DUBLIN, Nov. 02, 2022 (GLOBE NEWSWIRE) — The “Automotive E-Commerce Market by Component, By Vendor, By Vehicle Type, By Operation: Global Opportunity Analysis and Industry Forecast, 2021-2031” Report has been added ResearchAndMarkets.com Offer.
The global automotive industry has undergone enormous change in recent years. The Covid-19 pandemic is prompting vehicle manufacturers to focus on developing alternative distribution channels with minimal contact. In addition, consumers’ inclination towards online sales channel due to its ease is expected to greatly boost the demand for automotive e-commerce during the forecast period.
Asia Pacific dominates the market in terms of revenue, followed by Europe, North America and LAMEA. China dominated the automotive e-commerce market in 2021 while India is expected to grow significantly over the forecast period. The rapid growth of the automotive sector across all segments together with the increasing inclination of customers towards advancements in electronic accessories such as infotainment units, music systems and others are driving the growth of the automotive e-commerce market.
There are prominent key factors propelling automotive e-commerce market growth such as: B. the growth of automotive aftermarket services, the advancement of multiple payment methods and the increasing penetration of the internet and smartphones. The market economy is also responsible for the growth of the market.
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