Growth Opportunities for eRetailing in the Automotive Aftermarket

Growth Opportunities for eRetailing in the Automotive Aftermarket

Emergence of the Online Channel in Mainstream Aftermarket to Catalyze Omnichannel Parts and Services Sales Globally

RELEASE DATE
28-Mar-2024
REGION
North America
Deliverable Type
Market Research
Research Code: K9FC-01-00-00-00
SKU: AU_2024_634
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Description

The automotive aftermarket parts trade is undergoing an evolution, largely influenced by the adoption of digital technologies. By 2030, approximately $153 billion in parts and accessories will be sold from the online channel worldwide, which represents significant penetration in most regional markets. Frost & Sullivan has been conducting research on this industry for many years, and this study is an update to the 2019 version that identified a lot of dynamics in the competitive landscape. Ever since, while the competitive scenario has not evolved much, adoption of the online channel has been significantly influenced post-COVID-19 pandemic.

Research Scope

The study aims to provide an update on the market for eRetailing in the automotive aftermarket business-to-consumer (B2C) channel, reflecting on the sector’s evolution after the COVID-19 pandemic. It does not cover eCommerce within the business-to-business (B2B) channel. The study period is 2020 to 2030.


Research Highlights

Research objectives include analyzing and estimating the market size for online sales of replacement parts and accessories in the automotive aftermarket. The study provides an understanding of industry trends influencing the outlook for online sales of parts and accessories. It provides an overview of recent developments in the aftermarket, indicating different patterns and trends across various regions. It compares regions and countries for growth opportunities based on prevailing sector dynamics that support the adoption of eRetailing in the automotive aftermarket.

Key Issues Addressed

  • What is the penetration of online retailing in the automotive aftermarket?
  • What is the long-term outlook for the penetration of eRetailing in different regions?
  • What are the penetration levels of online retailing in the automotive aftermarket in primary regions, and how will they evolve?
  • What are the new business models in aftermarket digitization?
  • How are the different market participants reacting to the increasing popularity of online channels?

Author: Anuj Monga

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on Electronic Retailing (eRetailing) in the Automotive Aftermarket

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Scope

Research Aim and Objectives

Key Questions This Study Will Answer

Channel Participant Definitions

Parts Category Definitions

Forecast Assumptions

Global eRetailing in the Automotive Aftermarket Snapshot

5 Big Predictions for Aftermarket eRetailing

Key Market Developments

Key Market Developments (continued)

Aftermarket eRetailing Purchase Channels

Key Competitors by Region

Global eRetailing Aftermarket Dashboard

Growth Drivers

Growth Restraints

Key Trends

Business Models

Digital Points Of Sale

Private Label Programs

Penetration Forecast

Regional Penetration

eRetailing Aftermarket Penetration Heatmap, 2023

Growth Outlook

Revenue Forecast

Revenue Forecast by Region

Revenue Forecast Analysis

Revenue in Select Regions by Parts Category

Penetration Outlook

Channel Participant Share

Parts Category Share

Percent Revenue Breakdown by Participant Type

Global Revenue Share

Growth Metrics

Key Findings and Outlook

Growth Metrics

Country Snapshot—US and Canada

Online Replacement Parts & Accessories Revenue

North American Aftermarket Ecommerce Landscape

Growth Metrics

Country Snapshot—UK

Online Replacement Parts & Accessories Revenue—UK

Country Snapshot—Germany

Online Replacement Parts & Accessories Revenue—Germany

Country Snapshot—France

Online Replacement Parts & Accessories Revenue—France

Country Snapshot—Italy

Online Replacement Parts & Accessories Revenue—Italy

Country Snapshot—Spain

Online Replacement Parts & Accessories Revenue—Spain

European Aftermarket Ecommerce Landscape

Growth Metrics

Country Snapshot—India

Online Replacement Parts & Accessories Revenue—India

Indian Aftermarket Ecommerce Landscape

Growth Metrics

Country Snapshot—China

Online Replacement Parts & Accessories Revenue—China

Chinese Aftermarket Ecommerce Landscape

China’s Leading Service Provider—Tuhu

Growth Metrics

Country Snapshot—Brazil

Online Replacement Parts & Accessories Revenue—Brazil

Country Snapshot—Mexico

Online Replacement Parts & Accessories Revenue—Mexico

South American Aftermarket eCommerce Landscape

Growth Opportunity 1—Private Labeling

Growth Opportunity 1—Private Labeling (continued)

Growth Opportunity 2—Online to Offline Integration

Growth Opportunity 2—Online to Offline Integration (continued)

Growth Opportunity 3—Customer Life Cycle Management

Growth Opportunity 3—Customer Life Cycle Management (continued)

The Last Word—3 Big Predictions

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

The automotive aftermarket parts trade is undergoing an evolution, largely influenced by the adoption of digital technologies. By 2030, approximately $153 billion in parts and accessories will be sold from the online channel worldwide, which represents significant penetration in most regional markets. Frost & Sullivan has been conducting research on this industry for many years, and this study is an update to the 2019 version that identified a lot of dynamics in the competitive landscape. Ever since, while the competitive scenario has not evolved much, adoption of the online channel has been significantly influenced post-COVID-19 pandemic.--BEGIN PROMO--

Research Scope

The study aims to provide an update on the market for eRetailing in the automotive aftermarket business-to-consumer (B2C) channel, reflecting on the sector’s evolution after the COVID-19 pandemic. It does not cover eCommerce within the business-to-business (B2B) channel. The study period is 2020 to 2030.

Research Highlights

Research objectives include analyzing and estimating the market size for online sales of replacement parts and accessories in the automotive aftermarket. The study provides an understanding of industry trends influencing the outlook for online sales of parts and accessories. It provides an overview of recent developments in the aftermarket, indicating different patterns and trends across various regions. It compares regions and countries for growth opportunities based on prevailing sector dynamics that support the adoption of eRetailing in the automotive aftermarket.

Key Issues Addressed

  • What is the penetration of online retailing in the automotive aftermarket?
  • What is the long-term outlook for the penetration of eRetailing in different regions?
  • What are the penetration levels of online retailing in the automotive aftermarket in primary regions, and how will they evolve?
  • What are the new business models in aftermarket digitization?
  • How are the different market participants reacting to the increasing popularity of online channels?

Author: Anuj Monga

More Information
Deliverable Type Market Research
Author Anuj Monga
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Automotive Aftermarket Industry
Keyword 2 Eretailing Trends
Keyword 3 Eretailing Industry Insights
Podcast No
WIP Number K9FC-01-00-00-00