Status : Published Published On : Feb, 2024 Report Code : VRAT9627 Industry : Automotive & Transportation Available Format : Page : 195
2025
2030

Global Electric Vehicle Aftermarket – Analysis and Forecast (2025-2030)

Industry Insights By Replacement Part (Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Turbochargers and Others), By Propulsion Type (Battery Electric Vehicles, Hybrid Electric Vehicles, Fuel Cell Electric Vehicles and Plug-in Hybrid Electric Vehicles), By Vehicle Type (Passenger Cars and Commercial Vehicles), By Certification Type (Genuine Parts, Certified Parts and Uncertified Parts), By Distribution Channel (Authorized Service Centers (OEMs), Premium Multi-brand Service Centers, Digital Aggregators and Others), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The global market for electric vehicles is growing rapidly, but their internal combustion engine-powered equivalents will require timely, efficient servicing and repair as they age. This represents an enormous opportunity for the aftermarket, but significantly only for garages that have invested in the equipment and know-how to work safely on these electric vehicles. Global electric vehicle sales grew from 2017 to 2018. While car sales may have collapsed in the first quarter of 2020, Europe and China have strongly supported a green recovery with growth in the electric vehicle sector. 

The automobile industry is ahead of schedule on approaching the tipping point of when it will be as cheap (and realistic) to own an electric vehicle as one with an internal combustion engine. As projected prices of battery packs drop, this industry will now reach US $ 100/KWh a year earlier by 2024. The global electric vehicle aftermarket is projected to reach USD 0.21 Billion by 2030 from USD 0.06 Billion in 2023, growing at a CAGR of 19.87% during the forecast period 2025-2030. 

The ecosystem of products, services, and solutions that cater to the needs of electric vehicle (EV) owners beyond the original manufacturer's offerings is the electric vehicle aftermarket. Due to their environmentally friendly and cost-efficient nature, the electric vehicle aftermarket has emerged to provide various enhancements and modifications. EV owners often turn to the aftermarket to personalize their vehicles, extend their range, improve charging infrastructure at home, or enhance overall performance. A wide range of components and services, including charging solutions, battery upgrades, performance tuning, interior customization, and maintenance services as electric vehicles gain prominence in the automotive industry. The companies specializing in the electric vehicle aftermarket focus on addressing the unique requirements of EVs, which contributes to the growth and innovation of this sector.

The Global Electric Vehicle Aftermarket is driven by the increasing demand for software-oriented aftermarket enterprises specializing in digital solutions. A notable market impetus arises from several original equipment manufacturers (OEMs) capitalizing on exclusive access to EV-specific components. Also, the rise of sizable independent aftermarket (IAM) intermediaries has significantly contributed to the escalating demand. The transformation from reactive to proactive and prescriptive maintenance practices is an additional force propelling the global market forward, uplifting brand loyalty and customer satisfaction. 

Market Segmentation

Insight by Replacement Part

Based on replacement part, The Global Electric Vehicle Aftermarket is segmented into Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Turbochargers and Others. Tire segment dominates the market as EV manufacturers often prioritize efficiency and range, prompting aftermarket tire manufacturers to develop specialized low-rolling-resistance tires that help maximize an EV's distance on a single charge.

Insight by Propulsion Type

The Global Battery Electric Vehicle Aftermarket is segmented into Battery Electric Vehicles, Hybrid Electric Vehicles, Fuel Cell Electric Vehicles and Plug-in Hybrid Electric Vehicles. BEVs are also known as All-Electric Vehicles (AEV). Electric Vehicles using BEV technology run entirely on a battery-powered electric drive train.

Insight by Vehicle Type

Based on vehicle type, the Global Electric Vehicle Aftermarket is bifurcated into Passenger Cars and Commercial Vehicles. Due to their versatility and widespread adoption, passenger cars dominate the market as this segment holds a unique place within the electric vehicle aftermarket. As passenger car manufacturers continue to introduce new models and technologies, the aftermarket adapts and evolves to provide compatible products and services, which enables longer ranges. Overall durability and cost-effectiveness of electric vehicles is maintained to a longer lifespan.

