Global Automotive E-retail Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Components;

Engine Components, Tires And Wheels, Interior Accessories, and Electrical Product.

By Product;

Passenger cars, and Two-wheelers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn052056557 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive E-retail Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive E-retail Market was valued at USD 80,720.02 million. The size of this market is expected to increase to USD 239,376.30 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 16.8%.

The global automotive e-retail market is experiencing a revolutionary transformation, driven by the convergence of digital technologies and consumer preferences for convenient online shopping experiences. In recent years, traditional automotive retail models have been challenged by the rise of e-commerce platforms, allowing consumers to research, compare, and purchase vehicles from the comfort of their homes. This shift has been accelerated by advancements in virtual showrooms, augmented reality (AR) experiences, and online financing options, providing customers with unprecedented access to a wide range of automotive products and services.

The COVID-19 pandemic acted as a catalyst for the growth of the automotive e-retail market, as lockdowns and social distancing measures prompted consumers to seek alternative ways to purchase vehicles. Consequently, automotive manufacturers and dealerships have rapidly expanded their digital presence, investing in robust online platforms and seamless customer engagement strategies to capture a larger share of the e-retail market. This digital transformation not only enhances the buying experience for consumers but also presents new opportunities for businesses to optimize inventory management, streamline distribution channels, and personalize marketing efforts to target specific customer segments effectively.

The future of the global automotive e-retail market is poised for continued growth and innovation. Advancements in artificial intelligence (AI), machine learning, and big data analytics are expected to further enhance the online shopping experience, enabling predictive analytics for personalized recommendations, predictive maintenance, and efficient customer service. Moreover, the proliferation of electric vehicles (EVs) and autonomous driving technologies is reshaping consumer preferences and driving demand for digitally-enabled sales channels. As the automotive industry embraces digitalization, companies that adapt and innovate in the e-retail space are poised to thrive in the evolving landscape of automotive retail.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Components
    2. Market Snapshot, By Product
    3. Market Snapshot, By Region
  4. Global Automotive E-retail Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Convenience and Accessibility
        2. Expansion of E-commerce Platforms
        3. Changing Consumer Behavior
      2. Restraints
        1. Complexity of Product Representation
        2. Resistance from Traditional Dealerships
        3. Lack of Tangible Experience
      3. Opportunities
        1. North Integration of Augmented Reality (AR) and Virtual Reality (VR)
        2. Omni-channel Retailing Strategies
        3. Personalized Shopping Experiences
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive E-retail Market, By Components, 2020 - 2030 (USD Million)
      1. Engine Components
      2. Tires And Wheels
      3. Interior Accessories
      4. Electrical Product
    2. Global Automotive E-retail Market, By Product, 2020 - 2030 (USD Million)
      1. Two-wheelers
      2. Passenger cars
    3. Global Automotive E-retail Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Alibaba Group Holding Ltd
      2. Asbury Automotive Group Inc
      3. AutoNation Inc
      4. eBay Inc
      5. Group 1 Automotive Inc
      6. Hendrick Automotive Group
      7. Lithia Motors Inc
      8. Penske Corp
      9. Scout24 AG
      10. TrueCar Inc
  7. Analyst Views
  8. Future Outlook of the Market