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Showing posts with the label E-Commerce Automotive Aftermarket Market

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...

E-Commerce Automotive Aftermarket Market size is anticipated to reach USD 143.9 billion by 2028

  E-Commerce Automotive Aftermarket Industry Overview The global e-commerce automotive aftermarket size was valued at USD 53.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 14.6 % from 2021 to 2028.   The rising need for people and independent retailers to access more affordable automotive parts for sale in the aftermarket offers an impetus to the market. Traditional automotive retailers are also adopting e-commerce sales channels to increase revenue generation and offer better product offerings to customers. This ongoing trend of pure-play retailers deploying e-commerce strategies is projected to fuel the growth of the market.   Gather more insights about the market drivers, restrains and growth of the Global E-Commerce Automotive Aftermarket   The ongoing trend of customizing and designing automotive interiors and exteriors according to their desires and interests further offers an impetus to market growth. Discretiona...