E-Commerce Automotive Aftermarket share

E-Commerce Automotive Aftermarket to reach $140 bn by 2027; Global Market Insights, Inc.

In 2020, Asia Pacific held around 24% of the E-Commerce Automotive Aftermarket share. The development of e-stores offering various brands through e-commerce portals will drive industry growth. Conventional sellers are selling replacement parts through online sales to compete with pure e-retailers.

In 2020, Asia Pacific held around 24% of the E-Commerce Automotive Aftermarket share. The development of e-stores offering various brands through e-commerce portals will drive industry growth. Conventional sellers are selling replacement parts through online sales to compete with pure e-retailers. The OEM are actively developing digitalization approach to offer buyer catalogs, journals guides, and updates on marketing initiatives, and comprehensive product-related information on their website.

The key market players in the e-commerce automotive aftermarket are focusing on collaborations or partnerships with automotive part manufacturers to improve direct sales of the product. For instance, in December 2017, Advance Auto Parts announced a strategic partnership with Interstate Batteries, an established automotive battery manufacturer, to cater to the rising demand for automotive aftermarket with expanded availability, enhanced customer service, and premium quality products.

Read more: https://www.globenewswire.com/news-release/2021/07/14/2262621/0/en/E-Commerce-Automotive-Aftermarket-to-reach-140-bn-by-2027-Global-Market-Insights-Inc.html

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