E-commerce Automotive Aftermarket: Trends and Insights for 2024 - 2030
The global e-commerce automotive aftermarket size was valued at USD 62.12 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 20.5% from 2024 to 2030. The growing usage of online platforms to purchase car parts and accessories is a significant trend driven by consumers seeking convenience, variety, and competitive prices. Enhancements in technology, such as improved logistics and real-time inventory management, improve the overall online shopping process. Moreover, the increasing number of smartphones and internet availability make reaching e-commerce websites easier. The growing preference for online shopping across various sectors, including automotive parts and accessories drives market growth. Consumers find it more convenient to search, compare, and purchase automotive components online, thanks to the easy accessibility of information, user reviews, and competitive pricing offered by e-commer...