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Europe Electric Vehicle Aftermarket: Analysis and Forecast, 2023-2032

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    Report

  • 124 Pages
  • March 2024
  • Region: Europe
  • BIS Research
  • ID: 5948187
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The Europe electric vehicle aftermarket (excluding U.K) is projected to reach $50.66 billion by 2032 from $8.87 billion in 2023, growing at a CAGR of 21.36% during the forecast period 2023-2032. The growth of the electric vehicle aftermarket is anticipated to be fueled by the increasing preference for electric vehicles, growing consumer interest in customizing electric vehicles, and the rising trend of utilizing electric vehicles for secondary purposes.

Market Introduction

The electric vehicle (EV) aftermarket in Europe is experiencing significant growth, propelled by several key factors. The rising popularity of electric vehicles across the continent is a primary driver, with more consumers opting for EVs due to environmental concerns and government incentives. Additionally, there is a growing demand for customization options among EV owners, driving the expansion of aftermarket products and services tailored to electric vehicles. Moreover, the emergence of second-life applications for electric vehicle components, such as batteries, is contributing to the growth of the aftermarket sector. As Europe continues to prioritize sustainability and clean energy initiatives, the EV aftermarket is poised for further expansion, offering a wide range of opportunities for businesses and consumers alike to enhance and adapt electric vehicles to meet their specific needs and preferences.

Market Segmentation:

Segmentation 1: by Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

Segmentation 2: by Propulsion Type

  • Battery Electric Vehicles (BEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)
  • Hybrid Electric Vehicles (HEVs)

Segmentation 3: by Sales Outlet

  • Authorized Service Centers
  • Premium Multi-brand Service Centers
  • Others

Segmentation 4: by Mode of Sales

  • Offline sales
  • Online sales

Segmentation 5: by Part

  • Batteries
  • Tires and Wheels
  • Brakes and Suspensions
  • Body Parts
  • Others

Segmentation 6: by Country

  • Germany
  • France
  • Spain
  • Netherlands
  • Rest-of-Europe

How can this report add value to an organization?

Product/Innovation Strategy: The product strategy helps the readers understand the different aftermarket solutions provided by the industry participants.

Growth/Marketing Strategy: The electric vehicle aftermarket is growing at a significant pace and holds enormous opportunities for market players. Some of the strategies covered in this segment are product launches, partnerships, collaborations, business expansions, and investments. The companies' preferred strategy has been product launches, partnerships, and collaborations to strengthen their positions in the Europe electric vehicle aftermarket.

Competitive Strategy: The key players in the Europe electric vehicle aftermarket analyzed and profiled in the study include electric vehicle aftermarket solution providers that develop parts and accessories for EVs. Moreover, a detailed competitive benchmarking of the players operating in the electric vehicle aftermarket has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Some of the prominent names established in this market are:

  • Robert Bosch GmbH
  • Continental AG
  • ZF Friedrichshafen AG
  • Schaeffler AG
  • HELLA GmbH & Co. KGaA
  • Marelli Holdings Co., Ltd.


