North America E-Commerce Automotive Aftermarket Market
No. of Pages: 128 | Report Code: BMIRE00026330 | Category: Automotive and Transportation
No. of Pages: 128 | Report Code: BMIRE00026330 | Category: Automotive and Transportation
The North America e-commerce automotive aftermarket market is expected to reach US$ 57,150.46 million by 2028 from US$ 20,695.13 million in 2022; it is estimated to grow at a CAGR of 18.4% from 2022 to 2028.
The significance of control over sales channels and transaction pricing has increased dramatically for automakers, based on observations in other industries, such as fashion and fast-moving consumer goods (FMCG). The automotive aftermarket industry's B2C segment accounts for the majority of purchases completed on e-commerce platforms. The B2C segment controls ~85–90% of the e-commerce industry. Owing to the increased customer knowledge of periodic maintenance, convenience, and extra services, the B2C sector significantly contributed to the North America e-commerce automotive aftermarket market. Also, simple payment choices, large savings on bulk purchases, and doorstep delivery of heavy components can reduce logistical expenses over alternatives such as the B2B. Consumer awareness related to these benefits boost the market for the B2C segment. Consumer buying habits are shifting from traditional brick-and-mortar stores to online platforms, accelerating the growth of the market.
North America E-Commerce Automotive Aftermarket Market Segmentation
The North America e-commerce automotive aftermarket market is segmented into product type, consumer type, and country. Based on product type, the market is segmented into braking, steering & suspension, hub assemblies, universal joints, gaskets, filters, spark plug, and others. The others segment led the North America solar inverters market with the largest market share in 2022. The braking segment is further sub segmented into brake pads, hydraulics & hardware, and rotor & drum. The steering & suspension segment is further sub segmented into ball joints, tie rods, sway bar links, bearings/seals, and others. Based on consumer type, the market is bifurcated into B2B and B2C. The B2C segment led the North America e-commerce automotive aftermarket with a larger market share in 2022. By country, the North America e-commerce automotive aftermarket market is segmented into the US, Canada, and Mexico. The US segment led the North America e-commerce automotive aftermarket market with the largest market share in 2022.
The key companies operating in The North America E-commerce Automotive Aftermarket Market are Alibaba Group Holding Limited; Amazon.com, Inc.; AutoZone, Inc.; eBay Inc.; LKQ Corporation; The Pep Boys; CarParts.com, Inc; and Denso Corporation. Several companies are functioning in the market and contributing substantial revenues toward The North America e-commerce automotive aftermarket market growth.
Strategic insights for the North America E-Commerce Automotive Aftermarket provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 20,695.13 Million |
Market Size by 2028 | US$ 57,150.46 Million |
Global CAGR (2022 - 2028) | 18.4% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America E-Commerce Automotive Aftermarket refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Alibaba Group Holding Limited.
Amazon.com, Inc.
AutoZone,Inc.
eBay, Inc.
LKQ Corporation.
The Pep Boys.
Carparts.com.
Denso Corporation.
The North America E-Commerce Automotive Aftermarket Market is valued at US$ 20,695.13 Million in 2022, it is projected to reach US$ 57,150.46 Million by 2028.
As per our report North America E-Commerce Automotive Aftermarket Market, the market size is valued at US$ 20,695.13 Million in 2022, projecting it to reach US$ 57,150.46 Million by 2028. This translates to a CAGR of approximately 18.4% during the forecast period.
The North America E-Commerce Automotive Aftermarket Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America E-Commerce Automotive Aftermarket Market report:
The North America E-Commerce Automotive Aftermarket Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America E-Commerce Automotive Aftermarket Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America E-Commerce Automotive Aftermarket Market value chain can benefit from the information contained in a comprehensive market report.