EV Aftermarket to grow at a CAGR of 24% in 2022-2027 | | Price Trends, Size, Stock, Report – EIN News | CarTailz

Electric vehicle aftermarket

SHERIDAN, WYOMING, UNITED STATES, Nov. 14, 2022 /EINPresswire.com/ — according to the latest research study, “Electric Vehicle Aftermarket: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group The global EV aftermarket size is expected to show a CAGR of approximately 24% over the period 2022-2027.

An EV aftermarket represents a secondary market primarily concerned with after-sales of EV components. This service provides the scope of remanufacturing or reinstalling mechanical and electrical components such as battery packs, electric motors, tires, charging connectors, inverters, etc. In addition, the EV aftermarket helps reduce maintenance costs and improve vehicle efficiency. As a result, this service is widely available through multiple channels including do-it-yourself (DIYs), original equipment manufacturers, and do-it-for-me (DIFMs).

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Note: We regularly track the direct impact of COVID-19 on the market as well as the indirect impact of related industries. These observations are integrated into the report.

EV Aftermarket Trends and Drivers:

The emerging trend towards new opportunities, especially around the remanufacturing of car batteries and electronic systems, is among the main factors driving the electric vehicle aftermarket. In addition, the increasing demand for software-based companies specializing in digital solutions, such as For example, intelligent parking services that process transactions automatically and the support of road trips, where these cars are equipped with self-driving travel plans, further fuel the market growth. In addition, various OEMs are taking advantage of exclusive access to EV-related components, including convenient battery swapping or charging via swap stations and roadside assistance, which is also boosting the global market. That being said, another key growth driver is the growing popularity of large independent aftermarket intermediaries (IAMs) investing in workshops specifically targeting EV owners and connecting them with brand suppliers. Accordingly, the changing propensity from reactive to proactive and mandatory maintenance, which has resulted in improved customer satisfaction and brand loyalty, is also stimulating market growth. Additionally, increasing demand for digital over-the-air communications that provide remote diagnostics and product updates is expected to boost the EV aftermarket in the years to come.

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2022-2027 Electric Vehicle Aftermarket Market Analysis & Segmentation:

Competitive landscape:

The competitive landscape of the market has been studied in the report that provides the detailed profiles of the major market players.

The report has segmented the market based on spare part, powertrain type, vehicle type, certification and distribution channel.

Breakdown by spare part:

brake parts
parts of the body
Lighting and electronic components

Breakdown by drive type:

battery electric vehicles
hybrid electric vehicles
fuel cell electric vehicles
Plug-in Hybrid Electric Vehicles

Breakdown by vehicle type:

passenger cars
commercial vehicles

Separation by certification:

original parts
Certified parts
Non-certified parts

Breakdown by sales channel:

Authorized Service Centers (OEMs)
Premium multi-brand service center
Digital Aggregators

Ask the analyst for adjustments and see the full report with TOC and list of figures: https://www.imarcgroup.com/electric-vehicle-aftermarket

Breakdown by region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
Europe: (Germany, France, UK, Italy, Spain, Russia, others)
Latin America: (Brazil, Mexico, others)
Middle East and Africa

Key highlights of the report:

Market performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
value chain
Comprehensive mapping of the competitive landscape

If you require specific information that is not currently in the scope of the report, we can provide it as part of the customization.

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About us:

IMARC Group is a leading market research company providing management strategies and market research worldwide. We partner with clients across sectors and geographies to identify their most valuable opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products cover key market, scientific, economic and technological developments for executives in pharmaceutical, industrial and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food & beverage, travel & tourism, nanotechnology and advanced processing methods are at the forefront of the company’s expertise.

Elena Anderson
IMARC Services Private Limited
+1 6317911145
email us here

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