The automotive e-tailing market is estimated to be worth US$ 76.4 billion in 2024 and is projected to be valued at US$ 268 billion by 2034. Between 2024 and 2034, the market is predicted to rise at a CAGR of 13.4%. Increasing internet penetration worldwide provides a broader consumer base with access to online platforms, facilitating the growth of e-tailing in the automotive sector.
The automotive industry's ongoing digital transformation involves the adoption of online platforms for various aspects of the buying process, contributing to the growth of e-tailing. E-tailing offers consumers a convenient and time-efficient way to browse, compare, and purchase automotive products without the need to visit physical stores.
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The prevalence of smartphones and the rise of mobile commerce enable consumers to shop for automotive products using mobile devices, contributing to the market's growth.
E-tailers provide a wide range of automotive products, including original equipment manufacturer (OEM) parts, aftermarket accessories, tools, and maintenance items, meeting the diverse needs of vehicle owners. Growing environmental awareness leads to increased demand for eco-friendly automotive products, often available through e-tailing platforms, contributing to market growth.
Key Takeaways from the Market Report
From 2019 to 2023, the automotive e-tailing market expanded at a CAGR of 16.9%.
Based on vehicle type, the passenger vehicle segment is expected to rise at a CAGR of 13.2% from 2024 to 2034.
The automotive e-tailing demand in China is predicted to grow at a CAGR of 13.9% through 2034.
In the United States, the automotive e-tailing industry is estimated to register a CAGR of 13.7% from 2024 to 2034.
The United Kingdom is projected to expand by a value CAGR of 14.7% between 2024 and 2034.
The automotive e-tailing market in Japan is anticipated to record a CAGR of 14.9% during 2034.
“The automotive e-tailing market is being propelled by increasing convenience of shopping online for automotive products, including parts, accessories, and tools.” - Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)
Competitive Landscape
Market participants in the automotive e-tailing sector are actively engaging in collaborations with original equipment manufacturers (OEMs), aftermarket suppliers, and various industry stakeholders to broaden their product portfolios, ensuring a diverse and comprehensive inventory.
Strategic partnerships with logistics firms have been established to optimize supply chain operations, guaranteeing efficient management and timely deliveries. These players are committed to providing an expansive and varied product catalog, encompassing a wide array of automotive parts, accessories, and tools to cater to the diverse needs of their customers.
eBay's automotive category allows sellers to list new and used automotive parts and accessories for buyers to purchase through an auction or fixed-price format.
Continental is a major automotive supplier known for tires, electronics, and other components. Continental's products are available through various channels, including e-tailing platforms.
Delticom is a European e-commerce company specializing in tires and automotive accessories. Delticom operates online tire shops and automotive e-tailing platforms.