerce Market Snapshot
9.3.1. U.K. Automotive E-commerce Market
9.3.2. Germany Automotive E-commerce Market
9.3.3. France Automotive E-commerce Market
9.3.4. Spain Automotive E-commerce Market
9.3.5. Italy Automotive E-commerce Market
9.3.6. Rest of Europe Automotive E-commerce Market
9.4. Asia-Pacific Automotive E-commerce Market Snapshot
9.4.1. China Automotive E-commerce Market
9.4.2. India Automotive E-commerce Market
9.4.3. Japan Automotive E-commerce Market
9.4.4. Australia Automotive E-commerce Market
9.4.5. South Korea Automotive E-commerce Market
9.4.6. Rest of Asia Pacific Automotive E-commerce Market
9.5. Latin America Automotive E-commerce Market Snapshot
9.5.1. Brazil Automotive E-commerce Market
9.5.2. Mexico Automotive E-commerce Market
9.6. Rest of The World Automotive E-commerce Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Advance Auto Parts
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. JC Whitney
10.2.3. Flipkart
10.2.4. Amazon
10.2.5. Napa Auto Parts
10.2.6. O’Reilly Auto Parts
10.2.7. e-bay Inc
10.2.8. Arch Auto Parts
10.2.9. Pep Boys
10.2.10. Auto Anything
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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