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Electric Vehicle Aftermarket: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global electric vehicle aftermarket is expected to exhibit a CAGR of around 24% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

An electric vehicle aftermarket is a secondary market that primarily deals with after-sales of electric vehicle components. This aftermarket service offer the scope of remanufacturing or reinstallation of mechanical and electrical components, including tires, battery packs, electric motors, charging ports, power inverters, etc. Additionally, electric vehicle aftermarket aid in reducing maintenance costs and improving vehicular efficiency. Owing to these benefits, this service is widely available across several channels, including original equipment sellers, Do-it-Yourself (DIYs) and Do-it-for-Me (DIFMs), etc.

Electric Vehicle Aftermarket Trends:

The escalating popularity of EVs along with the emergence of new opportunities, particularly around the remanufacturing of vehicle batteries and electronic systems, is primarily driving the global electric vehicle aftermarket market. In addition to this, the increasing demand for software-based aftermarket companies specializing in digital solutions, including smart parking service that automatically handles parking transactions and road trip support wherein EVs are provided with self-driving travel plans, is acting as a significant growth-inducing factor. Furthermore, several OEMs are leveraging exclusive access to EV-related components, such as convenient swapping or charging batteries via exchange stations and roadside assistance, thereby stimulating the market growth. Apart from this, the emergence of large independent aftermarket (IAM) intermediaries that invest in workshops catering specifically to EV car owners and connecting them to branded global suppliers is also bolstering the product demand. Additionally, the changing inclination from reactive to proactive and prescriptive maintenance, which has resulted in enhanced customer satisfaction and brand loyalty, is further catalyzing the global market. Besides this, the widespread adoption of over-the-air digital communication, which offers remote diagnostics and product updates, is creating a positive outlook for the market growth. Numerous other factors, including the shifting ownership models from buying to renting for a specific period of time and consumer readiness to convert conventional ICEs to hybrid/EV variants through do-it-yourself (DIY) and do-it-for-me (DIFM) modes, are expected to drive the global electric vehicle aftermarket market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global electric vehicle aftermarket report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on replacement part, propulsion type, vehicle type, certification and distribution channel.

Breakup by Replacement Part:

  • Tire
  • Battery
  • Brake Parts
  • Filters
  • Body Parts
  • Lighting and Electronic Components
  • Wheels
  • Turbochargers
  • Others
     

Breakup by Propulsion Type:

  • Battery Electric Vehicles
  • Hybrid Electric Vehicles
  • Fuel Cell Electric Vehicles
  • Plug-in Hybrid Electric Vehicles
     

Breakup by Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles
     

Breakup by Certification:

  • Genuine Parts
  • Certified Parts
  • Uncertified Parts
     

Breakup by Distribution Channel:

