Views: 0 Author: yicheng lu Publish Time: 2024-03-28 Origin: Site
Today, TSP wants to talk about the trend of the automotive spare parts aftermarket.
Firstly, the star phrase today is "Online Retailing." In the United States, the automotive aftermarket achieved a $16 billion market share through E-commerce in 2020, nearly $2 billion more than initially forecasted. The main driving force behind this is the changing consumer buying habits.
A large number of newly established online retailers have together driven the competitive landscape of the aftermarket for both B2B and B2C. The adaptability requirements of the aftermarket are strong, facing constantly changing customer preferences, suffocating government regulations, and the headache of transitioning from internal #combustionEngines to #electricVehicles. Fortunately, the performance of the aftermarket has consistently exceeded expectations. Global industry insight research indicates that the automotive aftermarket parts market is expected to expand rapidly from 2022 to 2028.
The driving force behind this is the increasing length of time consumers hold onto their vehicles, leading to a growing aftermarket to meet these servicing needs. The extended lifespan of vehicles increases the window for parts failure, increasing the demand for aftermarket parts. This is a niche market that the industry is very willing to fill.
Therefore, if you are interested in joining this expanding market and are struggling to find an experienced, quality-assured, and quick-to-react #supplier to support your online sales business, perhaps #TSP is the most important ally for you to win the market in the next 10 years. Because we always believe that, Timing shapes perfection