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Table of Contents

Executive SummaryScope of the Study
1 Markets
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Electrification of Fleets
1.1.1.2 Governments Increase their Influence on the e-Mobility Industry
1.1.2 Electric Vehicle Aftermarket Structure
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Consortiums, Associations, and Regulatory Bodies for Electric Vehicles
1.1.3.2 Programs on Electric Vehicles by Research Institutions and Universities
1.1.4 Automotive Aftermarket Dynamics
1.1.4.1 Declining Demand for Traditional Engines and Drivetrains
1.1.4.2 New Opportunities for Industry Players through Electric Vehicle Aftermarket across the Board
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Rising Popularity of Electric Vehicles
1.2.1.2 Proliferating Consumer Demand for Electric Vehicle Customization
1.2.1.3 Increasing Popularity of Electric Vehicle Second-Life Applications
1.2.2 Business Challenges
1.2.2.1 Lack of Electric Vehicle Aftermarket Infrastructure and Awareness
1.2.2.2 Cost and Availability Issues of Electric Vehicle Spare Parts
1.2.3 Business Strategies
1.2.3.1 Product Development
1.2.3.2 Market Development
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships, Collaborations, and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Electric Vehicle Battery Repair and Replacement
1.2.5.2 EV Component Recycling and Disposal
1.2.5.3 Training and Education on Electric Vehicle Aftermarket
1.2.5.4 Shifting Trend toward E-commerce
2 Regions
2.1 Europe
2.1.1 Market
2.1.1.1 Buyer Attributes
2.1.1.2 Key Solution Providers in Europe
2.1.1.3 Business Challenges
2.1.1.4 Business Drivers
2.1.2 Application
2.1.2.1 Europe Electric Vehicle Aftermarket (by Vehicle Type), Value Data
2.1.2.2 Europe Electric Vehicle Aftermarket (by Propulsion Type), Value Data
2.1.3 Product
2.1.3.1 Europe Electric Vehicle Aftermarket (by Sales Outlet), Value Data
2.1.3.2 Europe Electric Vehicle Aftermarket (by Mode of Sales), Value Data
2.1.3.3 Europe Electric Vehicle Aftermarket (by Part), Value Data
2.1.4 Europe (by Country)
2.1.4.1 Germany
2.1.4.1.1 Market
2.1.4.1.1.1 Buyer Attributes
2.1.4.1.1.2 Key Solution Providers in Germany
2.1.4.1.1.3 Business Challenges
2.1.4.1.1.4 Business Drivers
2.1.4.1.2 Application
2.1.4.1.2.1 Germany Electric Vehicle Aftermarket (by Vehicle Type), Value Data
2.1.4.1.2.2 Germany Electric Vehicle Aftermarket (by Propulsion Type), Value Data
2.1.4.1.3 Product
2.1.4.1.3.1 Germany Electric Vehicle Aftermarket (by Sales Outlet), Value Data
2.1.4.1.3.2 Germany Electric Vehicle Aftermarket (by Mode of Sales), Value Data
2.1.4.1.3.3 Germany Electric Vehicle Aftermarket (by Part), Value Data
2.1.4.2 France
2.1.4.2.1 Market
2.1.4.2.1.1 Buyer Attributes
2.1.4.2.1.2 Key Solution Providers in France
2.1.4.2.1.3 Business Challenges
2.1.4.2.1.4 Business Drivers
2.1.4.2.2 Application
2.1.4.2.2.1 France Electric Vehicle Aftermarket (by Vehicle Type), Value Data
2.1.4.2.2.2 France Electric Vehicle Aftermarket (by Propulsion Type), Value Data
2.1.4.2.3 Product
2.1.4.2.3.1 France Electric Vehicle Aftermarket (by Sales Outlet), Value Data
2.1.4.2.3.2 France Electric Vehicle Aftermarket (by Mode of Sales), Value Data
