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E-Commerce Automotive AfterMarket to garner remarkable proceeds over 2030

Increasing average age of passenger and commercial vehicles, especially across developed economies, has evoked the demand for repair and maintenance parts.

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E-Commerce Automotive AfterMarket to garner remarkable proceeds over 2030

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  1. E-Commerce Automotive AfterMarket to amass hefty proceeds by 2030

  2. Industry Overview • E-commerce automotive aftermarket is poised to witness a tremendous growth over the forecast period of 2022 to 2030 on account of growing digitization of sales channels along with increased inclination of industry players to advertise and sell their products through e-commerce websites. • Furthermore, advanced algorithms and bigdata allow automotive manufacturers to acquire and process large amounts of data enabling them to target specific advertisements to the consumers and cater to their needs accordingly. Besides, e-commerce companies such as AutoZone and Amazon are primarily using this data-driven approach for positioning of exclusive product advertisements providing the customers a convenient way for online purchase. • Third- party retailers segment comprising auto centers, independent repair shops, franchisee repair shops and authorized repair shops, are majorly opting for online distribution channels to increase their profit margins. Additionally, increased usage of mobile and enhanced internet infrastructure will stimulate the segment penetration. • Braking components segment is likely to depict a CAGR of 14.5% through 2026, attributing to the presence of brake component manufacturers, ranging from multinational corporations such as Bosch, Brembo and Akebono to several other small-scale companies. The large-scale companies like Bosch have their own well-established online sales channels, whereas the small-scale enterprises are largely placing their products on e-commerce platforms to support domestic as well as international customers, thereby significantly contributing to the industry growth.

  3. Continue… • Europe e-commerce automotive aftermarket is projected to witness a CAGR of 14% over the forecast period owing to the presence of well-developed infrastructure for e-commerce across several countries in the region. Moreover, shifting consumer preference towards online purchase of automotive parts on account of competitive pricing is further adding to the regional growth. • According to the Society of Motor Manufacturers and Traders, automotive parts in the UK has shown remarkable transformation with the emergence of e-commerce and shifting preferences of car owners. One in three British residents visit eBay.co.uk every month and it is growing as a popular marketplace for automotive parts in the country. • To browse this report titled, “E-Commerce Automotive Aftermarket by Growth Insight, Competitive Analysis and Regional Statistics to 2030”. https://www.gminsights.com/industry-analysis/e-commerce-automotive-aftermarket

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  5. E-Commerce Automotive AfterMarket

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