Automotive E Commerce Market
Automotive E-Commerce Market Forecasts to 2028 - Global Analysis By Vehicle Type (Commercial Vehicle, Passenger Car and Two Wheeler), Vendors (Third Party Vendors and Original Equipment Manufacturer (OEM)), Component (Electrical Products, Engine Component, Exterior Accessories and Other Components), Operation (Warehouse and Transportation), Application and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $75.28 BN |
|
Projected Year Value (2028) |
US $203.42 BN |
|
CAGR (2022 - 2028) |
18.02% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Fastest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Automotive E-Commerce Market is accounted for $75.28 billion in 2022 and is expected to reach $203.42 billion by 2028 growing at a CAGR of 18.02% during the forecast period. Automotive e-commerce, also referred to as automotive electronic commerce, refers to the online buying and selling of automobiles and auto parts. This is possible with mobile tablets, PCs, and phones. Additionally, there is no requirement to classify the process of selling cars online. Sales that are conducted both offline and online are common.
According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2020, production declined by 16% globally to less than 78 million vehicles, equivalent to sales levels in 2010.
Market Dynamics:
Driver:
Advancement of multiple payment modes
The development of e-commerce platforms has been aided by innovative payment technology solutions. The future-proofing of e-commerce merchants' enterprises can be achieved by investing in this technology. Modern payment methods not only make it simple for customers to shop online, but they also make it simple for retailers to support e-commerce. Due to the global upsurge in e-payments, retailers are in need of partnerships and technology to handle credit card payments as well as payments via digital wallets for purchase now, pay later transactions. Both the retailer and the client can gain greatly from payment technology.
Restraint:
Increasing share of counterfeiting
The growth of the market is anticipated to be constrained by the rising availability of counterfeit auto parts and components. Genuine/original vehicle parts are replicated by a number of manufacturers and sold for less money. The market for fake goods typically focuses on industries that are simple to imitate and have a high rate of turnover, including tie rods, steering arms, windshields, taillamps, headlamps, bumpers, and filters. Due to an increase in auto component manufacturers, the need for counterfeit auto parts is rising globally. These parts are of poor quality and frequently malfunction. It creates a bad reputation, which has an impact on automotive e-commerce sales.
Opportunity:
Increasing consumer comfort with online purchasing
Customers are used to the efficiency and convenience of internet buying. When making purchases online, they have higher faith in their capacity to negotiate a reasonable price and return the item. Consumer satisfaction with automobile purchases has improved with digitization, reaching an all-time high of 72% in 2020, up from 60% in 2019, according to a recent poll of consumers in the U.S. by Cox Automotive. 80% of consumers today say they want to buy a vehicle online, at least in part. Compared to the last time they bought a car, 64% of consumers want to make more purchases online this time. 25% of consumers predicted they would make all of their purchases online in 2021.
Threat:
Online frauds and cyber security issues
As more people purchase for both necessary and non-necessary items online from the comfort of their homes, fraudsters have developed more sophisticated strategies to target customers, banks, and retailers. According to a recent Forter report, fraud attacks throughout the online retail environment surged by 19 percent globally between 2018 and 2019. These attacks range from return fraud and shipping fraud to account takeovers, identity theft, and other developing dangers. Increased phishing assaults have already been reported by banks and retailers. More than ever, e-commerce merchants must be aware of current fraud trends and consult with their partners and service providers to develop measures to reduce and avoid losses.
Covid-19 Impact
The COVID-19 outbreak caused a significant drop in the supply of key raw materials for automotive components. Numerous small and large participants in the automobile industry are dealing with problems such production halts, limited part supplies, government-mandated plant closures, inefficient output during lockdowns, reduced workforce, declining liquidity, and others. To build momentum in the market, players began concentrating on reducing such risks and advances as regulations were eased. However, there is a significant demand for online shopping in many markets, which forces logistics and manufacturing companies to expand their expenditures in automation, particularly supply chain automation, which in turn drives the market's expansion.
The passenger car segment is expected to be the largest during the forecast period
The passenger car segment is estimated to have a lucrative growth, due to increase in demand for comfort and convenience accessories for passenger cars. To enhance the shopping experience for customers, e-retailers use innovative and optimized search engines. By adding filters to a variety of criteria, including vehicle specifications, pricing, vehicle trim, vehicle make, vehicle amenities, and exterior color, end users can choose passenger automobiles using these search engines. Most sellers also give customers the option to compare different passenger automobiles, which aids in the purchasing process.
