DUBLIN, March 2, 2023 /PRNewswire/ — 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.
Companies Covered
- Alibaba Group Holding Ltd.
- Robert Bosch GmbH
- Amazon.com Inc.
- eBay Inc.
- Carparts2u
- Belipart
- HELLA GmbH & Co. KGaA
- Meritor Inc.
- Car Mods Australia Pty Ltd.
- Ubuy Co.
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.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Definition of Market Segments
4.1 By Component
4.1.1 Engine Parts
4.1.1.1 Pistons and piston rings
4.1.1.2 Engine valves and parts
4.1.1.3 Fuel injection systems and carburetors
4.1.1.4 Powertrain components and others
4.1.2 Drive Transmission and Steering Parts
4.1.2.1 Gearboxes
4.1.2.2 Wheels
4.1.2.3 Steering systems
4.1.2.4 Axles
4.1.2.5 Clutch assembly systems and others
4.1.3 Suspension and Braking Parts
4.1.3.1 Brake calipers
4.1.3.2 Brake pads
4.1.3.3 Suspension systems
4.1.3.4 Others
4.1.4 Equipment
4.1.4.1 Headlights and lighting components
4.1.4.2 Wiper and washer systems
4.1.4.3 Dashboard instruments
4.1.4.4 Others
4.1.5 Electrical Parts
4.1.5.1 Starter motors
4.1.5.2 Spark plugs
4.1.5.3 Electric ignition systems
4.1.5.4 Batteries and others
4.1.6 Miscellaneous
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
4.3.2 Mechanics
4.3.3 Spare parts retailers
4.3.4 B2C
Chapter 5. Industry Outlook
5.1 Market Dynamics
5.1.1 Trends
5.1.1.1 Click-and-mortar retailing
5.1.2 Drivers
5.1.2.1 Convenience offered by online shopping channels
5.1.2.2 Increasing number of DIY customers
5.1.2.3 Growing automotive aftermarket
5.1.2.3.1 Increasing number of VIO
5.1.2.3.2 Increasing average age of vehicles
5.1.2.3.3 Rising number of road accidents
5.1.3 Impact Analysis of Drivers on Market Forecast
5.1.4 Restraints
5.1.4.1 Inability of e-commerce to tend to immediate consumer needs
5.1.4.2 Increasing complexity of vehicles
5.1.5 Impact Analysis of Restraints on Market Forecast
5.1.6 Opportunities
5.1.6.1 Increasing number of private-label brands
5.1.6.2 Growing rate of digitization
5.2 Impact of COVID-19
5.3 Value Chain Analysis
5.4 Porter’s Five Forces Analysis
5.4.1 Bargaining Power of Buyers
5.4.2 Bargaining Power of Suppliers
5.4.3 Intensity of Rivalry
5.4.4 Threat of New Entrants
5.4.5 Threat of Substitutes
Chapter 6. Australia Market Size and Forecast
6.1 Overview
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
7.4.3 Partnerships
7.4.4 Other Developments
Chapter 8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/3je201-on-the?w=5-e?w=5
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