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Major companies operating in the electric vehicle aftermarket market are
The passenger cars type segment recorded over 65% of the market share in 2022, on account of the introduction of standardized replacement tires for passenger cars.
The market size of electric vehicle aftermarket reached USD 66.1 billion in 2022 and is set to record 20.7% CAGR from 2023 to 2032, due to the increasing adoption of battery electric vehicles and the rapid expansion of customer base for maintenance, repairs, and customization worldwide.
Robert Bosch GmbH, Aptiv PLC, GMB North America Inc., Bridgestone, MICHELIN, ZF Friedrichshafen AG, and Akebono Brake Corporation. are some of the major companies worldwide.
North America market held over 35% of the revenue share in 2022, owing to the presence of robust automotive sector with well-established aftermarket product dealerships in the region.