The engine components segment is expected to have the highest CAGR during the forecast period
The engine components segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the ongoing increase in vehicle and fleet ageing. Pistons and rings, bearings, engine blocks and cylinder heads, valves and filters are the vehicle parts that fall under the category of engine components. Furthermore, the industry is growing since tyres and wheels need to be replaced frequently because they wear out quickly.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to the growing preference of regional consumers for online shopping, the availability of well-developed infrastructure, the expanding demand for premium and luxury cars, and the rising need for hassle-free purchasing.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the rise of e-commerce and major auto e-commerce players like Alibaba Group, Amazon.com, eBay Inc., and Flipkart Internet Private Limited are present. The market is also expected to grow as a result of partnerships between brick-and-mortar retailers and e-commerce platform providers and government programmes like Digital India.
Key players in the market
Some of the key players profiled in the Automotive E-Commerce Market include Advance Auto Parts, Alibaba Group Holding Limited, Amazon, Arch Auto Parts, AutoZone, Inc., Bosch Auto Parts, Delticom AG, eBay Inc., Flipkart, JC Whitney, Napa Auto Parts, O’Reilly Auto Parts, Walmart
Key Developments:
In July 2021, MasterBeat Corporation announced that its JTEC Autoworld launched the Amazon retail segment of its online automotive parts platform. JTEC is planning to utilize Amazon and other e-commerce platforms to accelerate its marketing & sales.
In January 2022, Amazon and automaker Stellantis announced a strategic partnership to develop cars and trucks with Amazon software in the dashboards and deploy nd made by Stellantis on Amazon's delivery network.
In October 2020, BMW signed an MoU with Alibaba. According to the MoU, Alibaba and BMW will jointly launch the first online sales and services businesses engaging dealers among premium auto brands to create a smooth end-to-end online-to-offline digital experience.
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Car
• Two Wheeler
Vendors Covered:
• Third Party Vendors
• Original Equipment Manufacturer (OEM)
Components Covered:
• Electrical Products
• Engine Component
• Exterior Accessories
• Informational and Multimedia
• Interior Accessories
• Tires and Wheels
Operations Covered:
• Warehouse
• Transportation
Applications Covered:
• Business to Business (B2B)
• Business to Consumer (B2C)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive E-Commerce Market, By Vehicle Type
5.1 Introduction
5.2 Commercial Vehicle
5.3 Passenger Car
5.4 Two Wheeler
6 Global Automotive E-Commerce Market, By Vendors
6.1 Introduction
6.2 Third Party Vendors
6.3 Original Equipment Manufacturer (OEM)
7 Global Automotive E-Commerce Market, By Component
7.1 Introduction
7.2 Electrical Products
7.3 Engine Component
7.4 Exterior Accessories
7.5 Informational and Multimedia
7.6 Interior Accessories
7.7 Tires and Wheels
8 Global Automotive E-Commerce Market, By Operation
8.1 Introduction
8.2 Warehouse
8.3 Transportation
9 Global Automotive E-Commerce Market, By Application
9.1 Introduction
9.2 Business to Business (B2B)
9.3 Business to Consumer (B2C)
10 Global Automotive E-Commerce Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Advance Auto Parts
12.2 Alibaba Group Holding Limited
12.3 Amazon
12.4 Arch Auto Parts
12.5 AutoZone, Inc.
12.6 Bosch Auto Parts
12.7 Delticom AG
12.8 eBay Inc.