Insight by Certification Type

Based on certification type, the Electric Vehicle Aftermarket is further segmented into Genuine Parts, Certified Parts and Uncertified Parts. Genuine parts dominate the market, as this segment holds significant importance due to the critical role it plays in ensuring quality, compatibility, and performance. Electric vehicles often involve complex interactions between various components, such as battery management systems, regenerative braking systems, and electric drivetrains. Genuine parts are engineered to work in harmony with these intricate systems, reducing the risk of compatibility issues or malfunctions.

Insight by Distribution Channel 

Based on distribution channels, the Electric Vehicle Aftermarket  is classified into Authorized Service Centers (OEMs), Premium Multi-brand Service Centers, Digital Aggregators and Others. Authorized service centers (OEMs) dominate this market as this segment offers a range of benefits that set them apart within the electric vehicle aftermarket. The direct connection with the manufacturers  helps maintain the integrity of the vehicles, ensuring that repairs and replacements are carried out with components that meet the manufacturer's rigorous quality standards. Furthermore, the expertise of technicians at authorized centers ensures that repairs are conducted with precision, reducing the risk of potential issues arising from improper servicing.

Global Electric Vehicle Aftermarket Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  0.06 Billion

Revenue Forecast in 2030

U.S.D.  0.21 Billion

Growth Rate

19.87%

Segments Covered in the Report

By Replacement Part, By Propulsion Type, By Vehicle Type, By Certification and By Distribution channel

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Asia-Pacific, Europe, Latin America and Middle East and Africa

Industry Dynamics

Growth Drivers

The electric vehicle industry is growing at an exceptional rate, and many electrifying developments are on the horizon. Despite supply constraints and the COVID-19 pandemic, the number of passenger EVs on the road is expected to grow gradually. The Global Electric Aftermarket is mainly driven by the price of EVs which is dropping as technology improves and manufacturing becomes more efficient. As the charging infrastructure improves,  anxiety of manufacturers of electric vehicles is slowly being alleviated. Government incentives are making EVs more attractive to consumers. EVs are becoming more popular as they are a cleaner and more sustainable option. EV manufacturers are introducing new models and upgrades, hence aftermarket companies leverage these developments to create innovative products and services that enhance the overall EV ownership experience. This technological advancement allows for customization opportunities that cater to diverse consumer preferences. EV owners seek aftermarket solutions to modify their vehicle’s performance, battery capabilities, and charging options. Technological advancements foster a competitive landscape in which aftermarket providers continually strive to offer cutting-edge solutions, thus stimulating the growth of the electric vehicle aftermarket.

The need for convenient and accessible charging stations becomes dominant, as the adoption of EVs speed up. Various aftermarket companies grab this opportunity by offering innovative charging solutions that address various charging requirements. As more consumers switch to EVs, the demand for versatile and efficient charging solutions drives the electric vehicle aftermarket to develop novel products that ease charging concerns.

Restraints

Limited awareness and perception is the major restraint of the Electric Vehicle Aftermarket. Despite  the popularity of electric vehicles, still there is a lack of awareness and understanding regarding the electric vehicles' aftermarket offerings. The products and services of Electric Vehicle Aftermarket can be relatively high compared to their local counterparts. The limited expertise and training available for servicing and repairing EVs is an another constrain. EVs require specialized knowledge and skills to handle their unique components, such as high-voltage batteries and electric drivetrains, unlike conventional vehicles.

Geographic Overview

  • North America
  • Europe 
  • Asia Pacific (APAC)
  • Latin America
  • Middle East and Africa

Based on region, The Global Electric Vehicle Aftermarket is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

North America dominates the market due to the largest market share. North America boasts a developed automotive infrastructure, including a well-established network of dealerships, service centers, and charging stations. This infrastructure provides a solid foundation for the electric vehicle aftermarket to flourish, offering a wide variety of solutions ranging from performance enhancements and battery upgrades to maintenance services and aesthetic modifications. Furthermore, several major EV manufacturers and tech companies feel the region as its home that are at the forefront of innovation in the electric mobility sector. This awareness of industry leaders facilitates collaborations, and technical know-how leading to the development of cutting-edge aftermarket offerings that cater to the evolving needs of North American EV owners.

