온라인 자동차 소매 시장 예측(-2030년) : 제품 유형, 컴포넌트, 차량 카테고리, 추진 유형, 비지니스 모델, 최종사용자, 지역별 세계 분석

According to Stratistics MRC, the Global Online Vehicle Retail Market is accounted for $347.9 billion in 2024 and is expected to reach $570.8 billion by 2030 growing at a CAGR of 8.6% during the forecast period. Online vehicle retail involves the buying and selling of vehicles through digital platforms. It allows customers to browse, compare, and purchase vehicles from the comfort of their homes. This approach enhances convenience, provides a wider selection, and often includes detailed vehicle information and virtual tours. It streamlines the purchasing process, offers competitive pricing, and can reduce overhead costs for sellers by eliminating the need for physical showrooms.

According to S&P Global, light vehicle sales will reach 84 million units in 2023, up from 80 million in 2022.

Market Dynamics:

Driver:

Increasing digitalization

Increasing digitalization is a key driver for the online vehicle retail market. As consumers become more comfortable with e-commerce and digital transactions, they are increasingly willing to purchase vehicles online. The proliferation of smartphones and high-speed internet has made it easier for consumers to research, compare, and buy vehicles from the comfort of their homes. Online platforms offer features like virtual showrooms, 360-degree vehicle views, and detailed specifications, enhancing the digital car-buying experience. This shift towards digital channels is forcing traditional dealerships to adapt and invest in online sales capabilities, further accelerating market growth.

Restraint:

Lack of physical experience

Many consumers still prefer to see, touch, and test-drive a vehicle before making a purchase decision. The inability to physically inspect a car, assess its condition, or experience its performance firsthand can create hesitation and uncertainty among potential buyers. This limitation is particularly challenging for high-value purchases like vehicles, where tactile and sensory experiences play a crucial role in decision-making.

Opportunity:

Expansion to used car market

The used car segment offers a larger and more diverse inventory, catering to a wider range of budgets and preferences. Online platforms can leverage their technology to provide detailed vehicle history reports, condition assessments, and pricing transparency, addressing common concerns in used car purchases. The digital nature of these platforms allows for efficient matching of buyers with specific used vehicle preferences across a broader geographical area. Additionally, the lower average price point of used cars may make consumers more comfortable with online purchases, driving market growth.

Threat:

Competition from traditional dealerships

Established dealerships have a strong local presence, existing customer relationships, and the ability to offer immediate test drives and physical inspections. Many are also adapting to the digital landscape by developing their own online sales channels, combining the convenience of online shopping with the reassurance of a physical location. Traditional dealerships can leverage their expertise in after-sales service, maintenance, and trade-ins-areas where online retailers may struggle. As dealerships enhance their digital capabilities and offer hybrid online-offline experiences, they could potentially slow the growth of online vehicle retailers and capture a significant portion of the digital car-buying market.

Covid-19 Impact:

The COVID-19 pandemic accelerated the adoption of online vehicle retail. Lockdowns and social distancing measures forced consumers to explore digital car-buying options. Dealerships rapidly enhanced their online capabilities to maintain sales. The pandemic highlighted the convenience and safety of online vehicle purchases, potentially causing a lasting shift in consumer behavior and accelerating the growth of the online vehicle retail market.

The used vehicles segment is expected to be the largest during the forecast period

The used vehicles segment is anticipated to be the largest in the online vehicle retail market. Used cars offer a wider range of price points, appealing to budget-conscious consumers and first-time buyers. The online platform allows for efficient aggregation and presentation of a vast inventory of used vehicles from various sources, providing consumers with more choices. Digital technologies enable detailed vehicle history reports and condition assessments, addressing common concerns in used car purchases. The lower average price of used vehicles also makes consumers more comfortable with online transactions. Additionally, the used car market's size and constant inventory turnover create a dynamic and active online marketplace, driving this segment's dominance.

The C2C (Consumer to Consumer) segment is expected to have the highest CAGR during the forecast period

The C2C (Consumer to Consumer) segment is projected to experience the highest growth rate in the online vehicle retail market. This rapid growth is driven by the increasing popularity of peer-to-peer platforms that connect individual sellers directly with buyers. C2C platforms often offer lower fees compared to traditional dealerships, allowing for more competitive pricing. The rise of secure payment systems and standardized vehicle inspection processes has increased trust in C2C transactions. Additionally, the growing comfort with sharing economy models has made consumers more open to buying vehicles directly from other individuals, fueling this segment's high growth rate.

Region with largest share:

North America's dominance in the online vehicle retail market is driven by high internet penetration and digital literacy, making consumers more comfortable with online purchases. A strong automotive culture and high vehicle ownership rates provide a large potential customer base. The presence of major online vehicle retailers and significant investments in digital retail technologies contribute to market growth. Furthermore, regulatory environments in countries like the U.S. are becoming more favorable to online vehicle sales, solidifying its position as the largest market for online vehicle retail.

Region with highest CAGR:

The Asia Pacific region is poised for the highest growth rate in the online vehicle retail market. Factors such as rapid digitalization and increasing internet penetration in countries like China and India are creating a large pool of potential online vehicle buyers. The region's growing middle class and increasing disposable incomes are driving demand for both new and used vehicles. Additionally, supportive government policies promoting digital transactions and the automotive industry in several Asian countries are further fueling the growth of online vehicle retail in this region.