2.1.4.2.3.3 France Electric Vehicle Aftermarket (by Part), Value Data
2.1.4.3 Spain
2.1.4.3.1 Market
2.1.4.3.1.1 Buyer Attributes
2.1.4.3.1.2 Key Solution Providers in Spain
2.1.4.3.1.3 Business Challenges
2.1.4.3.1.4 Business Drivers
2.1.4.3.2 Application
2.1.4.3.2.1 Spain Electric Vehicle Aftermarket (by Vehicle Type), Value Data
2.1.4.3.2.2 Spain Electric Vehicle Aftermarket (by Propulsion Type), Value Data
2.1.4.3.3 Product
2.1.4.3.3.1 Spain Electric Vehicle Aftermarket (by Sales Outlet), Value Data
2.1.4.3.3.2 Spain Electric Vehicle Aftermarket (by Mode of Sales), Value Data
2.1.4.3.3.3 Spain Electric Vehicle Aftermarket (by Part), Value Data
2.1.4.4 Netherlands
2.1.4.4.1 Market
2.1.4.4.1.1 Buyer Attributes
2.1.4.4.1.2 Key Solution Providers in the Netherlands
2.1.4.4.1.3 Business Challenges
2.1.4.4.1.4 Business Drivers
2.1.4.4.2 Application
2.1.4.4.2.1 Netherlands Electric Vehicle Aftermarket (by Vehicle Type), Value Data
2.1.4.4.2.2 Netherlands Electric Vehicle Aftermarket (by Propulsion Type), Value Data
2.1.4.4.3 Product
2.1.4.4.3.1 Netherlands Electric Vehicle Aftermarket (by Sales Outlet), Value Data
2.1.4.4.3.2 Netherlands Electric Vehicle Aftermarket (by Mode of Sales), Value Data
2.1.4.4.3.3 Netherlands Electric Vehicle Aftermarket (by Part), Value Data
2.1.4.5 Rest-of-Europe
2.1.4.5.1 Market
2.1.4.5.1.1 Buyer Attributes
2.1.4.5.1.2 Key Solution Providers in Rest-of-Europe
2.1.4.5.1.3 Business Challenges
2.1.4.5.1.4 Business Drivers
2.1.4.5.2 Application
2.1.4.5.2.1 Rest-of-Europe Electric Vehicle Aftermarket (by Vehicle Type), Value Data
2.1.4.5.2.2 Rest-of-Europe Electric Vehicle Aftermarket (by Propulsion Type), Value Data
2.1.4.5.3 Product
2.1.4.5.3.1 Rest-of-Europe Electric Vehicle Aftermarket (by Sales Outlet), Value Data
2.1.4.5.3.2 Rest-of-Europe Electric Vehicle Aftermarket (by Mode of Sales), Value Data
2.1.4.5.3.3 Rest-of-Europe Electric Vehicle Aftermarket (by Part), Value Data
2.2 U.K.
2.2.1 Market
2.2.1.1 Buyer Attributes
2.2.1.2 Key Solution Providers in the U.K.
2.2.1.3 Business Challenges
2.2.1.4 Business Drivers
2.2.2 Application
2.2.2.1 U.K. Electric Vehicle Aftermarket (by Vehicle Type), Value Data
2.2.2.2 U.K. Electric Vehicle Aftermarket (by Propulsion Type), Value Data
2.2.3 Product
2.2.3.1 U.K. Electric Vehicle Aftermarket (by Sales Outlet), Value Data
2.2.3.2 U.K. Electric Vehicle Aftermarket (by Mode of Sales), Value Data
2.2.3.3 U.K. Electric Vehicle Aftermarket (by Part), Value Data
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.1.1 Key Market Player Ranking
3.1.1.1 Key Market Player Ranking: Automotive Tires
3.1.1.2 Key Market Player Ranking: Automotive Brakes
3.1.1.3 Key Market Player Ranking: Electric Vehicle Batteries
3.1.1.4 Key Market Player Ranking: Automotive Wipers
3.1.1.5 Key Market Player Ranking: Automotive Lighting
3.2 Company Profiles
3.2.1 Robert Bosch GmbH
3.2.1.1 Company Overview
3.2.1.1.1 Role of Robert Bosch GmbH in the Electric Vehicle Aftermarket
3.2.1.1.2 Product Portfolio
3.2.1.1.3 R&D Analysis
3.2.1.1.4 Company Offices
3.2.1.2 Business Strategies
3.2.1.2.1 Product Development
3.2.1.3 Analyst View
3.2.2 Continental AG
3.2.2.1 Company Overview
