LONDON, June 10, 2014 /PRNewswire/ -- e-Retailing for automotive parts and services is expected to experience double-digit growth in North America and Europe by 2020. The market will not only witness higher online sales, but will also see new ways of aftersales fulfillment, such as mobile service, remote repair, social buying, and so on. These developments may present new revenue opportunities for various aftermarket stakeholders, but there are significant challenges as well.
Frost & Sullivan will present the top trends and the challenges that will shape the global e-Retailing automotive aftermarket during the coming years, in an online conference on 19 June, at 4 pm BST with Industry Principal Kumar Saha, who has recently completed an extensive analysis on this subject.
To register and attend this complimentary briefing please contact Chiara Carella, Corporate Communications, at chiara.carella@frost.com. A recorded version will also be available after the conference.
"While both North America and Europe will experience strong growth in online parts sales throughout 2020, their growth trajectories will be markedly different," says Mr Saha. "The USA will continue to see dominance of the likes of Amazon, while local participants (Oscaro, Delticom) and traditional retailers in Europe will make the most of online growth."
According to Frost & Sullivan's research, by 2020 the automotive parts sales will cross the $40 billion mark in developed countries.
The briefing is open to all companies interested. It will uncover the opportunity hotspots (regions, categories) and will present the best practices of successful e-Retailers. It will also show how to effectively leverage emerging technologies and business models for building omnichannel presence.
The presentation will be followed by a live question-and-answer session with the analyst.
