The global automotive e-tailing market is expected to reach $57.89 billion by 2022, according to a new Stratistics MRC report. That’s a compound growth rate of 13.6 per cent from 2016-2022. A number of factors are contributing to the growth, including:
- A growing demand for omni-channel insights;
- The rising popularity of e-commerce;
- Independent access to online trade portals;
- Convenience of online shopping;
- Favourable government regulations;
- Increasing vehicle age in circulation.
Factors hindering the market, according to the report, are:
- Online payment frauds;
- Lack of immediate product possession;
- Growing consumer skepticism toward product quality.
The report provides market share analysis of key industry players, strategic recommendations for new entrants, company profiling and more. It’s available for sale from market research aggregator Report Buyer.
