Middle East & Africa Electric Vehicle Aftermarket Market Size & Outlook
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MEA electric vehicle aftermarket market highlights
- The MEA electric vehicle aftermarket market generated a revenue of USD 8,218.3 million in 2023.
- The market is expected to grow at a CAGR of 21.9% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 8,218.3 million |
| Market revenue in 2030 | USD 32,877.2 million |
| Growth rate | 21.9% (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, MEA region accounted for 10.2% 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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Electric Vehicle Aftermarket Market Scope
Electric Vehicle Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Webasto Group | View profile | 10001+ | Stockdorf, Bayern, Germany, Europe | https://www.webasto.com/de/ |
| BorgWarner Inc | View profile | 39900 | 3850 Hamlin Road, Auburn Hills, MI, United States, 48326 | https://www.borgwarner.com |
| ChargePoint Holdings Inc Ordinary Shares - Class A | View profile | 1650 | 240 East Hacienda Avenue, Campbell, CA, United States, 95008 | https://investors.chargepoint.com |
| AeroVironment Inc | View profile | 1279 | 241 18th Street South, Suite 415, Arlington, VA, United States, 22202 | https://www.avinc.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Engie SA | View profile | 97000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | https://www.engie.com |
| Enphase Energy Inc | View profile | 3157 | 47281 Bayside Parkway, Fremont, CA, United States, 94538 | https://www.enphase.com |
| Denso Corp | View profile | 195471 | 1-1 Showa-cho, Kariya, Japan, 448-8661 | http://www.denso.co.jp |
| Continental AG | View profile | 200888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | https://www.continental.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Middle East & Africa 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 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 Middle East & Africa 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.
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Target buyers of Middle East & Africa electric vehicle aftermarket market databook
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Our clientele includes a mix of electric vehicle aftermarket market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa electric vehicle aftermarket market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa electric vehicle aftermarket market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA electric vehicle aftermarket market size, by country, 2018-2030 (US$M)
Middle East & Africa Electric Vehicle Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
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