Automotive E-Tailing Market Report 2018 – Company Assessment and Industry Analysis 2023
As per the
research, the global automotive E-Tailing market high is likely to grow from
$26,064.0 million in 2016 to $59,485.0 million by 2023. The rapidly growing
automotive industry especially in emerging economies of Asia-Pacific, Africa
and Latin America is generating significant demand for automotive E-Tailing.
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The automotive
E-Tailing market offers a wide range of automotive components including infotainment
systems, interior accessories, engine parts, tires-wheel, and electrical
components. The E-Tailing market offers easy and hassle-free transactions as it
includes various global and established players such as Alibaba, Amazon,
AutoZone and eBay that is supporting positive growth in the market.
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The tire and
wheel segment held the largest share in the global automotive E-Tailing market
in 2016. The major factors driving the growth of the E-Tailing market is
growing adoption of online shopping for automotive components by the end-users
along with the availability of wide range of product at discounted price.
In 2016,
Asia-Pacific dominated the global automotive E-Tailing market with over 44%
share. The Asia-Pacific E-Tailing market is expected to grow at a CAGR of 13.7%
supported by the largest market in China followed by India and Japan in during
the forecast period. Such growth is likely to be driven by increase in GDP and
rapid economic growth in developing countries such as India and China.
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Some of the
key players in the global automotive E-Tailing market include Advance Auto
Parts, Alibaba Group Holding Limited, Amazon.com Inc., Delticom AG, O’Reilly
Auto Parts, Flipkart and eBay.
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