Global Automotive E-Commerce Market driven by the growing digitization of platfoPosted by Preeti on January 25th, 2021 Business Review In its research report, Market Research Future (MRFR), highlights that the global automotive e-commerce market for generators 2020 is projected to rise exponentially over the forecast period, thereby ensuring significant market valuation and a healthy CAGR over the review period. Drivers and Restraints The automotive e-commerce market is driven by several factors, such as the aging car fleet, the growth of the global e-commerce industry, and the digitisation of platforms and applications. Factors such as higher transparency in prices and greater diversity in components also support its growth. Rising internet penetration, per capita consumer income and the number of online shoppers are also contributing to the rise. The growing impact of digital transformation also reshapes the global car industry. There is also a progressive transition from traditional legacy systems to the modern world powered by Big Data, Predictive Analytics, Innovation and IoT. Digitalization allows players on the aftermarket to further increase the value of the automotive aftermarket as networking lets them get closer to the end user and produce big data. In the first quarter of 2020, the automobile industry was experiencing a sharp decline in vehicle sales due to shutdowns in most nations coupled with an oil price battle. Major OEMs in the automotive sector have practiced different approaches to minimize the effect of the pandemic on their company by taking inventory from their dealerships and assessing to open up market and restart services. A sudden and serious effect In the global automotive industry, the COVID-19 pandemic has been observed with related symptoms such as the closure of assembly plants in the US, a decline in exports of Chinese parts and large-scale manufacturing interruptions throughout Europe. This pandemic has created strong competition and pressure on an industry that is already coping with a downward shift in global demand, likely to increase mergers & acquisitions. Get a FREE Report Sample - https://www.marketresearchfuture.com/sample_request/4682 Segmental Analysis The segmentation of the global automotive e-commerce market comprises components, vehicle type, and consumer. By components, the market has been segmented into infotainment and multimedia, engie components, tires and wheels, interior accessories, and electrical products. By vehicle type the market has been segmented into passenger vehicles, and commercial vehicles. The consumr segment comprises b2b and b2c. Regional Evaluation The global business regional analysis was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world.The growth of the automotive e-commerce market is projected to dominate Europe area over the forecast period. Because of the rise in e-commerce Europe is one of the main markets for automotive e-commerce. The use of e-commerce provides a greater degree of versatility and cost-customization by automotive product purchasers. Consumers' that tendency to cross-border online shopping reflects a rising awareness that purchasing from another country, where the cost is low, will mean lower prices and a wider variety of goods or brands. As a medium, the internet can greatly benefit from the increasing customer understanding of cross-border shopping due to its immediate advertisement potential and the ease and speed at which companies can sell their goods at the best price. Asia Pacific is a key market, owing to the region's major e-commerce players including Alibaba Group, Amazon.com, Flipkart Internet Private Limited and E-bay Inc. Initiatives like Digital India, and alliances between providers of e-commerce sites and brick & mortar stores, are expected to further boost the market. The growth of the Asia Pacific automotive parts manufacturing industry is driven primarily by the growing automotive manufacturing industry , especially in countries such as China, Korea and India. The region's lucrative automotive industry is driving the growth of Asia Pacific 's online automotive parts and components market. The market 's major players in the e-commerce automotive aftermarket focus primarily on differentiating goods and services to improve their consumer traction. Major manufacturers of automotive parts are now adopting the online platforms to boost their customer base. The industry players also support the online distribution platform for producing higher revenues. Competitive Analysis The key market players operating in the global market as identified by MRFR are Taobao (China), eBay Inc. (U.S.), Amazon.com, Inc. (U.S.), Tmall.com (China), and Alibaba Group Holding Limited (China). Wal-Mart Stores, Inc. (U.S.), Denso Corporation (Japan), JD.com, Inc. (China), Snapdeal (India), and American Tire Distributors Holdings, Inc.(U.S.) are among some others. Get a FREE Report Sample - https://www.marketresearchfuture.com/sample_request/4682 Key Questions Addressed by the Report
TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 2 SCOPE OF THE REPORT 2.1 MARKET DEFINITION 2.2 SCOPE OF THE STUDY 2.2.1 DEFINITION 2.2.2 RESEARCH OBJECTIVE 2.2.3 ASSUMPTIONS 2.2.4 LIMITATIONS 2.3 RESEARCH PROCESS 2.3.1 PRIMARY RESEARCH 2.3.2 SECONDARY RESEARCH 2.4 MARKET SIZE ESTIMATION 2.5 FORECAST MODEL
3 MARKET LANDSCAPE 3.1.1 THREAT OF NEW ENTRANTS 3.1.2 BARGAINING POWER OF BUYERS 3.1.3 THREAT OF SUBSTITUTES 3.1.4 SEGMENT RIVALRY 3.1.5 BARGAINING POWER OF BUYERS 3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS 4.1 INTRODUCTION 4.2 MARKET DRIVERS 4.3 MARKET RESTRAINTS 4.4 MARKET OPPORTUNITIES 4.5 MARKET TRENDS 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 Edibles. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Media Contact Like it? Share it! More by this author |