Throughout the forecast period, the demand for non OEM EV MRO services is expected to expand at a rate of 10.2%. The overall market size is anticipated to grow from US$ 411.8 million in 2023 to about US$ 1,087.7 million by 2033.
In order to increase quality and save costs, many EV production firms are contracting their MRO services to third-party agencies or even OEMs. These authorized companies and OEMs invest a significant amount of money to follow the rigorous standards set by the EV regulatory bodies. Consequently, EV owners spend a huge amount of money to obtain MRO services from such authorized EV MRO service providers.
The design standards and economic implications related to the operation of EV components are monitored by regulatory agencies creating a need for regular maintenance. Due to the unavailability of sufficient authorized services for particular applications, non OEM EV MRO services are typically sought by electric car users. At present time, EV car owners also prefer non OEM MRO services as it is on average 65% less expensive than certified services.
Many electric vehicle sellers, nowadays, are also selecting non OEM EV MRO services to improve service time and cut down the cost of operation. Moreover, in order to lower personnel demand and earn higher margins few local EV sellers have encouraged such non-authorized MRO services.
Owing to its potential benefits, such as lower cost, easy availability, and adoption of new technologies, the service-based segment might grow at a faster rate. Throughout the projection period, as a result of advanced software solutions, this segment is anticipated to rule the non OEM EV MRO market.
| Attributes | Details |
|---|---|
| Non OEM EV MRO Market Share (2022) | US$ 372 million |
| Non OEM EV MRO Market Size Value (2023) | US$ 411.8 million |
| Non OEM EV MRO Market Size Value (2033) | US$ 1,087.7 million |
| Non OEM EV MRO Market Growth Rate (2023 to 2033) | 10.2% |
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Over the last few years, the acceptance of non OEM components has witnessed a significant rise owing to different types of services. All the non OEM services, including MRO, for electric as well as conventional vehicles are quite popular these days across many countries. In line with this development, the global non OEM EV MRO business reached a market valuation of US$ 283.3 million in 2018. Then witnessing a year-on-year growth rate of 7% the net worth of the non OEM EV MRO services reached US$ 372 million by 2022.
Rising awareness about the presence of many independent non OEM EV MRO services providers in any locality has subsequently proliferated this business. Also, many performance tests to evaluate the success and safety of EV MRO services have also provided results in favor of non OEM EV MRO service providers.
Stringent government regulations regarding the allowance and insurance policies for EVs in few countries might be a key challenge for the country. Besides, the non OEM EV MRO service providers also need to overcome the general perception of people to achieve a higher growth rate.
Principal Consultant
Owing to the increasing battery electric vehicles in the market today, it is the dominating segment in non OEM EV MRO services of different types. Furthermore, as BEVs is predicted to rise remarkably in the coming days, this segment is expected to retain its dominance in tandem.
Meanwhile, the introduction of other categories of electric vehicles such as HEVs and PEVs is also striking the growth. Though the demand for non OEM EV MRO services for these segments is growing at a prominent rate is marginal for now. On the other hand, the adoption of non OEM EV MRO services for fuel cell electric vehicles is quite low in comparison to any other segments.
Authorized service providers are still the leading channels for the proliferation of non OEM EV MRO market players. This segment provides almost 62.6% of the revenue generated by the overall market presently.
However, with the rising trend of repairing and maintaining EVs by owners themselves, the local service provider segment of the market is gaining pace these days. Difficulty in finding an authorized EV MRO service provider in many regions is expected to grow this segment at a higher rate. Such aspects are also anticipated to boost the demand for other service providers favoring the adoption of non OEM EV MRO services in the coming days.
By generating a revenue of US$ 62.9 million from non OEM EV MRO services in 2022, the United States dominated the market in terms of size. In the coming years, it is expected to retain its dominance by contributing 16.9% of the revenue generated by the global market.
The quick adoption of advanced technologies by maintenance and other service providers has created a strong EV MRO market in the United States. The digitization of booking and delivery services for EV MRO by non OEM companies has also favored the success of the market.
Germany is a highly successful market in the Europe region for all types of products and services related to the automotive industry. Subsequently, the total valuation of the non OEM EV MRO services adopted in the country in the year 2022 was US$ 43.5 million. During the projected time the German market for non OEM EV MRO is expected to grow with the rising demand from other European nations.
The general trend of adoption of non OEM EV MRO services in the United Kingdom has remained limited over the preceding years. However, after a significant rise in electric passenger cars in recent years the regional market is anticipated to register a CAGR of 9.5% through 2033. In order to attract EV users in the United Kingdom more cost-sensitive and aggressive pricing methods are adopted by the regional service providers.
The Asia Pacific market for non OEM EV MRO is predicted to be dominated by China, and this position is anticipated to continue over the forthcoming years. In comparison to other Asia Pacific countries, China has more developed MRO service requirements and providers to advance its market. According to the market report, it is anticipated to witness a higher growth rate of 7.5% during the years 2023 to 2033.
While Japan also has a substantial demand for non OEM EV MRO services in the Asia Pacific, its year-on-year growth rate is lower than China. By the end of this forecast period, the Japan non OEM EV MRO services market size is projected to be valued at US$ 8.7 million. Likewise, Australia is another notable region for non OEM EV MRO services providers with the overall demand expected to reach US$ 5.4 million by 2033.
