Pune, India, December, 2017/MRFR Press Release/- Market Research Future published a half Cooked                                 research report on “Global Automotive E-tailing Market Research Report - Forecast to 2022”  – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022
Automotive E-tailing Market– Overview The automotive e-tailing market is undergoing various changes with evolving customer expectations, acceleration of technological innovation, and shifts in competitive power. New technologies and major shifts in the aftermarket industry will be crucial factors for the players in order to maintain strong positions in the years to come.The automotive e-tailing market is driven by various factors such as aging vehicle fleet, digitization of channels and interfaces, growth of global e-commerce industry and higher price transparency and greater diversity of parts is driving the growth of the automotive e-tailing market. However, Identification of the damaged parts and installation of the online purchased parts are expected to hinder the market growth.Digital channels are gaining increasing importance in customer’s research and purchase processes, both in developed and emerging markets. Customers are showing their interest towards online communities and reviews, among other digital platforms, with the objective of improving their purchasing decisions. Multiple platforms for online parts sales exist already. With a shorter value chain the margin of distributors and middlemen will be divided among customers, parts manufacturers, and online players.
Key Players:
Advance Auto Parts, Inc. (U.S), Delticom AG (Germany), eBay Inc. (U.S), Rock Auto LLC. (U.S), Genuine Parts Company (U.S), CARiD.com (U.S), O'Reilly Auto Parts (U.S), AutoZone, Inc. (U.S), JEGS High Performance (U.S) and K&N Engineering, Inc. (U.S) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive E-tailing Market.
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Automotive E-tailing Market– Competitive AnalysisWith the objective to actively participate in the growth of online business, e-tailors need to develop and adopt innovative strategies for addressing the needs of different customers. Of late, e-tailors are collaborating with parts and repair information systems for promoting their automotive e-commerce business.The market has seen a substantial growth over the past few years and it has been experienced that the market will remain on the same growth level till forecast period. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The Market is witnessing intensified competition which is expected to get more intensified further during the forecast period.The key players adopted various strategies to retain and/or expand their market share. The key strategies followed by most companies within the global automotive e-tailing market were those of entering into partnerships.
Industry/ Innovation/ Related News:
Dec, 2017 - Openbay entered into partnership with eBay Motors to provide the availability of millions of searchable automotive parts and accessories for its online marketplace for auto repair and service. Powered by eBay Motors, businesses can research, source and acquire automotive parts directly through the Openbay dashboard.
Sep, 2017- Genuine Parts Company and Alliance Automotive Group, entered into a definitive agreement under which Genuine Parts Company will acquire Alliance Automotive Group from private equity funds managed by Blackstone and AAG's co-founders. The acquisition is valued at a total purchase price of ~ USD 2 billion, an amount that includes the repayment of AAG's outstanding debt upon closing.
Oct, 2017 - Genuine Parts Company acquired for its U.S. Automotive Parts Group. The company aims to Expands U.S. Automotive Footprint with Acquisition of Monroe Motor Products. The addition of Monroe consolidates the U.S. Automotive operations and is expected to generate approximate annual revenues of $25 million.
Automotive E-tailing Market– Segmentation
The Automotive E-tailing Market can be segmented in to three key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Vendor Type - OEM Vendor, Third Party Vendor
Segmentation by Components - Electrical & Electronics, Chassis, Powertrain, Interior, Exterior and infotainment & multimedia
Segmentation by Vehicle - Commercial Vehicles, Non Commercial Vehicles
Segmentation by Regions - North America, Europe, APAC and Rest of the World.
Automotive E-tailing Market– Regional Analysis
North America leads the global automotive E-tailing Market.  Factors driving the growth of this industry are the increasing sales of new automobiles, gradual shift in the trend from light combustion vehicles to hybrid electric vehicles, technological advancements, and the changes in interest rates & oil prices. The auto parts sector is expected to see significant growth as automakers continue to expand in US and Mexico.Asia Pacific region is expected to grow with the highest CAGR over the forecast period. The development of the auto parts manufacturing industry in Asia Pacific is primarily driven by the growing automobile manufacturing industry, especially in countries, such as China, Korea, and India. The huge auto industry of the region is driving the growth of the online automotive parts and components market in Asia-Pacific.
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