Electric Commercial Vehicle MRO (Maintenance, Repair, Overhaul) Market Size - By Vehicle, By Component, By Service, By Service Provider, Growth Forecast, 2025 - 2034

Electric Commercial Vehicle MRO Market Size

The global electric commercial vehicle MRO market size was valued at USD 977 million in 2024 and is estimated to register a CAGR of 21.5% between 2025 and 2034. The growth of charging infrastructure contributes to the growth of market as improved infrastructure contributes to the rising purchase of electric vehicles.
 

Fleet operators are adopting the charging infrastructure at a faster pace which leads to a higher demand for maintenance, repair and overhaul (MRO) services. Statista reported that during the year of 2023, the total count of public electric light-duty vehicle charging points in the world was around 3.23 million. Out of these 1.84 million were slow chargers and 1.39 were fast chargers.
 

Furthermore, the upkeep of the charging stations and their parts, including connectors and power systems, also leads to additional associated servicing needs, which in turn enhances the MRO market. The widespread availability of these charging stations enables their adoption in far-off regions, leading to an increased demand for specialized EV MRO services.
 

The growing use of fully electric commercial fleets is boosting the demand of the MRO Market for electric commercial vehicles, as maintenance, repairs, and overhauls (MRO) are required at regular intervals to keep electric vehicles operational. The adoption of electric fleets by businesses for cost-cutting and sustainable practices increases the demand for specialized MRO services such as battery maintenance, drivetrain repairs, and diagnostic software troubleshooting. Also, as operators scale up their fleets of EVs, they require active support and services to keep fleet availability and operational efficiency at optimal levels, which further drives the demand for integrated MRO services.
 

Electric Commercial Vehicle MRO Market Trends

• The incorporation of telemetry systems along with IoT diagnostics is making it possible to monitor electric commercial vehicles in real-time. This enables fleet managers to detect maintenance requirements well in advance and schedule maintenance proactively, thus reducing downtime and improving operational efficiency.
   
• JK Tyre & Industries and Vertelo through their partnership launched Connected Mobility Solutions for electric vehicle (EV) fleets in India in October 2024. This partnership aims at servicing next-generation EV tyres fitted with Treel sensors that support the real-time monitoring of tyre parameters. Through this partnership, the companies aim to improve fleet productivity, improve tyre performance, and contribute to sustainable transportation initiatives.
   
• The growing reliance of electric commercial vehicles on batteries, battery health management and recycling are driving demand for MRO services. One of the significant needs of these vehicles is of battery replacement due to degradation after a certain period of time, which is driving demand for specialized battery maintenance and recycling programs.
   
• Business has begun focusing on the innovation and development of new commercial electric vehicle diagnostic tools.  This trend is majority driven by the growing complexity of electric drivetrains and batteries and is gaining traction as it will ensure smooth performance and improved life of these EVs components and the vehicle in turn.
   
• Businesses are now adopting an all-encompassing life cycle management model towards servicing electric commercial vehicles. This model entails everything from the initial installation and maintenance to dismantling and recycling the battery. Such holistic life cycle resource management ensures comprehensive support for fleet operators throughout the entire duration of vehicle operation.
   

Electric Commercial Vehicle MRO Market Analysis

Based on component, the electric commercial vehicle MRO market is segmented into battery systems, thermal management systems, charging system, electric drivetrain, and others. In 2024, the battery systems segment held a market share of over 30% and was valued at around USD 315 million.
 

• The battery system is the driving force behind electric vehicles, and it directly influences the vehicle's range. India’s leading manufacturer of electric commercial vehicles, Mahindra Last Mile Mobility (MLMML), partnered with Bengaluru’s EV startup Vidyut to launch a Battery-as-a-Service (BaaS) financing model for its EVs. This initiative, launched in December 2024, is part of MLMML’s EV portfolio that includes the Mahindra ZEO (4W), Zor Grand (3W cargo), and Treo Plus (3W passenger).
   
