Several large automotive companies in the North American parts eRetailing market have already acquired smaller technology providers to strengthen their digital presence. This digital expansion, combined with the emergence of Amazon.com, will eat into the share of small- and medium-sized automotive eRetailers and lead to market consolidation.
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Competitive pricing and high quality products essential to win back competition from low-cost imports, according to a Frost & Sullivan report.
Digital purchases could account for more than 10 percent of sales by 2020.
Tire pressure monitoring system revenue expected to more than double by 2018.