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Global Automotive E-Tailing Market to
Reach $59.5 Billion by 2023


Global Automotive E-Tailing Market

According to a new market research report Global Automotive E-Tailing Market Size,
Share, Development, Growth and Demand Forecast to 2023 - Industry Insights by
Vendor type (OEM and Third Party), Product Label (Genuine Label and Counterfeit
Label Product), Components (Tires and Wheel, Infotainment and Multimedia, Interior
Accessories, Electrical and Electronics and Powertrain), Application (Passenger cars &
Commercial vehicles and Two-Wheelers) published by P&S Market Research, 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).
Browse Report Description at: https://www.psmarketresearch.com/marketanalysis/automotive-e-tailing-market

Global Automotive E-Tailing Market

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 ETailing.
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.

Global Automotive E-Tailing Market

Insights on market segments
As per the findings of research, the global automotive E-Tailing market has been
segmented into different component which include infotainment system, interior
accessories, engine parts, tires and wheels, and electrical products. The tire and wheel
segment held the largest share in the global automotive E-Tailing market in 2016. The
major factors driving the growth of the E-Tailing market is growing adoption of online
shopping for automotive components by the end-users along with the availability of
wide range of product at discounted price.

Global Automotive E-Tailing Market

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. Moreover, the government
is supporting the startups and providing them financial assistance and easy funding
policies. Additionally, the European market for automotive E-Tailing is expected to
grow at a significant CAGR during the forecast period, owing to growing number of
internet users and increasing number of component suppliers in in developed
countries such as Germany and the U.K. Moreover, the North American E-Tailing
market is dominated by the U.S., which is growing at the highest CAGR due to wide
number of stores offering product and services online.

Global Automotive E-Tailing 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 markets. 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.

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.
Expansion and strategic partnerships have been the key strategies in the global
automotive E-Tailing market which is driving the global automotive E-Tailing market.
For instance, in May 2017, Amazon announced plans to expand its research and
development center in Cambridge, the U.K. The company is planning to increase the
employee strength to 1,500 by the end of 2017. Earlier in April 2017, Walmart
announced plans to increase its number of stores from 21 to 50 in India. The
company announced plans expand the stores over a period of next three years.
Walmart will open 10 new stores in Telangana for which Walmart India has signed a
Memorandum of Understanding (MoU) with the Telangana government.

Global Automotive E-Tailing Market

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