Asia Pacific E-commerce Automotive Aftermarket Growth Trends & Projections 2021-2026
Category: #business  By Ronak Bora  Date: 2021-11-24
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Asia Pacific E-commerce Automotive Aftermarket Growth Trends & Projections 2021-2026

Asia Pacific e-commerce automotive aftermarket from the B2C segment is poised to depict a commendable CAGR of over 15% through 2026. This growth is credited largely to the emerging DIY (Do-it-yourself) trend among consumers, which has bolstered the adoption of e-commerce platforms.

Meanwhile, the B to Small B segment is expected to exhibit a 15.5% CAGR through 2026, with quicker delivery times and high-profit margins serving as the key contributors to this growth. The channels involve the trade of many basic automotive parts, including sub-assembly systems and electronic units, among medium-sized businesses and equipment suppliers.

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Auto products are witnessing a significant rise in conversion rates and internet traffic in recent years, owing to high product promotion and e-market placement. Furthermore, the Asia Pacific e-commerce automotive aftermarket dynamics are bolstered considerably in recent years by factors such as the provision of informative material to customers regarding operating hours, nearest store locations, availability of products as well as ability to buy the products on mobile apps.

Lighting, filter, and braking replacement parts are among the components that hold maximum utility in the e-commerce automotive aftermarket. The growing propensity towards lightweight automotive materials is likely to add impetus to Asia Pacific e-commerce automotive aftermarket growth over the estimated timeline.

From a product perspective, the filter replacement segment is set to register revenue worth $3.86 billion in 2026. This is attributed mainly to the myriad benefits of the product such as low CO2 emissions and better engine performance. Air intake filters, fuel filters, cabin air filters, and oil filters are among the main components of automotive filters.

Additionally, the COVID-19 pandemic has created an upheaval in the automotive domain. With temporary suspensions of international trade implemented in various countries, industry demand has suffered a considerable setback.

One of the key roadblocks to the Asia Pacific e-commerce automotive aftermarket outlook is the burgeoning counterfeit market. The growing number of replica manufacturers in countries such as China has led to several inferior quality products in the market, which are sold at low prices in order to attract more consumers. However, these products break down very often and create a negative image of the genuine brand in the market, which can lead to an impact on e-commerce sales of automotive aftermarket products.

The competitive landscape of the Asia Pacific e-commerce automotive aftermarket is inclusive of players such as Mannkando, RockAuto, NAPA Auto Parts, Flipkart, eBay, Denso Corporation, Bosch, AutoZone, Amazon, and Alibaba Group among others.

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Partial Chapter of the Table of Content

Charts & Figures

FIG. 1    Asia Pacific E-commerce automotive aftermarket, by region, (% revenue share)

FIG. 2    APAC E-commerce automotive aftermarket industry 3600 synopsis, 2016 - 2026

FIG. 3    Industry segmentation

FIG. 4    Industry landscape, 2016 - 2026

FIG. 5    Industry ecosystem analysis

FIG. 6    Payment gateways

FIG. 7    Conventional & new model for buying auto parts

FIG. 8    Challenges, practices, and supplier support

FIG. 9    Growth potential analysis, 2019

FIG. 10    Porter’s analysis

FIG. 11    Company market share analysis, 2019

FIG. 12    PESTEL analysis

FIG. 13    COVID-19 impact on automotive industry

FIG. 14    APAC e-commerce automotive aftermarket revenue share, by e-commerce retail, 2019 & 2026

FIG. 15    Asia Pacific e-commerce automotive aftermarket revenue share, by product, 2019 & 2026

FIG. 16    Asia Pacific e-commerce automotive aftermarket volume share, by consumer, 2019 & 2026

FIG. 17    APAC e-commerce automotive aftermarket share, by region, 2019 & 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/apac-e-commerce-automotive-aftermarket

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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