Report : South America 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 and 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 15.9% CAGR, the South America E-Commerce Automotive Aftermarket Market is speculated to be worth US$ 5832.27 million by 2028, says Business Market Insights           

According to the Insight Partners’ research, the South America e-commerce automotive aftermarket market was valued at US$ 2401.68 million in 2022 and is expected to reach US$ 5832.27 million by 2028, registering an annual growth rate of 15.9% from 2022 to 2028. Increasing customer awareness for automotive aftermarket and rise in DIY and DIFM consumers are the critical factors attributed to the market expansion.                  

An individual can obtain a broad variety of automotive replacement parts, accessories, equipment, and services through the aftermarket. When compared to regular car part vendors, such aftermarket purchases might be beneficial to the client. The growing awareness of such variables is influencing the SAM e-commerce automotive aftermarket market's future direction. Furthermore, to expand and extend their service offerings, auto parts companies have begun to increase their efforts in B2B & B2C interface, merchandising, and e-commerce competence. Amazon, for example, is lowering prices in order to boost sales of car products. Because of the lower product price and better affordability, small retailers are earning more profit. As regional e-commerce expands, so does the digitization of distribution channels and interface design. The growing usage of the internet, consumer spending per capita, and the number of individuals buying online all have a positive impact on the market value of automotive e-commerce, therefore driving the market across the region.

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

Based on product type, the South America e-commerce automotive aftermarket market is segmented into braking, steering and suspension, hub assemblies, universal joints, gaskets, filters, spark plug, and others. The braking segment is further sub segmented into brake pads, hydraulics and hardware, and rotor and drum. The steering and suspension segment is further sub segmented into ball joints, tie rods, sway bar links, bearings/seals, and others. The others held 29.76% market share in 2022, amassing US$ 714.67 million. It is projected to garner US$ 1853.39 million by 2028 to expand at 17.2% CAGR during 2022–2028.    

Based on consumer type, the South America e-commerce automotive aftermarket market is bifurcated into B2B and B2C. The B2C based held 64.55% market share in 2022, amassing US$ 1550.19 million. It is projected to garner US$ 3838.21 million by 2028 to expand at 16.3% CAGR during 2022–2028.  

Based on country, the South America e-commerce automotive aftermarket market has been categorized into the Brazil, Argentina, and rest of SAM.  Our regional analysis states that Brazil captured 55.62% market share in 2022. It was assessed at US$ 1335.83 million in 2022 and is likely to hit US$ 3289.84 million by 2028, exhibiting a CAGR of 16.2% during the forecast period.            

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

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