Automotive E-tailing Market Synopsis
As per the analysis by Market Research Future Reports (MRFR), the global automotive e-tailing market is estimated to value USD 55.22 billion and record a CAGR of 12% during the forecast period. The availability of a variety of products, convenience in online shopping, and the rising investment in e-commerce platforms are the most important factors of expansion of the global automotive e-tailing market 2020. Apart from this, the presence of several OEMs and an increase in demand for sturdy automobiles can surge the worldwide market for automotive e-tailing. The automotive e-tailing market is a platform where the new entities are coming up with more number of offers and services and provide the latest technology products, which plays a role in the expansion of the market. Besides, there has been an augmentation in demand for automobiles parts due to the growing sales.
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Furthermore, the low price of automotive components makes it more affordable to buy, which increases demand. However, the duplication of components leads to security issues. Moreover, the fraud caused during online payments raises another security issue.
The outbreak of COVID-19 has resulted in a changing dynamic of the market. Several regions have been affected by the COVID-19 breakthrough. We will provide COVID-19 impact analysis with report.
The forefront players of the global automotive e-tailing market are Delticom AG (Germany), K&N Engineering, Inc. (U.S) Advance Auto Parts, Inc. (U.S), eBay Inc. (U.S), Genuine Parts Company (U.S), Rock Auto LLC. (U.S), CARiD.com (U.S), AutoZone, Inc. (U.S), O'Reilly Auto Parts (U.S), JEGS High Performance (U.S), and others.
The Japanese auto giant Nissan has filed for a trademark of a new corporate logo. The new logo gets a two-dimensional monochromatic design that will be easier to replicate across multiple platforms, especially in the digital sphere. It gets the familiar Nissan name in the center with two arcs at the top and bottom, respectively. The company has also filed for a new Z logo in Canada and New Zealand.
The global automotive e-tailing market can be segregated on the basis of components, vehicles, vendor type, and region.
On the basis of components, the global automotive e-tailing market can be segregated into the exterior, interior, chassis, powertrain, infotainment and multimedia, and electrical and electronics.
On the basis of vehicles, the global automotive e-tailing market can be segregated into non-commercial vehicles, commercial vehicles.
On the basis of vendor type, the global automotive e-tailing market can be segregated into a third party vendor and OEM vendor.
On the basis of region, the global automotive e-tailing market can be segregated into Asia-Pacific, Europe, North America, South America, and Middle East & Africa.
The geographical analysis of Asia-Pacific, Europe, North America, South America, and the Middle East & Africa has been conducted. As per the analysis by MRFR, the Asia-Pacific is estimated to be the largest market for automotive e-tailing and is likely to dominate the global market during the forecast period. Adoption of the latest technologies and the increasing internet penetration in the region has resulted in an increased demand. Besides, the region consists of the fastest developing economies of the world. India, China, and Japan are the hotspots for high vehicle population in the APAC region. China is the major market for the automotive e-tailing market. On the other hand, the North American region is another region that has a significant contribution at a global level. North America holds a significant share in the global market. U.S. plays a substantial role in expanding the market.
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