North America Electric Passenger Car MRO Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 5.4 Billion by 2030, growing at a CAGR of 14.0% from 2024 to 2030.
The North American electric passenger car MRO (Maintenance, Repair, and Overhaul) market is rapidly expanding due to the growing adoption of electric vehicles (EVs) and the need for efficient, sustainable services for these vehicles. As the EV market matures, various industries, including automotive, energy, and technology, are shaping the demand for specialized MRO services tailored to electric passenger cars.
With the rise of electric cars, especially in markets like the United States and Canada, manufacturers and service providers are being challenged to adapt to the unique requirements of EV maintenance. Unlike traditional combustion engine vehicles, EVs have specific components such as high-voltage batteries, electric drivetrains, and charging systems that require specialized knowledge and tools for repair and service.
For instance, the maintenance of batteries, which are the core component of EVs, is becoming a key focus area. As the battery lifespan extends, managing battery health, replacing or refurbishing cells, and ensuring optimal energy output are critical services in this market. Additionally, the demand for specialized charging stations and components is growing as more EV owners look for convenient and reliable charging solutions. This trend is accelerating the growth of the MRO market as infrastructure support becomes a key requirement.
Industries are also seeking MRO services that can handle diagnostics, software updates, and component replacements that are specific to EV technology. Given the evolving nature of EV technology, companies must stay on the cutting edge of training, tools, and software to provide these services efficiently and safely. This need for specialized knowledge opens opportunities for growth in the electric vehicle aftermarket services sector.
As consumer awareness of electric vehicle benefits grows and regulations become stricter, the demand for tailored MRO services in North America is expected to increase significantly. The evolving standards and technology integration further support this rise in demand, making the North America Electric Passenger Car MRO Market a critical aspect of the automotive ecosystem.
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Robert Bosch
LKC Corporation
The Hybrid Shop
Hyundai Motor
ST Engineering
Performance Consulting Associates
Micron Technology
TMD Mobility
Fraunhofer Gesellschaft
NM and E
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Electric Passenger Car MRO Market
Franchise General Repairs
OEM Authorized Service Centres
Other Service Providers
Based on Types the Market is categorized into Below types that held the largest Electric Passenger Car MRO market share In 2023.
Battery Electric Vehicle (BEV)
Plug-in Electric Hybrid Vehicle (PEV)
Hybrid Electric Vehicle (HEV)
Fuel Cell Electric Vehicle (FCEV)
Others
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Electric Passenger Car MRO Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Electric Passenger Car MRO Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Electric Passenger Car MRO Market, By Type
6. North America Electric Passenger Car MRO Market, By Application
7. North America Electric Passenger Car MRO Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Electric Passenger Car MRO Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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