The global e-commerce automotive aftermarket is largely consolidated with the presence of a few key companies that hold majority of the market share, states Transparency Market Research in a new report. The market also features the presence of numerous small and medium players that operate in regional and local markets through several platforms such as aggregated service portals or marketplace.
Some of the key participants in the global e-commerce automotive aftermarket include Advance Auto Parts, Amazon Inc., National Automotive Parts Association, Pep Boys, EBay Inc., Cdiscount, ERA SPA, AliExpress, O’Reilly Automotive Inc., Shopee365, Alibaba Group, AutoZone Inc., DENSO Corporation, U.S. Auto Parts Network Inc., Rakuten Commerce LLC, Das Ersatzteil GmbH, CATI SpA, DNABER Auto Parts, Q-Parts 24, and LKQ Corporation.
The increasing number of e-commerce platforms and rising collaboration between e-commerce platform providers and brick & mortar stores is one of the prominent factors driving the e-commerce automotive aftermarket over the report’s forecast period.
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E-commerce automotive aftermarket is an online platform for selling auto parts to do-it-yourself customers and service professionals. The aftermarket covers all automotive spare parts, accessories, equipment, and services to automobiles that are either new or are procured from used vehicles and are available for sale.
Another prominent factor growth driver of the e-commerce automotive aftermarket is e-tailers acting as service aggregators to provide price and quality assurance to customers. E-commerce platforms are increasingly being opted by customers due to the availability of multiple brands at competitive prices, and also because the platform serves product specifications and varied product requirement of customers. Owing to this, service aggregator e-commerce platforms is likely to stoke the growth of e-commerce automotive aftermarket.