3.2.2.1.1 Role of Continental AG in the Electric Vehicle Aftermarket
3.2.2.1.2 Product Portfolio
3.2.2.1.3 R&D Analysis
3.2.2.1.4 Company Offices
3.2.2.2 Business Strategies
3.2.2.2.1 Product Development
3.2.2.2.2 Market Development
3.2.2.3 Analyst View
3.2.3 ZF Friedrichshafen AG
3.2.3.1 Company Overview
3.2.3.1.1 Role of ZF Friedrichshafen AG in the Electric Vehicle Aftermarket
3.2.3.1.2 Product Portfolio
3.2.3.1.3 R&D Analysis
3.2.3.1.4 Company Offices
3.2.3.2 Business Strategies
3.2.3.2.1 Product Development
3.2.3.2.2 Market Development
3.2.3.3 Corporate Strategies
3.2.3.3.1 Partnership, Collaboration, and Joint Venture
3.2.3.4 Analyst View
3.2.4 Schaeffler AG
3.2.4.1 Company Overview
3.2.4.1.1 Role of Schaeffler AG in the Electric Vehicle Aftermarket
3.2.4.1.2 Product Portfolio
3.2.4.1.3 R&D Analysis
3.2.4.1.4 Company Offices
3.2.4.2 Business Strategies
3.2.4.2.1 Product Development
3.2.4.2.2 Market Development
3.2.4.3 Analyst View
3.2.5 Michelin
3.2.5.1 Company Overview
3.2.5.1.1 Role of Michelin in the Electric Vehicle Aftermarket
3.2.5.1.2 Product Portfolio
3.2.5.1.3 R&D Analysis
3.2.5.1.4 Company Offices
3.2.5.2 Business Strategies
3.2.5.2.1 Product Development
3.2.5.3 Analyst View
3.2.6 HELLA GmbH & Co. KGaA
3.2.6.1 Company Overview
3.2.6.1.1 Role of HELLA GmbH & Co. KGaA in the Electric Vehicle Aftermarket
3.2.6.1.2 Product Portfolio
3.2.6.1.3 R&D Analysis
3.2.6.1.4 Company Offices
3.2.6.2 Analyst View
3.2.7 Kavo B.V.
3.2.7.1 Company Overview
3.2.7.1.1 Role of Kavo B.V. in the Electric Vehicle Aftermarket
3.2.7.1.2 Product Portfolio
3.2.7.1.3 Company Offices
3.2.7.2 Analyst View
3.2.8 Marelli Holdings Co., Ltd.
3.2.8.1 Company Overview
3.2.8.1.1 Role of Marelli Holdings Co., Ltd. in the Electric Vehicle Aftermarket
3.2.8.1.2 Product Portfolio
3.2.8.1.3 Company Offices
3.2.8.2 Business Strategies
3.2.8.2.1 Product Development
3.2.8.2.2 Market Development
3.2.8.3 Corporate Strategies
3.2.8.3.1 Partnership, Collaboration, and Joint Venture
3.2.8.4 Analyst View
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
4.2.1 Factors for Data Prediction and Modeling
List of Figures
Figure 1: Europe Electric Vehicle Aftermarket (by Vehicle Type), $Billion, 2022-2032
Figure 2: Europe Electric Vehicle Aftermarket (by Propulsion Type), $Billion, 2022-2032
Figure 3: Europe Electric Vehicle Aftermarket (by Sales Outlet), $Billion, 2022-2032
Figure 4: Europe Electric Vehicle Aftermarket (by Mode of Sales), $Billion, 2022-2032
Figure 5: Europe Electric Vehicle Aftermarket (by Part), $Billion, 2022-2032
Figure 6: Electric Vehicle Aftermarket (by Region), $Billion, 2022
Figure 7: Electric Vehicle Aftermarket Structure
Figure 8: Business Dynamics for Electric Vehicle Aftermarket
Figure 9: Impact of Business Drivers
Figure 10: EV Stock, Units, 2020-2022
Figure 11: EV Sales Comparison (Cars), Units, 2020-2022
Figure 12: Impact of Business Challenges
Figure 13: Share of Key Business Strategies and Developments, 2021-2023
Figure 14: Share of Key Product Developments, 2021-2023
Figure 15: Share of Key Market Developments, 2021-2023
Figure 16: Share of Key Corporate Strategies and Developments, 2021-2023
Figure 17: Share of Key Partnerships, Collaborations, and Joint Ventures, 2021-2023
