E-tailing is the
process of buying and selling goods through the internet. The process includes
selling goods from the B2C method. The implementation of E-tailing in the
automotive sector is massively growing due to the rise in demand for
components. It has driven the sales of automobiles globally. This technology
has boosted the convenience of online shopping platforms and products available
in a wide range. Due to these factors, the Automotive E-tailing Market is emerging at a higher pace.
The higher investment
in e-commerce platforms is acting as a major driving of the market. Factors
such as awareness of security concerns and the risk of security breaches
restrict the market's growth. But there are growth factors that are
accelerating its demand. Higher usage of the internet, increased rate of the
vehicle user population, availability of cheaper automotive components, and the
rise in demand for omnichannel insights are the key drivers of the market.
The awareness and
inclination toward using the internet and convenient online shopping mode
accelerate the Automotive E-tailing
Market.
The growth opportunities are fueling the market's demand. The rise in
vehicle-age circulation increased the sales rate of passenger cars, and higher
investment in e-commerce platforms is upbringing massive growth
opportunities.During the pandemic period, the Automotive E-tailing Market faced challenges when negative factors
restricted the growth rate. The market noticed a sharp drop due to the lockdown
impact.
Request Free Sample of Report of e-tailing market
Industry News
In May 2018, Walmart Inc. made an agreement to
be the greatest shareholder in Flipkart. The company announced its investment
would benefit India by providing high-quality and affordable goods for
customers for creating new skilled jobs and opportunities for suppliers.
E-tailing Market 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)
- K&N Engineering Inc. (U.S)
In most of the major
regions, it faced growth restrictions. But in the further days of the pandemic,
the market noticed a steady growth rate when the e-commerce platforms enhanced.
In the post-pandemic period, the market is estimated to witness significant
growth in the review period. The presence of major growth opportunities is
accelerating the market's demand.
The Automotive E-tailing Market is estimated to reach a CAGR of approximately
12 % and a value of USD 55.22 Billion by 2022 to 2030.
E-tailing
Market Segmentation
The Automotive E-tailing Market is
segmented into vendor type, components, and vehicles.
The vendor type
segment is fragmented into OEM vendors and third-party vendors. The component
segment is classified into Electrical and Electronics, Chassis, and Powertrain.
The vehicles section
is categorized into commercial vehicles and non-commercial vehicles.
E-tailing
Market Regional Analysis
According to the
geographical update of the Automotive
E-tailing Market, it covers the major regions such as the Americas,
including North America and Latin America, Asia Pacific, Europe and the Middle
East and Africa.
The Asia Pacific is
estimated for the largest market size, and it is estimated to lead the market
in the forecasted period. The region is emerging due to the increase in
internet penetration and the increased adoption rate of newer technologies like
smartphones in this region. Emerging economies such as China, Japan, and India
highly contribute to the market's growth. Other regions will also estimate a
significant market value in the coming years.
Check our more reports of automobile!
Automotive Junction Box Market
.png)
.png)
No comments:
Post a Comment