Automotive e tailing Market

1
Global Automotive E-Tailing Market to Reach 59.5
Billion by 2023
2
Global Automotive E-Tailing Market
According to a new market research report Global
Automotive E-Tailing Market Size, Share,
Development, Growth and Demand Forecast to 2023 -
Industry Insights by Vendor type (OEM and Third
Party), Product Label (Genuine Label and
Counterfeit Label Product), Components (Tires and
Wheel, Infotainment and Multimedia, Interior
Accessories, Electrical and Electronics and
Powertrain), Application (Passenger cars
Commercial vehicles and Two-Wheelers) published
by PS Market Research, the global automotive
E-Tailing market is projected to reach 59,485.0
million by 2023, growing at a CAGR of 13.1
during the forecast period (2017 - 2023). Browse
Report Description at https//www.psmarketresearc
h.com/market-analysis/automotive-e-tailing-market
3
Global Automotive E-Tailing Market
Global automotive E-Tailing market worth
26,064.0 million in 2016
As per the research, the global automotive
E-Tailing market high is likely to grow from
26,064.0 million in 2016 to 59,485.0 million by
2023. The rapidly growing automotive industry
especially in emerging economies of Asia-Pacific,
Africa and Latin America is generating
significant demand for automotive E-Tailing. The
automotive E-Tailing market offers a wide range
of automotive components including infotainment
systems, interior accessories, engine parts,
tires-wheel, and electrical components. The
E-Tailing market offers easy and hassle-free
transactions as it includes various global and
established players such as Alibaba, Amazon,
AutoZone and eBay that is supporting positive
growth in the market. E-Tailing is at the
emerging stage in the developing markets such as
India and Brazil, whereas the market is already
growing significantly in countries such as the
U.S., the U.K., and Germany due to high adoption
E-Tailing by end users and availability of large
number of seller.
4
Global Automotive E-Tailing Market
Insights on market segments
As per the findings of research, the global
automotive E-Tailing market has been segmented
into different component which include
infotainment system, interior accessories, engine
parts, tires and wheels, and electrical products.
The tire and wheel segment held the largest share
in the global automotive E-Tailing market in
2016. The major factors driving the growth of the
E-Tailing market is growing adoption of online
shopping for automotive components by the
end-users along with the availability of wide
range of product at discounted price.
5
Global Automotive E-Tailing Market
Asia-Pacific stands as the largest region for
global automotive E-Tailing market
In 2016, Asia-Pacific dominated the global
automotive E-Tailing market with over 44 share.
The Asia-Pacific E-Tailing market is expected to
grow at a CAGR of 13.7 supported by the largest
market in China followed by India and Japan in
during the forecast period. Such growth is likely
to be driven by increase in GDP and rapid
economic growth in developing countries such as
India and China. Additionally, growing number of
new players and startups are entering in the
Asia-Pacific market and selling their products in
Tier-I cities. The trend for online shopping has
increased in recent years and the new and the
established players are leveraging the positive
growth in the automotive E-Tailing market.
Moreover, the government is supporting the
startups and providing them financial assistance
and easy funding policies. Additionally, the
European market for automotive E-Tailing is
expected to grow at a significant CAGR during the
forecast period, owing to growing number of
internet users and increasing number of component
suppliers in in developed countries such as
Germany and the U.K. Moreover, the North American
E-Tailing market is dominated by the U.S., which
is growing at the highest CAGR due to wide number
of stores offering product and services online.
6
Global Automotive E-Tailing Market
Growing demand of passenger and commercial
vehicles worldwide
The major factor driving the growth of the market
is the growing demand of passenger and commercial
vehicles globally. Growing countries such as
China and India have showcased the rapid vehicle
production, which has increased rapidly over the
past five years and the trend is likely to
continue during the forecast period. In 2016,
growth in sales of passenger vehicles in India
was the fastest among the eight largest auto
markets worldwide. In 2016, the outlook In the
North America including the U.S. and Canada
remained promising and achieved considerable
growth in sales and without any overriding
concern of a slow down on the horizon in either
markets. Rest of the world including Iran,
Australia and the Middle-east countries have
showcased global traction in the recent time and
is expected to remain at a forefront of market
due to which many OEMs continue to explore local
manufacturing options in these countries which
will drive the global automotive E-Tailing market.
7
Global Automotive E-Tailing Market
The market is dominated by organized players
The research states that the global automotive
E-Tailing market had a consolidated structure in
2016 that was dominated by organized players.
Some of the key players in the global automotive
E-Tailing market include Advance Auto Parts,
Alibaba Group Holding Limited, Amazon.com Inc.,
Delticom AG, OReilly Auto Parts, Flipkart and
eBay. Expansion and strategic partnerships have
been the key strategies in the global automotive
E-Tailing market which is driving the global
automotive E-Tailing market. For instance, in May
2017, Amazon announced plans to expand its
research and development center in Cambridge, the
U.K. The company is planning to increase the
employee strength to 1,500 by the end of 2017.
Earlier in April 2017, Walmart announced plans to
increase its number of stores from 21 to 50 in
India. The company announced plans expand the
stores over a period of next three years. Walmart
will open 10 new stores in Telangana for which
Walmart India has signed a Memorandum of
Understanding (MoU) with the Telangana government.
8
Global Automotive E-Tailing Market
Download report sample at
https//www.psmarketresearch.com/market-analysis/a
utomotive-e-tailing-market/report-sample
9
GET IN TOUCH
THANK YOU!
For information regarding permissions and other
queries Kindly write to
US/Canada Toll-Free 1-888-778-7886