During the years 2023 to 2030, the market in India is anticipated to see tremendous expansion for non OEM EV MRO services. As per the market analysis report of FMI, the year-on-year development of the market in India is projected to be 11.6%.
The government of India is putting in great initiatives to establish a strong market for all types of electric vehicles and locomotives. To achieve its environmental goals, it is putting in much effort to encourage all products and services sectors related to electric vehicles. EV sales are also expected to increase in the country as a result of increased passenger and commercial EV production and sales.
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The overall market can be considered fairly consolidated as very few market players receive more than 50% of the demand for non OEM EV MRO services. The economies having a strong manufacturing base for automotive and electronic components, such as China, Germany, and the United States, is leading in the non OEM EV MRO players. However, with the rising emphasis on electric mobility, many emerging economies have also come into the picture by encouraging their non OEM EV MRO market.
Many aftermarket or non OEM EV component manufacturers have improved over the years and have garnered immense trust from many EV users. On the basis of this development, they have expanded their business of providing MRO services to compete with certified OEM market players. So, the global non OEM EV MRO market is diversifying rapidly in present times with the emergence of new and regional players around the globe.
The development of the sector is anticipated to be fueled by the proliferation of technologies and their adoption by market players. Rising R&D expenditures by manufacturers and service providers to improve the performance of diagnostic tools for EVs may augment the market indirectly.
The market registered a CAGR of 7% from 2018 to 2022.
Through 2033, the market is to develop at a CAGR of 10.2%.
By 2033, the market is to have expanded to US$ 1,087.7 million.
In 2023, the market is anticipated to reach a worth of US$ 411.8 million.
The market in the China is anticipated to develop at a CAGR of 7.5% until 2033.
The market's dominant product type is battery electric vehicles.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Battery Electric Vehicle
5.3.2. Plug-in Hybrid Electric Vehicle
5.3.3. Hybrid Electric Vehicle
5.3.4. Fuel Cell Electric Vehicle
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Vehicle Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vehicle Type, 2023 to 2033
6.3.1. Two Wheelers
6.3.2. Passenger Cars
6.3.3. Commercial Vehicles
6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service Provider
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Service Provider , 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service Provider , 2023 to 2033
7.3.1. Franchise General Repairs
7.3.2. Local Service Providers
7.4. Y-o-Y Growth Trend Analysis By Service Provider , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Service Provider , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Type
9.2.3. By Vehicle Type
9.2.4. By Service Provider
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Vehicle Type
9.3.4. By Service Provider
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Type
10.2.3. By Vehicle Type
10.2.4. By Service Provider
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Vehicle Type
10.3.4. By Service Provider
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Type
11.2.3. By Vehicle Type
11.2.4. By Service Provider
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Vehicle Type
11.3.4. By Service Provider
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Type
12.2.3. By Vehicle Type
12.2.4. By Service Provider
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Vehicle Type
12.3.4. By Service Provider
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Type
13.2.3. By Vehicle Type
13.2.4. By Service Provider
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Vehicle Type
13.3.4. By Service Provider
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Type
14.1.2.2. By Vehicle Type
14.1.2.3. By Service Provider
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Type
14.2.2.2. By Vehicle Type
14.2.2.3. By Service Provider
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Type
14.3.2.2. By Vehicle Type
14.3.2.3. By Service Provider
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Type
14.4.2.2. By Vehicle Type
14.4.2.3. By Service Provider
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Type
14.5.2.2. By Vehicle Type
14.5.2.3. By Service Provider
14.6. United kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Type
14.6.2.2. By Vehicle Type
14.6.2.3. By Service Provider
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Type
14.7.2.2. By Vehicle Type
14.7.2.3. By Service Provider
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Type
14.8.2.2. By Vehicle Type
14.8.2.3. By Service Provider
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Type
14.9.2.2. By Vehicle Type
14.9.2.3. By Service Provider
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Type
14.10.2.2. By Vehicle Type
14.10.2.3. By Service Provider
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Type
14.11.2.2. By Vehicle Type
14.11.2.3. By Service Provider
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Type
14.12.2.2. By Vehicle Type
14.12.2.3. By Service Provider
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Type
14.13.2.2. By Vehicle Type
14.13.2.3. By Service Provider
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Type
14.14.2.2. By Vehicle Type
14.14.2.3. By Service Provider
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Type
14.15.2.2. By Vehicle Type
14.15.2.3. By Service Provider
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Type
14.16.2.2. By Vehicle Type
14.16.2.3. By Service Provider
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Type
14.17.2.2. By Vehicle Type
14.17.2.3. By Service Provider
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Type
14.18.2.2. By Vehicle Type
14.18.2.3. By Service Provider
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Type
14.19.2.2. By Vehicle Type
14.19.2.3. By Service Provider
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Type
14.20.2.2. By Vehicle Type
14.20.2.3. By Service Provider
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Type
15.3.3. By Vehicle Type
15.3.4. By Service Provider
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Robert Bosch GmbH
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.2. LKQ Corporation
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.3. The Hybrid Shop
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.4. ST Engineering
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.5. Performance Consulting Associates, Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.6. Micron Technology, Inc
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.7. SpareIt
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.8. TMD Mobility
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.9. Fraunhofer Gesellschaft
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.10. NM and E Co., Ltd.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Non OEM EV MRO Market