12.9 Flipkart
12.10 JC Whitney
12.12 Napa Auto Parts
12.12 O’Reilly Auto Parts
12.13 Walmart
List of Tables
1 Global Automotive E-Commerce Market Outlook, By Region (2020-2028) ($MN)
2 Global Automotive E-Commerce Market Outlook, Vehicle Type (2020-2028) ($MN)
3 Global Automotive E-Commerce Market Outlook, Commercial Vehicle (2020-2028) ($MN)
4 Global Automotive E-Commerce Market Outlook, Passenger Car (2020-2028) ($MN)
5 Global Automotive E-Commerce Market Outlook, Two Wheeler (2020-2028) ($MN)
6 Global Automotive E-Commerce Market Outlook, Vendors (2020-2028) ($MN)
7 Global Automotive E-Commerce Market Outlook, Third Party Vendors (2020-2028) ($MN)
8 Global Automotive E-Commerce Market Outlook, Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
9 Global Automotive E-Commerce Market Outlook, Component (2020-2028) ($MN)
10 Global Automotive E-Commerce Market Outlook, Electrical Products (2020-2028) ($MN)
11 Global Automotive E-Commerce Market Outlook, Engine Component (2020-2028) ($MN)
12 Global Automotive E-Commerce Market Outlook, Exterior Accessories (2020-2028) ($MN)
13 Global Automotive E-Commerce Market Outlook, Informational and Multimedia (2020-2028) ($MN)
14 Global Automotive E-Commerce Market Outlook, Interior Accessories (2020-2028) ($MN)
15 Global Automotive E-Commerce Market Outlook, Tires and Wheels (2020-2028) ($MN)
16 Global Automotive E-Commerce Market Outlook, Operation (2020-2028) ($MN)
17 Global Automotive E-Commerce Market Outlook, Warehouse (2020-2028) ($MN)
18 Global Automotive E-Commerce Market Outlook, Transportation (2020-2028) ($MN)
19 Global Automotive E-Commerce Market Outlook, Application (2020-2028) ($MN)
20 Global Automotive E-Commerce Market Outlook, Business to Business (B2B) (2020-2028) ($MN)
21 Global Automotive E-Commerce Market Outlook, Business to Consumer (B2C) (2020-2028) ($MN)
22 North America Automotive E-Commerce Market Outlook, Country (2020-2028) ($MN)
23 North America Automotive E-Commerce Market Outlook, Vehicle Type (2020-2028) ($MN)
24 North America Automotive E-Commerce Market Outlook, Commercial Vehicle (2020-2028) ($MN)
25 North America Automotive E-Commerce Market Outlook, Passenger Car (2020-2028) ($MN)
26 North America Automotive E-Commerce Market Outlook, Two Wheeler (2020-2028) ($MN)
27 North America Automotive E-Commerce Market Outlook, Vendors (2020-2028) ($MN)
28 North America Automotive E-Commerce Market Outlook, Third Party Vendors (2020-2028) ($MN)
29 North America Automotive E-Commerce Market Outlook, Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
30 North America Automotive E-Commerce Market Outlook, Component (2020-2028) ($MN)
31 North America Automotive E-Commerce Market Outlook, Electrical Products (2020-2028) ($MN)
32 North America Automotive E-Commerce Market Outlook, Engine Component (2020-2028) ($MN)
33 North America Automotive E-Commerce Market Outlook, Exterior Accessories (2020-2028) ($MN)
34 North America Automotive E-Commerce Market Outlook, Informational and Multimedia (2020-2028) ($MN)
35 North America Automotive E-Commerce Market Outlook, Interior Accessories (2020-2028) ($MN)
36 North America Automotive E-Commerce Market Outlook, Tires and Wheels (2020-2028) ($MN)
37 North America Automotive E-Commerce Market Outlook, Operation (2020-2028) ($MN)
38 North America Automotive E-Commerce Market Outlook, Warehouse (2020-2028) ($MN)
39 North America Automotive E-Commerce Market Outlook, Transportation (2020-2028) ($MN)
40 North America Automotive E-Commerce Market Outlook, Application (2020-2028) ($MN)
41 North America Automotive E-Commerce Market Outlook, Business to Business (B2B) (2020-2028) ($MN)
42 North America Automotive E-Commerce Market Outlook, Business to Consumer (B2C) (2020-2028) ($MN)
43 Europe Automotive E-Commerce Market Outlook, Country (2020-2028) ($MN)
