Automotive E-Tailing Market Development, Growth and Demand Forecast to 2023by Rahul Gautam Manager
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.
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.
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.
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GLOBAL AUTOMOTIVE E-TAILING MARKET
- By Application – Passenger Cars, Commercial Vehicles and Two-Wheelers
- By Product label - Genuine Label Products and Counterfeit Label Products
- By Vendor type - OEMs and Third Party
- By Component – Tires and Wheel, Infotainment and Multimedia, Interior Accessories, Electrical and Electronics, Powertrain and Others
- By Region –Asia-Pacific, Europe, North America, and Rest of the World (RoW).
Created on Mar 17th 2020 05:23. Viewed 250 times.