You are here :
Global Online Automotive Retail Market: Size, Trends & Forecasts (2021-2025 Edition)
Published on: Apr 2021 | From USD $850 | Published By: DAEDAL RESEARCH | Number Of Pages: 60
Scope of the Report
The report entitled “Global Online Automotive Retail Market: Size, Trends & Forecasts (2021-2025 Edition)”, provides in-depth analysis of the global online automotive retail market, with detailed analysis of market size and growth. The report provides analysis of the global online automotive retail market by value and by region. The report further provides detailed regional analysis of the US and China online automotive retail market by value and by volume.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global online automotive retail market has also been forecasted for the years 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global online automotive retail market is bifurcated with numerous market players. Some of the major operating players in the global online automotive retail market are Cars.Com Inc., CarGurus Inc., TrueCar Inc. and COX Enterprises Inc. The four companies have been profiled in the report providing detailed analysis of their financial information and business strategies.
COX Enterprise Inc.
After the rise in adoption of online platforms by the people globally, the automotive industry has also developed online platform or portals where the user accessing the internet can visit these automotive websites and portal to do online price and product comparisons at their location. Additionally, the particular websites and platforms also enable users to sell or purchase, new or used vehicles.
Furthermore, the user can also raise queries and can schedule a meeting with the dealer via online portal to know more about the specification of the product which the user intends to purchase. There are several online resources used to initiate automotive research, such as aggregator site, search engine, dealer website and OEM site.
The global online automotive retail market has propelled in the past few years and estimations are made that during the forecasted period (2021-2025) the market would rise at a progressive growth rate. The global online automotive retail market is expected to grow due to various growth drivers such as surging per capita income, upsurge in Internet of Things (IoT) connected devices, upsurge in number of smartphone users, increase in the number of digital buyers, emerging number of internet users, rise in global population and many other factors.
Though, the growth of the market is being negatively impacted by several challenges. Some of the prominent challenges faced by the market are consumer demand & macroeconomic issues and ride sharing.