Figure 18: Impact of Business Opportunities
Figure 19: Competitive Benchmarking, 2022
Figure 20: Robert Bosch GmbH: R&D Expenditure, $Billion, 2020-2022
Figure 21: Continental AG: R&D Expenditure, $Billion, 2020-2022
Figure 22: ZF Friedrichshafen AG: R&D Expenditure, $Billion, 2020-2022
Figure 23: Schaeffler AG: R&D Expenditure, $Million, 2020-2022
Figure 24: Michelin: R&D Expenditure, $Million, 2020-2022
Figure 25: Data Triangulation
Figure 26: Top-Down and Bottom-Up Approach
List of Tables
Table 1: Europe Electric Vehicle Aftermarket Overview
Table 2: Government Policies for Electric Vehicles, 2019-2023
Table 3: List of Consortiums and Associations
Table 4: Programs on Electric Vehicles by Research Institutions and Universities
Table 5: Electric Vehicle Aftermarket (by Region), $Billion, 2022-2032
Table 6: Europe Electric Vehicle Aftermarket (by Vehicle Type), $Billion, 2022-2032
Table 7: Europe Electric Vehicle Aftermarket (by Propulsion Type), $Billion, 2022-2032
Table 8: Europe Electric Vehicle Aftermarket (by Sales Outlet), $Billion, 2022-2032
Table 9: Europe Electric Vehicle Aftermarket (by Mode of Sales), $Billion, 2022-2032
Table 10: Europe Electric Vehicle Aftermarket (by Part), $Billion, 2022-2032
Table 11: Germany Electric Vehicle Aftermarket (by Vehicle Type), $Million, 2022-2032
Table 12: Germany Electric Vehicle Aftermarket (by Propulsion Type), $Million, 2022-2032
Table 13: Germany Electric Vehicle Aftermarket (by Sales Outlet), $Million, 2022-2032
Table 14: Germany Electric Vehicle Aftermarket (by Mode of Sales), $Million, 2022-2032
Table 15: Germany Electric Vehicle Aftermarket (by Part), $Million, 2022-2032
Table 16: France Electric Vehicle Aftermarket (by Vehicle Type), $Million, 2022-2032
Table 17: France Electric Vehicle Aftermarket (by Propulsion Type), $Million, 2022-2032
Table 18: France Electric Vehicle Aftermarket (by Sales Outlet), $Million, 2022-2032
Table 19: France Electric Vehicle Aftermarket (by Mode of Sales), $Million, 2022-2032
Table 20: France Electric Vehicle Aftermarket (by Part), $Million, 2022-2032
Table 21: Spain Electric Vehicle Aftermarket (by Vehicle Type), $Million, 2022-2032
Table 22: Spain Electric Vehicle Aftermarket (by Propulsion Type), $Million, 2022-2032
Table 23: Spain Electric Vehicle Aftermarket (by Sales Outlet), $Million, 2022-2032
Table 24: Spain Electric Vehicle Aftermarket (by Mode of Sales), $Million, 2022-2032
Table 25: Spain Electric Vehicle Aftermarket (by Part), $Million, 2022-2032
Table 26: Netherlands Electric Vehicle Aftermarket (by Vehicle Type), $Million, 2022-2032
Table 27: Netherlands Electric Vehicle Aftermarket (by Propulsion Type), $Million, 2022-2032
Table 28: Netherlands Electric Vehicle Aftermarket (by Sales Outlet), $Million, 2022-2032
Table 29: Netherlands Electric Vehicle Aftermarket (by Mode of Sales), $Million, 2022-2032
Table 30: Netherlands Electric Vehicle Aftermarket (by Part), $Million, 2022-2032
Table 31: Rest-of-Europe Electric Vehicle Aftermarket (by Vehicle Type), $Million, 2022-2032
Table 32: Rest-of-Europe Electric Vehicle Aftermarket (by Propulsion Type), $Million, 2022-2032
Table 33: Rest-of-Europe Electric Vehicle Aftermarket (by Sales Outlet), $Million, 2022-2032
