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 forecast year is 2021. The increasing internet penetration, the current vehicle population, and increasing automobile sales have driven the market for automotive E-tailing.
Acquisitions were the most dominant strategy adopted by key market players to achieve growth in the automotive E-tailing market. Wal-Mart Stores, Inc. (U.S.), Robert Bosch GMBH (Germany), Advance Auto Parts (U.S.), Delticom AG (Germany), O’Reilly Auto Parts (U.S.), Flipkart (India) and Ebay Inc. (U.S.) are the major companies that adopted this strategy.
Agreements and strategic alliances were the second most adopted strategy by automotive E-tailing service providers to cater to the growing demand from customers. Advance Auto Parts (U.S.), Alibaba Group Holding Limited (China), Wal-Mart Stores, Inc. (U.S.), Amazon.com Inc. (U.S.), AutoZone (U.S.), Robert Bosch GMBH (Germany) are the companies which adopted this strategy to grow in the automotive E-tailing market. Along with this, the leading online service providers are also adopting this strategy order to expand their product base and customers.
The Alibaba Group Holding Ltd is one of the leading players in the global automotive E-tailing market. The company provides a common online marketplace for all automotive components. The company operates through three marketplaces i.e., Taobao Marketplace, Tmall, and AliExpress. Taobao is an online shopping destination for gross merchandise volume. Tmall is a third party platform for brands and retailers for bulk buying in China and AliExpress is a global consumer marketplace. The company is trying to further expand its business in high growth regions by signing multiple agreements with local players and government agencies in Australia, New Zealand, the U.K., and Canada. The company has also invested in startups in India.
Another important player in the industry is Amazon.com, Inc., which is one of the top global E-tailers, with 230,800 employees worldwide. The organization operates in North America through www.amazon.com, www.amazon.ca, and www.amazon.com.mx websites and has dedicated country specific websites for international operations. The company provides services at 33 availability zones across 12 geographic regions worldwide with 11 more availability zones, in Canada, China, the U.S., India, and the U.K., to begin functioning in the coming year.
SAP Hybris, a subsidiary of SAP SE, is a German company that sells enterprise multichannel e-commerce and product content management (PCM) software. It is one of the leading players in the global digital e-commerce software platform market. The company offers an omni-channel solution for B2B and B2C commerce. The company’s key developments includes opening a digital innovation space in Chengdu Tianfu Software Park that facilitates engagement between local and regional mega players to combine their offerings with SAP products, platforms and innovations to meet the increasing market demand in China. Additionally, it released a new version of SAP Hybris commerce solution that provides businesses with the tools and agility needed to advance their omni-channel commerce strategy
Automotive E-tailing Market by Vehicle Type, Vendor (OEM and Third Party), Product Label (Branded and Counterfeit), Components (Infotainment, Interior Accessories, Engine Components, Tires, and Electrical Products), Technology, and Region - Global Forecast to 2021
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