Global Automotive E-tailing Market to Reach US$ 268 Billion by 2034, Expanding at a Staggering 13.4% CAGR | Future Market Insights, Inc.
E-Tailing, also known as electronic retailing or internet retailing, is any Business-To-Consumer (B2C) transaction that takes place through the Internet. Automotive E-Tailing means selling automotive components online. The global automotive E-Tailing market is composed of a wide range of automotive parts and components, which include interior accessories, infotainment-multimedia, electrical and electronics products, powertrain, tires, and wheels. The Automotive E-Tailing Market includes both business-to-business and business-to-consumer sales.
NEWARK, Del, Feb. 07, 2024 (GLOBE NEWSWIRE) -- The automotive e-tailing market is estimated to be worth US$ 76.4 billion in 2024 and is projected to be valued at US$ 268 billion by 2034. Between 2024 and 2034, the market is predicted to rise at a CAGR of 13.4%. Increasing internet penetration worldwide provides a broader consumer base with access to online platforms, facilitating the growth of e-tailing in the automotive sector.
The automotive industry's ongoing digital transformation involves the adoption of online platforms for various aspects of the buying process, contributing to the growth of e-tailing. E-tailing offers consumers a convenient and time-efficient way to browse, compare, and purchase automotive products without the need to visit physical stores.
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The prevalence of smartphones and the rise of mobile commerce enable consumers to shop for automotive products using mobile devices, contributing to the market's growth.
E-tailers provide a wide range of automotive products, including original equipment manufacturer (OEM) parts, aftermarket accessories, tools, and maintenance items, meeting the diverse needs of vehicle owners. Growing environmental awareness leads to increased demand for eco-friendly automotive products, often available through e-tailing platforms, contributing to market growth.
Key Takeaways from the Market Report
From 2019 to 2023, the automotive e-tailing market expanded at a CAGR of 16.9%.
Based on vehicle type, the passenger vehicle segment is expected to rise at a CAGR of 13.2% from 2024 to 2034.
The automotive e-tailing demand in China is predicted to grow at a CAGR of 13.9% through 2034.
In the United States, the automotive e-tailing industry is estimated to register a CAGR of 13.7% from 2024 to 2034.
The United Kingdom is projected to expand by a value CAGR of 14.7% between 2024 and 2034.
The automotive e-tailing market in Japan is anticipated to record a CAGR of 14.9% during 2034.
“The automotive e-tailing market is being propelled by increasing convenience of shopping online for automotive products, including parts, accessories, and tools.” - Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)
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Competitive Landscape
Market participants in the automotive e-tailing sector are actively engaging in collaborations with original equipment manufacturers (OEMs), aftermarket suppliers, and various industry stakeholders to broaden their product portfolios, ensuring a diverse and comprehensive inventory.
Strategic partnerships with logistics firms have been established to optimize supply chain operations, guaranteeing efficient management and timely deliveries. These players are committed to providing an expansive and varied product catalog, encompassing a wide array of automotive parts, accessories, and tools to cater to the diverse needs of their customers.
eBay's automotive category allows sellers to list new and used automotive parts and accessories for buyers to purchase through an auction or fixed-price format.
Continental is a major automotive supplier known for tires, electronics, and other components. Continental's products are available through various channels, including e-tailing platforms.
Delticom is a European e-commerce company specializing in tires and automotive accessories. Delticom operates online tire shops and automotive e-tailing platforms.
Key Companies Profiled
Flipkart
Wal-Mart Stores Inc.
O’Reilly Automotive Inc.
Robert Bosch GmbH
E-bay Inc.
Continental AG
Delticom AG
Alibaba Group Holding Ltd
AutoZone Inc.
Advance Auto Parts Inc.
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Report Scope:
Attributes | Details | |
Estimated Market Size in 2024 | US$ 76.4 billion | |
Projected Market Valuation in 2034 | US$ 268 billion | |
Value-based CAGR 2024 to 2034 | 13.4 % |
|
Forecast Period | 2024 to 2034 | |
Historical Data Available for | 2019 to 2023 | |
Market Analysis | Value in US$ billion | |
Key Countries Profiled |
| |
Automotive E-Tailing Market - Key Segments
By Vehicle Type:
Passenger Cars
Commercial Vehicles
Two-Wheeler
By Components:
Infotainment
Interior Accessories
Engine Components
Tires
Electrical Products
By Vendor:
OEM Vendor
Third-Party Vendor
By Product Label:
Branded
Counterfeit
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa
Authored by:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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