Electric Vehicle Aftermarket Report 2022: Global Size, Growth Rate (24%), Price Trends, Demand, Top Companies and Forecast to 2027 – Digital Journal | CarTailz

The latest research study “Electric Vehicle Aftermarket: Global Industry Trends, Share, Size, Growth, Opportunities and Forecasts 2022-2027‘ by IMARC Group, notes that the global electric vehicle aftermarket is expected to show a CAGR of about 24% in 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).

Request a free PDF sample for more detailed market insights: https://www.imarcgroup.com/electric-vehicle-aftermarket/requestsample

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.

Scope of the Electric Vehicle Aftermarket Report
report coverage details
growth rate CAGR of 6.20% from 2022 to 2027
Base year for the estimate 2021
Historical data 2016-2021
forecast period 2022-2027

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

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:

  • tires
  • battery
  • brake parts
  • filter
  • parts of the body
  • Lighting and electronic components
  • Wheels
  • turbocharger
  • Other

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
  • Other

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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