Global automotive E-Tailing market worth $26,064.0 million in 2016

As per the research, the global automotive E-Tailing market high is likely to grow from $26,064.0 million in 2016 to $59,485.0 million by 2023. The rapidly growing automotive industry especially in emerging economies of Asia-Pacific, Africa and Latin America is generating significant demand for automotive E-Tailing.

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. Additionally, the European market for automotive E-Tailing is expected to grow at a significant CAGR during the forecast period, owing to growing number of internet users and increasing number of component suppliers in in developed countries such as Germany and the U.K. Moreover, the North American E-Tailing market is dominated by the U.S., which is growing at the highest CAGR due to wide number of stores offering product and services online.

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GLOBAL AUTOMOTIVE E-TAILING MARKET SEGMENTATION
By Component
Tires and wheels
Infotainment and multimedia
Interior accessories
Electrical and electronics
Powertrain
Others

By Application
Passenger cars
Commercial vehicles
Two-wheelers

By Product label
Genuine label products
Counterfeit label products

By Vendor Type
OEMs vendor
Third party vendor
The research states that the global automotive E-Tailing market had a consolidated structure in 2016 that was dominated by organized players. Some of the key players in the global automotive E-Tailing market include Advance Auto Parts, Alibaba Group Holding Limited, Amazon.com Inc., Delticom AG, O’Reilly Auto Parts, Flipkart and eBay.