  • Retailers
    • OEMs
    • Repair Shops
  • Wholesalers and Distributors
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Replacement Part, Propulsion Type, Vehicle Type, Certification, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global electric vehicle aftermarket performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global electric vehicle aftermarket?
  • What are the key regional markets?
  • What is the breakup of the market based on the replacement part?
  • What is the breakup of the market based on the propulsion type?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the certification?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global electric vehicle aftermarket and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Electric Vehicle Aftermarket
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Replacement Part
    6.1    Tire
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Battery
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Brake Parts
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Filters
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Body Parts
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Lighting and Electronic Components
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Wheels
        6.7.1 Market Trends
        6.7.2 Market Forecast
    6.8    Turbochargers
        6.8.1 Market Trends
        6.8.2 Market Forecast
    6.9    Others
        6.9.1 Market Trends
        6.9.2 Market Forecast
7    Market Breakup by Propulsion Type
    7.1    Battery Electric Vehicles
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Hybrid Electric Vehicles
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Fuel Cell Electric Vehicles
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Plug-in Hybrid Electric Vehicles
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Vehicle Type
    8.1    Passenger Cars
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial Vehicles
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Certification
    9.1    Genuine Parts
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Certified Parts
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Uncertified Parts
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Distribution Channel
    10.1    Retailers
        10.1.1 Market Trends
        10.1.2 Key Segments
           10.1.2.1 OEMs
           10.1.2.2 Repair Shops
        10.1.3 Market Forecast
    10.2    Wholesalers and Distributors
        10.2.1 Market Trends
        10.2.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: Global: Electric Vehicle Aftermarket: Major Drivers and Challenges
Figure 2: Global: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Electric Vehicle Aftermarket: Breakup by Replacement Part (in %), 2021
Figure 5: Global: Electric Vehicle Aftermarket: Breakup by Propulsion Type (in %), 2021
Figure 6: Global: Electric Vehicle Aftermarket: Breakup by Vehicle Type (in %), 2021
Figure 7: Global: Electric Vehicle Aftermarket: Breakup by Certification (in %), 2021
Figure 8: Global: Electric Vehicle Aftermarket: Breakup by Distribution Channel (in %), 2021
Figure 9: Global: Electric Vehicle Aftermarket: Breakup by Region (in %), 2021
Figure 10: Global: Electric Vehicle (Tire) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Electric Vehicle (Tire) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Electric Vehicle (Battery) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Electric Vehicle (Battery) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Electric Vehicle (Brake Parts) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Electric Vehicle (Brake Parts) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Electric Vehicle (Filters) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Electric Vehicle (Filters) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Electric Vehicle (Body Parts) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Electric Vehicle (Body Parts) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Electric Vehicle (Lighting and Electronic Components) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Electric Vehicle (Lighting and Electronic Components) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Electric Vehicle (Wheels) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Electric Vehicle (Wheels) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Electric Vehicle (Turbochargers) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Electric Vehicle (Turbochargers) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Electric Vehicle (Other Replacement Parts) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Electric Vehicle (Other Replacement Parts) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Electric Vehicle (Battery Electric Vehicles) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Electric Vehicle (Battery Electric Vehicles) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Electric Vehicle (Hybrid Electric Vehicles) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Electric Vehicle (Hybrid Electric Vehicles) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Electric Vehicle (Fuel Cell Electric Vehicles) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Electric Vehicle (Fuel Cell Electric Vehicles) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Electric Vehicle (Plug-in Hybrid Electric Vehicles) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Electric Vehicle (Plug-in Hybrid Electric Vehicles) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Electric Vehicle (Passenger Cars) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Electric Vehicle (Passenger Cars) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Electric Vehicle (Commercial Vehicles) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Electric Vehicle (Commercial Vehicles) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Electric Vehicle (Genuine Parts) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Electric Vehicle (Genuine Parts) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Electric Vehicle (Certified Parts) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Electric Vehicle (Certified Parts) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Electric Vehicle (Uncertified Parts) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Electric Vehicle (Uncertified Parts) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Electric Vehicle (Retailers) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Electric Vehicle (Retailers) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Electric Vehicle (Wholesalers and Distributors) Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Electric Vehicle (Wholesalers and Distributors) Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: North America: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 51: North America: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United States: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 53: United States: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Canada: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 55: Canada: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Asia-Pacific: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 57: Asia-Pacific: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: China: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 59: China: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Japan: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 61: Japan: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: India: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 63: India: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: South Korea: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 65: South Korea: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Australia: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 67: Australia: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Indonesia: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 69: Indonesia: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Europe: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 73: Europe: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Germany: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 75: Germany: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: France: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 77: France: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: United Kingdom: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 79: United Kingdom: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Italy: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 81: Italy: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Spain: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 83: Spain: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Russia: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 85: Russia: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Latin America: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 89: Latin America: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Brazil: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 91: Brazil: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Mexico: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 93: Mexico: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Others: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 95: Others: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Middle East and Africa: Electric Vehicle Aftermarket: Sales Value (in Million US$), 2016 & 2021
Figure 97: Middle East and Africa: Electric Vehicle Aftermarket: Breakup by Country (in %), 2021
Figure 98: Middle East and Africa: Electric Vehicle Aftermarket Forecast: Sales Value (in Million US$), 2022-2027
Figure 99: Global: Electric Vehicle Aftermarket Industry: SWOT Analysis
Figure 100: Global: Electric Vehicle Aftermarket Industry: Value Chain Analysis
Figure 101: Global: Electric Vehicle Aftermarket Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Electric Vehicle Aftermarket: Key Industry Highlights, 2021 and 2027
Table 2: Global: Electric Vehicle Aftermarket Forecast: Breakup by Replacement Part (in Million US$), 2022-2027
Table 3: Global: Electric Vehicle Aftermarket Forecast: Breakup by Propulsion Type (in Million US$), 2022-2027
Table 4: Global: Electric Vehicle Aftermarket Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 5: Global: Electric Vehicle Aftermarket Forecast: Breakup by Certification (in Million US$), 2022-2027
Table 6: Global: Electric Vehicle Aftermarket Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 7: Global: Electric Vehicle Aftermarket Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Electric Vehicle Aftermarket: Competitive Structure
Table 9: Global: Electric Vehicle Aftermarket: Key Players


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