Market Research Future published report on “Global Automotive E-Commerce Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

The increased influence of digital transformation is also reshaping the global automotive industry. Automotive aftermarket is also witnessing a gradual shift from traditional legacy systems to the digitalized world powered by Big Data, Predictive Analytics, Mobility and IoT. Digitalization allows aftermarket players to further increase the automotive aftermarket’s value as connectivity helps them move closer to the end customer and generate big data.

The automotive e-commerce market is driven by numerous factors such as the aging vehicle fleet, the growth of the global e-commerce industry, and digitization of channels and interfaces. Key international players such as Amazon and Alibaba are expanding their reach by buying up smaller local platforms, especially in flourishing e-commerce markets, which in turn, is impacting the market growth positively.

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Global Automotive E-Commerce Market is segmented into flour key dynamics for an easy grasp and enhanced understanding.

By Components:  Infotainment & Multimedia, Engine Components, Tires & wheels, Interior Accessories, and Electrical Product among others.

By Consumers:  B2B and B2C, others.

By Vehicle Types:  Passenger vehicles and Commercial Vehicles, others.

By Regions:  North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

Regional Analysis:

The global market is segmented based on geography in the regions of Asia Pacific, North America, Europe, and the Middle East & Africa. Europe region is expected to dominate the growth of the automotive e-commerce market over the forecast period. Europe is one of the major markets for automotive e-commerce due to the growth in e-commerce. The adoption of e-commerce ensures a greater degree of flexibility and customization spending by purchasers of the automotive components. The growing inclination of consumers towards cross-border online shopping, highlights an increasing realization that buying from another country, where the cost are low, would involve lower prices and a wider range of products or brands. The internet, as a channel, will benefit greatly from the growing consumer awareness about cross-border purchasing because of its immediate advertising potential and the ease and speed, with which businesses can offer their products at best prices.

The report for Global Automotive e-commerce market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative and quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight into the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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