E-commerce has gained massive popularity over the years. The internet and low-cost product availability or discounted prices have fetched shoppers to online platforms.The new players have entered the e-tailing landscape to sell the products through e-tailing sites or portals.
Few portals offer door-to-door delivery, installation support, and free advice to customers worldwide, and provide support through products or services, and technical expertise.
The rising popularity of Amazon, eBay, and Rock Auto boosts the automotive aftermarket industry, with rising sales of the automotive afterparts. Presently, the e-commerce automotive aftermarket industry is going through a massive transformation.
Numerous transactions are carried out on the internet concerning sales and purchases of automotive and afterparts, including electrical and electronic products, engine components, pistons, infotainment multimedia, bearings, rings, tires, wheels, valves, filters, and interior accessories. Such transactions include both business-to-business and business-to-consumer sales.
In addition, the rising disposable income of consumers, growing penetration of smartphones and the internet, including government initiatives to encourage EV road traction, and the emergence of new players in the industry boost the automotive e-tailing industry.
The passenger cars followed by commercial vehicles, led by economic development, and the per capita income rise in emerging economies propel the sales of automotive parts on e-commerce platforms. Customers prefer to buy branded and genuine products for cars and two-wheeler, due to their longer life span and stability.
The rise in the worldwide GDP, with an increase in the per capita income, results in growing sales of automotive afterparts in emerging economies, such as India, China, and Brazil.Presently, numerous startups and the emergence of new industry players in the e-commerce industry results in surging automotive e-tailing.
Moreover, government initiatives in the form of financial assistance and favorable trade policies boost online sales of automotive products and services.
North America experiences high sales of tires and wheels through e-tailing. In addition, the wide range of products, timely delivery, and hassle-free transaction propels the sale of automotive parts online. Furthermore, the presence of numerous e-retail players boosts the sales of the automated component on the portal, resulting in industry expansion.
In addition, the presence of global automotive companies, including, Walmart, and Amazon in emerging countries boost the sales of automotive parts online. Supportive government policies and 100% FDI offers new opportunities for companies to invest in emerging economies, including Brazil and India.
Browse Full Report Automotive E-Tailing Market Revenue and Demand