Global Automotive E-Tailing Market: Overview
The global market for automotive e-tailing has gained immense traction in recent times, mostly due to a rising inclination towards internet-based shopping. E-tailing or electronic retailing is a system that enables the purchase of products and services from public access websites. Automotive parts and components have also become available for purchase across several websites, thus, giving rise to automotive e-tailing. The automotive industry is characterized by a high-level of specialization and a wide range of products that need to be continually supplied to the market. It is due to this reason that online selling channels for automotive products have taken shape, and are expected to keep growing over the coming years. The market for automotive e-tailing is expected to grow alongside a widening consumer base for automotive parts and components.
In order to provide a comprehensive outlook on the global market for automotive e-tailing, the market has been segmented based on the following parameters: type of vendor, type of service, and geography. It is important to understand the forces operating in each of the regional market to understand the overall market.
A report produced by Transparency Market Research (TMR) enunciates key market dynamics pertaining to the global market for e-tailing. The report succinctly explains each of the factors that are projected to contribute to the growth of the market over the coming years. Furthermore, an employable methodology has been used to draw inferences about the progress of the market over the coming years.
Global Automotive E-Tailing Market: Trends and Opportunities
E-commerce has emerged as a wide area of business in the contemporary times, and several new products and services can now be purchased via online channels. Moreover, businesses as well as individuals are showing a propensity to buy essential products online rather than wasting time in the spatial markets. The aforementioned trend holds true for the automotive industry as well, resulting in bulk order for automotive parts and components at e-commerce websites. Hence, the global market for automotive parts is surging ahead at a boisterous pace, and is expected to keep attracting positive demand from the masses. Moreover, the option of same-day delivery has been an attractive pursuit for the customers which also propels demand within the automotive e-tailing market. The conventional mortar and brick stores do not offer a range of products as wide as is available through automotive e-tailing. Hence, the customers resort to e-tailing to weigh their options and choose wisely from a wide array of products. The automotive technicians are also shifting towards e-tailing from the previous ways of shopping from mortar and brick stores.
Despite the growing popularity of e-tailing, the mortar and brick stores currently to a wider consumer base as against e-tailing websites. Notwithstanding this hindrance, the adoption of electric and hybrid vehicles has been increasing across the globe which is expected to reap positive results for the market.
Global Automotive E-Tailing Market: Regional Outlook
The market in North America is prognosticated to dominate all other regional segments owing to dual reasons; first, the prominence of the e-commerce industry in the region, and secondly, the wide product portfolio of the automotive sector. Moreover, U.S., Mexico, and Canada have shown an inclination towards e-tailing, thus, contributing to the growth of the regional market.
Global Automotive E-Tailing Market: Competitive Landscape
Some of the key players in the global market for automotive e-tailing are Amazon (the U.S), Alibaba Group Holding Ltd. (China), eBay Motors (the U.S), and AutoZone, Inc. (the U.S).
Global Automotive E-Tailing Market: By Vendor Type
- OEM vendors
- Aftermarket vendors
Global Automotive E-Tailing Market: By Service Type
Global Automotive E-Tailing Market: By Geography
- North America
- Latin America
- Eastern Europe
- Western Europe
- The Middle East and Africa
- Asia Pacific
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?