Key Players Covered in the Report

Some of the leading EV aftermarket companies include Tesla, Robert Bosch GmbH, Schaeffler AG, Delphi Technologies, Magna International , BorgWarner, Continental AG, ZF Friedrichshafen AG, Michelin AISIN Corporation, DENSO Corporation, GUD Holdings Limited, HELLA GmbH & Co. KGaA, Kavo B.V., Marelli Holdings Co., Ltd., Veoneer , T Sportline, Inc., Bridgestone Corporation, The Yokohama Rubber Co., Ltd., Akebono Brake Industry Co., Ltd., NTN Corporation, Tenneco Inc.

Recently, Veoneer’s Restraint Control Systems (RCS) business has been awarded a significant, long-term contract to deliver its market-leading next-generation product to one of North America’s largest OEMs. In 2026, Veneer will begin delivering the restraint control system to four of the North American OEM’s vehicle platforms, including its electric vehicles. 

Robert Bosch, LLC announced it has added 133 automotive aftermarket parts to its portfolio in recent times, covering more than 34 million vehicles in operation across North America — reinforcing the company’s commitment to offering a complete range of high-quality and reliable parts for the whole workshop.

The availability of a robust charging infrastructure is one of the major roadblocks to wider EV adoption. There are three available charging levels: 1, 2 and 3. Each level differentiates charging based on voltage, which simply translates to speed of energy delivery. Tesla vehicles have notoriously stuck to a proprietary network of fast Level 3 and Level 2 chargers, but with adapters non-Teslas can connect to Tesla chargers and vice versa. But that’s not without one major exception: Level 3 Tesla stations. Tesla has a vast network of proprietary Level 3 high-speed chargers called “Superchargers.” The rest of the industry splits between two standards: Nissan and Mitsubishi use the Asian standard called CHAdeMO and all other manufacturers use the Combined Charging System, or “Combo” plug, to hook up to DC Fast Chargers. Currently only CHAdeMO offers an adapter for Tesla vehicles to use DCFC..

The Global Electric Vehicle Aftermarket report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By Replacement Part 
    • Tire 
    • Battery 
    • Brake parts
    • Filters
    • Body parts
    • Lighting and electronic components
    • Wheels
    • Turbocharges
    • Others 
  • By Propulsion Type
    • Battery Electric Vehicles
    • Hybrid Electric Vehicles
    • Fuel Cell Electric Vehicles
    • Plug-in Hybrid Electric Vehicles
  • By Vehicle Type
    • Passenger Cars
    • Commercial vehicles
  • By Certification Type
    • Genuine parts
    • Certified parts
    • Uncertified parts
  • By Distribution channel
    • Authorized Service Centers (OEMs)
    • Premium Multi-brand Service Centers
    • Digital Aggregators
    • Others

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E.
    • Other Countries

 

Electric Vehicle Aftermarket

Frequently Asked Questions

Replacement parts in the electric vehicle aftermarket are segmented into tire, battery, brake parts, filters, body parts, lighting and electronic components, wheels, turbochargers, and others. The tire segment dominates the market due to the focus on efficiency and range by EV manufacturers.
The electric vehicle aftermarket is segmented based on replacement part, propulsion type, vehicle type, certification type, and distribution channels. Replacement part segments include tire, battery, brake parts, filters, body parts, lighting and electronic components, wheels, turbochargers, and others.
The increasing demand for software-oriented aftermarket enterprises specializing in digital solutions, the rise of sizable independent aftermarket (IAM) intermediaries, and the transformation from reactive to proactive and prescriptive maintenance practices are driving the growth of the electric vehicle aftermarket.
The electric vehicle aftermarket refers to the ecosystem of products, services, and solutions that cater to the needs of electric vehicle (EV) owners beyond the original manufacturer's offerings. It includes enhancements, modifications, and maintenance services for electric vehicles.
The global electric vehicle aftermarket is projected to reach USD 0.21 Billion by 2030 from USD 0.06 Billion in 2023, growing at a CAGR of 19.87% during the forecast period 2025-2030.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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