Electric Vehicle Components Market is expected to reach US$ 442.35 billion by 2032 | Major players - Volkswagen Group, Robert Bosch GmbH., Suzuki Motor Corporation, Denso Corporation.

Market Size and Growth:

The Global Electric Vehicle Components Market size reached US$ 119.29 billion in 2024 and is expected to reach US$ 442.35 billion by 2032, growing with a CAGR of 17.80% during the forecast period 2025-2032.

The Electric Vehicle Components Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Electric Vehicle Components Market encompasses the production and supply of key systems and parts used in electric vehicles, including batteries, electric motors, power electronics, drivetrains, thermal management systems, and charging components. This market supports the design, manufacturing, and performance of electric passenger and commercial vehicles, driven by electrification, sustainability goals, and advances in automotive technology.

Recent Key Developments of United States:

✅ January 2026: EV technology advancements, including new platforms and solid-state batteries, took center stage at the CES in Las Vegas, highlighting innovations in battery components. Battery prices, the costliest EV component, dropped 8% in 2025, aiding affordability despite market challenges.

✅ November 2025: Toyota opened its first U.S. battery manufacturing plant in Liberty, North Carolina, on November 12, 2025, with a $13.9 billion investment to produce batteries for hybrid and electric vehicles like the Camry, Corolla Cross, and RAV4. The facility, spanning 1,850 acres, aims for 30 GWh annual capacity across 14 production lines.​

Recent Key Developments of Europe:

✅ December 2025: Europe's battery supply chain advanced with expansions by LG Energy Solution in Poland, CATL in Germany and Hungary, and others, supporting EV growth amid falling battery costs.​

✅ November 2025: Battery-electric vehicles reached 16.4% EU market share year-to-date through October 2025, driven by gains in Germany, Belgium, Netherlands, and France, reflecting stronger component demand.​

✅ October 2025: Kia announced plans to significantly increase EV production at its Slovakia factory, boosting output of battery electric vehicle components. Renault opened a €40 million battery cell innovation lab in Lardy to prototype cells using LFP and NMC chemistries for future EVs.​

List of the Key Players in the Electric Vehicle Components Market:

Volkswagen Group
Suzuki Motor Corporation
Robert Bosch GmbH.
Mitsubishi Electric Corporation
Denso Corporation
Toyota Boshoku Corporation
Hitachi Astemo
Tesla Inc
BorgWarner Inc
Valeo

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Electric Vehicle Components Market:

By Component: Battery Packs, Battery Management Systems (BMS), Electric Motors, Power Electronics, On-Board Chargers, Charging Ports & Connectors, Thermal Management Systems, Transmission / E-Axles, Others.

By Vehicle Type: Passenger cars, Commercial Vehicles, Two-Wheelers & E-Scooters.

By Propulsion: Battery Electric Vehicle, Hybrid Electric Vehicle, Fuel Cell Electric Vehicle, Plug-in Vehicle.

By Sales Channel: OEM, Aftermarket.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Electric Vehicle Components market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Electric Vehicle Components Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Electric Vehicle Components market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Electric Vehicle Components Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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