How big is the Electric Vehicle Parts And Components Market?

The Electric Vehicle Parts And Components Market size is expected to reach USD 124.5 billion in 2024 and grow at a CAGR of 21.22% to reach USD 323.5 billion by 2029. Read More

What is the current Electric Vehicle Parts And Components Market size?

In 2024, the Electric Vehicle Parts And Components Market size is expected to reach USD 124.5 billion. Read More

Who are the key players in Electric Vehicle Parts And Components Market?

Continental AG, Panasonic Corporation, Samsung SDI Co. Ltd, Denso Corporation and Robert Bosch GmbH are the major companies operating in the Electric Vehicle Parts And Components Market. Read More

Which is the fastest growing region in Electric Vehicle Parts And Components Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Electric Vehicle Parts And Components Market?

In 2024, the Asia-Pacific accounts for the largest market share in Electric Vehicle Parts And Components Market. Read More

What years does this Electric Vehicle Parts And Components Market cover, and what was the market size in 2023?

In 2023, the Electric Vehicle Parts And Components Market size was estimated at USD 98.08 billion. The report covers the Electric Vehicle Parts And Components Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electric Vehicle Parts And Components Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What role does technology play in Electric Vehicle Parts Market growth?

Technological advancements in EV components are crucial for improving vehicle performance, efficiency, and affordability, thereby driving the Electric Vehicle (EV) Parts Market growth. Read More

Electric Vehicle Parts And Components Market Share

Statistics for the 2023 & 2024 Electric Vehicle Parts And Components market share, created by Mordor Intelligence™ Industry Reports. Electric Vehicle Parts And Components share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Electric Vehicle Parts And Components Industry

The key players in the global electric vehicle parts and components market include Denso Corporation, Robert Bosch GmbH, Continental AG, Contemporary Amperex Technology Co. Ltd, Panasonic Corporation, BorgWarner Inc., LG Chem Ltd, Hitachi Ltd, and others.

The evolving partnerships between manufacturers and automotive companies are expected to expand the market studied globally. For instance, in January 2022, Volkswagen and Bosch signed a memorandum of understanding (MoU) in order to industrialize the production of battery cells. The companies intend to establish a project unit to investigate the feasibility of industrial-scale solutions for battery manufacturing in Europe.

Both intend to provide integrated battery production systems, as well as on-site ramp-up and maintenance support for battery cell and system manufacturers, as well as the entire range of processes and components required for large-scale battery cell and system manufacturing.

In May 2024, Phoenix Motor Inc., a manufacturer of heavy-duty transit buses and provider of electrification solutions for medium-duty vehicles, started producing its fourth-generation drivetrain for Class 4 shuttle buses and trucks.
In May 2024, Toyota started planning to begin producing EV batteries in 2025 at its new factory in North Carolina for hybrids, plug-in hybrids, and EVs.
A patent application published by the United States Patent and Trademark Office (USPTO) on March 21, filed by Ferrari in 2023, detailed a triple-motor EV with sound generators and strategically placed inlets and outlets to channel sound into the cabin.
The Tata Group announced in February 2024 that its new multibillion-pound UK battery manufacturing facility will be located in Bridgwater, southwest England.
In April 2023, Bosch Research and the Technical University of Munich's Chair of High-Performance Converter Systems (HLU) collaborated on innovative solutions for future "Charger-Converters." This key component in electric vehicles combines two functions: charging the high-voltage battery from the AC power grid and transferring energy between the high-voltage and low-voltage systems.