Home Auto Parts Automotive Industry Analysis: Over $148 Billion in Auto Parts & Accessory Sales...

Automotive Industry Analysis: Over $148 Billion in Auto Parts & Accessory Sales Influenced by way of Digital in 2019




HUDSON, Ohio, Feb. 14, 2019 /PRNewswire/ — Hedges & Company, automotive digital advertising and marketing agency, has posted its annual automobile elements & add-ons forecast for online retailing. The 2019 forecast shows online car elements and accessory income in 2019 could be over $12 billion in the U.S. And nearly US$sixteen billion for North America.

Automotive Industry Analysis

Hedges & Company tasks online income of auto parts and add-ons inside the U.S. It will be around $19 billion with the aid of 2022, with an annual boom charge of 14% to sixteen%.
Digital effects will affect $148 billion of vehicle elements and accent income through all channels, including traditional retail channels. “Digital influence” occurs as purchasers and carrier specialists search for and examine information online after they read opinions, when they may be exposed to product and emblem advertising, and as they watch video marketing or video content.

About 9 out of 10 customers now do a little research online earlier than they immediately purchase any vehicle element or accent. This online interest influences income via chain retail shops, vehicle dealers, big container shops, local independent brick & mortar stores, jobbers, and online sales.

Online sales consist of online stores and the developing quantity of manufacturers selling direct to purchasers (DTC).

The four maximum popular methods of online patron studies are: Using search engines like Google or Bing (74% of all purchasers); traveling on-line auto parts retailer websites (seventy-three %); traveling manufacturer web sites (57%) and touring automotive boards (forty-seven %).

Other highlights from the yearly Hedges & Company automotive industry evaluation:

Online car parts income in Canada is projected to attain C$3.8 billion/US$2.Nine billion in 2019.
Digital influence on parts & accent sales will develop to over $one hundred sixty billion in 2022.
Amazon car elements sales are projected at over $eight billion in 2019.
Over $7 billion in online components sales will come from cellular in 2019.
Hedges & Company has tracked online car parts sales intently every yr because of 2007, the usage of a mixture of proprietary industry research, developments evaluation, US Census records, records from the United States Bureau of Economic Analysis, interviews with industry resources, analysis of 1/3-birthday celebration information and statistical modeling. The forecast does now not encompass used or recycled elements, online auctions along with eBay Motors, or third-celebration marketplaces.

The annual automotive enterprise evaluation is published right here: https://HedgesCompany.Com/weblog/2019/01/on-line-parts-sales-12-billion-2019/. ‎

Media Contact: Jon Hedges, (234) 380-1650

About Hedges & Company:

A complete-provider digital advertising organization serving the OEM and aftermarket automobile components industry considering 2004. Automotive virtual advertising abilities encompass automotive SEO and paid search management, email advertising, automobile market studies, and mailing lists. Hedges & Company is the first and simplest Google Premier Partner enterprise devoted to both the OEM components and automotive aftermarket industries. Members of SEMA, Auto Care Association, CAN (formerly PWA) and. For more data, call (234) 380-1650 or go to https://HedgesCompany.Com.




Automotive Industry Analysis: Over $148 Billion in Auto Parts & Accessory Sales Influenced by way of Digital in 2019 2
Elaine Howell
Web fan. Beer fanatic. Explorer. Coffee ninja. Pop culture buff. Hipster-friendly food trailblazer. Skydiver, feminist, audiophile, hand letterer and AIGA member. Working at the crossroads of modernism and intellectual purity to craft delightful brand experiences. I prefer clear logic to decoration.

Must Read

Check Out The Coolest Vans Now and Be The envy of Your Friends.

With the freedom and flexibility that comes with owning a van, it's no wonder they've become so popular in recent years. But with so...

Test Drive the Porsche 918 Spyder Today and Experience the Speed

The Porsche 918 Spyder is one of the most anticipated sports cars on the market. Drivers who crave speed and luxury can finally test-drive...

Get the answers to all your questions about Drive Services near me!

Have you ever wondered what the best driving services near me are? Maybe you've been in an accident and need a tow, or your...

The Ball Joint Replacement Cost

Ball joints are critical pieces of a car's suspension system. They provide the connection between the ball at the end of a control arm...

How Much Does it Cost to Replace a Wheel Bearing?

Replacing a wheel bearing can be a costly repair, but it is essential to know the cost before getting the work done. The average...
Automotive Industry Analysis: Over $148 Billion in Auto Parts & Accessory Sales Influenced by way of Digital in 2019 3