Global Electric Vehicle Parts and Components Market

Market Overview

• The Global Electric Vehicle Parts and Components Market Size is Anticipated to Grow from USD 102.7 Billion in 2023 to USD 692.5 Billion by 2033, growing at a CAGR of 21.03% from 2023 to 2033.
• The market growth is driven by the adoption of electric vehicles with government support and regulations.
• The electric vehicle parts and components market refers to the industry encompassing the production and sale of all necessary components for EVs, such as batteries, electric motors, power electronics, and charging infrastructure.
• Vehicle-to-grid integration, as well as the development of high-performance electric motors & battery technology advancements, are escalating the market growth opportunity.  

Major vendors in the Global Electric Vehicle Parts and Components Market 

Continental AG, Robert Bosch GmbH, Denso Corporation, Hella GmbH & Co. KGaA, Toyota Industries Corporation, Hyundai Mobis, Samsung SDI Co Ltd, Panasonic Corporation, Contemporary Amperex Technology Co. Ltd, BorgWarner Inc, LG Chem Ltd, and Hitachi Ltd., and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the electric vehicle parts and components market based on the below-mentioned segments:

Global Electric Vehicle Parts and Components Market, By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

Global Electric Vehicle Parts and Components Market, By Propulsion Type

• Battery Electric Vehicle
• Plug-In Hybrid Electric Vehicle
• Fuel Cell Electric Vehicle
• Hybrid Electric Vehicle 

Global Electric Vehicle Parts and Components Market, By Component Type

• Battery Packs
• DC-DC Converter
• Controller & Inverter
• Motor
• Onboard Chargers
• Other Component Types

Global Electric Vehicle Parts and Components Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa