Electric Vehicle Aftermarket Market to Grow with a CAGR of 12.51% through 2030
Three key drivers shaping the Global Electric Vehicle
Aftermarket are the rising EV adoption rates, increasing demand for specialized
replacement parts, and growing investments in charging infrastructure. These
are the factors driving the market in the forecast period 2026-2030.
According to TechSci Research report, “Electric
Vehicle Aftermarket Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2020-2030F”, The Global Electric Vehicle
Aftermarket Market was valued at USD 3.62 Billion in 2024 and is expected to
reach USD 7.35 Billion by 2030 with a CAGR of 12.51% during the forecast
period.
The Global Electric Vehicle Aftermarket is expanding
rapidly as the growing EV fleet ages and requires specialized maintenance,
repair, and replacement services. Unlike traditional vehicles, EVs involve
complex components like high-voltage batteries, power electronics, and advanced
software systems, driving demand for skilled diagnostics, modular repairs, and
over-the-air updates. Aftermarket players are adapting by investing in new
tools, technician training, and mobile service models to better serve urban EV
owners. Sustainability is a major factor, with a rising focus on battery
refurbishment, second-life applications, and eco-friendly recycling creating
new business opportunities.
In parallel, the expanding EV ecosystem including electric
two-wheelers, commercial vehicles, and charging infrastructure broadens
aftermarket potential with tailored parts, accessories, and station maintenance
services. Consumer expectations for customization and performance upgrades
further stimulate market growth. Regulatory changes promoting extended
warranties and repair rights influence service offerings and consumer trust.
Regional differences in market maturity highlight varying needs, from affordable
solutions in emerging markets to advanced diagnostics in developed areas.
Overall, the EV aftermarket is evolving into a complex, tech-driven sector with
strong growth prospects tied to the broader electrification trend.
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Electric Vehicle Aftermarket Market Is Segmented by
Vehicle Type, Propulsion Type, Replacement Part, Distribution Channel, and By
Region.
The fastest-growing distribution channel in the Electric
Vehicle Aftermarket in 2024 was digital aggregators. These platforms leverage
technology to connect EV owners with a wide network of service providers,
offering convenience, competitive pricing, and easy booking through mobile apps
and websites. The rise in consumer preference for seamless and contactless
service experiences drove significant adoption of these digital channels.
Enhanced data analytics and real-time tracking enabled better transparency and
improved service quality, attracting a growing user base. Digital aggregators
also expanded their service offerings beyond routine maintenance to include
battery health diagnostics, software updates, and spare parts delivery, making
them a one-stop solution for many EV owners. The flexibility and scalability of
these platforms allowed rapid penetration in urban markets where EV density and
tech-savvy consumers are high, fueling their robust growth.
Europe and the Commonwealth of Independent States (CIS)
emerged as the fastest-growing regions for the Electric Vehicle Aftermarket in
2024. Strong regulatory support, increasing EV adoption, and government
incentives encouraged the expansion of aftermarket services. The proliferation
of digital infrastructure and growing consumer comfort with online service
booking accelerated the uptake of digital aggregator channels. Urbanization and
a high concentration of EVs in cities created demand for convenient and
efficient maintenance solutions that digital platforms effectively provide. In
addition, the shift toward sustainability and circular economy models in these
regions boosted interest in battery refurbishment and remanufacturing services,
further driving aftermarket growth. The combination of supportive policies,
technological advancement, and evolving consumer behavior positioned Europe and
CIS at the forefront of this market expansion.
Major Market Players Operating in Global Electric Vehicle
Aftermarket Market Are:
- 3M
- ABB
Ltd.
- EVBox
Group
- ChargePoint
Inc.
- Webasto
SE
- Siemens
AG
- Bosch
Automotive Service Solution Inc.
- Schneider
Electric SE
- Continental
AG
- Denso
Corporation
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“The global electric vehicle aftermarket is really coming
into its own as EV adoption accelerates worldwide. What’s interesting is how
the aftermarket isn’t just about replacement parts anymore it’s evolving into a
complex ecosystem involving advanced battery maintenance, smart diagnostics,
and specialized components unique to electric drivetrains. With more BEVs
hitting the road, the demand for high-quality tires, brake pads, and
battery-related services is growing rapidly. At the same time, service channels
are shifting, with digital platforms and multi-brand service centers gaining
traction alongside traditional OEM service hubs. This shift reflects customers’
desire for convenience and cost-effectiveness without compromising quality. The
aftermarket’s growth is fueled by the need to keep EVs operating safely and
efficiently over their lifecycle, which means innovation and adaptability are
key. For businesses navigating this space, understanding these changing
dynamics and investing in new technologies will be critical to tapping into the
immense potential this market holds.”, according to Mr. Karan Chechi, Research
Director of TechSci Research, a global research-based management consulting
firm.
“Electric Vehicle Aftermarket Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Cars, Commercial Vehicle), By Propulsion Type (BEV, HEV, PHEV, FCEV), By Replacement Part (Tire, Battery, Brake Pads, Filters, Body Parts, Lighting and Electronic Component, Others), By Distribution Channel (Authorized Service Centers (OEM), Premium Multi Brand Service Centers, Digital Aggregators, Others), By Region, By Competition, 2020-2030F”, assesses the
market's future growth potential and provides data on market size, trends, and
forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the Global
Electric Vehicle Aftermarket Market.
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