44 Europe Automotive E-Commerce Market Outlook, Vehicle Type (2020-2028) ($MN)
45 Europe Automotive E-Commerce Market Outlook, Commercial Vehicle (2020-2028) ($MN)
46 Europe Automotive E-Commerce Market Outlook, Passenger Car (2020-2028) ($MN)
47 Europe Automotive E-Commerce Market Outlook, Two Wheeler (2020-2028) ($MN)
48 Europe Automotive E-Commerce Market Outlook, Vendors (2020-2028) ($MN)
49 Europe Automotive E-Commerce Market Outlook, Third Party Vendors (2020-2028) ($MN)
50 Europe Automotive E-Commerce Market Outlook, Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
51 Europe Automotive E-Commerce Market Outlook, Component (2020-2028) ($MN)
52 Europe Automotive E-Commerce Market Outlook, Electrical Products (2020-2028) ($MN)
53 Europe Automotive E-Commerce Market Outlook, Engine Component (2020-2028) ($MN)
54 Europe Automotive E-Commerce Market Outlook, Exterior Accessories (2020-2028) ($MN)
55 Europe Automotive E-Commerce Market Outlook, Informational and Multimedia (2020-2028) ($MN)
56 Europe Automotive E-Commerce Market Outlook, Interior Accessories (2020-2028) ($MN)
57 Europe Automotive E-Commerce Market Outlook, Tires and Wheels (2020-2028) ($MN)
58 Europe Automotive E-Commerce Market Outlook, Operation (2020-2028) ($MN)
59 Europe Automotive E-Commerce Market Outlook, Warehouse (2020-2028) ($MN)
60 Europe Automotive E-Commerce Market Outlook, Transportation (2020-2028) ($MN)
61 Europe Automotive E-Commerce Market Outlook, Application (2020-2028) ($MN)
62 Europe Automotive E-Commerce Market Outlook, Business to Business (B2B) (2020-2028) ($MN)
63 Europe Automotive E-Commerce Market Outlook, Business to Consumer (B2C) (2020-2028) ($MN)
64 Asia Pacific Automotive E-Commerce Market Outlook, Country (2020-2028) ($MN)
65 Asia Pacific Automotive E-Commerce Market Outlook, Vehicle Type (2020-2028) ($MN)
66 Asia Pacific Automotive E-Commerce Market Outlook, Commercial Vehicle (2020-2028) ($MN)
67 Asia Pacific Automotive E-Commerce Market Outlook, Passenger Car (2020-2028) ($MN)
68 Asia Pacific Automotive E-Commerce Market Outlook, Two Wheeler (2020-2028) ($MN)
69 Asia Pacific Automotive E-Commerce Market Outlook, Vendors (2020-2028) ($MN)
70 Asia Pacific Automotive E-Commerce Market Outlook, Third Party Vendors (2020-2028) ($MN)
71 Asia Pacific Automotive E-Commerce Market Outlook, Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
72 Asia Pacific Automotive E-Commerce Market Outlook, Component (2020-2028) ($MN)
73 Asia Pacific Automotive E-Commerce Market Outlook, Electrical Products (2020-2028) ($MN)
74 Asia Pacific Automotive E-Commerce Market Outlook, Engine Component (2020-2028) ($MN)
75 Asia Pacific Automotive E-Commerce Market Outlook, Exterior Accessories (2020-2028) ($MN)
76 Asia Pacific Automotive E-Commerce Market Outlook, Informational and Multimedia (2020-2028) ($MN)
77 Asia Pacific Automotive E-Commerce Market Outlook, Interior Accessories (2020-2028) ($MN)
78 Asia Pacific Automotive E-Commerce Market Outlook, Tires and Wheels (2020-2028) ($MN)
79 Asia Pacific Automotive E-Commerce Market Outlook, Operation (2020-2028) ($MN)
80 Asia Pacific Automotive E-Commerce Market Outlook, Warehouse (2020-2028) ($MN)
81 Asia Pacific Automotive E-Commerce Market Outlook, Transportation (2020-2028) ($MN)
82 Asia Pacific Automotive E-Commerce Market Outlook, Application (2020-2028) ($MN)
83 Asia Pacific Automotive E-Commerce Market Outlook, Business to Business (B2B) (2020-2028) ($MN)
84 Asia Pacific Automotive E-Commerce Market Outlook, Business to Consumer (B2C) (2020-2028) ($MN)
85 South America Automotive E-Commerce Market Outlook, Country (2020-2028) ($MN)
86 South America Automotive E-Commerce Market Outlook, Vehicle Type (2020-2028) ($MN)
87 South America Automotive E-Commerce Market Outlook, Commercial Vehicle (2020-2028) ($MN)
