Europe E-commerce Automotive Aftermarket Revenue to Exceed USD 53.3 Billion by 2027

Europe e-commerce automotive aftermarket share from business-to-customer (B2C) segment is expected to grow at 16% CAGR up to 2027. High internet traffic on e-commerce platforms alongside rising EV sales is set to drive Europe ecommerce automotive aftermarket forecast. The onset of the novel coronavirus has, in a way, directed nearly every industry worldwide to undergo a digital revolution. Ecommerce platforms are at the heart of this era— an absolute must-have in the current time. 
 
It can be said that the digital transformation has resulted in a growth in the size of e-commerce automotive aftermarket in Europe, due to the rising number of internet and smartphone users. Today, there are 4.8 billion internet users worldwide, accounting for about 61% of the world's total population. While looking at the current scenario through this lens, ecommerce has enabled businesses to enhance their operational flexibility and provide targeted, value-based consumer services.
 
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In 2020, 73% of EU internet users shopped online. By 2027, the European e-commerce automotive aftermarket size is anticipated to exceed USD 53.3 billion. Alibaba, Amazon, Bosch, AutoZone, eBay, Tyres International, ZF Friedrichshafen AG, Federal-Mogul Corporation, and RockAuto are among the leading ecommerce automotive aftermarket participants in Europe.

 
The replacement parts segment accounts for about 80% of Europe e-commerce automotive aftermarket. The requirement for hydraulics and hardware, brake pads, and rotors and drums are projected to increase rapidly. The growing number of e-commerce businesses selling everything from consumer durables to hardware and associated items will positively benefit Europe market outlook.
 
Mobile.de, Germany's largest automotive marketplace for selling automobiles to businesses and individuals, attracts customers from all across Europe. Site users are enabled to search for dealers, as well as locate finance and insurance options. The company has been a subsidiary of eBay Inc. since 2004. The presence of such platforms is influencing Europe e-commerce automotive aftermarket trends.
 
Selling directly to clients online allows firms to avoid third-party sellers and wholesalers, lowering the cost of items supplied to customers. A company may immediately connect with its consumers and receive real-time feedback on its products, which is advantageous for companies wanting to update their products. For example, OnBuy is a business-to-consumer online marketplace where third-party company sellers may list new, used, or refurbished items and buyers can browse hundreds of categories, compare prices, and purchase securely with PayPal Buyer Protection.

 
Because of the simple availability of items on e-commerce platforms, steering and suspension aftermarket in Europe is anticipated to grow at a CAGR of about 14.5%. Steering and suspension-based products are often inexpensive when purchased through e-commerce platforms. The ease of installation of these goods is increasing market demand for steering and suspension components. Fast product delivery is a key aspect that will fuel Europe e-commerce automotive aftermarket through the next five years.
 
Various e-commerce corporations, including Amazon, Alibaba, and eBay, are partnering with organisations to expand their product portfolio and develop their market share. For instance, Ferrari has planned to make Amazon Web Services its provider for artificial intelligence, cloud storage, and machine learning in June 2021. This is to help with the design and testing of their vehicles, apart from being the debut of their fan engagement platform.
 
Table of Contents (ToC) of the report:
Chapter 1   Methodology & Scope

1.1    Market Definition

1.2    Base estimates & working

1.2.1    Europe

1.3    Forecast calculation

1.3.1    COVID-19 impact calculation on the industry forecast

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid Sources

1.4.2.2    Public Sources

Chapter 2   Executive Summary

2.1    Europe E-commerce automotive aftermarket market 3600 synopsis, 2017 – 2027

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