Press release
Analysis of Key Market Segments Influencing the Electric Vehicle Parts and Components Industry
Electric Vehicle Parts And Components Market
Future Market Size Expectations for Electric Vehicle Parts and Components
The market for electric vehicle parts and components is projected to reach $494.25 billion by 2030, growing at a robust compound annual growth rate of 15.8%. This rapid expansion is driven by several factors such as the rising demand for advanced solid-state batteries, the swift advancement of fast-charging technologies, the growth of connected vehicle infrastructure, improvements in high-efficiency power electronics, and the increasing production of lightweight components specifically designed for electric vehicles. Emerging trends that will influence the market include the development of electrification-focused vehicle architectures, intelligent manufacturing methods for EV components, the adoption of AI-based powertrain optimization, the integration of IoT-connected systems, and the innovation of sustainable materials for EV parts.
Download a free sample of the electric vehicle parts and components market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12088&type=smp
Prominent Companies Leading the Electric Vehicle Parts and Components Market
Several well-established companies dominate this market, including Ford Motor Company, General Motors, BMW Group, Robert Bosch GmbH, Tesla Inc., Siemens AG, Nissan Motor Manufacturing Ltd., Panasonic Corporation, Contemporary ere*x Technology Co. Ltd., Denso Corporation, Continental AG, HyundAI Mobis Co Ltd., Magna International Inc., ABB Ltd., Toyota Industries Corporation, Aptiv plc, BorgWarner Inc., Samsung SDI Co Ltd., Maruti Suzuki Ltd., Hella KGaA Hueck & Co., NIO Inc., Ashok Leyland Ltd., Rivian Automotive Inc., Amara Raja Batteries Ltd., QuantumScape Corporation, Eastman Auto & Power Ltd., Okaya Power Ltd., Faraday Future, and Sparco Batteries Pvt Ltd.
Notable Acquisition Enhancing Capabilities and Reach
In January 2025, Advik Hi-Tech Private Limited, an Indian automotive components manufacturer with a global presence, acquired Powersports MTG, a Germany-based producer of mechanical and hydraulic brake and clutch systems for two-wheelers. This acquisition aims to bolster Advik's technological expertise in hydraulic braking and clutch systems while expanding its product portfolio. Moreover, it establishes a manufacturing footprint in Europe, allowing Advik to strengthen its position in the electric vehicle components market.
View the full electric vehicle parts and components market report:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-parts-and-components-global-market-report
Current Trends Boosting Market Growth in Electric Vehicle Parts and Components
Industry leaders in the electric vehicle parts and components market are dedicating efforts to innovate products like air conditioners and engine cooling modules to improve energy efficiency, prolong battery lifespan, and enhance overall vehicle performance. These thermal management systems are essential in regulating cabin temperature as well as maintaining optimal operating conditions for batteries and powertrain components.
For example, in September 2024, DENSO Corporation, a Japanese mobility supplier, began producing inverters at its Fukushima plant to increase manufacturing capacity and competitiveness in the electrification sector. Previously focused on automotive thermal products, this plant now supports inverter production alongside DENSO's other Japanese facilities in Hirose and Anjo, making Fukushima the third inverter production site for the company in Japan.
How the Electric Vehicle Parts and Components Market Is Structured
This market is categorized across several dimensions:
1) Component types including Battery Packs, DC-DC Converters, Controller and Inverter units, Motors, and Onboard Chargers.
2) Vehicle categories such as Passenger Cars and Commercial Vehicles.
3) Propulsion systems comprising Battery Electric Vehicles, Plug-In Hybrid Vehicles, Fuel Cell Electric Vehicles, and Hybrid Electric Vehicles.
4) Sales channels split between OEM (Original Equipment Manufacturer) and Aftermarket.
Further breakdowns include subcategories like Lithium-Ion, Solid-State, and Nickel-Metal Hydride battery packs; isolated and non-isolated DC-DC converters; motor controllers and power inverters; AC, DC, and permanent magnet motors; as well as Level 1, Level 2, and fast onboard chargers.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Analysis of Key Market Segments Influencing the Electric Vehicle Parts and Components Industry here
News-ID: 4372594 • Views: …
More Releases from The Business Research Company
Emerging Sub-Segments Transforming the Capacitive Proximity Sensor Market Landsc …
The capacitive proximity sensor market is poised for substantial growth as technological advancements and evolving industrial needs drive increased adoption. With applications ranging from smart manufacturing to consumer electronics, this sector is rapidly expanding, promising exciting developments and new opportunities through 2030. Below, we explore the market's size, leading players, driving factors, latest trends, and key segments that define its growth trajectory.
Expected Growth Trajectory of the Capacitive Proximity Sensor Market…
Electrical Conduit Market Overview: Major Segments, Strategic Developments, and …
The electrical conduit market is on track for significant expansion in the coming years, driven by technological advancements and growing infrastructure demands. As smart construction and IoT-enabled solutions become more widespread, the market is expected to evolve rapidly, offering new opportunities for manufacturers and end users alike. Here's a detailed overview of the market's valuation, key players, trends, and segmentation.
Projected Market Value and Growth Outlook for the Electrical Conduit Market…
Segmentation, Major Trends, and Competitive Overview of the Electronic Weighing …
The electronic weighing scales market is on the brink of significant expansion, driven by technological advancements and increasing adoption across various industries. As innovation continues to reshape weighing solutions, this sector is set to achieve remarkable growth by 2030. Let's explore the current market size, key players, trends, and segmentation shaping the future of electronic weighing scales.
Projected Market Value and Growth Trajectory of the Electronic Weighing Scales Market
The electronic…
Market Trend Analysis: The Impact of Recent Innovations on the Cable Conduit Sys …
The cable conduit systems market is on track for significant expansion in the coming years, driven by evolving infrastructure needs and technological advancements. Increasing demand from various sectors coupled with innovative product developments is setting the stage for steady growth through 2030. This overview explores the market size projections, major players, current trends, and segmentation that define the industry's outlook.
Market Size Projections and Growth Drivers in the Cable Conduit Systems…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…