• The battery of the vehicle is the single most important part of an electric commercial vehicle. To ensure its smooth operation, it needs frequent servicing, health checks, and eventual replacement, creating substantial demand for MRO services.
   
• Environmental factors coupled with charge cycles decrease the capacity of EV batteries, making maintenance and eventual replacement necessary. Since the EV batteries are very expensive, fleet operators prefer specialized MRO for battery management and replacement, which significantly increases the market for services associated with the management of the battery system.
   
• The maintenance and repair of electric vehicle batteries, which use modern technologies including lithium-ion batteries, thermal management systems, and battery management systems, is expensive and demand the use of specialized tools. This creates demand for advanced MRO services and thus it holds a significant share of this market.
   

Based on the service, the electric commercial vehicle MRO market is segmented as maintenance, repair, and overhaul. The maintenance segment dominated in 2024 with a market share of around 47%.
 

• Electric commercial vehicles require maintenance services such as tire rotations, brake check-ups, and system evaluations. While EVs possess fewer moving parts compared to internal combustion engine (ICE) vehicles, they require higher level of maintenance. Therefore, regular maintenance services are preferred in an attempt to enhance performance, improve service life of vehicle and components, reduce the likelihood of breakdowns, and thus creating demand for MRO services.
   
• The Ethiopian Construction Works Corporation (ECWC) announced plans to set up Ethiopia’s first electric vehicle maintenance service center in Addis Ababa. The maintenance workshop located in Kality seeks to address the gap in EV servicing in the region. ECWC intends to help train the professionals to provide servicing facilities, with its anticipated surge in demand for EV maintenance and has received partnership proposals from Qatari, Chinese, and other Asian companies. The plan was announced in September 2024.
   
• Regular maintenance improves the operational efficiency of electric commercial vehicles which is very important for fleet businesses. Consistently scheduled works servicing helps sustain peak operational efficiency resulting in increased returns and simultaneously higher demand for these services in the MRO market.
   

Based on vehicle, the electric commercial vehicle MRO market is segmented as LCV, MCV, and HCV. The LCV segment led the market in 2024.
 

• Light commercial vehicles, which include electric vans and delivery trucks, are among the early users who adopted to electric fleets early on. Their extensive use in last-mile delivery and urban logistics makes them a preferred choice for businesses aiming to reduce carbon emissions, thus leading to a higher demand for MRO services in this segment.
   
• The last-mile delivery and urban logistics sectors are observing tremendous growth, and many of these users are now adopting electric LCVs. This is mainly because it helps lower emissions, reduce costs, and are also suitable for short-distance travel. Increased usage of these vehicles is leading to the demand for ongoing MRO services, leading to greater operational performance, efficiency, and enhanced contribution to the LCV segment of the MRO market.
   

Based on service provider, the electric commercial vehicle MRO market is segmented as OEM service centers, independent service providers, and fleet maintenance operations. The OEM service centers segment led the market in 2024.
 

• Electric vehicle OEM service centers have advanced diagnostic tools and qualified personnel that are trained to repair various electric vehicle models. This ensures and also provides assurance to the end users that maintenance and repairs are done according to manufacturer standards, making them the preferred choice for fleet operators who seek high-quality and reliable services.
   
• OEM service centers are majorly backed by the vehicle manufacturers, which provides a higher level of reliability that independent service providers might not always provide. As the fleet operators gain the confidence of OEM approved repairs and maintenance providers, they often prefer OEM service centers for fleet management.
   

Asia Pacific dominates the global electric commercial vehicle MRO market with a major share of over 35% and the China led the market in the region and was valued at around USD 92.1 million in 2024.
 

• China's commercial electric vehicles market hold largest share globally and is booming with growing private investments and government subsidies and policies that support EV adoption. The growing production and demand for electric commercial vehicles in China also leads to a significant demand for MRO services, thus helping the country gain significant position in the market.
   
