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According to a new market research report published by P&S Intelligence, the global automotive E-Tailing market is projected to reach $59,485.0 million by 2023, growing at a CAGR of 13.1% during the forecast period (2017 u2013 2023).
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Automotive E-Tailing Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report 1 ©P&SIntelligence.Allrightsreserved
According to a new market research report published by P&S Intelligence, the global automotive E-Tailing market is projected to reach $59,485.0 million by 2023, growing at a CAGR of 13.1% during the forecast period (2017 – 2023). Global automotive E-Tailing market worth $26,064.0 million in 2016 As per the research, the global automotive E-Tailing market high is likely to grow from $26,064.0 million in 2016 to $59,485.0 million by 2023. The rapidly growing automotive industry especially in emerging economies of Asia-Pacific, Africa and Latin America is generating significant demand for automotive E-Tailing. The automotive E-Tailing market offers a wide range of automotive components including infotainment systems, interior accessories, engine parts, tires-wheel, and electrical components. The E-Tailing market offers easy and hassle-free transactions as it includes various global and established players such as Alibaba, Amazon, AutoZone and eBay that is supporting positive growth in the market. E-Tailing is at the emerging stage in the developing markets such as India and Brazil, whereas the market is already growing significantly in countries such as the U.S., the U.K., and Germany due to high adoption E-Tailing by end users and availability of large number of seller. Asia-Pacific stands as the largest region for global automotive E-Tailing market In 2016, Asia-Pacific dominated the global automotive E-Tailing market with over 44% share. The Asia-Pacific E-Tailing market is expected to grow at a CAGR of 13.7% supported by the largest market in China followed by India and Japan in during the forecast period. Such growth is likely to be driven by increase in GDP and rapid economic growth in developing countries such as India and China. Additionally, growing number of new players and startups are entering in the Asia-Pacific market and selling their products in Tier-I cities. The trend for online shopping has increased in recent years and the new and the established players are leveraging the positive growth in the automotive E-Tailing market. Request analysis/automotive-e-tailing-market/report-sample to Get the Sample Report@ https://www.psmarketresearch.com/market- Growing demand of passenger and commercial vehicles worldwide The major factor driving the growth of the market is the growing demand of passenger and commercial vehicles globally. Growing countries such as China and India have showcased the rapid vehicle production, which has increased rapidly over the past five years and the trend is likely to continue during the forecast period. In 2016, growth in sales of passenger vehicles in India was the fastest among the eight largest auto markets worldwide. In 2016, the outlook In the North America including the U.S. and Canada remained promising and achieved considerable growth in sales and without any overriding concern of a slow down on the horizon in either market. Rest of the world including Iran, Australia and the Middle-east countries have showcased global traction in the recent time and is expected to remain at a
forefront of market due to which many OEMs continue to explore local manufacturing options in these countries which will drive the global automotive E-Tailing market. The market is dominated by organized players The research states that the global automotive E-Tailing market had a consolidated structure in 2016 that was dominated by organized players. Some of the key players in the global automotive E-Tailing market include Advance Auto Parts, Alibaba Group Holding Limited, Amazon.com Inc., Delticom AG, O’Reilly Auto Parts, Flipkart and eBay. This market research report provides a comprehensive overview of the automotive E- Tailing market. This study covers •Historical and the present size of the automotive E-Tailing market •Future potential of the market through its forecast for the period 2017-2023 •Major factors driving the market and their impact during the short, medium, and long terms •Market restraints and their impact during the short, medium, and long terms •Recent trends and evolving opportunities for the market participants •Historical and the present size of the market segments and understand their comparative future potential •Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings •Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders •Major players operating in the market and their service offerings •Recent strategic developments by the major players in the market About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. 3 ©P&SIntelligence.Allrightsreserved
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