Electric Vehicle Aftermarket Size Worth USD 475.72 Million Globally by 2033 at a CAGR of 20.52%

# Electric Vehicle Aftermarket Size Worth USD 475.72 Million Globally by 2033 at a CAGR of 20.52% Market Overview: The Electric Vehicle Aftermarket is experiencing explosive expansion, driven by Accelerating Electric Vehicle Adoption Globally, Technological Advancements and Customization Options and Infrastructure Expansion and Charging Solutions. According to IMARC Group's latest research publication, "Electric Vehicle Aftermarket: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025–2033", The global <a href="https://www.imarcgroup.com/electric-vehicle-aftermarket">electric vehicle aftermarket size</a> was valued at USD 81.84 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 475.72 Million by 2033, exhibiting a CAGR of 20.52% from 2025-2033. This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis. Grab a sample PDF of this report: <a href="https://www.imarcgroup.com/electric-vehicle-aftermarket/requestsample">https://www.imarcgroup.com/electric-vehicle-aftermarket/requestsample</a> Our Report Includes: <ul> <li>Market Dynamics</li> <li>Market Trends and Outlook</li> <li>Competitive Analysis</li> <li>Industry Segmentation</li> <li>Strategic Recommendations</li> </ul> Growth Factors in the Electric Vehicle Aftermarket Industry: <ul> <li>Accelerating Electric Vehicle Adoption Globally</li> </ul> Internationally, electric vehicles (EV) sales are expected to grow steadily through government incentives, emissions reduction goals, and other market related policies, such as specific bans on ICE cars (including conventional gasoline and diesel cars) to promote EV adoption. The growing sales of electric vehicles will act as a market for a number of aftermarket products and services such as aftermarket EV parts, maintenance and repair, diagnostic tools, aftermarket accessories, and aftermarket performance upgrades. The automotive lubricant industry has developed fluids developed to suit electric powertrains and their operating environment. <ul> <li>Technological Advancements and Customization Options</li> </ul> New EV models and enhancements become available from manufacturers. Aftermarket companies utilize these advancements to create products and services that complement the overall EV experience. Technology developments enable the aftermarket to ease tailored products to meet individual EV user needs. EVs are modified by their owners via the aftermarket, which provides products and services to upgrade the vehicle's performance such as its battery and charging options. Improvements in battery systems are key drivers of the aftermarket. Improved battery packs increase the range and longevity of EVs. <ul> <li>Infrastructure Expansion and Charging Solutions</li> </ul> Along with the increase in number of EV use, the need for convenient public charging stations is also on the rise. Aftermarket manufacturers have stepped up in order to provide innovative charging solutions to meet several charging requirements. They include home charging equipment, portable chargers, wireless charging pads, aftermarket upgrades to EV charging systems for enabling faster charging and supporting a wider range of charging protocols. Aftermarket charging service providers are developing charging solutions, as governments and companies work to invest in the development of charging infrastructure. Key Trends in the Electric Vehicle Aftermarket <ul> <li>Enhanced Aesthetics and Comfort Upgrades</li> </ul> Within the EV community, it is common to modify owners' vehicles with body kits, paint and vinyl wraps, lighting kits, interior trim, etc., for a custom look, aesthetic or ergonomic purpose. Automakers, including mainstream ones, sell many aftermarket products to EV owners interested in such vehicle modifications. They can be equipped with a number of options to create an exclusive experience for EV owners, such as luxurious seating, audio systems, and new infotainment systems. <ul> <li>Growth in Software-Based Services and Telematics</li> </ul> Unlike conventional vehicles, EVs use software to monitor safety, energy usage, and driver interaction. EV buyers expect software updates to improve batteries, and provide new features and bug fixes after sale and delivery. They are also used for predictive maintenance and data-driven troubleshooting, fueling a new aftermarket based on software and digital services. <ul> <li>Expansion of Fleet Management and Commercial Services</li> </ul> With more delivery services, logistics firms and local transit authorities switching their car and truck fleets to electric power, fleet owners are after reliable maintenance, replacement parts and uptime-based maintenance contracts. Aftermarket firms are addressing this with predictive maintenance and parts supply contracts to provide parts and service before they're required. Leading Companies Operating in the Global Electric Vehicle Aftermarket Industry: <ul> <li>3M</li> <li>ABB Ltd.</li> <li>EVBox Group</li> <li>ChargePoint Inc.</li> <li>Webasto SE</li> <li>Siemens AG</li> <li>Bosch Automotive Service Solution Inc.</li> <li>Schneider Electric SE</li> <li>Continental AG</li> <li>Denso Corporation</li> </ul> Electric Vehicle Aftermarket Report Segmentation: Breakup By Replacement Part: <ul> <li>Tire</li> <li>Battery</li> <li>Brake Parts</li> <li>Filters</li> <li>Body Parts</li> <li>Lighting and Electronic Components</li> <li>Wheels</li> <li>Turbochargers</li> <li>Others</li> </ul> Tire represents the largest segment, as tires are a critical component of electric vehicles (EVs), and their regular replacement is necessary for optimal performance and safety. Breakup By Propulsion Type: <ul> <li>Battery Electric Vehicles</li> <li>Hybrid Electric Vehicles</li> <li>Fuel Cell Electric Vehicles</li> <li>Plug-in Hybrid Electric Vehicles</li> </ul> Based on the propulsion type, the market has been categorized into battery electric vehicles, hybrid electric vehicles, fuel cell electric vehicles and plug-in hybrid electric vehicles. Breakup By Vehicle Type: <ul> <li>Passenger Cars</li> <li>Commercial Vehicles</li> </ul> Passenger cars account for the majority of the market share, leading to a corresponding increase in demand for aftermarket parts and services specifically designed for these vehicles. Breakup By Certification: <ul> <li>Genuine Parts</li> <li>Certified Parts</li> <li>Uncertified Parts</li> </ul> Genuine parts exhibit a clear dominance in the market due to their quality assurance and compatibility with their vehicles, which drives the dominance of certified parts in the aftermarket. Breakup By Distribution Channel: <ul> <li>Authorized Service Centers (OEMs)</li> <li>Premium Multi-brand Service Centers</li> <li>Digital Aggregators</li> <li>Others</li> </ul> Authorized service centers (OEMs) hold the biggest market share as they offer OEM parts and services, ensuring quality and reliability, which encourages EV owners to utilize these facilities for their aftermarket needs. Breakup By Region: <ul> <li>North America (United States, Canada)</li> <li>Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)</li> <li>Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)</li> <li>Latin America (Brazil, Mexico, Others)</li> <li>Middle East and Africa</li> </ul> North America enjoys the leading position in the electric vehicle aftermarket market on account of the significant EV adoption and investments in charging infrastructure, positioning it as a leader in the electric vehicle aftermarket. 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