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According to the latest research, the global Car E-Commerce market size was valued at USD 150574.0 million in 2022 and is expected to expand at a CAGR of 10.2% during the forecast period, reaching USD 269723.8 million by 2028.
Car E-Commerce refers to the buying and selling of cars or services using the internet, and the transfer of money and data to execute these transactions. It draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
Influence of COVID-19 Outbreak on Car E-Commerce Industry Development
Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. The COVID-19 epidemic is infected with a large number of people, and its spread and scope far exceed SARS. At present, the number of confirmed cases in Worldwide has exceeded 27 million. Different industries are affected differently by the epidemic situation. And the COVID-19 epidemic has severely hit the global economy. The World Bank predicts that the global GDP (gross domestic product) will fall by 5.2% in 2020, which is the largest drop since the Second World War.
The impact of the epidemic on the Car E-Commerce industry will involve all major links and all entities in the industry chain. In order to avoid large-scale population movements and gatherings, various countries have adopted prevention and control measures such as home isolation and extension of the holiday. More and more cities are entering the first-level response state, strictly isolating measures, strictly prohibiting vehicle entry and exit, strictly controlling the flow of personnel, and strictly preventing the spread of the epidemic. This makes it impossible for non-local employees to return or arrive immediately, the number of employees is insufficient, and normal commuting is also severely frustrated. And people have nowhere to go even if they bought a car. Moreover, in the context of the global economic downturn, people's purchasing power and willingness to consume will decrease largely. Therefore, the Car E-Commerce industry will take a toll under the COVID-19 condition.
But meanwhile, the current severe epidemic also restricts people from going to 4S stores to see cars, and more consumers choose and buy cars through auto e-commerce, which stimulates the development of car e-commerce. When the pandemic has become less threatening, there is new demand from customers who are looking to reduce the risk of COVID-19 exposure on public transportation and from those looking to take advantage of quality offers and attractive financing. These factors mean the public is using personal vehicles now more than ever. as consumers weigh greater health concerns, they are more likely to want to complete the end-to-end shopping process virtually, instead of in-person.
Drivers of Car E-Commerce
Combination of rising internet penetration, a drop in data access costs, a shift to smartphones, and a flow of credit to consumers and micro enterprises are enhancing the eCommerce market. The global E-commerce industry is also in a state of expansion with consolidation. In addition, inflexion in online shopping among consumers, product localization, continued growth in SaaS systems, increased backing in technical solutions are also promoting the eCommerce market. More consumers are buying digitally, and worldwide retail E-commerce sales are rising. At the same time, the major international players such as Amazon Automotive and Alibaba are widening their reach by buying up smaller local platforms, especially in flourishing e-commerce markets.
The continuous adoption of e-commerce ensures a greater degree of flexibility and customization spending by purchasers of the automotive components. The growing inclination of consumers towards cross-border online shopping, highlights an increasing realization that buying from another country, where the cost are low, would involve lower prices and a wider range of products or brands. The internet, as a channel, will benefit greatly from the growing consumer awareness about cross-border purchasing because of its immediate advertising potential and the ease and speed, with which businesses can offer their products at best prices.
Moreover, E-commerce can bring to car manufacturers improved understanding of customer preferences and buying habits, greater control over their brand and the opportunity to increase profits by cutting costs, boosting market share and removing intermediaries. In addition to that, factors such as higher price transparency, and greater diversity of parts also support its growth. Rise in internet penetration, per capita income of the consumers, and the number of online shoppers also add to the growth. All these factors are important drivers behind the car e-commerce market.
Region Overview:
US had the highest growth rate of all regions.
Company Overview:
CarMax is one of the major players operating in the Car E-Commerce market, holding a share of 7.38% in 2020.CarMax, Inc. sells at retail used cars and light trucks. The Company purchases, reconditions, and sells used vehicles in its superstores and franchises throughout the United States.
Amazon Automotive
The company is an online retailer that offers a wide range of products. The Company products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. It offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.
Segmentation Overview:
Among different product types, Used Car segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the B2C segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Car E-Commerce industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Car E-Commerce. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Car E-Commerce Market Report Include:
Market Size Estimates: Car E-Commerce market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Car E-Commerce market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Car E-Commerce market
Segment Market Analysis: Car E-Commerce market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Car E-Commerce market situations and prospects in major and top regions and countries
Car E-Commerce Market
Car E-Commerce Industry Chain: Car E-Commerce market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Car E-Commerce Industry News, Policies by regions
Car E-Commerce Industry Porters Five Forces Analysis
Key players in the global Car E-Commerce market are covered in Chapter 2:
CarGurus
AutoTrader
UXIN GROUP
Kelley Blue Book
Autolist
Edmunds
CarsDirect
Renrenche
Cheyipai
AutoTempest
CarMax
Amazon Automotive
Guazi.com
Carvana
In Chapter 6 and Chapter 9, on the basis of types, the Car E-Commerce market from 2018 to 2028 is primarily split into:
New Car
Used Car
After-sales
In Chapter 7 and Chapter 10, on the basis of applications, the Car E-Commerce market from 2018 to 2028 covers:
B2B
B2C
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Car E-Commerce market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Car E-Commerce industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Car E-Commerce market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Car E-Commerce industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Car E-Commerce market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Car E-Commerce market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Car E-Commerce market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Car E-Commerce refers to the buying and selling of cars or services using the internet, and the transfer of money and data to execute these transactions. It draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
Influence of COVID-19 Outbreak on Car E-Commerce Industry Development
Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. The COVID-19 epidemic is infected with a large number of people, and its spread and scope far exceed SARS. At present, the number of confirmed cases in Worldwide has exceeded 27 million. Different industries are affected differently by the epidemic situation. And the COVID-19 epidemic has severely hit the global economy. The World Bank predicts that the global GDP (gross domestic product) will fall by 5.2% in 2020, which is the largest drop since the Second World War.
