India Auto Parts And Accessories Market (2025-2031) Outlook | Companies, Forecast, Value, Analysis, Growth, Revenue, Size, Trends, Industry & Share

India Auto Parts And Accessories Market Synopsis

The India automotive aftermarket for auto parts and accessories is estimated to be around INR 1.10 trillion. It is expected to grow at a CAGR of 10.3%, primarily driven by growing demand from domestic as well as export markets. The market has been further segmented into original equipment manufacturers (OEMs), replacement parts & components, tools & equipment, garage & service station equipment, lubricants & fluids, electrical systems & components and chemical products.

Market Drivers of the market

The auto parts and accessories market in India is experiencing significant growth due to the expanding automotive industry and the rising demand for vehicle customization. With the increasing number of vehicles on the road, there is a growing need for replacement parts and aftermarket accessories. The popularity of car modification and the trend of personalizing vehicles are driving the demand for various auto parts and accessories. Additionally, the growth of the e-commerce sector and the increasing availability of auto parts online are further boosting market expansion. The government`s focus on promoting electric vehicles and sustainable transportation is also influencing the market`s prospects.

Challenges of the Market

The India auto parts and accessories market faces several challenges as it strives to meet the diverse needs of the automotive industry and consumers. One of the primary challenges is the growing demand for environmentally friendly and sustainable auto parts. As the automotive sector embraces electric and hybrid vehicles, manufacturers must adapt their product offerings to cater to the requirements of these new technologies. Additionally, the presence of counterfeit and substandard auto parts in the market poses risks to vehicle performance, safety, and longevity. Ensuring the quality and authenticity of auto parts is essential to safeguard consumers and maintain the reputation of manufacturers. The fragmentation of the auto parts and accessories market can lead to pricing challenges, as numerous suppliers compete in the same segments. Manufacturers must focus on product differentiation and value-added offerings to remain competitive. Moreover, the shift towards online retail and e-commerce platforms has altered consumer behavior and preferences. Manufacturers must embrace digital marketing and sales strategies to reach a wider customer base and stay relevant in the digital age. To address these challenges, the India auto parts and accessories market can invest in research and development for sustainable automotive solutions, strengthen anti-counterfeiting measures, promote collaboration between industry stakeholders, and adapt to evolving consumer preferences through digital transformation.

Covid-19 Impact on the Market

The COVID-19 pandemic had a substantial impact on the India auto parts and accessories market. The automotive sector faced significant disruptions with manufacturing and supply chain challenges. As vehicle sales declined, the demand for aftermarket parts also witnessed a downturn. However, with the gradual revival of the automotive industry and the increasing focus on electric vehicles and sustainable mobility solutions, the auto parts and accessories market is expected to witness recovery and growth.

Key Players of the Market

In the India auto parts and accessories market, several key players contribute to providing a diverse range of components and aftermarket products for vehicles. Bosch India, a prominent player, offers a comprehensive portfolio of automotive parts and systems, including engine components, braking systems, and electrical parts. They cater to the passenger car, commercial vehicle, and two-wheeler segments. Tata AutoComp Systems Ltd. is another major player providing auto parts and accessories for Tata Motors vehicles as well as other automobile manufacturers. They focus on delivering reliable and high-performance components to enhance vehicle efficiency and safety. Additionally, Minda Industries Limited is a key player in the market, offering a wide array of automotive parts, including lighting systems, switches, and batteries. These key players actively collaborate with OEMs and vehicle manufacturers to meet the demand for original equipment components and ensure product quality and reliability. Moreover, they engage with the aftermarket distribution network to provide customers with a wide selection of accessories and replacement parts, catering to various vehicle models and customer preferences. Their commitment to technology, quality, and customer satisfaction has established them as influential players in the India auto parts and accessories market.

Key Highlights of the Report:

• India Auto Parts And Accessories Market Outlook
• Market Size of India Auto Parts And Accessories Market, 2024
• Forecast of India Auto Parts And Accessories Market, 2031
• Historical Data and Forecast of India Auto Parts And Accessories Revenues & Volume for the Period 2021-2031
• India Auto Parts And Accessories Market Trend Evolution
• India Auto Parts And Accessories Market Drivers and Challenges
• India Auto Parts And Accessories Price Trends
• India Auto Parts And Accessories Porter's Five Forces
• India Auto Parts And Accessories Industry Life Cycle
• Historical Data and Forecast of India Auto Parts And Accessories Market Revenues & Volume By Product for the Period 2021-2031
• Historical Data and Forecast of India Auto Parts And Accessories Market Revenues & Volume By Driveline & Powertrain for the Period 2021-2031
• Historical Data and Forecast of India Auto Parts And Accessories Market Revenues & Volume By Interiors & Exteriors for the Period 2021-2031
• Historical Data and Forecast of India Auto Parts And Accessories Market Revenues & Volume By Electronics for the Period 2021-2031
• Historical Data and Forecast of India Auto Parts And Accessories Market Revenues & Volume By Bodies & Chassis for the Period 2021-2031
• Historical Data and Forecast of India Auto Parts And Accessories Market Revenues & Volume By Wheel & Tires for the Period 2021-2031
• Historical Data and Forecast of India Auto Parts And Accessories Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of India Auto Parts And Accessories Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Auto Parts And Accessories Market Revenues & Volume By OEMs for the Period 2021-2031
• Historical Data and Forecast of India Auto Parts And Accessories Market Revenues & Volume By Aftermarket for the Period 2021-2031
• India Auto Parts And Accessories Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Application
• India Auto Parts And Accessories Top Companies Market Share
• India Auto Parts And Accessories Competitive Benchmarking By Technical and Operational Parameters
• India Auto Parts And Accessories Company Profiles
• India Auto Parts And Accessories Key Strategic Recommendations