The report "Automotive E-Commerce Market by Product (Braking, Steering & Suspension, Universal Joints, Gaskets, Wipers, Filters, Lighting & Spark Plugs, Wheels and Tires) and Region - Forecast To 2023", The Automotive E-Commerce market is projected to grow at a CAGR of 6.87% during the forecast period, and the market size is projected to reach $24 Million by 2023.
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Global Automotive E-Commerce Market Overview:
The global automotive e-commerce market is a very dynamic market and is expected to witness high growth over the forecast period. The global automotive e-commerce market is majorly driven by the growth of the e-commerce industry. The increase in the growth of e-commerce also indicates the rise in the acceptance of online shopping among people, which will drive the global automotive e-retail market.
The automotive e-commerce market is undergoing various changes with evolving customer expectations, acceleration of technological innovation, and shifts in competitive power. New technologies and major shifts in the aftermarket industry will be crucial factors for the players in order to maintain strong positions in the years to come. The global automotive e-commerce market has been segmented, based on products, of which the braking segment accounted for the largest market share of 28.9% in 2016. This segment is projected to grow at 7.55% CAGR during the forecast period. Filters segment stand at the second place, and are expected to grow further in the forecast period.
Global Automotive E-Commerce Market Regional Analysis:
North America leads the global e-commerce automotive aftermarket. Many brick and mortar stores in the region leverage third party e-commerce platform to sell their products along with their own e-commerce portal. The auto parts sector is expected to see significant growth as automakers continue to expand in the U.S. and Mexico. Moreover, Europe is one of the major markets for automotive e-commerce, propelled by the growth in e-commerce. The adoption of e-commerce ensures a greater degree of flexibility and customization spending by purchasers of the automotive components. The growing inclination of consumers toward cross border online shopping, highlights an increasing realization that buying from another country can provide lower prices and a wider range of products or brands.
Global Automotive E-Commerce Market Segmentation:
Automotive E-Commerce Market Segmentedon the basis of Product (Braking, Steering & Suspension, Universal Joints, Gaskets, Wipers, Filters, Lighting & Spark Plugs, Wheels and Tires) and Region.
Browse Complete Report on Automotive E-Commerce Market-Global Forecast to 2023 of 111 pages supported by tables and figures@ https://www.marketresearchfuture.com/reports/automotive-ecommerce-market-4682.
- Geographical analysis across 15 countries
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
The report for Global Automotive E-Commerce Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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