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