Automotive E-commerce Market to Hit USD 213.08 Billion by 2029; Increasing Demand for Omni-channel Insights to Bolster Market Expansion

The global automotive e-commerce market size is predicted to hit USD 213.08 billion by 2029. Fortune Business Insights^TM, in its report titled, “Automotive E-commerce Market Size, Share & COVID-19 Impact Analysis, By Component Type (Infotainment & Multimedia, Engine Components, Tires & Wheels, Interior Accessories, and Electrical Products), By Vendor Type (OEM Vendor and Third-party Vendor), By Vehicle Type (Passenger Car, Commercial Vehicle, and Two-wheeler), and Regional Forecast, 2022-2029”, observes that the market size stood at USD 66.34 billion in 2021 and USD 75.28 billion in 2022, and is predicted to exhibit a CAGR of 16.02% between 2022 and 2029. The swelling consumer preference for online purchasing and rising automotive parts online sales due to increasing digitalization are expected to strengthen the market expansion.

The coronavirus pandemic harshly affected the growth of the global automotive industry. The ceased processes across the global automotive industry due to strict government regulations and disrupted supply chain networks affected the market growth. Movement restrictions and labor shortages negatively impacted the market’s expansion. However, the easing lockdowns and improving operations are helping the market gain traction. The automotive e-commerce industry is likely to reach pre-pandemic level development in the coming years.

Acquisition of DieHard by Advance Auto Parts to Incite Development

In December 2019, Advance Auto Parts acquired DieHard to improve its product offerings across the automotive aftermarket accessories and parts category. This acquisition also enabled Advance Auto Parts the authoritative rights to sell the batteries offered by DieHard on its e-commerce platform.

Increasing Consumer Expenditure on Online Purchases to Bolster Market Expansion

The wide availability of automotive components, automobiles, and accessories boosts the trend of buying automotive components through third-party vendors such as Alibaba, Amazon.com, and others. The swelling consumer inclination for online purchasing coupled with rising automotive parts online sales due to the growing digitalization is expected to fortify the global automotive e-commerce market growth. The improving per capita income levels of consumers in developing and developed nations are expected to complement market expansion during the forecast period.

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https://www.fortunebusinessinsights.com/automotive-e-commerce-market-105728

Amazon.com Inc. is the Foremost Player in the Market

The highly fragmented market embraces key market players’ presence, including Amazon.com, Advance Auto Parts, eBay Inc., Delticom AG, and others. Amazon.com Inc. is the foremost market player with the highest share in the market. The major market players adopt ingenious strategies, including expansions, acquisitions, contracts, mergers, partnerships, collaborations, and others to magnify their global reach. For instance, O’Reilly Automotive signed a stock purchase agreement with Mayoreo de Autopartes y Aceites S.A. de C.V. (Mayasa) in August 2019 to expand its presence outside the U.S. market.

Notable Industry Development-

• December 2019: Advanced Auto Parts acquired DieHard to improve its product offerings across the automotive aftermarket accessories and parts category.

List of Key Market Players-

• O’Reilly Auto Parts (U.S.)


• Amazon (U.S.)


• Alibaba Group Holding Limited (China)


• AutoZone, Inc. (U.S.)


• Advance Auto Parts (U.S.)


• Delticom AG (Germany)


• eBay Inc. (U.S.)


• Walmart (U.S.)


• Bosch Auto Parts (Germany)


• Flipkart (India)

Further Report Findings-

North America is predicted to bestride the global automotive e-commerce market share due to the mounting consumer demand for luxury and premium vehicles. Additionally, the presence of a robust infrastructure and increasing automotive e-commerce sales are expected to favor the region’s market expansion.

According to the segmentation based on vehicle type, the passenger car segment is predicted to garner the highest growth due to rising passenger vehicle sales globally.

Table of Segmentation-