Global E-Tailing Industry Expected to Garner a CAGR of 12%

Summary

Global E-Tailing Industry Information Report by Vendor Type (OEM Vendor, Third Party Vendor), by Components (Electrical & Electronics, Chassis, Powertrain), by Vehicles (Commercial Vehicles, Non Commercial Vehicles) and by Region - Global Forecast to 2022

E-Tailing Industry Overview

E-tailing is one of the fastest growing distribution channel in the entire automotive industry. The E-Tailing Industry is expanding at a brisk pace and is slated to continue in the coming years as well. The growth of the market is calculated and assessed by the team of Market Research Future (MRFR). Their published report states that the global E-Tailing Industry is expected to reach a valuation of USD 55.22 billion by the end of the forecast period in 2022. The growth in market is expected to at a CAGR of 12% from 2016 to 2022 (forecast phase).

An increasing number of businesses are nowadays deploying e-commerce as a tool to accelerate their sales and revenue, and the automotive sector is certainly one amongst them. Automotive e-tailing is known as the sale of automotive goods and components through various electronic media. The global E-Tailing Industry is slated to grow in a profound fashion in the near future. The factors identified as the primary driver of the market are the increasing ecommerce platform and collaboration between companies and e-commerce providers. The easy mode of online shopping and payment and the availability of a vast pool of automotive products like interior accessories, infotainment systems, engine parts, tires-wheel, and electrical components aids the overall growth of the market. The fast-paced expansion of the automotive industry across emerging nations also helps steer the growth of the market. Add to this, factors like feature comparison, customer reviews, and the availability of goods at a discounted rate also help boost the market growth of automotive e-tailing.

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Competitive Landscape

The global E-Tailing Industry comprises a host of key players, both small and large. Some of them identified by MRFR are as follows: Delticom AG (Germany), eBay Inc. (U.S), Advance Auto Parts, Inc. (U.S), JEGS High Performance (U.S), Genuine Parts Company (U.S), Rock Auto LLC. (U.S), AutoZone, Inc. (U.S.), O'Reilly Auto Parts (U.S), CARiD.com (U.S), K&N Engineering, Inc. (U.S) and others.

Automotive E-tailing Market Segmentation

The global E-Tailing Industry segmentation is done on the basis of component, vendor type, and vehicles.

By vendor type, the market segments into OEM vendor and third-party vendor.

By component, the market divides into chassis, electrical & electronics, and powertrain.

By vehicles, the market segments into non-commercial and commercial cars.

Regional Analysis

The global E-Tailing Industry covers a range of regions, namely South America, Europe, North America, Europe, Middle East & Africa, and Asia Pacific.

Among these mentioned regions, the Asia Pacific regional market holds the highest share of the global market. This is due to the increasing penetration of the internet herein and the prevalent use of smartphones in the region. Both China and India are the major contributors of the region due to the high population of the vehicle. Aside from Asia Pacific, North America regional market is also consolidated owing to the high inclination towards e-tailing herein.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.