The global automotive e-commerce market is expected to expand approximately at a 22.20% CAGR during the review period, The market report is segmented into components, vehicle types, consumers, and regions
The global Automotive e-commerce Market is garnering substantial traction, mainly due to the rapid digitalization and growing online purchases. Besides, the expanding used/resale vehicle market and vehicle part manufacturing sectors, alongside the rising popularity of e-commerce platforms, substantiate the market size.
The onset of the Covid-19 pandemic worldwide sped up the online business industry exponentially, mandating social distancing practices. The global aftermarket that saw a huge slump in 2020 is projected to resuscitate in FY22 and beyond, heading with the developing trade-in vehicle market.
With the global OEMs and aftermarkets assessed to outperform in the next few years, the market value is expected to increase substantially. According to Research Future (MRFR), the global automotive e-commerce market is expected to expand approximately at a 22.20% CAGR during the review period (2022 – 2030).
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The ramping up demand for automotive accessories encourages automotive e-commerce companies to onboard more and more products from technology-enabled end-to-end after-sales auto service and spare part providers and a wide range of OEM spares and consumables.
Moreover, the rapid increase in automated, pre-owned vehicle websites with fast and easy fully-digital solutions impacts the market landscape positively. The state-of-the-art e-commerce technology supports local businesses, allowing customers to move through the buying process quicker, offering them alternatives to the traditional car shopping model.
Typically, digital retailing solutions enhance the online buying experience while reducing complexities in the car buying process. With automotive e-commerce platforms, buyers can save time and retailers can save resources, streamline operations, and deliver optimized profits within a fully secured online transaction.Today, consumers prefer buying vehicles, used automobiles, and auto components online. At the […]
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