Market research future published a half-cooked research report on global automotive e-commerce market. The global market for global automotive e-commerce market is expected to grow at 6.87% CAGR.
The global automotive e-commerce market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of automotive e-commerce market is influenced by the aging vehicle fleet, digitization of channels and interfaces, growth of global e-commerce industry and higher price transparency & greater diversity of parts. Identification of the damaged parts and installation of the parts that have been purchased online, are expected to hinder the growth of the automotive e-commerce market.
A large number of consumers are willing to take the next step, from evaluating vehicles online to buying them. The rise of B2C and B2B ecommerce framework for selling parts online has pushed traditional aftermarket stakeholders such as Original Equipment Manufacturers (OEM), distributors, Dealers are to establish more channels to improve the availability of parts, improve customer service and to bring transparency in the order tracking system. Moreover, increasing influence of digital transformation is reshaping the global automotive industry. Automotive aftermarket, the secondary market of the automotive industry is also experiencing this paradigm shift from traditional view, which will positively influence the automotive e-commerce growth.
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