MarketResearchReports.biz recently added a new research report to its ever-increasing online repository. The report sheds light on many facets of the global e-commerce automotive aftermarket market.
Albany, NY -- (SBWIRE) -- 08/16/2018 -- The publication, titled "E-Commerce Automotive Aftermarket - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025", presents an in-depth assessment of ever-changing market dynamics. It also includes an assessment of the emerging trends in various parts of the world and the volatile socioeconomic conditions that are expected to affect the demand and supply dynamics. To explain the possible course this market takes, analysts have segmented the market on the basis of product, services, consumer, and region.
The research report states that the global e-commerce automotive aftermarket market is expected to surge at a robust CAGR of 18.5%. This impressive growth of the market will be attributable to the booming automotive industry. By the end of 2025, the global e-commerce automotive aftermarket market is expected to be worth US$137 bn. Analysts state that growing realization of maintaining vehicles has created many opportunities for the vendors present in the e-commerce automotive aftermarket market. In the coming years, the progress of this market will also be defined by the ability of vendors to cater to a localized demand with a wide array of affordable products and services.
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On the basis of product, the global e-commerce automotive aftermarket market is segmented into hub assemblies, braking, universal joints, steering and suspension, gaskets, filters, spark plugs, wipers, and lighting. Out of this, the braking segment is expected to soar in the coming years. The demand for brake pads is expected drive the progress of this segment in the near future. The inevitable of wear and tear of brakes due to usage of vehicles and their utmost importance for safe functioning of vehicles is expected to raise the demand for braking parts in the global e-commerce automotive aftermarket market.
Geographically, the global e-commerce automotive aftermarket market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Out of these, Asia Pacific e-commerce automotive aftermarket market is expected to achieve a lion's share as compared to others. This region will be led by emerging economies of India and China. Relentless penetration of Internet, indispensable usage of smartphones, and increasing purchasing power have collectively contributed toward Asia Pacific e-commerce automotive aftermarket market.
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The research report dedicates an entire chapter to explain the competitive landscape present in the global e-commerce automotive aftermarket market. Some of the leading players operating in the market are Amazon.com, Inc., U.S. Auto Parts Network, Inc., American Tire Distributors Holdings, Inc., Alibaba Group, EBay Inc., Auto Zone, Inc, Advance Auto Parts, Denso Corporation, Tire Rack, Pep Boys, and National Automotive Parts Association. Analysts have profiled these players to explain the financial outlook, research and development strategies, and expansion plans of these companies in the near future.
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