Pune, India -- (SBWIRE) -- 06/14/2018 -- E-Commerce Market 2018 Automotive Industry Global Research Report, Global E-Commerce Market in Automotive Industry growing at strategic CAGR by the forecast period of 2018 to 2023. E-Commerce Market growth is mainly attributed to factors such aging vehicle fleet, digitization of channels and interfaces, growth of global e-commerce industry and higher price transparency and greater diversity of parts is driving the growth of the E-Commerce Market in Automotive Industry market. However, Identification of the damaged parts and installation of the online purchased parts are expected to hinder the market growth. According to a recent study report published by the Market Research Future, The global market of E-Commerce is expected to gain prominence over the forecast period.
E-Commerce Market Key Companies Analyzed For This Research Are:
Amazon.com, Inc. (U.S.), eBay Inc. (U.S.), Taobao (China), Tmall.com (China), and Alibaba Group Holding Limited (China). Wal-Mart Stores, Inc. (U.S.), JD.com, Inc. (China), Snapdeal (India), Denso Corporation (Japan), and American Tire Distributors Holdings, Inc. (U.S.) are among others.
Get Sample Report of E-Commerce Market Forecast 2018 to 2023 @ https://www.marketresearchfuture.com/sample_request/4682
E-Commerce Market Highlights:
The increased influence of digital transformation is also reshaping the global automotive industry. Automotive aftermarket is also witnessing a gradual shift from traditional legacy systems to the digitalized world powered by Big Data, Predictive Analytics, Mobility and IoT. Digitalization allows aftermarket players to further increase the automotive aftermarket's value as connectivity helps them move closer to the end customer and generate big data. Digitization allows for substantial improvements in the value chain and decreased lead times for workshops and customers. With a shorter value chain, the margin of distributors and middlemen will be divided among customers, parts manufacturers, and online players. The reduction in trade steps has led some players to expect lower and more stable margins.
The market is expected to witness growth opportunities as the major players in the market are collaborating with parts and repair information systems for promoting their E-Commerce Market in Automotive Industry business. Providers are also offering repair manuals and repair webinars for enabling the customers for proper installation of the automotive parts. E-tailers also offer professional customer hotline for ensuring that the right parts are ordered. However, the identification of damaged parts and installation of the online purchased parts are expected to hinder the market growth. Also, the players witness certain challenges due to the options of variable payment methods, same day delivery policies, and handling the return request of the customers. Thus, the E-Commerce Market in Automotive Industry market is expected to expand at ~6% CAGR during the forecast period.
North America region is expected to dominate the growth of the global E-Commerce Market in Automotive Industry market. North America leads the global e-commerce automotive aftermarket. Many brick and mortar stores in the region leverage third party e-commerce platform to sell their products along with their own e-commerce portal. The auto parts sector is expected to see significant growth as automakers continue to expand in US and Mexico. The automotive parts and equipment manufacturing industry is sensitive to general economic conditions. Other factors driving the growth of this industry are the increasing sales of new automobiles, gradual shift in the trend from light combustion vehicles to hybrid electric vehicles, technological advancements, and the changes in interest rates & oil prices.
Asia Pacific region is expected to grow with the highest CAGR in the E-Commerce Market in Automotive Industry market over the forecast period. The development of the auto parts manufacturing industry in Asia Pacific is primarily driven by the growing automobile manufacturing industry, especially in countries, such as China, Korea, and India. Asia Pacific is a key market, owing to major e-commerce players in the region, such as Amazon.com, Alibaba Group, Flipkart Internet Private Limited, and E-bay Inc.
The E-Commerce market can be segmented by by Components (Infotainment and Multimedia, Engine Components, Tires and wheels, Interior Accessories, Electrical Product), Consumer (B2B, B2C), Vehicle Type and Regions.
Target Audience of Report:
Manufacturers, Distributer & Supplier companies
Consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Global E-Commerce market Research Insights:
The report for Global E-Commerce Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Major Table of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis
Browse Full Report on E-Commerce Market @ https://www.marketresearchfuture.com/reports/automotive-ecommerce-market-4682
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
+1 646 845 9312