Global Electric Vehicle Aftermarket Forecast 2025–2033

According to Renub Research Recent Report global electric vehicle aftermarket is projected to grow from US$ 78.2 million in 2024 to US$ 397.48 million by 2033, registering a CAGR of 19.8% from 2025 to 2033. Growth is fueled by rapid EV adoption, supportive government regulations, expansion of charging infrastructure, and a well-established automotive service ecosystem, particularly in North America and Europe.

The EV aftermarket encompasses replacement parts, maintenance, diagnostics, upgrades, and digital solutions unique to electric vehicles. Unlike traditional ICE vehicles, EVs rely heavily on software, advanced batteries, and electric drivetrains, creating new opportunities for aftermarket service providers.

Market Overview

Electric vehicles (EVs) are increasingly preferred due to environmental concerns, government incentives, and restrictions on ICE vehicles. As EVs penetrate global markets, the demand for aftermarket solutions—including tires, batteries, brakes, filters, lighting, electronic components, wheels, and other parts—is expanding.

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Key segments of the EV aftermarket include:

Passenger Car Aftermarket

Commercial Vehicle Aftermarket

Distribution Channels: OEM service centers, premium multi-brand service centers, digital aggregators, and others

Drivers of Electric Vehicle Aftermarket Growth

1. Charging Solutions and Infrastructure Expansion

The rising demand for accessible EV charging stations is a key growth driver.

Aftermarket companies provide wireless charging pads, portable chargers, home charging systems, and fast charging upgrades.

These solutions complement government and corporate investments in EV infrastructure, encouraging higher adoption rates.

Example: In 2024, U.S. EV charging ports grew 6.3%, with private ports increasing by 4.4% and public ports by 6.5%.

2. Comfort, Aesthetics, and Personalization

EV owners increasingly seek custom interiors, body modifications, personalized lighting, infotainment systems, and premium seats.

Aftermarket providers fill this need, enhancing both functionality and personalization.

Example: With a 25% increase in global EV sales in 2024, aftermarket vendors capitalized on the rising demand for tailored comfort and design upgrades.

3. Technological Advancements

Continuous improvements in battery technology, motor efficiency, software integration, and diagnostics are driving aftermarket innovation.

Aftermarket providers offer performance-enhancing upgrades, predictive maintenance, and digital tools to optimize EV performance.

Global battery production capacity reached 3 TWh in 2024, creating opportunities for replacement and performance-enhancing battery components.

Challenges in the EV Aftermarket

1. Battery Disposal and Recycling

EV batteries have limited lifespans, and improper disposal can result in environmental hazards, including chemical leaks and soil contamination.

The industry needs robust recycling infrastructure to recover materials like nickel, cobalt, and lithium, but widespread infrastructure is still under development.

2. Competition from Traditional Auto Parts

ICE vehicle aftermarket players hold dominant market share, posing a challenge for emerging EV-focused suppliers.

Establishing a reliable supply chain for EV-specific parts remains a hurdle.

Existing ICE service providers may lack the expertise and infrastructure for EV maintenance, creating market entry barriers.

Regional Market Insights

United States

Leading market due to high EV adoption, strong aftermarket ecosystem, and government incentives.

Growth supported by specialized maintenance, software upgrades, recycled/remanufactured parts, and digital marketplaces.

Example: $45 billion under the Inflation Reduction Act (IRA) allocated to domestic EV battery and charger production strengthens the aftermarket supply chain.

United Kingdom

Increasing EV adoption drives demand for charging systems, battery replacements, performance upgrades, and interior customization.

Aftermarket providers are investing in digital solutions for smart parking and road trip assistance, enhancing the ownership experience.

China

Largest EV manufacturing hub; aftermarket growth focuses on software updates, charging infrastructure, and battery replacement.

OEMs like NIO and BYD dominate the market, while independent players such as Tuhu expand aftermarket services.

United Arab Emirates

Government policies like the National EV Policy and Dubai Green Mobility Strategy 2030 are fueling aftermarket growth.

Incentives include free parking, toll exemptions, and lower registration costs.

Challenges: building service networks, raising awareness, and training technicians for EV maintenance.

Recent Developments

Polestar (April 2025): Introduced battery health certifications and incentives to boost confidence in used EVs.

Hyundai & Kia (Oct 2024): Strategic partnership to develop lithium iron phosphate battery technology.

Siemens AG (Sept 2024): Expansion plans for eMobility solutions, targeting EV infrastructure opportunities.

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Market Segmentation

Replacement Parts

Tires

Batteries

Brake parts

Filters

Body parts

Lighting & electronic components

Wheels

Others

Vehicle Type

Passenger Cars

Commercial Vehicles

Distribution Channels

Authorized OEM Service Centers

Premium Multi-Brand Service Centers

Digital Aggregators

Others

Regions

North America: U.S., Canada

Europe: France, Germany, Italy, Spain, UK, Belgium, Netherlands, Turkey

Asia Pacific: China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, New Zealand

Latin America: Brazil, Mexico, Argentina

MEA: South Africa, Saudi Arabia, UAE

Key Players

3M

ABB Ltd

EVBox Group

ChargePoint Inc.

Webasto SE

Siemens AG

Bosch Automotive Service Solutions Inc.

Schneider Electric SE

These companies focus on battery solutions, charging infrastructure, digital services, and aftermarket repair kits to strengthen their market positions.

Future Outlook

The EV aftermarket is poised for robust growth due to:

Rising EV adoption and supportive policies.

Expansion of charging infrastructure.

Innovations in battery technology, diagnostics, and software-based services.

Increasing consumer demand for customization, comfort, and performance upgrades.

Growth of commercial EV fleets, increasing aftermarket demand for predictive maintenance and replacement parts.

Challenges include battery recycling, standardization, and competition from traditional auto parts, but the market outlook remains highly promising.

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