What is Car e-commerce?
High Adoption of global e-commerce industry as well as growing digitization of channels and interfaces will help to boost global car e-commerce market. Car e-commerce includes buying car digitally. Factors such as aging car fleet, greater price transparency, Growth in internet penetration and growing influence of digital transformation will help to grow car e commerce industry in forecasted period. Car E-commerce offers variety of services from car component and access.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Amazon.com, Inc. (United States), eBay Inc. (United States), Taobao (China), Tmall.com (China), Alibaba Group Holding Limited (China), Wal-Mart Stores, Inc. (United States), JD.com, Inc. (China), Snapdeal (India), Denso Corporation (Japan), American Tire Distributors Holdings, Inc. (United States), CarMax (United States) and Guazi (China) |
The study covers a detailed analysis segmented by key business segments i.e. by type (New Car and Used Car) , by application (Personal and Commercial) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Car e-commerce market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Car e-commerce market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Amazon.com, Inc. (United States), eBay Inc. (United States), Taobao (China), Tmall.com (China), Alibaba Group Holding Limited (China), Wal-Mart Stores, Inc. (United States), JD.com, Inc. (China), Snapdeal (India), Denso Corporation (Japan), American Tire Distributors Holdings, Inc. (United States), CarMax (United States) and Guazi (China).
Market Overview:
In January 2022, Amazon partnered with Stellantis and deliver software solutions for Stellantis’ new digital cabin platform and Introduced Customer-Centric Connected Experiences across Millions of Vehicles, Helping Accelerate Stellantis Software Transformation. This helped company to expand its presence in car e-commerce market
Government of the United States has requested Indian Government officials to reconsider the rules amended from the 1st February 2019, which might hamper future investments plans of the E-Commerce giants Amazon and Walmart Inc. which are assisting Indian economy by pouring billions of dollars in the Indian market. The new E-commerce rules designed by the Indian Government are favorable to the local dealers and other E commerce service providers who will compete the global leaders in the local market thus Walmart and Amazon are expected to change its business structure in India else both the companies are expected to get hurt by the rules and regulations imposed by Indian government.
Car e-commerce market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology AI and MI. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Growing Adoption of Artificial Intelligence in Developing E-Commerce Portals and Growing Inclusion of Product Content Syndication
Market Growth Drivers:
Minimized Distribution Overheads Due to increased Adoption of E-Commerce Portals and Growing Influence of Digital Transformations across the Globe
Challenges:
Security and Payment Vulnerabilities will further complicate the Business Growth and Skilled Workforce is required for Backend Development and Maintenance E-commerce Portals
Restraints:
Lack of Physical Presence and Feel for the Automobiles on E commerce Portals and Vulnerable to opt Transactions with Uncertified Buyers and Sellers
Opportunities:
Increasing Awareness and Trust in E commerce Portals and Neglects Middlemen and Brokers which further minimized the Purchasing Expenses and Taxes
Key highlights of the Global Car e-commerce market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Car e-commerce market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Car e-commerce market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Car e-commerce Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Car e-commerce market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Car e-commerce market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Car E-Commerce Service Provides, Car Resellers, Automobile Industry Associations, Research and Development Firms, Government Regulators, International Investors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.