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Amazon and eBay's Marketplace Platforms Transform Automotive eRetail Market

2017-06-07 21:15
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-New business models and channel innovation in America's automotive eRetail sector accelerates growth opportunities for market participants, finds Frost & Sullivan's Mobility team

SANTA CLARA, California, June 7, 2017 /PRNewswire/ -- Automotive eRetailers in the Americas are redrawing the boundaries of aftermarket service through innovative business models involving supplier collaboration, installer network development, service aggregation, business-to-business expansion, subscription-based engagement, technician outreach, and in-vehicle sales. These activities are creating unique value for customers and transforming automotive product sellers into end-to-end solution providers.

Frost & Sullivan analysis, Competitive Profiling of Automotive eRetailers in Americas Region, finds that aftermarket eRetail revenues in the U.S. are expected to increase at a compound annual growth rate (CAGR) of 12 percent between 2015- 2023. The study provides in-depth analysis of key trends, challenges, developments, and future opportunities for automotive eRetailing in the Americas region. 

To learn more about Frost & Sullivan's research or to sign-up for our Growth Strategy Dialogue, a complimentary one-hour interactive session, with Frost & Sullivan thought leaders please visit: https://goo.gl/yu8qiz 

"In a fiercely competitive, rapidly evolving ecosystem, eRetailers should look toward differentiating themselves by offering new business models and providing unique value and convenience to their customers," said Frost & Sullivan Mobility Senior Research Analyst Vasanth Raj. "Establishing an effective fulfillment network, increasing market presence, by attracting do-it-for-me (DIFM) customers, and providing loyalty programs, are strategies that will ensure success."

eRetail developments and trends within the Americas region encouraging transformation include:

  • Smart logistics and last-mile delivery options to provide innovative methods of delivery and enhanced customer services, such as a crowdsourcing delivery system
  • Online-to-offline (O2O) service networks with independent garages to create an aggregated physical footprint and attract DIFM customers
  • Aggressive online channel expansion by traditional mobility players
  • Collaboration or mergers and acquisitions between eRetailers, suppliers and original equipment manufacturers (OEMs).

"Mass eRetailers such as Amazon and eBay have the strongest overall eRetailer portfolios in the Americas," reveals Raj. "The majority of market participants have full product coverage but limited geographic coverage. Amazon is constantly innovating last-mile delivery options across all products. Rapid fulfillment is critical to auto parts growth as it will allow the company to be more competitive with traditional aftermarket sellers."

Competitive Profiling of Automotive eRetailers in Americas Region, recent research is part of Frost & Sullivan's Automotive & Transportation Growth Partnership subscription.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Competitive Profiling of Automotive eRetailers in Americas Region
K147-18

Contact:
Clarissa Castaneda
Corporate Communications – North America
P: 210.477.8481
F: 210.348.1003
E: clarissa.castaneda@frost.com

http://www.frost.com

Source: Frost & Sullivan
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