The Rise of E-Commerce Automotive Aftermarket: Trends, Opportunities

1. E-Commerce Automotive Aftermarket: Size, Share, Growth, Development and Demand Forecast to 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. The global e-commerce automotive aftermarket is predicted to reach $191,545.7 million value by 2030, mainly owing to the growing count of DIY users. The ease provided by online buying channels and the expanding e- commerce automotive aftermarket is further key market-driving drivers. B2C consumers, which include the actual owners of the cars, will quickly grow in importance for businesses selling automotive aftermarket components online in the coming years. This is due to the rise of DIY culture and the ease of buying provided by e-commerce, such as doorstep delivery, exclusive discounts, and product evaluation. The rise in disposable income, which is followed by industrialization and urbanization, is the main cause of the increased automotive sales in APAC. In addition, the average age of cars has increased in this region due to technical improvements and strict safety standards. Similar to that, more locals now have access to the internet thanks to government initiatives to improve their communications infrastructure. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/e-commerce-in- automotive-aftermarket/report-sample The average age of cars is anticipated to continue rising in developing nations like India, China, and Brazil throughout the course of the projected period, which will propel e-commerce automotive aftermarket expansion. Manufacturers of aftermarket components will compete for new clients using a variety of strategies, such as an extensive product line and an online presence. Additionally, click-and-mortar shopping merges e-commerce platforms with physical stores and enterprises, therefore eliminating the disadvantages that are exclusive to each. These e-commerce platforms make it simpler for shops to connect with customers by enabling them to have a presence online and upload inventory and product listings. Additionally, e-commerce makes it simpler for DIY and do-it-for-me (DIFM) customers to compare products from various online sources, as this is not always possible at brick-and-mortar stores. This includes researching and comparing features, prices, compatibility, delivery times, specifications, offers, and other factors. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=e-commerce-in-automotive-aftermarket DIY car enthusiasts and vehicle owners take on the chore of modifying their 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. autos. While the primary market for car parts suppliers has historically been repairing shops and maintenance facilities. Recently, sales of aftermarket components on e-commerce platforms have mostly been driven by DIY enthusiasts. The consumer base now encompassing automobile owners and enthusiasts, aside from maintenance and repair shops, is anticipated to boost the e-commerce automotive aftermarket. Platforms for e-commerce offer adaptability and practical purchasing experiences. This mode enables thorough investigation and comparison of costs, features, delivery times, special deals, and other factors. The comparison of items from various internet sources, which may be time- consuming at brick-and-mortar businesses, is made simple for DIY and DIFM clients by all of these essential components or differentiators. As a result, purchasing replacement auto components offline is being increasingly replaced by internet buying. Such e-commerce platforms' lack of standards has led to an increase in the trading of counterfeit parts. The development of the aftermarket for car parts online shopping might be negatively impacted by this. Furthermore, rather than making purchases online, service professionals may choose to work with "brick and mortar" service providers. The research offers market size of the global e-commerce automotive aftermarket for the period 2017–2030. Market Segmentation by Component Engine Parts • oPistons and piston rings oEngine valves and parts oFuel injection systems and carburetors oPowertrain components and others Drive Transmission andSteering Parts • oGearboxes oWheels oSteering systems oAxles oClutch assembly systems and others Suspension andBraking Parts • oBrake calipers oBrake pads 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. oSuspension systems oOthers Equipment • oHeadlights and lighting components oWiper and washer systems oDashboard instruments oOthers Electrical Parts • oStarter motors oSpark plugs oElectric ignition systems oBatteries and others Miscellaneous Market Segmentation by Channel Third-Party Retailer Direct to Consumer Market Segmentation by Consumer Business to Consumer (B2C) Business to Business (B2B) Market Segmentation by Region North America E-Commerce in Automotive Aftermarket • • • • • • oBy component oBy channel oBy consumer oBy country – U.S. and Canada Europe E-Commerce in Automotive Aftermarket • oBy component oBy channel oBy consumer oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe Asia-Pacific (APAC) E-Commerce in Automotive Aftermarket • oBy component oBy channel oBy consumer oBy country – China, Japan, South Korea, India, and Rest of APAC Latin America, Middle East, and Africa (LAMEA) E-Commerce in Automotive Aftermarket • 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

5. oBy component oBy channel oBy consumer oBy country – Brazil, Mexico, U.A.E., and Rest of LAMEA 5 © Prescient & Strategic Intelligence Private Limited. All rights reserved

6. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 4 ©P&SIntelligence.Allrightsreserved 6 © Prescient & Strategic Intelligence Private Limited. All rights reserved