DUBLIN, Dec 19, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Automotive E-tailing Market by Vehicle Type, Vendor, Product Label, Component, Technology, and Region - Global Forecast to 2021" report to their offering.
The global automotive e-tailing market is projected to grow at a CAGR of 12.53% during the forecast period, to reach USD 49.07 Billion by 2021 from an estimated USD 27.19 Billion in 2016. The base year for the report is 2015 and the forecast year is 2021. The current vehicle population, increasing automobile sales, and increasing penetration of internet has led to the increase in online sales of automotive components.
The online sales of automotive components for the passenger car segment is the fastest growing segment in the global automotive e-tailing market. The growth can be attributed to the growing sales of passenger cars across the globe coupled with the present passenger car population of about 1 billion. The increasing internet penetration, rise in the sales of passenger cars, existing vehicle population and the time and cost convenience of purchasing parts online are the major factors which are contributing to this growth.
North America is the leading the E-commerce software platform market in 2016 but by the end of the forecast period, the Asia-Pacific region is projected to lead the market. Some of the key drivers for this growth trend include the presence of a large number of SMB retailers in the region, increasing consumer spending on e-commerce, and increased adoption of SaaS and mobile technology.
The Asia-Pacific region has the largest market share in the automotive e-tailing market. China is the largest market, followed closely by the U.S., because of its advanced technological infrastructure, high internet penetration, and huge vehicle population.
- Advance Auto Parts, Inc.
- Alibaba Group Holding Ltd.
- Amazon.com, Inc.
- AutoZone, Inc.
- Delticom AG
- eBay Inc.
- O'Reilly Automotive Inc.
- Robert Bosch GMBH
- Wal-Mart Stores, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive E-tailing Market, by Region
7 Automotive E-tailing Market, by Vehicle Type
8 Automotive E-tailing Market, by Component
9 Automotive E-Taling Market, by Product Label Type
10 Automotive E-tailing Market, by Vendor Type
11 E-Commerce Digital Software Platform Market
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/bdvvrt/automotive
Research and Markets
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/automotive-e-tailing-market-by-vehicle-type-vendor-product-label-component-technology--region---global-forecast-to-2021---research-and-markets-300379834.html
SOURCE Research and Markets