Canada Electric Vehicle Aftermarket Market Size & Outlook
The electric vehicle aftermarket market in Canada is expected to reach a projected revenue of US$ 21,525.3 million by 2030. A compound annual growth rate of 24.1% is expected of Canada electric vehicle aftermarket market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,755.9
Forecast, 2030 (US$M)
$21,525.3
CAGR, 2024 - 2030
24.1%
Report Coverage
Canada
Canada Electric Vehicle Aftermarket Market, 2018-2030 (US$M)
Global Market
Related Markets
Canada electric vehicle aftermarket market highlights
- The Canada electric vehicle aftermarket market generated a revenue of USD 4,755.9 million in 2023 and is expected to reach USD 21,525.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 24.1% 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.
Electric vehicle aftermarket market data book summary
| Market revenue in 2023 | USD 4,755.9 million |
| Market revenue in 2030 | USD 21,525.3 million |
| Growth rate | 24.1% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Filters |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 5.9% of the global electric vehicle aftermarket market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. electric vehicle aftermarket market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 21,525.3 million by 2030.
No credit card required*
Publish Date: Sep 04, 2024
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
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 |
Canada 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 22.67% in 2023.
Horizon Databook has segmented the Canada 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.
- Canada 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
- Canada 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
- Canada Electric Vehicle Aftermarket Market Vehicle Type Outlook (Revenue, USD Million , 2018-2030)
- Passenger Cars
- Commercial Vehicles
- Canada Electric Vehicle Aftermarket Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Retailers
- Wholesalers & Distributors
Reasons to subscribe to Electric Vehicle Aftermarket Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Electric Vehicle Aftermarket Market Outlook databook
- Our clientele includes a mix of Electric Vehicle Aftermarket Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada Electric Vehicle Aftermarket Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Electric Vehicle Aftermarket Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Electric Vehicle Aftermarket Market, 2018-2030 (US$M)
Canada electric vehicle aftermarket market statistics, by replacement parts, 2018-2030 (US$M)
