Product Code: ETC282864 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India Automotive Components Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 12.80% in 2025, the market peaks at 13.51% in 2027, and settles at 12.45% by 2029.
The India Automotive Components market is an integral part of the country`s booming automotive sector. The market includes a wide range of components, such as engines, transmissions, and electrical systems. As India automotive industry continues to expand, the demand for high-quality components remains strong.
The India automotive components market is primarily driven by the growth of the automotive industry. As more people in India own vehicles, the demand for components such as brakes, engines, and electronics increases. Additionally, technological advancements in the automotive sector, including electric and hybrid vehicles, impact the market.
The India automotive components market faces several challenges. One of the primary issues is the need for substantial investments in technology and infrastructure to keep up with global quality and safety standards. The market is highly fragmented, with many small and medium-sized enterprises, which makes it challenging to achieve economies of scale. Additionally, fluctuations in the global economy and exchange rates can impact the cost of raw materials, affecting the cost structure of automotive components. Regulatory compliance, especially with regard to emissions and safety standards, is another significant challenge. The market must continually adapt to evolving regulations, which can be a costly and time-consuming process.
The automotive industry faced a significant blow during the pandemic, affecting the demand for automotive components. Manufacturing slowdowns and supply chain disruptions led to reduced production and sales.
The India Automotive Components market is characterized by key players who supply a wide range of components for the automotive sector. Notable companies like Bharat Forge Limited, Motherson Sumi Systems Limited, Bosch Limited, and Exide Industries Limited are major contributors to this market. They offer diverse automotive components, including engine parts, electrical systems, and chassis components, supporting India thriving automotive industry.
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 Automotive Components Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Components Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Components Market - Industry Life Cycle |
3.4 India Automotive Components Market - Porter's Five Forces |
3.5 India Automotive Components Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 India Automotive Components Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 India Automotive Components Market Revenues & Volume Share, By Demand Category, 2021 & 2031F |
4 India Automotive Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for vehicles in India |
4.2.2 Growth in the automotive manufacturing sector |
4.2.3 Technological advancements leading to higher component demand |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Regulatory challenges and compliance requirements |
4.3.3 Intense competition in the market |
5 India Automotive Components Market Trends |
6 India Automotive Components Market, By Types |
6.1 India Automotive Components Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Components Market Revenues & Volume, By Vehicle Type, 2021-2031F |
6.1.3 India Automotive Components Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.1.4 India Automotive Components Market Revenues & Volume, By Light Commercial Vehicle, 2021-2031F |
6.1.5 India Automotive Components Market Revenues & Volume, By Medium & Heavy Commercial Vehicle, 2021-2031F |
6.1.6 India Automotive Components Market Revenues & Volume, By Two-Wheeler, 2021-2031F |
6.1.7 India Automotive Components Market Revenues & Volume, By Three-Wheeler, 2021-2031F |
6.1.8 India Automotive Components Market Revenues & Volume, By OTR, 2021-2031F |
6.2 India Automotive Components Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Components Market Revenues & Volume, By Engine Parts, 2021-2031F |
6.2.3 India Automotive Components Market Revenues & Volume, By Body & Chassis, 2021-2031F |
6.2.4 India Automotive Components Market Revenues & Volume, By Suspension & Brakes, 2021-2031F |
6.2.5 India Automotive Components Market Revenues & Volume, By Drive Transmission & Steering Parts, 2021-2031F |
6.2.6 India Automotive Components Market Revenues & Volume, By Electrical Parts, 2021-2031F |
6.2.7 India Automotive Components Market Revenues & Volume, By Equipments, 2021-2031F |
6.3 India Automotive Components Market, By Demand Category |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Components Market Revenues & Volume, By OEM, 2021-2031F |
6.3.3 India Automotive Components Market Revenues & Volume, By Replacement, 2021-2031F |
7 India Automotive Components Market Import-Export Trade Statistics |
7.1 India Automotive Components Market Export to Major Countries |
7.2 India Automotive Components Market Imports from Major Countries |
8 India Automotive Components Market Key Performance Indicators |
8.1 Average revenue per component sold |
8.2 Adoption rate of advanced manufacturing technologies |
8.3 Number of strategic partnerships and collaborations within the industry |
9 India Automotive Components Market - Opportunity Assessment |
9.1 India Automotive Components Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 India Automotive Components Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 India Automotive Components Market Opportunity Assessment, By Demand Category, 2021 & 2031F |
10 India Automotive Components Market - Competitive Landscape |
10.1 India Automotive Components Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Components Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |