The entire auto parts industry experienced core shortages last year, which had a certain impact on the production of major brands of automobiles, but the "after-market demand" for overseas automobiles is still strong. In addition, in 2022, the epidemic will be gradually controlled around the world, and the pent-up demand for auto parts will be released. In short, whether it is from the growth of auto parts exports or the scale of cross-border e-commerce exports, auto and motorcycle parts exports will usher in another spring.

1. In 2020, the global auto parts market will reach US$983 billion, and it is expected to reach US$1.37 trillion by 2030, with a CAGR of 3.38% and a CAGR of 7.5% for automotive supplies.

2. The scale of e-commerce sales is expected to increase from $47 billion in 2020 to $292.6 billion in 2030, with a compound annual growth rate of 20%, and the proportion of e-commerce sales will increase from 4% to 20%.

1. The shortage of chips and the slowdown in the sales of new cars have boosted the local used car market to be active, and there is a great demand for high-quality products such as increased distribution and low-level modifications;

2. The rising prices of raw materials and sea freight, forcing offline channels to compress profits, find cheaper supplies, and maintain profit margins;

3. The rise in oil prices caused by the conflict between Russia and Ukraine has increased the cost of using oil vehicles globally, which is good for the sales of new energy vehicles, and at the same time brings the continued prosperity of the electric vehicle aftermarket.

Analysis of the characteristics of the cross-border e-commerce auto and motorcycle parts market in 2022:

1. Large market size

The auto parts market is huge, and its global market valuation has reached 378 billion US dollars, with an annual growth rate of about 4%.

2. National needs

Take the United States as an example. Compared with China, the population of the United States accounts for only one-third of the entire population, but the number of cars is the same as that of China.

Secondly, most of the transportation methods abroad are mainly highways, and the tolls in the foreign automobile transportation industry are very high, which leads to the fact that almost everyone in ordinary foreign families has a car.

And due to the high labor cost of auto repair abroad, many overseas consumers are accustomed to buying their own parts for modification and repair, whether they want to upgrade performance accessories such as alloy wheels, or want to replace auto parts such as water pumps and brake pads, many overseas consumers It is to purchase products through online channels, and then install accessories by yourself (or turn to professional repair shops to install them) for product use.

Data source: eMarketer

According to the statistics of eMarketer, a well-known research company in North America, among the categories with the fastest growth in online sales in 2021, auto parts products ranked fourth, with a growth rate of 13.5%, and the total transaction volume of the online market reached more than 60 billion US dollars.

Among them, the fastest driving sales growth of sellers must belong to DIY consumers. Because of the wear and tear of vehicles under natural use: - Maintenance categories such as filters, brakes, tires, suspension, etc. - Electrical categories such as light bulbs, starter motors, alternators, fuel pumps and injectors - Lining Mechanical categories such as covers and engine mounts - products used inside and outside the car such as wiper blades and door handles, so the market for such products is in great demand. These categories are also more suitable for auto parts novice products.

car parts:
In general, auto parts refer to all parts and components except the car frame, where a part refers to a single component that cannot be disassembled; a component refers to a combination of parts that realizes a certain action (or: function). A component can be a single part or a combination of multiple parts. In this combination, one part is the main part, which realizes the given action (or: function), and the other parts only play auxiliary functions such as connection, fastening, and guidance.

Cars are generally composed of four basic parts: engine, chassis, body and electrical equipment, so various subdivisions of auto parts are derived from these four basic parts. According to the nature of the parts, it can be divided into engine system, power system, transmission system, suspension system, braking system, electrical system and others (general supplies, loading tools, etc.).
Auto parts is a big market in mainstream countries in Europe, America and Australia, and it is also a blue ocean category of cross-border e-commerce. The mainstream white countries in Europe and the United States have a strong car culture and expensive labor costs, so they like to get their own cars in the garage, so this market is quite large.
vehicle electronics:
In-vehicle electronic devices generally do not directly affect the running performance of the car, and increase the added value of the car by improving the degree of intelligence, informatization and entertainment. Like 3C products such as mobile phones and tablets, the electronic parts of automobiles are constantly being updated, which is also a vertical blue ocean for auto parts sellers to break the homogeneous competition. According to the forecast of the Association of Automobile Manufacturers, the global automotive electronics market will reach $355 billion by 2023. With the popularization of 5G technology, the demand for upgrading and application of automotive electronic components in the automotive aftermarket will also continue to grow.