Key players in the market

Some of the key players in Online Vehicle Retail market include Carvana, AutoTrader, Cars.com, TrueCar, CarGurus, eBay, OLX, Cazoo, Auto1 Group, Kavak, CarMax, Alibaba (Tmall Auto), and WeBuyAnyCar.

Key Developments:

In February 2024, TrueCar, Inc., announced TrueCar Marketing Solutions, a suite of solutions backed by unsurpassed consumer data designed to help dealers engage customers outside their current reach, bringing them through the purchase process and maximizing their lifetime value. TrueCar Marketing Solutions utilizes billions of data points from high-intent car buyers on TrueCar.com and 550+ other car buying websites that the company operates across its affinity network.

In January 2024, CarGurus the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced the addition of Chase to its multi-lender financing platform, expanding options for consumers looking to pre-qualify for auto financing from the comfort of home. "CarGurus' partnership with Chase demonstrates our shared vision to equip shoppers with the tools needed to make an informed purchase with confidence and ease, while also helping dealers deliver on their goals for a seamless and efficient customer experience," said Gerard Murphy, Vice President of Product, Digital Retail, at CarGurus.

In December 2023, Carvana, an industry pioneer for buying and selling used cars online, announced its expansion of same day vehicle delivery to Columbus and Cincinnati area residents. Now Central and Southwest Ohio area residents can receive their vehicle within hours of placing an order on Carvana.com. Select customers interested in selling their current vehicles to Carvana can also benefit from same day drop-off at specific locations throughout the state.

Product Types Covered:

• New Vehicles
• Used Vehicles

Components Covered:

• Software
• Services

Vehicle Categories Covered:

• Passenger Vehicles
• Commercial Vehicles
• Two-Wheelers

Propulsion Types Covered:

• Internal Combustion Engine (ICE) Vehicles
• Electric Vehicles (EV)
• Hybrid Vehicles

Business Models Covered:

• B2C (Business to Consumer)
• C2C (Consumer to Consumer)

End Users Covered:

• Individual Buyers
• Fleet Operators
• Car Rental Companies

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Online Vehicle Retail Market, By Product Type

• 5.1 Introduction
• 5.2 New Vehicles
• 5.3 Used Vehicles

6 Global Online Vehicle Retail Market, By Component

• 6.1 Introduction
• 6.2 Software
  • 6.2.1 Virtual Showrooms
  • 6.2.2 Vehicle Configuration Tools
  • 6.2.3 Pricing and Comparison Tools
  • 6.2.4 Financing and Insurance Platforms
• 6.3 Services
  • 6.3.1 Online Customer Support
  • 6.3.2 Digital Marketing Services
  • 6.3.3 After-sales Services

7 Global Online Vehicle Retail Market, By Vehicle Category

• 7.1 Introduction
• 7.2 Passenger Vehicles
  • 7.2.1 Economy Cars
    • 7.2.1.1 Compact Cars
    • 7.2.1.2 Subcompact Cars
    • 7.2.1.3 Hatchbacks
  • 7.2.2 Luxury Cars
    • 7.2.2.1 Sedans
    • 7.2.2.2 Coupes
    • 7.2.2.3 Convertibles
  • 7.2.3 SUVs (Sport Utility Vehicles)
    • 7.2.3.1 Compact SUVs
    • 7.2.3.2 Mid-Size SUVs
    • 7.2.3.3 Full-Size SUVs
    • 7.2.3.4 Crossovers
  • 7.2.4 Other Passenger Vehicles
• 7.3 Commercial Vehicles
  • 7.3.1 Trucks
    • 7.3.1.1 Light Trucks
    • 7.3.1.2 Heavy-Duty Trucks
    • 7.3.1.3 Pickup Trucks
  • 7.3.2 Vans
    • 7.3.2.1 Minivans
    • 7.3.2.2 Cargo Vans
  • 7.3.3 Three-Wheelers
    • 7.3.3.1 Rickshaws
    • 7.3.3.2 Tuk-Tuks
  • 7.3.4 Other Commercial Vehicles
• 7.4 Two-Wheelers
  • 7.4.1 Motorcycles
  • 7.4.2 Scooters

8 Global Online Vehicle Retail Market, By Propulsion Type

• 8.1 Introduction
• 8.2 Internal Combustion Engine (ICE) Vehicles
• 8.3 Electric Vehicles (EV)
• 8.4 Hybrid Vehicles

9 Global Online Vehicle Retail Market, By Business Model

• 9.1 Introduction
• 9.2 B2C (Business to Consumer)
• 9.3 C2C (Consumer to Consumer)

10 Global Online Vehicle Retail Market, By End User

• 10.1 Introduction
• 10.2 Individual Buyers
• 10.3 Fleet Operators
• 10.4 Car Rental Companies

11 Global Online Vehicle Retail Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Carvana
• 13.2 AutoTrader
• 13.3 Cars.com
• 13.4 TrueCar
• 13.5 CarGurus
• 13.6 eBay
• 13.7 OLX
• 13.8 Cazoo
• 13.9 Auto1 Group
• 13.10 Kavak
• 13.11 CarMax
• 13.12 Alibaba (Tmall Auto)
• 13.13 WeBuyAnyCar