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Written by Rohit Market Expert » Updated on: July 14th, 2025
Market Overview:
The electric vehicle aftermarket is experiencing rapid growth, driven by the Surging Adoption of Electric Vehicles, Need for Specialized Components and Tools and Focus on Sustainability and Circular Economy. According to IMARC Group's latest research publication, "Electric Vehicle Aftermarket Size, Share, Trends and Forecast by Replacement Part, Propulsion Type, Vehicle Type, Certification, Distribution Channel, and Region, 2025-2033," The global electric vehicle aftermarket size was valued at USD 81.84 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 475.72 Million by 2033, exhibiting a CAGR of 20.52% from 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.
Grab a sample PDF of this report: https://www.imarcgroup.com/electric-vehicle-aftermarket/requestsample
Our report includes:
Growth Factors in the Electric Vehicle Aftermarket:
With EV sales growing rapidly worldwide, there is a parallel increase in the need for aftermarket support. Components like battery packs, tires, suspension parts, brake pads, and thermal systems require regular maintenance or replacement. As consumers shift from internal combustion engine (ICE) vehicles to electric mobility, aftermarket players are adapting to offer compatible parts and services. Governments are also providing incentives for EV usage, which indirectly fuels the aftermarket demand for upgrades, accessories, and replacement parts tailored specifically for EV models.
EVs are built differently than conventional vehicles, which has led to the development of a specialized aftermarket. High-voltage battery packs, regenerative braking systems, and complex software platforms require unique parts and diagnostic tools. As vehicles become more connected and digitally advanced, workshops and service centers must invest in training and advanced repair systems. This trend is creating opportunities for OEMs and third-party vendors to develop high-margin, EV-specific offerings in the global aftermarket landscape.
The push for sustainability is influencing EV owners and manufacturers to recycle, remanufacture, and reuse vehicle parts, especially batteries. Battery repurposing and recycling industries are expanding, helping reduce environmental impact while offering cost-effective solutions. Additionally, the growing popularity of refurbished EV components is supporting circular economy practices. These trends are reshaping how the aftermarket operates, favoring eco-conscious consumers and expanding the life cycle of high-value EV components.
Key Trends in the Electric Vehicle Aftermarket:
Digital transformation is sweeping the EV aftermarket, with a growing number of consumers turning to e-commerce platforms for parts and services. Online channels offer a wider selection of EV-specific products, better price transparency, and ease of comparison. From brake kits to charging cables and software updates, EV owners increasingly rely on online ordering and doorstep delivery. This trend is accelerating the shift away from traditional brick-and-mortar stores, making online distribution a significant growth driver.
Unlike traditional vehicles, EVs rely heavily on embedded software and connectivity. This has opened new doors in the aftermarket, including over-the-air (OTA) updates, performance tuning apps, and diagnostic software. These services not only enhance vehicle performance and user experience but also extend the life of components. As EV makers offer more customizable and updateable software, third-party providers are tapping into this opportunity to deliver value-added digital solutions.
Battery maintenance and optimization have become central to EV performance. The aftermarket is responding with services like battery diagnostics, thermal management solutions, and second-life battery usage. These services ensure better performance, longer range, and extended battery life. In regions with high EV penetration, dedicated battery clinics and service providers are emerging, giving rise to a new segment within the aftermarket focused entirely on energy storage systems.
Leading Companies Operating in the Global Electric Vehicle Aftermarket Industry:
Electric Vehicle Aftermarket Report Segmentation:
Breakup By Replacement Part:
Tire represents the largest segment, as tires are a critical component of electric vehicles (EVs), and their regular replacement is necessary for optimal performance and safety.
Breakup By Propulsion Type:
Based on the propulsion type, the market has been categorized into battery electric vehicles, hybrid electric vehicles, fuel cell electric vehicles and plug-in hybrid electric vehicles.
Breakup By Vehicle Type:
Passenger cars account for the majority of the market share, leading to a corresponding increase in demand for aftermarket parts and services specifically designed for these vehicles.
Breakup By Certification:
Genuine parts exhibit a clear dominance in the market due to their quality assurance and compatibility with their vehicles, which drives the dominance of certified parts in the aftermarket.
Breakup By Distribution Channel:
Authorized service centers (OEMs) hold the biggest market share as they offer OEM parts and services, ensuring quality and reliability, which encourages EV owners to utilize these facilities for their aftermarket needs.
Breakup By Region:
North America enjoys the leading position in the electric vehicle aftermarket market on account of the significant EV adoption and investments in charging infrastructure, positioning it as a leader in the electric vehicle aftermarket.
Research Methodology:
The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1–631–791–1145
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