April 01, 2021
According to the latest study titled ‘North America E-commerce Automotive Aftermarket Size, By Product, E-commerce Retail, Consumer, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026, By Country, Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026A’, available with Market Study Report, North America e-commerce automotive aftermarket is anticipated to showcase lucrative growth trends during 2020-2026.
Consumer preference for pre-owned vehicles, as well as rising popularity of DIY (do it yourself) trend, and increasing penetration of online shopping owing to convenience are primarily driving the growth of North America e-commerce automotive aftermarket.
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Moreover, booming sales of vehicles ranging from electric cars, hybrid, and gas based vehicles for their energy-efficiency, in consort with extensive usage of mobiles over laptops with high speed internet for shopping online are augmenting the market outlook.
Notably, enhanced data security, prevalence of offers & discounts on e-wallets, and simplified payment methods are attracting customers to opt for online automotive aftermarket, whereas retailers are integrating novel payment methods to their website to smoothen checkout process. Besides, supportive yet strict e-commerce policies will augment the growth of North America e-commerce automotive aftermarket expansion.
Speaking of retail type, third party retailers segment of North America e-commerce automotive aftermarket is projected to grow with a CAGR of 13.5% through 2026, on account of improved cognizance about benefits of predictive maintenance of vehicles, which results in superior vehicle performance, higher repair cost savings, and reduced number of major breakdowns.
Considering product terrain, gasket segment is slated to rise at 12% CAGR over the analysis timeframe. Gaskets are employed to keep out dust, air, water, and electromagnetic interferences from automobile and protect sensitive electronics. Adoption of fiberglass reinforced material gaskets for better tear resistance, and replacement of worn-out components will further boost the demand for gasket in e-commerce automotive aftermarket.
Major contenders in North America e-commerce automotive aftermarket are U.S. Auto Parts Network Inc. (CarParts.com), NAPA Auto Parts, Bosch Group, DENSO Corp., AutoZone Inc., eBay Inc., Advance Auto Parts Inc., Alibaba Group, and Amazon.com Inc.