Report : Asia Pacific E-Commerce Automotive Aftermarket Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type [Braking (Brake Pads, Hydraulics and Hardware, and Rotor & Drum), Steering and Suspension (Ball Joints, Tie Rods, Sway Bar Links, Bearings/Seals, and Others), Hub Assemblies, Universal Joints, Gaskets, Filters, Spark Plug, and Others) and Consumer Type (B2B and B2C)

At 19.8% CAGR, the Asia Pacific E-Commerce Automotive Aftermarket Market is speculated to be worth US$ 42463.01 million by 2028, says Business Market Insights           

According to Business Market Insights’ research, The Asia Pacific E-Commerce Automotive Aftermarket Market was valued at US$ 14365.85 million in 2022 and is expected to reach US$ 42463.01 million by 2028, registering an annual growth rate of 19.8% from 2022 to 2028. Rise in DIY and DIFM consumers and increasing customer awareness for automotive aftermarket are the critical factors attributed to the market expansion.                  

Amazon and eBay have same-day shipping of automotive aftermarket in many locations. They have business relationships with a few of the world's major parts manufacturers such as Robert Bosch GmbH, Denso Corp., Magna International Inc., Continental AG, ZF Friedrichshafen AG and offer installation services. Traditional auto parts suppliers know Customers who purchase automotive aftermarket components for DIY reasons will be the first segment to transition to digital e-commerce websites rather than traditional auto parts suppliers, so maintaining a consistent business with commercial merchants and technicians is a unique strategy to stay competitive. While the growing number of older cars on the road can raise immediate DIY demand, DIY repairs will surely become more challenging with more complicated automobiles. The standard features of the latest autos include sensors to detect lane changes, 360° cameras, and technology that requires expert assistance. In a do-it-for-me (DIFM) trend, consumers owning such advanced cars are likely to grow dependent on auto repair businesses and mechanics. The APAC e-commerce automotive aftermarket industry must continue to exploit digital B2C (business-to-consumer), B2B (business-to-business) marketplaces, and the growing supply chains that support these marketplaces as competitors continue to pursue this lucrative market. As a result, the increasing number of customers adopting to the online purchase of automotive components in the e-commerce automotive sector is expected to create new opportunities in the APAC e-commerce automotive aftermarket market.

 On the contrary, challenges faced in issues counterfeit auto parts overshadow original components hurdles the growth of the Asia Pacific e-commerce automotive aftermarket market.

Based on product type, the Asia Pacific e-commerce automotive aftermarket market is segmented into braking, steering & suspension, hub assemblies, universal joints, gaskets, filters, spark plug, and others. The braking segment is further sub segmented into brake pads, hydraulics & hardware, and rotor & drum. The steering & suspension segment is further sub segmented into ball joints, tie rods, sway bar links, bearings/seals, and others. The others held 30.42% market share in 2022, amassing US$ 4369.95 million. It is projected to garner US$ 13780.57 million by 2028 to expand at 21.1% CAGR during 2022–2028.    

Based on consumer type, the Asia Pacific e-commerce automotive aftermarket market is bifurcated into B2B and B2C. The B2C based held 60.47% market share in 2022, amassing US$ 8687.69 million. It is projected to garner US$ 26114.68 million by 2028 to expand at 20.1% CAGR during 2022–2028.  

Based on country, the Asia Pacific e-commerce automotive aftermarket market has been categorized into the China, Japan, India, South Kora, Australia, and Rest of APAC.  Our regional analysis states that China captured 33.71% market share in 2022. It was assessed at US$ 4842.64 million in 2022 and is likely to hit US$ 16,109.49 million by 2028, exhibiting a CAGR of 22.2% during the forecast period.            

The key companies operating in the Asia Pacific E-commerce Automotive Aftermarket Market are Alibaba Group Holding Limited; Amazon.com, Inc.; Shopee365; eBay Inc.; LKQ Corporation; and Denso Corporation. Several companies are functioning in the market and contributing substantial revenues toward the Asia Pacific e-commerce automotive aftermarket market growth.

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