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 & Competition, 2020-2030F

Market Overview:

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 experiencing significant growth fueled by increasing adoption of electric vehicles, which creates sustained demand for specialized replacement parts such as batteries, tires, and electronic components. Advances in battery technology and extended vehicle lifespans are encouraging aftermarket players to innovate in refurbishment and recycling services. Growing consumer awareness about sustainable and cost-effective maintenance solutions drives interest in smart diagnostics and predictive maintenance systems. Opportunities arise from expanding charging infrastructure, which supports EV usage and creates a parallel market for related accessories and upgrades. For instance, in 2024, the global public EV charging network expanded by over 1.3 million points, a 30% year-over-year increase. China accounted for about two-thirds of this growth and currently holds approximately 65% of global public chargers alongside 60% of the electric light-duty vehicle stock. Europe’s public charging points grew by more than 35% in 2024, surpassing 1 million points, with the Netherlands leading Europe’s network with over 180,000 chargers.

Market Drivers

Increasing Electric Vehicle Adoption

The rapid growth in electric vehicle sales is a primary driver of the aftermarket industry. As more consumers switch to electric vehicles, the need for maintenance, repair, and replacement parts specific to these vehicles escalates. Unlike traditional vehicles, EVs have unique components such as battery packs, electric motors, and power electronics, which require specialized aftermarket services. The growing fleet size naturally expands the demand for tires designed for EV performance, brake components suited to regenerative braking systems, and high-tech electronic parts. This surge in demand encourages aftermarket companies to invest in developing tailored solutions and expanding their service capabilities. The increasing number of EVs on roads is transforming the aftermarket landscape by shifting the focus towards sustainable and technologically advanced vehicle components. For instance, In 2024, electric car sales worldwide surpassed 17 million, marking a growth of over 25% compared to the previous year. The additional 3.5 million electric cars sold in 2024 alone exceed the total global sales recorded in 2020. China remained the dominant market, with sales exceeding 11 million—surpassing the entire global sales volume from just two years prior. While growth in Europe slowed due to subsidy reductions and unchanged EU CO2 targets, the United States saw continued, albeit slower, growth in electric car sales. Notably, markets outside China, Europe, and the U.S. experienced a record 40% sales increase, reaching 1.3 million electric cars and approaching the U.S. sales volume of 1.6 million.

 Advancements in Battery Technology and Recycling

Battery technology improvements play a significant role in shaping the EV aftermarket. Advances in battery chemistry and design extend the lifespan and efficiency of battery packs, affecting how often replacements or refurbishments are needed. As batteries age, the demand for cost-effective recycling and second-life applications increases, opening new market segments within the aftermarket space. The rise of battery swapping and remanufacturing services highlights opportunities for sustainable solutions that reduce environmental impact. Companies are developing processes to reclaim valuable materials like lithium, cobalt, and nickel, supporting circular economy principles and cost reduction for replacement batteries. These technological strides drive innovation across the aftermarket by encouraging the integration of eco-friendly services and new business models.

Growth of Smart Diagnostics and Predictive Maintenance

Smart diagnostics and predictive maintenance systems are transforming how EVs are serviced in the aftermarket. Connected vehicle technologies and onboard sensors provide real-time data that enables proactive identification of potential failures before they occur. This capability reduces downtime and repair costs, improving vehicle reliability and owner satisfaction. Predictive analytics leverage machine learning to interpret complex data patterns, allowing service providers to schedule maintenance based on actual vehicle condition rather than fixed intervals. The aftermarket industry is investing in these digital tools to differentiate service offerings and increase operational efficiency. As vehicles become increasingly software-driven, remote diagnostics and over-the-air updates are becoming standard practice, creating new service channels for aftermarket players.

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Key Market Challenges

High Cost and Complexity of EV Components

Electric vehicles feature advanced components that are often more expensive and complex than those in traditional vehicles, presenting a major challenge for the aftermarket industry. Repairing or replacing battery packs, power electronics, and electric motors requires specialized knowledge, equipment, and safety protocols that many aftermarket service centers currently lack. This complexity restricts market accessibility, favoring well-equipped and highly trained providers over smaller or independent workshops. The high cost of replacement parts also impacts consumer willingness to invest in repairs, sometimes pushing owners to delay maintenance or seek alternative solutions. Supply chain limitations for critical materials add to the cost and availability challenges. Meeting evolving safety standards for handling high-voltage components increases operational overhead. These factors combined create barriers to scaling aftermarket services efficiently.

