Global Automotive E-retail Market 2017-2021

This industry research report identifies Alibaba Group, Paytm, Amazon, and Flipkart as the key vendors in the global automotive e-retail market. This industry research report also presents a competitive analysis of the market by product (two-wheelers and passenger cars) and by geography (APAC, Europe, and the US).

Overview of the global automotive e-retail market

Market research analysts at Technavio predict that the global automotive e-retail market will grow steadily over the next four years and in terms of units, will post a CAGR of around 34% by 2021. Our automotive e-retail market research report, identifies the growth of global e-commerce industry as the key factor in the market. Factors such as the rising internet penetration, a surge in the number of online shoppers, and a rise in per capita income, will fueling the growth of e-commerce industry, consequently fueling the growth of the automotive e-retail market. Developing regions such as APAC, Middle East, Africa, Central and Eastern Europe, and Latin America will showcase a potential growth in e-commerce in the automotive e-retail market. A gradual rise in employment rates coupled with the recovering economy is also projected to influence the growth of e-commerce in the US. In Europe, the growth of automotive e-retail industry is attributed to the rising acceptance of online shopping among people.

Along with the extensive growth of the e-commerce industry, the rising popularity and subsequent sale of electric two wheelers online is also contributing to the growth of the automotive e-retail market. Owing to factors such as the fluctuating fuel prices and the rising population levels, the governments are focusing on green modes of transportation. In addition, to reduce the dependence on petroleum products, governments are promoting the sale of electric vehicles. This growing concern about fluctuating fuel prices and a shift toward environmental-friendly products such as bio-compressed natural gas will, in turn, influence the growth of the automotive e-retail market.

Competitive landscape and key vendors

The automotive e-retail market is highly competitive with the presence of limited well-established players. Moreover, the entry of additional e-commerce giants such as Amazon, which is yet to stand out in the automotive e-retail market is likely to promote the competition in the market. Since the market has limited entry barriers, the coming years will witness the entry of a number of new players, which will further intensify the level of competition among the market players.

The leading vendors in the market are –

Alibaba Group
Paytm
Amazon
Flipkart
The other prominent vendors in the market are eBay and Snapdeal.

Segmentation by product and analysis of the automotive e-retail market

Two-wheelers
Passenger Cars

The passenger cars segment accounted for a major share of the market during 2016. With the robust penetration of automotive retailing in the US and Europe, the market is likely to showcase a substantial growth over the next four years. Owing to the factors such as the high internet penetration and convenience, consumers are opting to buy passengers cars through online platforms. Moreover, a predominant growth in the e-commerce industry coupled with the sturdy economic growth will also push the growth of the automotive e-retail market in this segment over the next four years.

Market segmentation by geography and analysis of the automotive e-retail market
APAC
Europe
US

During 2016, the US accounted for the majority of the market shares of the automotive e-retail market. A significant rise in e-commerce and an increase in the employment rates are the major factors fueling the growth of the automotive e-retail market. Moreover, a joint dealership among the automotive dealers and the retail vendors to facilitate the sale of vehicles is also contributing to the e-retailing market. For instance, TrueCar, a leading e-retailing site offers a range of dealer information to facilitate the sale of the vehicles. The website allows the consumers to pre-book a vehicle through online portals and can make further payments at the showrooms. These retailing options will further promote the growth of the automotive e-retail market.

Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global automotive e-retail market?
What are the key market trends impacting the growth of the global automotive e-retail market?
What are the challenges to market growth?
Who are the key vendors in the global automotive e-retail market?
What are the market opportunities and threats faced by the vendors in the global automotive e-retail market?
Trending factors influencing the market shares in APAC, Europe, and the US?
What are the key outcomes of the five forces analysis of the global automotive e-retail market?