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Tyres Set European eRetailing Market for Automotive Parts Rolling

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Tyres Set European eRetailing Market forTyres Set European eRetailing Market for Automotive Parts Rolling PR Newswire LONDON, April 10, 2014 - Nearly 20 percent of all tyres in Europe to be sold online by 2020 The growing influence of the internet on the auto industry can be seen in the continuous growth of the eRetailing market for automotive parts. eRetailing of automotive components has given aftermarket participants a fresh boost and presents a new sales channel dynamic enough to be in sync with evolving macro-economic conditions and also flexible enough to address customer needs by offering a personalized shopping experience. The sale of tyres is according to Frost & Sullivan (www.automotive.frost.com) by far the biggest segment amongst all automotive replacement parts sold online, contributing close to 46 percent of total aftermarket eRetail revenues for auto parts in Europe and being worth EUR 2.5 billion in 2013. "Rapid growth in online tyre retail is indicative of a shift in aftermarket consumer behaviour with respect to cost, availability and choice," says Frost & Sullivan Senior Research Analyst, Anuj Monga. "The online sale of tyres currently constitutes 7.8 percent of the total tyre aftermarket. Growth in online tyre sales therefore challenges the current decline in sales, as witnessed by the broader tyre aftermarket, particularly through traditional retail channel.
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Tyres Set European eRetailing Market for Automotive Parts Rolling

PR Newswire

- Nearly 20 percent of all tyres in Europe to be sold online by 2020

The growing influence of the internet on the auto industry can be seen in the continuous growth of the eRetailing market for automotive parts. eRetailing of automotive components has given aftermarket participants a fresh boost and presents a new sales channel dynamic enough to be in sync with evolving macro-economic conditions and also flexible enough to address customer needs by offering a personalized shopping experience.

The sale of tyres is according to Frost & Sullivan (www.automotive.frost.com) by far the biggest segment amongst all automotive replacement parts sold online, contributing close to 46 percent of total aftermarket eRetail revenues for auto parts in Europe and being worth EUR 2.5 billion in 2013.