The total value of the global e-commerce automotive aftermarket was USD 78,631.4 million in 2021, and it will rise at a growth rate of above 10.4% shortly, reaching USD 191,545.7 million by 2030, according to PS Intelligence. This growth can be credited to the growing count of DIY customers. Other key boosting factors for the industry are the ease provided by online shopping platforms and the rising industry.

With the growing average time of life of vehicles, the industry is projected to experience substantial development in emerging regions, such as LAMEA and APAC. For example, the average time of life of vehicles in China was ~5.8 years, while in the U.S., it was ~12.1 years, in recent years. This growth in the average age of cars is primarily because of car loans, which stretch for up to 45 years, and improved-quality vehicles, which themselves last lengthier.

Furthermore, as per the Department of Transport of the U.K., the average age of vehicles has increased from 6.8 years in 1994 to 8.7 years in 2020.

Emerging markets, such as Brazil, China, and India, are projected to experience further growth in the average age of vehicles in the coming few years, which will boost industry development. Aftermarket element manufacturers will contest to get new customers with different approaches, like an e-commerce existence and extensive product portfolios.

In recent years, the B2B category led the e-commerce automotive aftermarket with over 73% market share. This can be credited to the facility of simple payment choices, heavy discounts on bulk purchasing, and doorstep transport of heavy parts on online platforms, therefore decreasing logistics prices, to entice B2B consumers.

Furthermore, the rising economies and per-capita incomes have encouraged peoples engagement in online automobile component buying goings-on. There is similarly a boom in online automobile dealings, which has raised automobile ownership, therefore boosting the need for substitute parts and providing motivation to the industry growth in the B2C bifurcation.

In the recent, the APAC region dominated the market, with approximately 38% revenue share. This growth can be credited to the fact that the region is the largest automotive market in the world, making approximately 50 million vehicles per annum.

The growth in the GDP and the surge in the per-capita income of individuals in developing nations, such as South Korea, China, and India, are the main factors driving vehicle sales and, consequently, the online buying of aftermarket components in the APAC region.