Electric Vehicle AfterMarket Market Trends,
Analysis & Forecast, 2032

Electric
Vehicle AfterMarket Market
is projected to cross USD 394.4 Bn by 2032. As per the report, the electric
vehicle aftermarket market is poised for substantial growth, primarily due to
the continuous advancements in EV technology. Notably, improved batteries and
charging infrastructure are catalysts for this expansion. Enhanced battery
technology extends the lifecycle of EVs, necessitating maintenance and
replacement services. Furthermore, a more robust charging infrastructure spurs
the demand for aftermarket solutions, making the electric vehicle aftermarket
industry a promising sector for sustained growth.

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Hybrid
Electric Vehicle (HEV) aftermarket industry will amass noteworthy revenue
between 2023 and 2032, primarily driven by the expanding global adoption of
hybrid vehicles. As more HEVs hit the road, there is an increasing need for
maintenance, repair, and retrofitting services specific to hybrid technology.
This includes battery replacement, specialized diagnostic and repair tools, and
aftermarket components for hybrid systems. The growing commitment to
eco-friendly transportation and government incentives for HEV adoption further
propel the growth of this aftermarket sector.

Commercial vehicle segment is poised to
capture a notable electric vehicle aftermarket industry share by 2032,
attributed to the surging adoption of electric commercial vehicles across the
globe. As more businesses transition to electric fleets for cost-efficiency and
environmental benefits, there's a rising demand for maintenance, repair, and
accessory services specific to these EVs. This includes battery maintenance,
charging infrastructure installation, and specialized vehicle components. The
commercial sector's commitment to electric vehicles can be a driving force in
fostering a robust aftermarket ecosystem tailored to the unique needs of
electric commercial vehicles.

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Europe EV
aftermarket industry will exhibit a modest growth rate from 2023 to 2032,
driven by the continent's strong commitment to environmental sustainability.
Government incentives, strict emissions regulations, and the expansion of
charging infrastructure have spurred the widespread adoption of EVs. As the EV
market matures, there is a growing need for repair and maintenance services, as
well as aftermarket components tailored to electric vehicles. This demand is
fostering a burgeoning aftermarket industry, providing support for the
ever-increasing EV fleet across Europe.

Bridgestone, Robert Bosch GmbH, MICHELIN, ZF
Friedrichshafen AG, GMB North America Inc., Akebono Brake Corporation, and
Aptiv PLC

Partial chapters of report table of contents
(TOC):

Chapter 2   Executive Summary

2.1   
Electric vehicle aftermarket 360⁰ synopsis,
2018 - 2032

2.2   
Business trends

2.2.1   
Total Addressable Market (TAM), 2023-2032

2.3   
Regional trends

2.4   
Vehicle type trends

2.5   
Product trends

2.6   
Propulsion type trends

2.7   
Distribution channel trends

Chapter
3   Electric Vehicle Aftermarket Industry Insights

3.1   
Impact on COVID-19

3.2   
Russia- Ukraine war impact

3.3   
Industry ecosystem analysis

3.4   
Vendor matrix

3.5   
Profit margin analysis

3.6   
Technology innovation landscape

3.7   
Patent analysis

3.8   
Key news and initiatives

3.9   
Regulatory landscape

3.10   
Impact forces

3.10.1   
Growth drivers

3.10.1.1   
Rising adoption of electric vehicles

3.10.1.2   
Rising electric vehicle aftermarket startups in North America

3.10.1.3   
Growing preference for interior customization

3.10.1.4   
Increasing investments in the EV aftermarket

3.10.2   
Industry pitfalls & challenges

3.10.2.1   
High replacement costs

3.10.2.2   
Lack of standardization in EV parts

3.11   
Growth potential analysis

3.12   
Porter’s analysis

3.13   
PESTEL analysis

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