Asia Pacific Electric Vehicle Aftermarket Market Size & Outlook
The electric vehicle aftermarket market in Asia Pacific is expected to reach a projected revenue of US$ 90,859.5 million by 2030. A compound annual growth rate of 23.4% is expected of Asia Pacific electric vehicle aftermarket market from 2024 to 2030.
Revenue, 2023 (US$M)
$20,870.8
Forecast, 2030 (US$M)
$90,859.5
CAGR, 2024 - 2030
23.4%
Report Coverage
Asia Pacific
Asia Pacific Electric Vehicle Aftermarket Market, 2018-2030 (US$M)
Global Market
Related Markets
Asia Pacific electric vehicle aftermarket market highlights
- The Asia Pacific electric vehicle aftermarket market generated a revenue of USD 20,870.8 million in 2023.
- The market is expected to grow at a CAGR of 23.4% from 2024 to 2030.
- In terms of segment, tire was the largest revenue generating replacement parts in 2023.
- Filters is the most lucrative replacement parts segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 20,870.8 million |
| Market revenue in 2030 | USD 90,859.5 million |
| Growth rate | 23.4% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Filters |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels |
| Key market players worldwide | 3M Co, ABB Ltd, Engie SA, ChargePoint Holdings Inc Ordinary Shares - Class A, Webasto Group, Siemens AG, Robert Bosch Engineering & Business Solutions, BorgWarner Inc, Schneider Electric SE, Enphase Energy Inc, AeroVironment Inc, Continental AG, Denso Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.9% of the global electric vehicle aftermarket market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 90,859.5 million by 2030.
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Publish Date: Sep 04, 2024
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Electric Vehicle Aftermarket Market Scope
Electric Vehicle Aftermarket Market segmentation & scope
Others
Electric Vehicle Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Schneider Electric SE | View profile | 162,339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | www.se.com |
| 3M Co | View profile | 85,000 | 3M Center, St. Paul, MN, United States, 55144 | www.3m.com |
| ABB Ltd | View profile | 108,700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | www.abb.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Continental AG | View profile | 200,888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | www.continental.com |
| Denso Corp | View profile | 195,471 | 1-1 Showa-cho, Kariya, Japan, 448-8661 | www.denso.co.jp |
| Enphase Energy Inc | View profile | 3,157 | 47281 Bayside Parkway, Fremont, CA, United States, 94538 | www.enphase.com |
| Engie SA | View profile | 97,000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | www.engie.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | www.bosch-india-software.com |
| AeroVironment Inc | View profile | 1,279 | 241 18th Street South, Suite 415, Arlington, VA, United States, 22202 | www.avinc.com |
Asia Pacific Electric Vehicle Aftermarket Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Electric Vehicle Aftermarket Market Outlook will help companies and investors design strategic landscapes.
Tire was the largest segment with a revenue share of 22.85% in 2023.
Horizon Databook has segmented the Asia Pacific electric vehicle aftermarket market based on tire, battery, brake parts, filters, body parts, lighting and electronic components, wheels covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Electric Vehicle Aftermarket Market Replacement Parts Outlook (Revenue, USD Million , 2018-2030)
- Tire
- Battery
- Brake Parts
- Filters
- Body Parts
- Lighting and Electronic Components
- Wheels
- Others
- Asia Pacific Electric Vehicle Aftermarket Market Propulsion Type Outlook (Revenue, USD Million , 2018-2030)
- Battery Electric Vehicles
- Hybrid Electric Vehicles
- Fuel Cell Electric Vehicles
- Plug-in Hybrid Electric Vehicles
- Asia Pacific Electric Vehicle Aftermarket Market Vehicle Type Outlook (Revenue, USD Million , 2018-2030)
- Passenger Cars
- Commercial Vehicles
- Asia Pacific Electric Vehicle Aftermarket Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Retailers
- Wholesalers & Distributors
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Electric Vehicle Aftermarket Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Electric Vehicle Aftermarket Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Electric Vehicle Aftermarket Market, 2018-2030 (US$M)
Asia Pacific electric vehicle aftermarket market statistics, by replacement parts, 2018-2030 (US$M)