1. Executive Summary
2.1 Automotive Industry: An Overview
2.1.1 Eras of Automobile Industry
2.2 Online Automotive Marketplace: An Overview
2.2.1 Components to Initiate Automotive Research
2.3 Benefits & Drawbacks of Buying Car Online
2.4 Benefits & Drawbacks of Buying Car at a Dealership
2.5 Transformation in Car Purchasing Pattern
3. Global Market Analysis
3.1 Global Online Automotive Retail Market: An Analysis
3.1.1 Global Online Automotive Retail Market by Value
3.1.2 Global Online Automotive Retail Market by Region (The US and Rest of the World)
3.1.3 Global Online Automotive Aftermarket Penetration
3.2 Franchised Dealer Advertising Spending: An Analysis
3.3 Automotive Brands Advertising Spending: An Analysis
3.3.1 Global Automotive Digital Advertisement Share by Region
3.3.2 Global Automotive Digital Advertisement Growth Rate by Region
4 Regional Analysis
4.1 The US Online Automotive Retail Market: An Analysis
4.1.1 The US Online Automotive Retail Market by Value
4.2 China Online Automotive Retail Market: An Analysis
4.2.1 China Online Automotive Retail Market by Volume
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Population
5.1.2 Surging Per Capita Income
5.1.3 Upsurge in Internet of Things (IoT) Devices
5.1.4 Upsurge in Number of Smartphone Users
5.1.5 Increase in Digital Buyers
5.1.6 Emerging Number of Internet Users
5.2.1 Ride Sharing
5.2.2 Consumer Demand & Macroeconomic Issues
5.3 Market Trends
5.3.1 Rising Demand of Used Cars
5.3.2 Surging Third Party Site Visits
5.3.3 Make Buying Smarter
6. Competitive Landscape
6.1 Global Online Automotive Retail Market Players: A Comparison
6.2 Global Online Automotive Retail Market Share by Players
6.3 The US Online Automotive Retail Market: Business Metrics Comparison (2019 Versus 2020)
7. Company Profile
7.1 Cars.Com Inc.
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategy
7.2 CarGurus Inc.
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategy
7.3 TrueCar Inc.
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategy
7.4 Cox Enterprises Inc.
7.4.1 Business Overview
7.4.2 Business Strategy
List of Figures
Figure 1: Eras of Automobile Industry
Figure 2: Components to Initiate Automotive Research
Figure 3: Benefits & Drawbacks of Buying Car Online
Figure 4: Benefits & Drawbacks of Buying Car at a Dealership
Figure 5: Transformation in Car Purchasing Pattern
Figure 6: Global Online Automotive Retail Market by Value; 2019-2025 (US$ Billion)
Figure 7: Global Online Automotive Retail Market by Region; 2020 (Percentage, %)
Figure 8: Global Online Automotive Aftermarket Penetration, 2019 (Percentage, %)
Figure 9: Franchise Dealer Digital Advertisement Breakdown; 2019 (Percentage, %)
Figure 10: Global Automotive Digital Advertisement Share by Region, 2019 (Percentage, %)
Figure 11: Global Growth in Digital Advertisement Versus Other Mediums; 2019-2022 (Percentage, %)
Figure 12: The US Online Automotive Retail Market by Value; 2019-2025 (US$ Billion)
Figure 13: China Online Automotive Retail Market by Volume, 2016-2020 (Million)
Figure 14: China Online Automotive Retail Market by Volume, 2021-2025 (Million)
Figure 15: Global Urban Population; 2015-2019 (Billion & Percentage, %)
Figure 16: Global Per Capita Income; 2015-2019 (US$)
Figure 17: Global Number of Internet of Things (IoT) Devices; 2016-2021 (Billion)
Figure 18: Global Number of Smartphone End Users, 2015-2020 (Billion)
Figure 19: Global Number Of Digital Buyers; 2017-2021 (Billion)
Figure 20: Global Internet Users; 2015-2020 (Billion)
Figure 21: Global Ride Sharing Market by Value; 2018-2023 (US$ Billion)
Figure 22: Global Number of Used Cars; 2017-2022 (Million)
Figure 23: Types of Online Channels for Car Buying; 2019 (Percentage, %)
Figure 24: Global Online Automotive Retail Market Share by Players; 2020 (Percentage, %)
Figure 25: Cars.com Inc. Brands Portfolio
Figure 26: Cars.Com Inc. Total Revenue; 2016-2020 (US$ Million)
Figure 27: Cars.Com Inc. Total Revenue by Sales Channels; 2020 (Percentage, %)
Figure 28: CarGurus Inc. Products
Figure 29: CarGurus, Inc. Total Revenue; 2016-2020 (US$ Million)
Figure 30: CarGurus, Inc. Total Revenue by Segment; 2020 (Percentage, %)
Figure 31: CarGurus, Inc. Total Revenue by Region; 2020 (Percentage, %)
Figure 32: TrueCar Inc. Revenue; 2016-2020 (US$ Million)
Table 1: Global Online Automotive Retail Market Players: A Financial Comparison; 2020
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process.
The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage.
Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more.
These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry.
Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
Any person who has the capacity to make decisions for the business must buy the reports. These reports help management in decision making process. Market research helps person to obtain market information from different sources, and in multiple formats. It aims to study supply and demand, analyze data as per geography, age factors, demography, technology, product, psychographic & gender differences, and many other parameters. Access to in-depth market trends helps person to assess the market effectiveness. Some of the multiple techniques used for market research include customer analysis, choice modeling, competition and risk analysis, product research, advertising the research, marketing mix modeling, simulated test marketing, and more.
Market research studies several features of business environment, such as competitors, market structure, government regulations, economic trends, technological advances and financial analysis of companies, industries, and sectors. This helps person in the decision-making process of planning and implementing strategies for their markets.
1. Choose a topic.
2. Make skeleton catalogue.
3. Fill content. As for report content, there are two main information source, Primary and Secondary data collection. Secondary data collectionrefers to information searched from the Internet or data bought from database. Primary data collection refers to information concluded from telephone interview, face-to-face interview, expertâ€™s interview, meeting etc.
4. Audit the report
5. Publish the report.
With regard to information cost, information searching costs the least, database support the second least, and telephone interview the third least. Face-face interview cost higher, in-depth interview much higher and expert interview the highest. A research may adopt all of these approaches, or just some of them.
In general, a good-quality research report needs 1-3 months to be finished. Time and method varies according to different Publishers. Thus, itâ€™s difficult to define an exact procedure or process of making research report. Both time and cost vary. However, specialization has become a basic industry standard. Professional and dedicated products will be more and more popular.
There may be exceptions to this if you place order on a non-working day specifically because our publisher partners are located all over the globe. In case of physical delivery report will be couriered to you within 3 working days from the date of the receipt of payment and delivery time will differ based on your location
+1 (704) 266-3234
- In-depth database Our Reportâ€™s database covers almost all topics of all regions over the Globe..
- Recognised publishing sources Tie ups with top publishers around the globe.
- Customer Support Complete pre and post sales support.
- Safe & Secure Complete secure payment process.