E-Commerce Automotive Aftermarket Growth Dynamics to 2026: Key Technologies and Trends
Selbyville, Delaware, United States, September 9 2020 (Wiredrelease) Global Market Insights, Inc –:Considering the regional landscape, Latin America E-commerce automotive aftermarket is predicted to observe considerable development in the projected time owing to the adoption of several innovative practices like value-added designs, specialized manufacturing procedures, and extensive R&D.
Mexico is likely to lead the market share in the region since it is home to more than 2,500 auto parts firms, of which about 65% are foreign-owned companies. Hitachi Automotive Systems, Magna, Delphi, Bosch, Michelin, Denso, and TWO Automotive are some of the key auto part suppliers in Latin America.
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Growing demand for vehicle parts across the world is increasing the number of digital sales channels, which is positively influencing E-commerce automotive aftermarket growth. Increased efficiency and growing need for convenience among customers is pushing them to buy things online through electronic web portals, which provide easier product selection and stock availability through advanced ERP systems. This shifting trend would majorly complement the E-commerce automotive aftermarket growth through 2026.
In addition to these developments, market players are actively innovating electronic sales channels for customer satisfaction. Online websites also provide users with proper guidance for installing spare parts in vehicles, thereby pushing the customers towards online shopping portals and boost sales of these products.
Speaking of the E-commerce retail, direct to customer segment is anticipated to witness exponential profits and grow at a healthy CAGR of more than 19% over the forthcoming timeframe. This growth is attributed to growth in the use of mobile-based applications in the online sales channel. Furthermore, greater developments in the fields of service-based industries would add up to the overall market outlook through 2026.
Through the use of these technologies, companies identify the availability of a particular product required by customers in their vicinity, further enhancing the consumer service. Tracking of an ordered product has become easier, and has become a vital development opportunities for the industry.
Some Point from Table of Contents:
Chapter 4. E-commerce Automotive Aftermarket, By E-commerce Retail
4.1. Global Market share by e-commerce retail, 2019 & 2026
4.2. Third party retailers
4.2.1. Market estimates and forecast, 2016 – 2026
4.2.2. Market estimates and forecast, by region, 2016 – 2026
4.3. Direct to customers
4.3.1. Market estimates and forecast, 2016 – 2026
4.3.2. Market estimates and forecast, by region, 2016 – 2026
Chapter 5. E-commerce Automotive Aftermarket, By Parts
5.1. Global e-commerce automotive aftermarket share by parts, 2019 & 2026
5.2. Replacement parts
22.214.171.124. Market estimates and forecast, 2016 – 2026
126.96.36.199. Market estimates and forecast, by region, 2016 – 2026
188.8.131.52. Brake pads
184.108.40.206.1. Market estimates and forecast, 2016 – 2026
220.127.116.11.2. Market estimates and forecast, by region, 2016 – 2026
18.104.22.168. Hydraulics & hardware
22.214.171.124.1. Market estimates and forecast, 2016 – 2026
126.96.36.199.2. Market estimates and forecast, by region, 2016 – 2026
188.8.131.52. Rotor & drum
184.108.40.206.1. Market estimates and forecast, 2016 – 2026
220.127.116.11.2. Market estimates and forecast, by region, 2016 – 2026
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