Global Automotive E-Commerce Market Flourishes Relentlessly; Asserts MRFR Unleashing Industry Forecast Up To 2023

Pune, India, December 26, 2017/MRFR Press Release/- Market Research Future published a half Cooked research report on “Global Automotive E-Commerce Market Research Report - Forecast to 2023”  – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

Amazon.com, Inc. (U.S.), Taobao (China), eBay Inc. (U.S.), Tmall.com (China), Alibaba Group Holding Limited (China), Wal-Mart Stores, Inc. (U.S.), Snapdeal (India), JD.com, Inc. (China), Denso Corporation (Japan) and American Tire Distributors Holdings, 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-Commerce Market.

Automotive E-Commerce Market – Overview

The automotive e-commerce market is undergoing through 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-commerce 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-commerce market. However, Identification of the damaged parts and installation of the online purchased parts are expected to hinder the market growth.

Based on products, the steering and suspension system is expected to grow the highest. Steering system works with the suspension system to provide directional control with a comfortable degree of steering effort. The steering system consists of a steering gear, steering linkage, a steering column and a steering wheel. The suspension system supports the vehicle, allowing the wheels to move up and down over irregularities in the road. It cushions the ride for the frame, engine, transmission, and passengers, while keeping the tires in firm contact with the road under all conditions. Suspension system parts include springs, dampening devices (shocks), ball joints, steering knuckles, and spindles or axles.                                                                                                                                                                            

Automotive E-Commerce Market – Competitive Analysis

The global ecommerce market is in a state of both expansion and consolidation. More consumers are buying digitally, and worldwide retail ecommerce sales are rising. At the same time, major international players like Amazon and Alibaba are widening their reach by buying up smaller local platforms, especially in flourishing ecommerce markets. The leading e-commerce platforms include US-founded Amazon and Asian competitors such as Rakuten or Alibaba among others.

The increasing influence of digital transformation is also reshaping the global automotive industry. Automotive aftermarket is also experiencing gradual shift from traditional legacy systems to the digitalized world powered by Big Data, Predictive Analytics, Mobility and IoT.

Browse Report @ https://www.marketresearchfuture.com/reports/automotive-ecommerce-market-4682

Industry/ Innovation/ Related News:

December 2017- Ford is expected to sign a deal with China’s Alibaba Group which will allow the carmaker to test selling cars to Chinese consumers via Alibaba’s online retail arm- Taobao Mall. There will be an “auto vending machine” store concept.  Consumers can use their phones to browse the cars in the garage, before choosing to either test drive it or buy immediately.

Apr, 2012 - eBay Inc. has completed its acquisition of WHI Solutions, a provider of software and digital catalog solutions for auto parts distributors and retailers. eBay gained expanded selection and access to enhanced structured data which will enable eBay Motors to improve parts selection and value for customers while enabling parts retailers, distributors, dealers, and manufacturers to reach more customers.

Automotive E-Commerce Market – Segmentation

The Automotive E-Commerce Market can be segmented in one key dynamics for the convenience of the report and enhanced understanding

Segmentation by Product - Braking, Steering & Suspension, Universal Joints, Gaskets, Wipers, Filters, Lighting & Spark Plugs, Wheels and Tires

Segmentation by Regions: North America, Europe, APAC and Rest of the World.

Automotive E-Commerce Market –

Regional Analysis

North America region is expected to dominate the growth of the global automotive e-commerce market. North America leads the global e-commerce automotive aftermarket. Many brick and mortar stores in the region leverage third party e-commerce platform to sell their products along with their own e-commerce portal. The auto parts sector is expected to see significant growth as automakers continue to expand in US and Mexico. The automotive parts and equipment manufacturing industry is sensitive to general economic conditions. Other 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.

Asia Pacific region is expected to grow with the highest CAGR in the automotive e-commerce market 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. Asia Pacific is a key market, owing to major e-commerce players in the region, such as Amazon.com, Alibaba Group, Flipkart Internet Private Limited, and E-bay Inc.