88 South America Automotive E-Commerce Market Outlook, Passenger Car (2020-2028) ($MN)
89 South America Automotive E-Commerce Market Outlook, Two Wheeler (2020-2028) ($MN)
90 South America Automotive E-Commerce Market Outlook, Vendors (2020-2028) ($MN)
91 South America Automotive E-Commerce Market Outlook, Third Party Vendors (2020-2028) ($MN)
92 South America Automotive E-Commerce Market Outlook, Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
93 South America Automotive E-Commerce Market Outlook, Component (2020-2028) ($MN)
94 South America Automotive E-Commerce Market Outlook, Electrical Products (2020-2028) ($MN)
95 South America Automotive E-Commerce Market Outlook, Engine Component (2020-2028) ($MN)
96 South America Automotive E-Commerce Market Outlook, Exterior Accessories (2020-2028) ($MN)
97 South America Automotive E-Commerce Market Outlook, Informational and Multimedia (2020-2028) ($MN)
98 South America Automotive E-Commerce Market Outlook, Interior Accessories (2020-2028) ($MN)
99 South America Automotive E-Commerce Market Outlook, Tires and Wheels (2020-2028) ($MN)
100 South America Automotive E-Commerce Market Outlook, Operation (2020-2028) ($MN)
101 South America Automotive E-Commerce Market Outlook, Warehouse (2020-2028) ($MN)
102 South America Automotive E-Commerce Market Outlook, Transportation (2020-2028) ($MN)
103 South America Automotive E-Commerce Market Outlook, Application (2020-2028) ($MN)
104 South America Automotive E-Commerce Market Outlook, Business to Business (B2B) (2020-2028) ($MN)
105 South America Automotive E-Commerce Market Outlook, Business to Consumer (B2C) (2020-2028) ($MN)
106 Middle East & Africa Automotive E-Commerce Market Outlook, Country (2020-2028) ($MN)
107 Middle East & Africa Automotive E-Commerce Market Outlook, Vehicle Type (2020-2028) ($MN)
108 Middle East & Africa Automotive E-Commerce Market Outlook, Commercial Vehicle (2020-2028) ($MN)
109 Middle East & Africa Automotive E-Commerce Market Outlook, Passenger Car (2020-2028) ($MN)
110 Middle East & Africa Automotive E-Commerce Market Outlook, Two Wheeler (2020-2028) ($MN)
111 Middle East & Africa Automotive E-Commerce Market Outlook, Vendors (2020-2028) ($MN)
112 Middle East & Africa Automotive E-Commerce Market Outlook, Third Party Vendors (2020-2028) ($MN)
113 Middle East & Africa Automotive E-Commerce Market Outlook, Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
114 Middle East & Africa Automotive E-Commerce Market Outlook, Component (2020-2028) ($MN)
115 Middle East & Africa Automotive E-Commerce Market Outlook, Electrical Products (2020-2028) ($MN)
116 Middle East & Africa Automotive E-Commerce Market Outlook, Engine Component (2020-2028) ($MN)
117 Middle East & Africa Automotive E-Commerce Market Outlook, Exterior Accessories (2020-2028) ($MN)
118 Middle East & Africa Automotive E-Commerce Market Outlook, Informational and Multimedia (2020-2028) ($MN)
119 Middle East & Africa Automotive E-Commerce Market Outlook, Interior Accessories (2020-2028) ($MN)
120 Middle East & Africa Automotive E-Commerce Market Outlook, Tires and Wheels (2020-2028) ($MN)
121 Middle East & Africa Automotive E-Commerce Market Outlook, Operation (2020-2028) ($MN)
122 Middle East & Africa Automotive E-Commerce Market Outlook, Warehouse (2020-2028) ($MN)
123 Middle East & Africa Automotive E-Commerce Market Outlook, Transportation (2020-2028) ($MN)
124 Middle East & Africa Automotive E-Commerce Market Outlook, Application (2020-2028) ($MN)
125 Middle East & Africa Automotive E-Commerce Market Outlook, Business to Business (B2B) (2020-2028) ($MN)
126 Middle East & Africa Automotive E-Commerce Market Outlook, Business to Consumer (B2C) (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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