India Motor Vehicle Steering and Suspension Parts Market (2024-2030) | Revenue, Trends, Value, Forecast, Industry, Share, Companies, Outlook, Size, Growth, Analysis & COVID-19 IMPACT

Market Forecast By Types (Steering Components, Suspension Components), By Application (Commercial Vehicle, Passenger Car) And Competitive Landscape
Product Code: ETC020504 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 Steering and Suspension Components market shipment grew 0.34% in value terms in financial year 2021-22 in comparison with a decrease of -0.25% in the previous financial year.
India Steering and Suspension Components Shipment Value (Percentage Growth Over Previous Year)

India Motor Vehicle Steering and Suspension Parts Market Synopsis

The India Motor Vehicle Steering and Suspension Parts Market is estimated to grow at a CAGR of 8.5% during 2020-2026. The increasing sales of vehicles, coupled with the growing demand for enhanced safety features, are some of the major factors that are driving the growth in this market. Also, technological advancements in steering and suspension systems are expected to contribute significantly towards the growth of this market during the forecast period.

Drivers of the Market:

• Increasing Sales of Vehicles – With an ever-growing population in India, there has been an increase in personal mobility needs which has resulted in increased sales of vehicles across different segments such as SUVs, sedans etc., therefore propelling the need for advanced steering & suspension parts. This is one ofthe major drivers fueling upmarket growth.

• Growing Demand for Enhanced Safety Features – There is a rising trend amongst consumers especially from developing countries looking out for safety features while purchasing new cars or replacing their existing car components such as airbags and shock absorbers among others leading to increased demand for these parts .

• Technological Advancements - Automotive manufacturers have been continuously investing capital on research & development activities related to advancement in automotive technologies such as active control systems combined with sensorsleading to greater efficiency , better ride quality , improved comfort level resulting into higher customer satisfaction levels thereby boosting upmarket trends .

Challenges of the Market:

• High Cost Involved - Assembling such sophisticated auto parts requires significant investments which further increases cost associated with manufacturing them thus posing challenge before end users who usually look outfor budget friendly options making it difficult for original equipment manufactures (OEMs)and after markets part makers operatinginthis space .

Key Players of the Market:

Tenneco Inc., Hitachi Ltd., TRW Automotive Holdings Corp., Continental AG , thyssenkrupp AG , ZF Friedrichshafen AG , Federal Mogul LLC

Key Highlights of the Report:

  • India Motor Vehicle Steering and Suspension Parts Market Outlook
  • Market Size of India Motor Vehicle Steering and Suspension Parts Market, 2023
  • Forecast of India Motor Vehicle Steering and Suspension Parts Market, 2030
  • Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Revenues & Volume for the Period 2020-2030
  • India Motor Vehicle Steering and Suspension Parts Market Trend Evolution
  • India Motor Vehicle Steering and Suspension Parts Market Drivers and Challenges
  • India Motor Vehicle Steering and Suspension Parts Price Trends
  • India Motor Vehicle Steering and Suspension Parts Porter's Five Forces
  • India Motor Vehicle Steering and Suspension Parts Industry Life Cycle
  • Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Types for the Period 2020-2030
  • Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Steering Components for the Period 2020-2030
  • Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Suspension Components for the Period 2020-2030
  • Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Commercial Vehicle for the Period 2020-2030
  • Historical Data and Forecast of India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume By Passenger Car for the Period 2020-2030
  • India Motor Vehicle Steering and Suspension Parts Import Export Trade Statistics
  • Market Opportunity Assessment By Types
  • Market Opportunity Assessment By Application
  • India Motor Vehicle Steering and Suspension Parts Top Companies Market Share
  • India Motor Vehicle Steering and Suspension Parts Competitive Benchmarking By Technical and Operational Parameters
  • India Motor Vehicle Steering and Suspension Parts Company Profiles
  • India Motor Vehicle Steering and Suspension Parts Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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 Motor Vehicle Steering and Suspension Parts Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, 2020 & 2030F

3.3 India Motor Vehicle Steering and Suspension Parts Market - Industry Life Cycle

3.4 India Motor Vehicle Steering and Suspension Parts Market - Porter's Five Forces

3.5 India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume Share, By Types, 2020 & 2030F

3.6 India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume Share, By Application, 2020 & 2030F

4 India Motor Vehicle Steering and Suspension Parts Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Motor Vehicle Steering and Suspension Parts Market Trends

6 India Motor Vehicle Steering and Suspension Parts Market, By Types

6.1 India Motor Vehicle Steering and Suspension Parts Market, By Types

6.1.1 Overview and Analysis

6.1.2 India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Types, 2020-2030F

6.1.3 India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Steering Components, 2020-2030F

6.1.4 India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Suspension Components, 2020-2030F

6.2 India Motor Vehicle Steering and Suspension Parts Market, By Application

6.2.1 Overview and Analysis

6.2.2 India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Commercial Vehicle, 2020-2030F

6.2.3 India Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Passenger Car, 2020-2030F

7 India Motor Vehicle Steering and Suspension Parts Market Import-Export Trade Statistics

7.1 India Motor Vehicle Steering and Suspension Parts Market Export to Major Countries

7.2 India Motor Vehicle Steering and Suspension Parts Market Imports from Major Countries

8 India Motor Vehicle Steering and Suspension Parts Market Key Performance Indicators

9 India Motor Vehicle Steering and Suspension Parts Market - Opportunity Assessment

9.1 India Motor Vehicle Steering and Suspension Parts Market Opportunity Assessment, By Types, 2020 & 2030F

9.2 India Motor Vehicle Steering and Suspension Parts Market Opportunity Assessment, By Application, 2020 & 2030F

10 India Motor Vehicle Steering and Suspension Parts Market - Competitive Landscape

10.1 India Motor Vehicle Steering and Suspension Parts Market Revenue Share, By Companies, 2023

10.2 India Motor Vehicle Steering and Suspension Parts Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All