By 2026, Asia Pacific E-commerce Automotive Aftermarket to witness 15% growth rate from B2C segment

Asia Pacific e-commerce automotive aftermarket from the B2C segment is poised to depict a commendable CAGR of over 15% through 2026. This growth is credited largely to the emerging DIY (Do-it-yourself) trend among consumers, which has bolstered the adoption of e-commerce platforms.

Additionally, the COVID-19 pandemic has created an upheaval in the automotive domain. With temporary suspensions of international trade implemented in various countries, industry demand has suffered a considerable setback.

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Lighting, filter, and braking replacement parts are among the components that hold maximum utility in the Asia Pacific e-commerce automotive aftermarket. The growing propensity towards lightweight automotive materials is likely to add impetus to industry growth over the estimated timeline.

Meanwhile, the B to Small B segment is expected to exhibit a 15.5% CAGR through 2026, with quicker delivery times and high-profit margins serving as the key contributors to this growth. The channels involve the trade of many basic automotive parts, including sub-assembly systems and electronic units, among medium-sized businesses and equipment suppliers.

From a product perspective, the filter replacement segment is set to register revenue worth $3.86 billion in 2026. This is attributed mainly to the myriad benefits of the product such as low CO2 emissions and better engine performance. Air intake filters, fuel filters, cabin air filters, and oil filters are among the main components of automotive filters.

In 2020, Tata Motors introduced a new range of hygiene and health accessories for automotive consumers, including new air filters and sanitization kits. The accessories include the Air-o-Pure 95 Air Filter and the Health- Pro Sanitization Kit, which are designed to offer an additional level of protection for existing as well as new Tata vehicles.

Key players in the Asia Pacific e-commerce automotive aftermarket include Amazon, RockAuto, Alibaba Group, Flipkart, Bosch, Mannkando, Denso Corporation, AutoZone, NAPA Auto Parts, eBay, and others. These companies are engaged in a number of strategic maneuvers, including partnerships, as well as provision of various discounts and customized services, among others, to promote APAC ecommerce automotive aftermarket expansion.

Rapid shift in trends towards service-oriented digital business models will boost Asia Pacific market size over the forecast spell. The provision of visual aids and informative brochures to customers for educational purposes will also fuel the demand for Asia Pacific e-commerce automotive aftermarket products. Various manufacturers are focused on consumer buying behaviors, in B2C as well as B2B settings, in order to accommodate specific demands.

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Partial Chapter of the Table of Content

Charts & Figures

FIG. 1   Market, by region, (% revenue share)

FIG. 2    Asia Pacific E-commerce automotive aftermarket industry 3600 synopsis, 2016 - 2026

FIG. 3    Industry segmentation

FIG. 4    Industry landscape, 2016 - 2026

FIG. 5    Industry ecosystem analysis

FIG. 6    Payment gateways

FIG. 7    Conventional & new model for buying auto parts

FIG. 8    Challenges, practices, and supplier support

FIG. 9    Growth potential analysis, 2019

FIG. 10    Porter’s analysis

FIG. 11    Company market share analysis, 2019

FIG. 12    PESTEL analysis

FIG. 13    COVID-19 impact on automotive industry

FIG. 14    APAC market revenue share, by e-commerce retail, 2019 & 2026

FIG. 15    APAC market revenue share, by product, 2019 & 2026

FIG. 16    APAC market volume share, by consumer, 2019 & 2026

FIG. 17    Asia Pacific E-commerce automotive aftermarket share, by region, 2019 & 2026

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