Automotive E-Commerce Market By Vehicle Type (Commercial Vehicles and Passenger Vehicles), Components (Engine Components, Electrical Product, Tires And Wheels, Infotainment And Multimedia and Interior Accessories) and Consumer (B2C and B2B) - Global Industry Analysis And Forecast To 2025
The e-commerce solution is the action of selling or buying of different products on the services online or through the Internet. E-commerce draws on the advancements, for example, electronic funds transfer, mobile commerce, production network administration, online transaction processing, Internet marketing, electronic data interchange (EDI), automated data collection, and inventory management systems. The managing and displaying substantial automobile parts inventories may be overpowering. More purchasers are expecting the comfort and effortlessness of the ordering on the web rather than conventional catalogs. E-Commerce arrangements are worked to help meet the rare e-Commerce, inventory management and order management requirements. Therefore, the Automotive E-Commerce Market is anticipated to expand and has tremendous scope during the forecast period. The global Automotive E-Commerce Market anticipated to flourish in the future by growing at a significantly higher CAGR.
Drivers & Restrains
The driving factors of the market are; the rising e-commerce sector across the globe, increasing digitization of interfaces & channels, the transparency in the price of the products, wide range of brans & products available, rising demand for internet usage, increasing per capita income of individuals across the globe, increasing number of the shoppers shopping online, rising digitization in the field of automotive sector, rising utilization of systems like predictive analytics, mobility, IoT & big data and various other factors. The restraining factors of the market are the various options available for payment, also the damaged products delivered, etc.
The European region is leading the global Automotive E-Commerce Market owing to; increasing e-commerce sector, increasing demand of consumers for across the globe online shopping, lower cost offered for the products, more number of products & brands available, etc.
Automotive E-Commerce Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Alibaba Group Holding Limited
Wal-Mart Stores, Inc.
American Tire Distributors Holdings, Inc.
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?