The impact of the epidemic on the Car E-Commerce industry will involve all major links and all entities in the industry chain. In order to avoid large-scale population movements and gatherings, various countries have adopted prevention and control measures such as home isolation and extension of the holiday. More and more cities are entering the first-level response state, strictly isolating measures, strictly prohibiting vehicle entry and exit, strictly controlling the flow of personnel, and strictly preventing the spread of the epidemic. This makes it impossible for non-local employees to return or arrive immediately, the number of employees is insufficient, and normal commuting is also severely frustrated. And people have nowhere to go even if they bought a car. Moreover, in the context of the global economic downturn, people's purchasing power and willingness to consume will decrease largely. Therefore, the Car E-Commerce industry will take a toll under the COVID-19 condition.
But meanwhile, the current severe epidemic also restricts people from going to 4S stores to see cars, and more consumers choose and buy cars through auto e-commerce, which stimulates the development of car e-commerce. When the pandemic has become less threatening, there is new demand from customers who are looking to reduce the risk of COVID-19 exposure on public transportation and from those looking to take advantage of quality offers and attractive financing. These factors mean the public is using personal vehicles now more than ever. as consumers weigh greater health concerns, they are more likely to want to complete the end-to-end shopping process virtually, instead of in-person.
Drivers of Car E-Commerce
Combination of rising internet penetration, a drop in data access costs, a shift to smartphones, and a flow of credit to consumers and micro enterprises are enhancing the eCommerce market. The global E-commerce industry is also in a state of expansion with consolidation. In addition, inflexion in online shopping among consumers, product localization, continued growth in SaaS systems, increased backing in technical solutions are also promoting the eCommerce market. More consumers are buying digitally, and worldwide retail E-commerce sales are rising. At the same time, the major international players such as Amazon Automotive and Alibaba are widening their reach by buying up smaller local platforms, especially in flourishing e-commerce markets.
The continuous adoption of e-commerce ensures a greater degree of flexibility and customization spending by purchasers of the automotive components. The growing inclination of consumers towards cross-border online shopping, highlights an increasing realization that buying from another country, where the cost are low, would involve lower prices and a wider range of products or brands. The internet, as a channel, will benefit greatly from the growing consumer awareness about cross-border purchasing because of its immediate advertising potential and the ease and speed, with which businesses can offer their products at best prices.
Moreover, E-commerce can bring to car manufacturers improved understanding of customer preferences and buying habits, greater control over their brand and the opportunity to increase profits by cutting costs, boosting market share and removing intermediaries. In addition to that, factors such as higher price transparency, and greater diversity of parts also support its growth. Rise in internet penetration, per capita income of the consumers, and the number of online shoppers also add to the growth. All these factors are important drivers behind the car e-commerce market.
Region Overview:
US had the highest growth rate of all regions.
Company Overview:
CarMax is one of the major players operating in the Car E-Commerce market, holding a share of 7.38% in 2020.CarMax, Inc. sells at retail used cars and light trucks. The Company purchases, reconditions, and sells used vehicles in its superstores and franchises throughout the United States.
Amazon Automotive
The company is an online retailer that offers a wide range of products. The Company products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. It offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.
Segmentation Overview:
Among different product types, Used Car segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the B2C segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Car E-Commerce industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Car E-Commerce. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Car E-Commerce Market Report Include:
Market Size Estimates: Car E-Commerce market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Car E-Commerce market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Car E-Commerce market
Segment Market Analysis: Car E-Commerce market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Car E-Commerce market situations and prospects in major and top regions and countries
Car E-Commerce Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Car E-Commerce Industry Chain: Car E-Commerce market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Car E-Commerce Industry News, Policies by regions
Car E-Commerce Industry Porters Five Forces Analysis
Key players in the global Car E-Commerce market are covered in Chapter 2:
CarGurus
AutoTrader
UXIN GROUP
Kelley Blue Book
Autolist
Edmunds
CarsDirect
Renrenche
Cheyipai
AutoTempest
CarMax
Amazon Automotive
Guazi.com
Carvana
In Chapter 6 and Chapter 9, on the basis of types, the Car E-Commerce market from 2018 to 2028 is primarily split into:
New Car
Used Car
After-sales
In Chapter 7 and Chapter 10, on the basis of applications, the Car E-Commerce market from 2018 to 2028 covers:
B2B
B2C
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Car E-Commerce market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Car E-Commerce industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Car E-Commerce market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Car E-Commerce industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Car E-Commerce market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Car E-Commerce market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Car E-Commerce market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
