Global Automotive Aftermarket Parts Market to Reach $722 Billion by 2030, Driven by Electric Vehicle Demand

Release time：2022-07-28

A recent McKinsey report predicts the automotive parts aftermarket will grow at 6.2% CAGR, fueled by EV-specific components like battery thermal management systems and regenerative braking parts. Chinese manufacturers are accelerating R&D in OEM-equivalent EV spare parts to capture this emerging segment.

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