LONDON, March 7, 2024 (GLOBE NEWSWIRE) — According to The Business Research Company's E-commerce Automotive Aftermarket Global Market Report 2024, the e-commerce automotive aftermarket market has experienced rapid growth in recent years, with an exponential growth rate. We are poised to expand globally.According to recent reports, the market is $83.36 billion in 2023 to $98.07 billion in 2024has shown an impressive compound annual growth rate (CAGR) 17.6%. The e-commerce automotive aftermarket market size is expected to grow rapidly in the coming years.will grow up to $182.72 billion in 2028 annual compound growth rate (CAGR) 16.8%.
Electric and hybrid car boom
A key driver of this growth is the rapid growth in the development of electric and hybrid vehicles. As these eco-friendly alternatives grow in popularity, we expect to see a surge in demand for specialized aftermarket parts and accessories tailored to your unique requirements. With electric vehicles accounting for a significant portion of new car registrations, there is an urgent need for an e-commerce platform to meet this growing demand.
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E-commerce platforms lead the way
Companies in the automotive aftermarket sector of e-commerce are recognizing the changing landscape and are quickly adapting by launching comprehensive e-commerce platforms. These platforms offer customers a wide range of aftermarket products and services and provide a seamless shopping experience. For example, Alfardan Commercial recently launched an e-commerce platform offering a wide range of auto parts and maintenance services.
regional insights
Asia Pacific has emerged as the dominant region for the e-commerce automotive aftermarket market, capturing 32.2% of the total market share in 2023. This is followed by Western Europe, North America and the rest of the world, demonstrating the global trend towards digital automotive aftermarket solutions. .
market segmentation
This report segments the E-commerce Automotive Aftermarket market on the basis of type, component, and channel. In particular, there are significant opportunities in the B2C segment, which is expected to reach $56,260.3 million in annual revenue by 2028.
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Automotive aftermarket industry stakeholders can leverage this insightful report to effectively strategize and take advantage of the rapidly growing e-commerce market. By embracing digital platforms, enhancing product offerings, and responding to evolving consumer needs, companies can position themselves for sustained growth and success in this dynamic environment.
For more information and detailed insights, read the comprehensive report on the E-commerce Automotive Aftermarket Market.
E-commerce Automotive Aftermarket World Market Report 2024 According to The Business Research Company, the E-commerce Automotive Aftermarket market size, E-commerce Automotive Aftermarket market segments, E-commerce Automotive Aftermarket market trends, drivers and restraints, market position of key competitors, revenue and market Provides insight into sharing.
Business Research Company publishes more than 7,500 industry reports covering more than 2,500 market segments and 60 regions. This report is based on unique insights from 1,500,000 datasets, extensive secondary research, and interviews with industry leaders.
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