• The electric commercial fleet in China is observing a significant growth, especially in urban logistics, public transportation, and delivery services sectors. The rising number of these fleets also demands a string maintenance, repair, and overhaul (MRO) services ecosystem for providing enhanced vehicle operations, creating a demand for specialized repairs and components associated with electric vehicles.
   
• In 2023, China witnessed tremendous sales of electric commercial vehicles and the country’s electric LCV sales stood around 240,000 units. The number of EV bus registrations also reached 30,000 for that year.
   
• China is home to various manufacturers of electric vehicles and has a well-established supply chain for EV parts such as batteries, drivetrains, and charging systems. The availability of local EV manufacturing ensures a steady and continued demand and supply for MRO services, which helps the country gain a significant share in this market.
   

The growth forecast for the electric commercial vehicle MRO market in Germany from 2025 to 2034 is highly encouraging.
 

• Germany's urban transport and logistics sectors have widely adopted electric commercial vehicles. Adoption was made possible by government incentives, policies and the Green Deal aimed at emission reduction and sustainability efforts, which created demand for MRO services.
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• Germany is heavily investing in the development of EV and charging infrastructure throughout the country. This infrastructure expansion does not only facilitate the operational flow of electric commercial vehicles, but also simultaneously increases the need for maintenance and servicing of the charging stations, batteries, and other MRO systems.
   

U.S. is expected to show remarkable and promising development in the electric commercial vehicle MRO market from 2025-2034.
 

• The U.S. electric commercial vehicle market is witnessing rapid growth across various industries including navigation systems management, public transport, and freight logistics. In 2023, the North America electric truck market size was valued at bold USD 1.6 billion and is expected to increase at a CAGR of 71.3% from 2024 to 2032.
   
• This extensive and increasing EV fleet provides a substantial market for maintenance, repair, and overhaul (MRO) services as this fleet requires maintained operational readiness while achieving peak performance.
   
• The country is also heavily investing in the development of the charging infrastructure as part of their strategy to improve the adoption of electric vehicles. The additional charging stations and maintenance networks is not only creating a high demand for MRO services for EVs, but also for the charging devices and ancillary equipment, which is further driving the growth for the market.
   

The electric commercial vehicle MRO market in Mexico is expected to experience significant and promising growth from 2025 to 2034.
 

• The strategic geographical location of Mexico is beneficial for North American electric vehicle manufacturers. Tesla, General Motors, and Ford are some of the major EV manufacturers with production plants or supply chains in Mexico. This proximity creates a strong demand for MRO services for both local fleets and those operating in the U.S. and Canada.
   
• In the past four years, Mexico's EV manufacturing industry has experienced a remarkable 30-time boom. Currently, Mexico exports 80% of their vehicles to the U.S., with EVs rapidly increasing their market share. Consequently, Mexico has become a significant manufacturing hub for EV parts, including batteries and electric drivetrains, to be internally and globally supplied. This also fosters the development of the electric commercial vehicles industry which, in turn, increases the need for MRO services related to these components.
   

Electric Commercial Vehicle MRO Market Share

Top 7 companies leading the electric commercial vehicle MRO industry in 2024 were Volvo, Daimler, MAN Global, Element Fleet Management Corp, Merchants Fleet, Lion Electric, and Scania. Together, they held more than 30% of the market share.
 

• Volvo is one of the largest manufacturers of commercial vehicles and also manufactures electric and hybrid vehicle models. As an OEM, Volvo provides maintenance and repair services with the necessary aftermarket support through its service centers. The company's presence around the world, along with its sustainability initiatives, helps it gain major share in the market.
   
• Daimler, via its subsidiaries, including Mercedes-Benz Trucks and Freightliner, holds a considerable share of the commercial vehicle industry. The company provides various OEM servicing networks as well as integrated MRO services that include comprehensive maintenance and multi-step vehicle maintenance processes.
   
