Saudi Arabia Electric Vehicle Aftermarket Market Size & Outlook
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Saudi Arabia electric vehicle aftermarket market highlights
- The Saudi Arabia electric vehicle aftermarket market generated a revenue of USD 2,620.1 million in 2023 and is expected to reach USD 10,685.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 22.2% from 2024 to 2030.
- In terms of segment, tire was the largest revenue generating replacement parts in 2023.
- Filters is the most lucrative replacement parts segment registering the fastest growth during the forecast period.
Electric vehicle aftermarket market data book summary
| Market revenue in 2023 | USD 2,620.1 million |
| Market revenue in 2030 | USD 10,685.1 million |
| Growth rate | 22.2% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Filters |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels |
| Key market players worldwide | 3M Co, ABB Ltd, Engie SA, ChargePoint Holdings Inc Ordinary Shares - Class A, Webasto Group, Siemens AG, Robert Bosch Engineering & Business Solutions, BorgWarner Inc, Schneider Electric SE, Enphase Energy Inc, AeroVironment Inc, Continental AG, Denso Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 3.3% of the global electric vehicle aftermarket market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia electric vehicle aftermarket market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,562.8 million by 2030.
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Electric Vehicle Aftermarket Market Scope
Electric Vehicle Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Webasto Group | View profile | 10001+ | Stockdorf, Bayern, Germany, Europe | https://www.webasto.com/de/ |
| BorgWarner Inc | View profile | 39900 | 3850 Hamlin Road, Auburn Hills, MI, United States, 48326 | https://www.borgwarner.com |
| ChargePoint Holdings Inc Ordinary Shares - Class A | View profile | 1650 | 240 East Hacienda Avenue, Campbell, CA, United States, 95008 | https://investors.chargepoint.com |
| AeroVironment Inc | View profile | 1279 | 241 18th Street South, Suite 415, Arlington, VA, United States, 22202 | https://www.avinc.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Engie SA | View profile | 97000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | https://www.engie.com |
| Enphase Energy Inc | View profile | 3157 | 47281 Bayside Parkway, Fremont, CA, United States, 94538 | https://www.enphase.com |
| Denso Corp | View profile | 195471 | 1-1 Showa-cho, Kariya, Japan, 448-8661 | http://www.denso.co.jp |
| Continental AG | View profile | 200888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | https://www.continental.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Saudi Arabia electric vehicle aftermarket market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric vehicle aftermarket market will help companies and investors design strategic landscapes.
Tire was the largest segment with a revenue share of 22.91% in 2023. Horizon Databook has segmented the Saudi Arabia electric vehicle aftermarket market based on tire, battery, brake parts, filters, body parts, lighting and electronic components, wheels covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of electric vehicle aftermarket market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia electric vehicle aftermarket market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia electric vehicle aftermarket market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia electric vehicle aftermarket market size, by replacement parts, 2018-2030 (US$M)
Saudi Arabia Electric Vehicle Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
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