Supply Chain Constraints and Raw Material Scarcity

Securing a steady supply of components for electric vehicles remains a significant challenge for aftermarket providers. Critical raw materials like lithium, cobalt, and nickel are subject to geopolitical tensions, mining limitations, and fluctuating prices, which disrupt manufacturing and distribution of EV parts. These constraints cause delays and increase costs for essential components such as batteries and electronic modules. The complexity of global supply chains, combined with rising demand, results in bottlenecks that can negatively affect service availability and pricing stability. Aftermarket companies face pressure to forecast demand accurately and maintain adequate inventory levels despite uncertainties. Dependence on a limited number of suppliers also increases risk exposure. To mitigate these challenges, firms are exploring alternative materials, local sourcing, and strategic partnerships with manufacturers.  

Key Market Trends

Integration of IoT and Connected Vehicle Technologies

The integration of Internet of Things (IoT) and connected vehicle systems is reshaping the electric vehicle aftermarket by enabling smarter, data-driven maintenance services. Vehicles equipped with sensors continuously monitor critical components and transmit diagnostic data to service providers in real time. This connectivity supports remote diagnostics, software updates, and predictive maintenance, allowing issues to be addressed proactively and reducing unscheduled downtime. Aftermarket companies leverage this data to develop personalized service packages and optimize inventory management. Enhanced communication between vehicles and service centers improves repair accuracy and customer engagement. The trend drives aftermarket providers to adopt digital platforms and invest in cybersecurity to protect sensitive data. IoT integration also facilitates new business models such as subscription-based maintenance and usage-based insurance, expanding revenue streams.

Expansion of Battery Second-Life and Recycling Markets

As EV batteries reach the end of their automotive lifecycle, the emergence of second-life applications and recycling markets is gaining momentum. Batteries with reduced capacity but still functional are repurposed for energy storage in stationary applications like grid balancing and renewable energy integration. This trend supports sustainability goals and offers new revenue opportunities within the aftermarket ecosystem. Recycling processes recover valuable materials, reducing dependency on mining and lowering the environmental footprint. Companies are investing in advanced recycling technologies to improve efficiency and cost-effectiveness. This circular approach aligns with stricter environmental regulations and growing consumer demand for eco-friendly solutions. The expansion of battery reuse and recycling infrastructure is fostering collaboration among manufacturers, recyclers, and service providers, promoting a more sustainable lifecycle for EV components.

Increasing Demand for Specialized EV Tires and Components

Electric vehicles require tires and components tailored to their unique performance characteristics, driving growth in specialized aftermarket segments. EVs demand tires that can handle heavier weight due to batteries, provide low rolling resistance for efficiency, and deliver quiet operation to complement the vehicle’s silent driving experience. Manufacturers are developing tires with enhanced durability and heat resistance to withstand higher torque and regenerative braking forces. The trend extends to other replacement parts like brake pads designed for lower wear and filters adapted for EV-specific needs. Consumer awareness of these specialized requirements is increasing, prompting aftermarket providers to stock dedicated EV products and services. This shift is encouraging innovation in materials and designs that improve safety, performance, and sustainability. Growth in this segment reflects the maturation of the EV market and the need for aftermarket solutions that support optimized vehicle operation.

Segmental Insights

Vehicle Type Insights

In 2024, the passenger car segment dominated the Global Electric Vehicle Aftermarket, driven by the widespread adoption of electric passenger vehicles across various consumer demographics. Passenger EVs represent the largest installed base on roads, which directly translates into higher demand for aftermarket services tailored to these vehicles. Maintenance and replacement needs for batteries, tires, brakes, and electronic components in passenger EVs are more frequent due to their extensive use in daily commuting and urban mobility. The passenger car segment also benefits from rapid technological advancements and consumer preference for enhanced vehicle performance and longevity, which fuels demand for specialized aftermarket parts and repair services.