• MAN Global holds a significant share of market as a manufacturer of trucks, buses, and commercial vehicles, especially in Europe. Alongside OEM services, MAN has a wide network of repair and maintenance centers. Its off-center focus on fuel-efficiency and electric vehicles supports its presence in the global MRO market.
   
• Element Fleet Management Corp works as a commercial fleet maintenance specialist and is one of the leading fleet management companies in the market today. Acting both as a fleet operator and a service provider, Element manages extensive portfolios of commercial vehicles to offer MRO services to enable optimum uptime and operational efficiency of the fleets.
   
• Merchants Fleet is one of the significant fleet management companies in North America. They offer repair, maintenance, and fleet management for diverse commercial vehicles. Merchants Fleet’s focus on servicing all industry sectors coupled with its expanding sustainability initiatives and adoption of electric fleets strengthens its position in the MRO market.
   

Electric Commercial Vehicle MRO Market Companies

Major players operating in the electric commercial vehicle MRO industry include:

• ATS Euromaster
• BP Pulse
• Daimler
• Element Fleet Management
• Ferdotti Motor Services
• Lion Electric
• MAN Global
• Merchants Fleet
• Scania
• Volvo
   

• Pricing factor is acting as a major competitive element in the MRO market, particularly in areas where fleet operators are highly budget sensitive. However, differentiated services are also gaining traction as operators aim for high-quality maintenance that reduces fleet downtime and improves operational efficiency.
   
• Though OEM service centers retain a large portion of the market, the independent service providers are increasing in popularity due to their flexible offering and competitive pricing. These players focus on providing low-cost alternatives to fleet operators, setting them apart from OEM services.
   
• The advancement of commercial vehicles through the integration of electric and autonomous vehicles will require adaptation from MRO service providers. Service providers that provide sophisticated diagnostics, predictive maintenance, and data analytics are setting themselves apart in the industry. Both OEMs and independents have heightened competition on the basis of this technological advancement.
   

Electric Commercial Vehicle MRO Industry News

• DHL Supply Chain, in partnership with Cox Automotive, opened the biggest EV battery services center at DHL's EV Centre of Excellence in Rugby. It will be operational in March 2025. The facility has a capacity to handle thousands of EV batteries annually with 35,000 square feet dedicated to repair, remanufacturing, storage and logistics. The center aims to be a leader in EV battery circularity while meeting the most up-to-date government regulations and safety standards for EV batteries.
   
• In November 2024, Canoo Inc., an electric vehicle manufacturer from the United States, entered partnership with Northside Truck & Van Ltd., a prominent automotive service provider in the UK, to create an initial parts network and offer comprehensive service, maintenance, and repair for its light commercial vehicles. The partnership will aid in servicing and sustaining the commercial fleet and government clients of Canoo based in the United Kingdom.
   
• In November 2024, Forsee Power and Infinitev formed a strategic alliance aimed at maintaining and recycling high-voltage transport batteries within Australia. This partnership aims to support on off-road and on-road applications, offering sustainable and circular battery repair services post-application, emphasizing environmental responsibility.
   
• Battle Motors collaborated with T-Mobile with the aim of enabling IoT connectivity for the class 7 and 8 electric trucks supported by RevolutionOS EV software. This collaboration utilizes T-Mobile's 4G LTE network to provide real-time information with fleet drivers which improves operational effectiveness, safety, and regulatory compliance. The software also provides real-time communication of operational information such as battery range, maintenance data, geofencing, trip history, servicing notifications, and can enable remote software modifications. The collaboration was announced in May 2022.
   

The electric commercial vehicle MRO (Maintenance, Repair, Overhaul) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) from 2021 to 2034, for the following segments:

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Market, By Vehicle

• LCV
• MCV
• HCV

Market, By Component

• Battery systems
• Thermal management systems
• Charging system
• Electric drivetrain
• Others

Market, By Service

• Maintenance
• Repair
• Overhaul

Market, By Service Provider

• OEM service centers
• Independent service providers
• Fleet maintenance operations

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • South Africa
  • Saudi Arabia