Germany Electric Vehicle Aftermarket Market Size & Outlook
The electric vehicle aftermarket market in Germany is expected to reach a projected revenue of US$ 25,442.0 million by 2030. A compound annual growth rate of 19.1% is expected of Germany electric vehicle aftermarket market from 2024 to 2030.
Revenue, 2023 (US$M)
$7,478.6
Forecast, 2030 (US$M)
$25,442.0
CAGR, 2024 - 2030
19.1%
Report Coverage
Germany
Germany Electric Vehicle Aftermarket Market, 2018-2030 (US$M)
Global Market
Related Markets
Germany electric vehicle aftermarket market highlights
- The Germany electric vehicle aftermarket market generated a revenue of USD 7,478.6 million in 2023 and is expected to reach USD 25,442.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 19.1% 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 7,478.6 million |
| Market revenue in 2030 | USD 25,442.0 million |
| Growth rate | 19.1% (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, Germany accounted for 9.3% 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 Europe, Germany electric vehicle aftermarket market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 17,836.2 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 |
Germany 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 22.91% in 2023.
Horizon Databook has segmented the Germany 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.
- Germany 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
- Germany 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
- Germany Electric Vehicle Aftermarket Market Vehicle Type Outlook (Revenue, USD Million , 2018-2030)
- Passenger Cars
- Commercial Vehicles
- Germany 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 country-level data and insights on the Germany Electric Vehicle Aftermarket Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Electric Vehicle Aftermarket Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Germany Electric Vehicle Aftermarket Market, 2018-2030 (US$M)
Germany electric vehicle aftermarket market statistics, by replacement parts, 2018-2030 (US$M)