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Regional Insights

In 2024, Asia-Pacific emerges as the dominant region in the Electric Vehicle Aftermarket, driven by the substantial adoption of electric vehicles across multiple countries and robust government support for clean transportation. The region’s large population base and rapid urbanization accelerate the demand for aftermarket services including battery replacement, tire upgrades, and electronic component repairs. Growing investments in charging infrastructure and advancements in local manufacturing capacity contribute to a dynamic aftermarket ecosystem. Consumers’ increasing preference for electric mobility creates sustained opportunities for service providers and parts suppliers. For instance, Electric car sales in China jumped nearly 40% in 2024, pushing its share of global electric car sales to almost two-thirds. Since July 2024, electric cars outsold conventional ones monthly, with about half of all cars sold in China being electric for the year. A trade-in scheme offering incentives for replacing older vehicles boosted sales, with 60% of 6.6 million participants choosing electric cars. Plug-in hybrids grew faster than battery electric vehicles, increasing their share from 15% in 2020 to nearly 30% in 2024, while battery electric cars still saw a sevenfold increase in volume despite dropping below 60% of total electric sales.

Recent Developments

• In February 2023, Stellantis North America announced an investment exceeding USD 100 million to upgrade its Indiana Transmission Plant for the production of electric drive modules. The facility will support Stellantis’ broader electrification goals, creating advanced components for multiple EV platforms. This initiative underscores Stellantis’ commitment to transforming its manufacturing footprint for electric mobility. The investment will also contribute to workforce development and local economic growth.
• In July 2025, Elektrobit and Foxconn signed a joint development agreement to co-create the EVOS platform, a comprehensive software architecture for electric vehicles. This collaboration aims to accelerate software-defined vehicle capabilities, offering flexible solutions for diverse automotive applications. The partnership combines Elektrobit’s automotive software expertise with Foxconn’s manufacturing scale. The platform is designed to enhance connectivity, safety, and user experience in future EVs.
• In April 2024, Honda revealed its electrification strategy focused on solid-state batteries and software innovations for upcoming electric vehicles. The company aims for significant cost reductions and enhanced vehicle performance by integrating proprietary battery technology. Honda also plans to increase its share of EVs in global sales over the coming decade. This announcement reinforces Honda’s transition toward sustainable and intelligent mobility solutions.
• In December 2024, Audi announced the start of production for electric models at its newly constructed plant in Changchun, China. The facility is dedicated exclusively to manufacturing premium electric vehicles, featuring advanced digital and sustainable production methods. Audi emphasizes localized production to meet growing regional demand. The plant symbolizes Audi’s commitment to expanding its electric portfolio and optimizing global manufacturing operations.
• In July 2025, Jindal Mobilitric unveiled a new electric vehicle offering an impressive range of 165 km on a single charge. The launch targets urban commuters seeking sustainable and affordable transportation solutions. The vehicle integrates modern features and efficient battery technology. Jindal Mobilitric aims to support India’s electric mobility push with accessible electric vehicle options.
• In June 2025, India’s Ministry of Heavy Industries announced fresh incentives under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme to promote electric mobility. The new measures extend support for electric two-wheelers, three-wheelers, and commercial vehicles. The government aims to increase EV penetration and reduce vehicular emissions. These incentives are part of broader efforts to accelerate India’s green transportation transition.

Key Market Players

• 3M
• ABB Ltd.
• EVBox Group
• ChargePoint Inc.
• Webasto SE
• Siemens AG
• Bosch Automotive Service Solution Inc.
• Schneider Electric SE
• Continental AG
• Denso Corporation

Report Scope:

In this report, the global Electric Vehicle Aftermarket Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

•           Electric Vehicle Aftermarket Market, By Vehicle Type:

o    Passenger Cars

o    Commercial Vehicle

•           Electric Vehicle Aftermarket Market, By Propulsion Type:

o    BEV

o    HEV

o    PHEV

o    FCEV

•           Electric Vehicle Aftermarket Market, By Replacement Part:

o    Tire

o    Battery

o    Brake Pads

o    Filters

o    Body Parts

o    Lighting and Electronic Component

o    Others

•           Electric Vehicle Aftermarket Market, By Distribution Channel:

o    Authorized Service Centers (OEM)

o    Premium Multi Brand Service Centers

o    Digital Aggregators

o    Others

•           Electric Vehicle Aftermarket Market, By Region:

o    North America

§  United States

§  Canada

§  Mexico

o    Europe & CIS

§  Germany

§  France

§  U.K.

§  Spain

§  Italy

o    Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

§  Australia

§  Thailand

o    Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

o    South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the global Electric Vehicle Aftermarket Market.

Available Customizations:

Global Electric Vehicle Aftermarket Market report with the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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