# Automotive EV component market growth

> Live situation record from CLSTR: https://clstr.news/situations/automotive-ev-component-market-growth
> Updated: 2026-08-05T05:34:06.000Z. Sources: 4. Developments: 2.

Forecasts released in August 2026 show rapid expansion across several automotive segments tied to electric‑vehicle (EV) adoption and stricter emissions rules. 

The exhaust‑system market is projected to rise from US$63.14 billion in 2025 to US$113.09 billion by 2034 (CAGR 6.69%), with Europe expected to hold the largest share. Parallel forecasts predict the vehicle‑to‑grid (V2G) market to jump from US$6.27 billion in 2025 to US$658.4 billion by 2035 (CAGR 26.5%), driven by bidirectional charging infrastructure and renewable‑energy integration. 

Heavy‑duty electric trucks are forecast to grow from US$12.31 billion in 2025 to US$101.02 billion by 2034 (CAGR 27.1%), while the automotive brake‑pad market is expected to increase from US$4.07 billion to US$6.67 billion over the same period (CAGR 5.7%). Both segments cite EV electrification, connected‑vehicle technologies, advanced driver‑assistance systems and tighter emissions standards as key drivers. 

Major players highlighted include Continental AG, Nissan, Mitsubishi, NUVVE, ENGIE, Volvo Trucks, Daimler, BYD, Tesla, Scania, Brembo, Akebono, Bosch Automotive and Valeo.

## Timeline

### 2026-08-05: Global Heavy-Duty Electric Trucks and Brake Pads Markets to Grow Rapidly by 2034

Heavy‑duty electric trucks could hit $101 bn by 2034 (CAGR 27.1%) and brake pads $6.7 bn (CAGR 5.7%), spurred by electrification, AI and tighter emissions rules.

2 sources. https://clstr.news/cluster/global-heavy-duty-electric-trucks-and-brake-pads-markets-to-grow-rapidly-by-2034

### 2026-08-05: Global Automotive Market Forecasts Show Strong Growth in Exhaust Systems and Vehicle‑to‑Grid Sectors

Forecasts show the automotive exhaust‑system market reaching $113 bn by 2034 (CAGR 6.7 %) and the vehicle‑to‑grid market soaring to $658 bn by 2035 (CAGR 26.5 %), driven by EV growth and bidirectional charging.

3 sources. https://clstr.news/cluster/global-automotive-market-forecasts-show-strong-growth-in-exhaust-systems-and-vehicletogrid-sectors

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Cite as: Automotive EV component market growth. CLSTR, https://clstr.news/situations/automotive-ev-component-market-growth