Report ID: UCMIG20R2043
Report ID:
UCMIG20R2043 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The E-Commerce Automotive Aftermarket sector demonstrated remarkable growth, surpassing a valuation of USD 50 billion in 2021, and is anticipated to sustain an impressive expansion trajectory with a Compound Annual Growth Rate (CAGR) exceeding 14% between 2022 and 2030. This projection is propelled by the shifting consumer preferences towards online shopping and the convenience it offers in procuring automotive parts and accessories. As digital platforms become the preferred mode for purchasing automotive aftermarket products, the market is primed to capitalize on this trend. The surge in demand for customization, easy accessibility of a wide range of products, and the ability to compare prices and specifications online are key drivers of this growth. Market research analysis underscores the potential of the E-Commerce Automotive Aftermarket industry to flourish in response to evolving consumer behaviors and preferences in the digital age.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Air Freight & Logistics by segment aggregation, the contribution of the Air Freight & Logistics in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20R2043