Table 34: Rest-of-Europe Electric Vehicle Aftermarket (by Mode of Sales), $Million, 2022-2032
Table 35: Rest-of-Europe Electric Vehicle Aftermarket (by Part), $Million, 2022-2032
Table 36: U.K. Electric Vehicle Aftermarket (by Vehicle Type), $Million, 2022-2032
Table 37: U.K. Electric Vehicle Aftermarket (by Propulsion Type), $Million, 2022-2032
Table 38: U.K. Electric Vehicle Aftermarket (by Sales Outlet), $Million, 2022-2032
Table 39: U.K. Electric Vehicle Aftermarket (by Mode of Sales), $Million, 2022-2032
Table 40: U.K. Electric Vehicle Aftermarket (by Part), $Million, 2022-2032
Table 41: Key Market Player Ranking: Automotive Tires
Table 42: Key Market Player Ranking: Automotive Brakes
Table 43: Key Market Player Ranking: Electric Vehicle Batteries
Table 44: Key Market Player Ranking: Automotive Wipers
Table 45: Key Market Player Ranking: Automotive Lighting
Table 46: Robert Bosch GmbH: Product Portfolio
Table 47: Robert Bosch GmbH: Product Development
Table 48: Continental AG: Product Portfolio
Table 49: Continental AG: Product Development
Table 50: Continental AG: Market Development
Table 51: ZF Friedrichshafen AG: Product Portfolio
Table 52: ZF Friedrichshafen AG: Product Development
Table 53: ZF Friedrichshafen AG: Market Development
Table 54: ZF Friedrichshafen AG: Partnership, Collaboration, and Joint Venture
Table 55: Schaeffler AG: Product Portfolio
Table 56: Schaeffler AG: Product Development
Table 57: Schaeffler AG: Market Development
Table 58: Michelin: Product Portfolio
Table 59: Michelin: Product Development
Table 60: HELLA GmbH & Co. KGaA: Product Portfolio
Table 61: Kavo B.V.: Product Portfolio
Table 62: Marelli Holdings Co., Ltd.: Product Portfolio
Table 63: Marelli Holdings Co., Ltd.: Product Development
Table 64: Marelli Holdings Co., Ltd.: Market Development
Table 65: Marelli Holdings Co., Ltd.: Partnership, Collaboration, and Joint Venture

Companies Mentioned

  • Robert Bosch GmbH
  • Continental AG
  • ZF Friedrichshafen AG
  • Schaeffler AG
  • Michelin
  • HELLA GmbH & Co. KGaA
  • Kavo B.V.
  • Marelli Holdings Co., Ltd.

Table Information

Report AttributeDetails
No. of Pages124
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 8.87 Billion
Forecasted Market Value ( USD ) by 2032 $ 50.66 Billion
Compound Annual Growth Rate21.3%
Regions CoveredEurope
No. of Companies Mentioned8

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About the Market

The Electric Vehicle Aftermarket is a subset of the Automotive Aftermarket, which is the secondary market for automotive parts, accessories, and services. It is comprised of products and services that are used to maintain, repair, and upgrade electric vehicles. This includes batteries, chargers, motors, controllers, and other components. It also includes services such as installation, maintenance, and repair. The Electric Vehicle Aftermarket is growing rapidly as more electric vehicles are being sold. This growth is driven by the increasing demand for electric vehicles, as well as the need for specialized parts and services. Some companies in the Electric Vehicle Aftermarket include Tesla, ChargePoint, EVBox, and Plugless. Show Less Read more

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