India Automobile Components Market (2024-2030) | Industry, Value, Forecast, Share, Companies, Growth, Trends, Outlook, Size, Analysis & Revenue

Market Forecast By Product Type (Flywheel, Pressure Plate, Clutch, Other), By Applications (Passenger Cars (PC), Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)) And Competitive Landscape
Product Code: ETC016604 Publication Date: Jun 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Automobile Components Market Synopsis

The India Automobile Components Market was valued at USD 43 billion in 2020 and is expected to reach a value of USD 62.2 billion by 2026, registering a CAGR of 6.3% during the forecast period (2021-2026). The Indian automobile components industry accounts for about 7.1% of the country`s GDP and employs over 12 million people directly or indirectly. Growing consumer preference towards fuel efficient vehicles, technological advancements in engine control unit, rising demand from the aftermarket are some factors driving growth in this market.

Drivers of the Market:

? Growing Demand for Fuel Efficient Vehicles: With increasing environmental concerns and regulations on emissions from passenger cars across India, there has been an upsurge in demand for fuel efficient vehicles which drives growth of the automotive component market as more components will be needed to build such vehicles.

? Technological Advancements & Integration with Electronics: Technological advancement have enabled automotive manufacturers to incorporate electronics into their vehicle design leading to increased intelligence operations which requires additional electronic components like sensors and actuators that help increase efficiency while reducing weight simultaneously; thus driving growth in this market space during forecast period.

Challenges of the Market:

? Increasing Raw Material Cost Volatility: In spite of being one among top producers globally, production costs remain higher due to high cost volatility associated with raw materials used for manufacturing these parts including iron & steel prices that could affect profitability margins if not managed properly.

Trends of the Market:

? Rising Opportunities in Aftermarket Segment : Due rapid urbanization, rising disposable income levels coupled with increasing focus on road safety has led rise in demand for replacement auto parts from aftermarket segment thereby providing immense opportunities within Indian Automotive Component Industry going forward considering large customer base present here..

Trends of the Market:

Major players operating within India Automobile Components Market include Hero MotoCorp Ltd., Bosch Limited , Mahindra Group , Bharat Forge Ltd., Amtek Auto Ltd., Munjal Showa Ltd., Endurance Technologies Pvt Ltd., Jamna Auto Industries , Elephant Group etc .

The COVID - 19 Impact on the Market:

The covid 19 pandemic had affected all aspects of life including travel related activities across globe resulting decline sales figures adversely affecting bottom line profitability especially amongst tier 1 vendors supplying OEM?s ; however now markets have started recovering slowly largely backed by pent up demands experienced post lock down easing measures undertaken by government authorities recently.

Key Highlights of the Report:

  • India Automobile Components Market Outlook
  • Market Size of India Automobile Components Market, 2023
  • Forecast of India Automobile Components Market, 2030
  • Historical Data and Forecast of India Automobile Components Revenues & Volume for the Period 2020-2030
  • India Automobile Components Market Trend Evolution
  • India Automobile Components Market Drivers and Challenges
  • India Automobile Components Price Trends
  • India Automobile Components Porter's Five Forces
  • India Automobile Components Industry Life Cycle
  • Historical Data and Forecast of India Automobile Components Market Revenues & Volume By Product Type for the Period 2020-2030
  • Historical Data and Forecast of India Automobile Components Market Revenues & Volume By Flywheel for the Period 2020-2030
  • Historical Data and Forecast of India Automobile Components Market Revenues & Volume By Pressure Plate for the Period 2020-2030
  • Historical Data and Forecast of India Automobile Components Market Revenues & Volume By Clutch for the Period 2020-2030
  • Historical Data and Forecast of India Automobile Components Market Revenues & Volume By Other for the Period 2020-2030
  • Historical Data and Forecast of India Automobile Components Market Revenues & Volume By Applications for the Period 2020-2030
  • Historical Data and Forecast of India Automobile Components Market Revenues & Volume By Passenger Cars (PC) for the Period 2020-2030
  • Historical Data and Forecast of India Automobile Components Market Revenues & Volume By Light Commercial Vehicles (LCV) for the Period 2020-2030
  • Historical Data and Forecast of India Automobile Components Market Revenues & Volume By Heavy Commercial Vehicles (HCV) for the Period 2020-2030
  • India Automobile Components Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Applications
  • India Automobile Components Top Companies Market Share
  • India Automobile Components Competitive Benchmarking By Technical and Operational Parameters
  • India Automobile Components Company Profiles
  • India Automobile Components Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Automobile Components Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Automobile Components Market Revenues & Volume, 2020 & 2030F

3.3 India Automobile Components Market - Industry Life Cycle

3.4 India Automobile Components Market - Porter's Five Forces

3.5 India Automobile Components Market Revenues & Volume Share, By Product Type, 2020 & 2030F

3.6 India Automobile Components Market Revenues & Volume Share, By Applications, 2020 & 2030F

4 India Automobile Components Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Automobile Components Market Trends

6 India Automobile Components Market, By Types

6.1 India Automobile Components Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 India Automobile Components Market Revenues & Volume, By Product Type, 2020-2030F

6.1.3 India Automobile Components Market Revenues & Volume, By Flywheel, 2020-2030F

6.1.4 India Automobile Components Market Revenues & Volume, By Pressure Plate, 2020-2030F

6.1.5 India Automobile Components Market Revenues & Volume, By Clutch, 2020-2030F

6.1.6 India Automobile Components Market Revenues & Volume, By Other, 2020-2030F

6.2 India Automobile Components Market, By Applications

6.2.1 Overview and Analysis

6.2.2 India Automobile Components Market Revenues & Volume, By Passenger Cars (PC), 2020-2030F

6.2.3 India Automobile Components Market Revenues & Volume, By Light Commercial Vehicles (LCV), 2020-2030F

6.2.4 India Automobile Components Market Revenues & Volume, By Heavy Commercial Vehicles (HCV), 2020-2030F

7 India Automobile Components Market Import-Export Trade Statistics

7.1 India Automobile Components Market Export to Major Countries

7.2 India Automobile Components Market Imports from Major Countries

8 India Automobile Components Market Key Performance Indicators

9 India Automobile Components Market - Opportunity Assessment

9.1 India Automobile Components Market Opportunity Assessment, By Product Type, 2020 & 2030F

9.2 India Automobile Components Market Opportunity Assessment, By Applications, 2020 & 2030F

10 India Automobile Components Market - Competitive Landscape

10.1 India Automobile Components Market Revenue Share, By Companies, 2023

10.2 India Automobile Components Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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