E-Commerce Automotive Aftermarket Market Size Worth $160.98Bn, Globally, by 2028 – The Insight Partners

 

The e-commerce automotive aftermarket market is expected to grow from US$ 57.30 billion in 2022 to US$ 160.98 billion by 2028. It is estimated to grow at a CAGR of 18.8% from 2022 to 2028.

 

New York, July 13, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “E-Commerce Automotive Aftermarket Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type [Braking (Brake Pads, Hydraulics & Hardware, and Rotor & Drum), Steering & Suspension (Ball Joints, Tie Rods, Sway Bar Links, Bearings/Seals, and Others), Hub Assemblies, Universal Joints, Gaskets, Filters, Spark Plug, and Others], and Consumer Type (B2B and B2C),” the global e-commerce automotive aftermarket market growth is driven by rising number of e-commerce providers and increased replacement rates boost B2C industry

 

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The European Union (EU) aims to eliminate road fatalities by 2022. People in France, Germany, and the UK can start new enterprises relating to automobile replacement parts because of a vast automotive ecosystem. The European Union (EU) established standards for e-commerce operations that require just the consent of the home state under the nation of origin, easing the process of establishing e-commerce-based businesses.

Furthermore, in Sweden, the Netherlands, and Denmark, a well-defined supply chain sector guarantees effective e-commerce activities, giving development opportunities for the e-commerce aftermarket. In April 2022, Alibaba Group, a Chinese multinational e-commerce platform, announced plans to expand Lazada, it's Southeast Asian subsidiary, to focus on local sellers in Europe. This is likely to help the e-commerce automotive aftermarket market in Europe during the forecast period.

 

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E-Commerce Automotive Aftermarket Market: Competitive Landscape and Key Developments

Alibaba Group Holding Limited; Amazon.com, Inc.; AutoZone, Inc.; Shopee365; CATI S.p.A.; eBay Inc.; LKQ Corporation; The Pep Boys; CarParts.com, Inc; and Denso Corporation are the key players profiled during the study. In addition to these players, several other essential market players were also studied and analyzed to get a holistic view of the global e-commerce automotive aftermarket market and its ecosystem.

In March 2022, DENSO Aftermarket, the aftermarket subsidiary of DENSO, prominent original equipment (OE) component manufacturer, won the coveted 2021 Supplier of the Year Award, awarded by GroupAuto International, a leading global buying organization.

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