Automotive industry Trends 2014
Aftermarket auto parts on the web keeps growing as a sales channel, and web product sales will break the $6 billion mark in 2015.
It’s an amazing online shopping development statistic for the business and automobile parts market dimensions are an aftermarket industry trend that individuals follow closely.
On line product sales of brand new auto parts, excluding online auctions, broke $5 billion the very first time in 2014 and can boost over 17percent to hit $6 billion in 2015.
That trend will stay when it comes to foreseeable future with projected annual development prices of between 14percent and 18percent.
From 2013 through 2018, discover about a $1 billion increase in on the web product sales each year.
Online car parts marketplace dimensions: eTailing inside automotive aftermarket
We originally projected internet based sales would reach $6.5 billion in 2016 but our business is seeing a little faster online growth at this time and we’re forecasting 2016 become over $7 billion in online product sales.
Within yearly forecast we count online product sales of brand new (including remanufactured) car components and add-ons, and then we exclude used components in addition to online auctions including eBay Motors. We in addition omit product sales through marketplaces, a rapidly-growing sales channel, where merchants sell through Amazon, Newegg, Sears, also web sites.
Incorporating sale and marketplaces would significantly increase the web sales figure. We start thinking about auction web sites like eBay Motors, and marketplaces including Newegg or Sears, to be product sales stations because of the few online stores that sell in this manner; we want to prevent double-counting product sales.
On line product sales of pre-owned car parts is an evergrowing marketplace part and also at some point we possibly may keep track of on line used components product sales individually.
Drivers of on line auto components product sales growth
When we glance at the organizations selling automobile components, vehicle components or accessories online, 19 from the top 50 trusted online retailers started off within the pre-Internet times as mail order businesses or car components chain shops, or are actually owned by an auto parts chain, so transitioning to internet based sales was a natural development for these merchants. Amazon.com, the biggest internet based store of auto components, has received steady development. Amazon has received greater growth prices than the aftermarket industry all together when it comes to past a long period and has now usually been 20percent to up to 30percent.
The rest of the 30 “etailers” through the top 50 mainly built their particular product sales as more recent online “pure-play” merchants.
Automobile components evaluation methodology
We’ve monitored web car parts sales since 2007 and make use of a mixture of business study, styles analysis, U.S. Census information, interviews with industry sources, analysis of third-party data and statistical modeling.
Quoting the internet automotive trends pointed out inside web log
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