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Automotive EV component market growth

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2026-09-28 05:22 UTC → 2026-10-01 06:00 UTC · added ~~removed~~

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 a 42.47% share in 2025. 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 a primary driver of growth, with the global market projected to reach approximately $37.95 billion by 2030 (CAGR 45.2%). While China has enabled manufacturers to scale production, European adoption is influenced by CO2 standards and recent EU amendments. In the UK, the government has announced a $267.04 million investment to accelerate zero-emission truck deployment and charging infrastructure. Updated research from the Fraunhofer Institute for Systems and Innovation Research (ISI) and the International Council on Clean Transportation (ICCT), titled ‘Spatiotemporal Analysis of Electric Truck Charging Demand in Europe’, provides detailed projections for European electricity demand. Under supportive political frameworks, annual charging demand for electric trucks could reach approximately 100 TWh by 2035 and exceed 200 TWh by 2045. Germany is expected to see the highest demand, potentially reaching 43 TWh by 2045, followed by France, the United Kingdom, Spain, and Italy. Demand is expected to be highly concentrated, with just 10% of areas potentially accounting for 60% to 90% of total energy needs. While depot-based charging is expected to remain dominant—accounting for 70% to 80% of total consumption in most scenarios—public on-route charging will remain vital for long-distance transport, potentially representing 30% to 50% of demand in some smaller transit countries. Experts warn that grid planning must prioritize these high-demand logistics centers, industrial hubs, and freight corridors.

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