Australia Automotive Aftermarket e-Commerce Report 2022: A $3.822 Billion Market by 2030 - Increasing Number of Private-label Brands with Click-and-Mortar Retailing Gaining Momentum
Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Australia E-Commerce in Automotive Aftermarket Research Report: by Component, Channel, Consumer - Industry Revenue Estimation and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The Australia e-commerce in automotive aftermarket was worth around USD 1,503.5 million in 2022, and it will grow at a CAGR of 12.2% from 2022 to 2030, to touch USD 3,822.2 million by 2030.
This is due to the booming automotive aftermarket, escalating count of DIY customers, and convenience offered by online shopping platforms.
Third-Party Retailers Account for Higher Product Sales
The category of third-party retailers accounts for a share of 69.1% in the market. Access to a wide variety of products, simplicity of transactions, and promptness of deliveries are leading to a transition away from the traditional brick-and-mortar storefronts to online retailers for replacement automobile parts.
Moreover, the garage owners category accounted for the largest share, of 45.6%, in the industry in 2022. This is primarily because these organizations offer vehicle owners ease, accessibility, and low cost.
Furthermore, the ninth-largest market for U.S. vehicle parts exports is Australia. Domestic producers and importers both contribute nearly equal amounts to the USD 9.2-billion Australian aftermarket. Furthermore, a number of Australian companies, including Repco, Car Mods Australia, Carparts2u, and Pro Speed Racing, provide a selection of car replacement parts via online platforms.
Key Trend Is Click-and-Mortar Retailing
Click-and-mortar shopping is popular in the automotive aftermarket, but it is unclear how consumers feel about an all-online automotive aftermarket platform. This business model consists of conventional merchants with an internet presence, enabling consumers to purchase parts online, pay for them, and pick them up in-store.
Moreover, retailers may more easily contact customers by using e-commerce platforms, which also allows them to create an online presence, upload their inventory, and sell their products. On the demand side, customers benefit from a seamless and simple shopping experience as a result of not having to physically search for certain items in different stores.
Automotive Aftermarket Expansion Biggest Revenue Boost for Players
According to Macrotrends, Australia's urban population reached over 22.1 million in 2020, an increase of 1.43% from 2019; and 22.2 million in 2021, an increase of 0.32% from 2020. The rise in car ownership is being driven by the growing urbanization and rising disposable income. As a result, there is a high need for aftermarket components, as the VIO keeps increasing.
Additionally, Australia's automotive aftermarket would experience considerable growth due to the rising average age of cars. Car loans, which may last up to 5 or 6 years, and better-quality automobiles, which last longer themselves, are the major causes of the increase in their average age.
Convenience offered by online shopping channels
Increasing number of DIY customers
Growing automotive aftermarket
Increasing number of VIO
Increasing average age of vehicles
Rising number of road accidents
Inability of e-commerce to tend to immediate consumer needs
Increasing complexity of vehicles
Increasing number of private-label brands
Growing rate of digitization
Alibaba Group Holding Ltd.
Robert Bosch GmbH
HELLA GmbH & Co. KGaA
Car Mods Australia Pty Ltd.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit
1.5 Market Size Breakdown by Segment
1.6 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Definition of Market Segments
4.1 By Component
4.1.1 Engine Parts
18.104.22.168 Pistons and piston rings
22.214.171.124 Engine valves and parts
126.96.36.199 Fuel injection systems and carburetors
188.8.131.52 Powertrain components and others
4.1.2 Drive Transmission and Steering Parts
184.108.40.206 Steering systems
220.127.116.11 Clutch assembly systems and others
4.1.3 Suspension and Braking Parts
18.104.22.168 Brake calipers
22.214.171.124 Brake pads
126.96.36.199 Suspension systems
188.8.131.52 Headlights and lighting components
184.108.40.206 Wiper and washer systems
220.127.116.11 Dashboard instruments
4.1.5 Electrical Parts
18.104.22.168 Starter motors
22.214.171.124 Spark plugs
126.96.36.199 Electric ignition systems
188.8.131.52 Batteries and others
4.2 By Channel
4.2.1 Third-party retailer
4.2.2 Direct to consumer
4.3 By Consumer
4.3.1 Garage Owners
4.3.3 Spare parts retailers
Chapter 5. Industry Outlook
5.1 Market Dynamics
5.1.3 Impact Analysis of Drivers on Market Forecast
5.1.5 Impact Analysis of Restraints on Market Forecast
5.2 Impact of COVID-19
5.3 Value Chain Analysis
5.4 Porter's Five Forces Analysis
Chapter 6. Australia Market Size and Forecast
6.2 By Component
6.2.1 Engine Parts, by Component
6.2.2 Drive Transmission and Steering Parts, by Component
6.2.3 Suspension and Braking Parts, by Component
6.2.4 Equipment, by Component
6.2.5 Electrical Parts, by Component
6.3 By Channel
6.4 By Consumer
Chapter 7. Competitive Landscape
7.1 List of Other Players and Their Offerings
7.2 Competitive Analysis of Key Players
7.3 Comparison of Key Players
7.4 Strategic Developments in Market
7.4.1 Mergers and Acquisitions
7.4.2 Product Launches
7.4.4 Other Developments
Chapter 8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ggfbe8-e?w=12
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