--Alibaba Group Holding Ltd., Amazon.com Inc., Asbury Automotive Group Inc. will emerge as major automotive tires E-retailing market participants during 2020-2024.
The automotive tires E-retailing market is expected to grow by USD 7.59 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the automotive tires E-retailing market in optimistic, probable, and pessimistic forecast scenarios.
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The automotive tires E-retailing market will witness Negative and Inferior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase as compared to 2019.
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With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
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Adjust their strategic planning to move ahead once business stability kicks in. Build Resilience by making effective resource and investment choices for individual business units, products and service lines. Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds Pre- as well as post-COVID-19 market estimates Quarterly impact analysis and updates on market estimates
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Major Three Automotive Tires E-Retailing Market Participants:
Alibaba Group Holding Ltd.
Alibaba Group Holding Ltd. operates its business under various segments such as core commerce, cloud computing, digital media and entertainment, innovation initiatives and others. The company offers automotive tires of various brands online.
Amazon.com Inc. operates its business in North America and Internationally. It also operates under Amazon Web Services segment. The company offers automotive tires of various brands online.
Asbury Automotive Group Inc.
Asbury Automotive Group Inc. has business operations under various segments, namely new vehicles, used vehicles, parts and service, finance, and insurance. The company offers automotive tires of various brands such as Continental AG, Bridgestone and others.
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Automotive Tires E-Retailing Market 2020-2024: Segmentation
Automotive Tires E-Retailing is segmented as below:
Distribution Channel Third-party Suppliers OEM Suppliers Geography North America Europe APAC MEA South America
The automotive tires E-retailing market is driven by rise in sales of passenger vehicles globally. In addition, other factors such as consumer inclination toward online tire purchases and convenience of presenting wider portfolio of automotive products are expected to trigger automotive tires E-retailing market toward witnessing a CAGR of almost 12% during the forecast period.
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Vendors covered Vendor classification Market positioning of vendors Competitive scenario
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