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Automotive E-retail Market 2020-2024 | North America to Emerge as a Key Region | Technavio

·6-min read

Technavio has been monitoring the automotive e-retail market and it is poised to grow by 16.36 million units during 2020-2024, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Automotive E-retail Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive e-retail market. The market growth in 2020 is likely to increase compared to market growth in 2019.

Frequently Asked Questions:

  • Based on segmentation by product, which is the leading segment in the market?
    The passenger cars segment led the market in 2019.

  • What are the major trends in the market?
    Intense competition leading to competitive pricing is the major trend in the market.

  • At what rate is the market projected to grow?
    The market is projected to grow at a CAGR of over 15% during 2020-2024.

  • Who are the top players in the market?
    Alibaba Group Holding Ltd., Asbury Automotive Group Inc., AutoNation Inc., eBay Inc., Group 1 Automotive Inc., Hendrick Automotive Group, Lithia Motors Inc., Penske Corp., Scout24 AG, and TrueCar Inc. are the top players in the market.

  • What are the key market drivers and challenges?

  • The market is driven by the ease and convenience of buying cars and two-wheelers online. However, cost pressure on vendors due to price sensitivity might hamper growth.

Related Reports on Consumer Discretionary Include:

Global Automotive Aftermarket E-Retailing Market - Global automotive aftermarket e-retailing market segmentation by product (wheels and tires, brakes and brake pads, and others), customer type (DIY customers and professional customers), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Global Automotive Tires E-Retailing Market - Global automotive tires e-retailing market segmentation by distribution channel (third-party suppliers and OEM suppliers) and geography (North America, Europe, APAC, MEA, and South America). Click Here to Get an Exclusive Free Sample Report

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alibaba Group Holding Ltd., Asbury Automotive Group Inc., AutoNation Inc., eBay Inc., Group 1 Automotive Inc., Hendrick Automotive Group, Lithia Motors Inc., Penske Corp., Scout24 AG, and TrueCar Inc. are some of the major market participants. Although the ease and convenience of buying cars and two-wheelers online will offer immense growth opportunities, cost pressure on vendors due to price sensitivity is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive e-retail market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive E-retail Market 2020-2024: Segmentation

Automotive E-retail Market is segmented as below:

  • Product

    • Passenger Cars

    • Two-wheelers

  • Geography

    • North America

    • APAC

    • Europe

    • South America

    • MEA

To learn more about the global trends impacting the future of market research, download a free sample:

Automotive E-retail Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive e-retail market report covers the following areas:

  • Automotive E-retail Market Size

  • Automotive E-retail Market Trends

  • Automotive E-retail Market Industry Analysis

This study identifies the intense competition leading to competitive pricing as one of the prime reasons driving the Automotive E-retail Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive E-retail Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist automotive e-retail market growth during the next five years

  • Estimation of the automotive e-retail market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the automotive e-retail market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of automotive e-retail market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • Passenger cars - Market size and forecast 2019-2024

  • Two-wheelers - Market size and forecast 2019-2024

  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

  • Competitive scenario

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Alibaba Group Holding Ltd.

  • Asbury Automotive Group Inc.

  • AutoNation Inc.

  • eBay Inc.

  • Group 1 Automotive Inc.

  • Hendrick Automotive Group

  • Lithia Motors Inc.

  • Penske Corp.

  • Scout24 AG

  • TrueCar Inc.


  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
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