Product Code: ETC11220366 | Publication Date: Apr 2025 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India Two-Wheeler Components market is a dynamic and rapidly growing sector driven by the country`s large two-wheeler industry. The market encompasses a wide range of components such as engines, chassis, transmission systems, electrical parts, and more, catering to both domestic demand and exports. Factors influencing the market include increasing disposable income, urbanization, and a growing preference for two-wheelers for daily commute. Key players in the market include Bajaj Auto, Hero MotoCorp, TVS Motor Company, and others. With government initiatives promoting electric vehicles and sustainability, there is a shift towards the production of eco-friendly components in line with global trends. The market is expected to witness further growth and innovation as manufacturers focus on technology advancements and enhancing product quality to meet evolving consumer demands.
The India Two-Wheeler Components Market is experiencing several key trends. Firstly, there is a growing demand for electric two-wheeler components due to increasing environmental awareness and government incentives for electric vehicle adoption. Secondly, there is a shift towards lightweight materials such as carbon fiber and aluminum to improve fuel efficiency and performance. Additionally, the market is witnessing a rise in the adoption of advanced technologies like IoT and AI for enhanced connectivity and safety features in two-wheelers. Lastly, aftermarket sales of components are increasing as consumers look for cost-effective ways to maintain and upgrade their two-wheelers. Overall, these trends indicate a dynamic and evolving market with opportunities for both traditional and innovative component manufacturers.
The India Two-Wheeler Components Market faces several challenges, including intense competition among suppliers, fluctuating raw material prices, and changing regulatory requirements. The market is highly fragmented, with numerous small and medium-sized manufacturers vying for market share, leading to pricing pressures and reduced profit margins. Additionally, the sector is vulnerable to economic fluctuations and consumer preferences, making demand forecasting and inventory management challenging for industry players. The increasing focus on sustainability and emission norms also pose challenges for component manufacturers to develop innovative and eco-friendly products while maintaining cost-efficiency. Overall, navigating these challenges requires companies in the India Two-Wheeler Components Market to adapt quickly, invest in research and development, and build strong partnerships to stay competitive in this dynamic industry.
The India Two-Wheeler Components Market offers promising investment opportunities due to the country`s strong demand for two-wheeler vehicles. With a large population and increasing disposable income levels, the market for two-wheelers is expected to grow significantly in the coming years. This growth will drive the demand for two-wheeler components such as engines, brakes, tires, and electrical systems. Investing in companies that manufacture or supply these components can be a lucrative opportunity. Additionally, as the Indian government focuses on promoting electric vehicles, there is a growing market for electric two-wheelers and their components, presenting another avenue for investment in this sector. Overall, the India Two-Wheeler Components Market offers attractive investment prospects driven by the country`s growing two-wheeler industry and evolving consumer preferences.
The Indian government has implemented several policies to promote the growth of the Two-Wheeler Components Market. These include the National Automotive Testing and R&D Infrastructure Project (NATRiP) to enhance testing and R&D capabilities, the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme to incentivize the production and adoption of electric two-wheelers, and the Make in India initiative to boost domestic manufacturing. Additionally, the government has imposed stricter emission norms such as BS-VI standards to improve air quality and promote the development of cleaner and more fuel-efficient components. These policies aim to drive innovation, investment, and competitiveness in the Two-Wheeler Components Market while also aligning with broader sustainability and economic development goals.
The future outlook for the India Two-Wheeler Components Market appears promising, driven by several factors such as increasing urbanization, rising disposable incomes, and a growing demand for affordable and fuel-efficient transportation options. The government`s focus on promoting electric vehicles and sustainable mobility solutions is also expected to drive growth in the market. Additionally, the shift towards digitalization and technological advancements in the automotive industry are likely to create opportunities for innovation and development of advanced two-wheeler components. With a large domestic market and a strong manufacturing base, the India Two-Wheeler Components Market is poised for steady growth in the coming years, attracting investments and fostering collaborations to meet the evolving needs of the industry and consumers.
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 Two-Wheeler Components Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Two-Wheeler Components Market Revenues & Volume, 2021 & 2031F |
3.3 India Two-Wheeler Components Market - Industry Life Cycle |
3.4 India Two-Wheeler Components Market - Porter's Five Forces |
3.5 India Two-Wheeler Components Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Two-Wheeler Components Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 India Two-Wheeler Components Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Two-Wheeler Components Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 India Two-Wheeler Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Two-Wheeler Components Market Trends |
6 India Two-Wheeler Components Market, By Types |
6.1 India Two-Wheeler Components Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Two-Wheeler Components Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 India Two-Wheeler Components Market Revenues & Volume, By Engine Parts, 2021 - 2031F |
6.1.4 India Two-Wheeler Components Market Revenues & Volume, By Chassis Parts, 2021 - 2031F |
6.1.5 India Two-Wheeler Components Market Revenues & Volume, By Brake Parts, 2021 - 2031F |
6.1.6 India Two-Wheeler Components Market Revenues & Volume, By Electrical Components, 2021 - 2031F |
6.2 India Two-Wheeler Components Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 India Two-Wheeler Components Market Revenues & Volume, By Aluminum, 2021 - 2031F |
6.2.3 India Two-Wheeler Components Market Revenues & Volume, By Steel, 2021 - 2031F |
6.2.4 India Two-Wheeler Components Market Revenues & Volume, By Composite, 2021 - 2031F |
6.2.5 India Two-Wheeler Components Market Revenues & Volume, By Copper, 2021 - 2031F |
6.3 India Two-Wheeler Components Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Two-Wheeler Components Market Revenues & Volume, By Powertrain Systems, 2021 - 2031F |
6.3.3 India Two-Wheeler Components Market Revenues & Volume, By Frame and Body, 2021 - 2031F |
6.3.4 India Two-Wheeler Components Market Revenues & Volume, By Braking System, 2021 - 2031F |
6.3.5 India Two-Wheeler Components Market Revenues & Volume, By Ignition and Lighting, 2021 - 2031F |
6.4 India Two-Wheeler Components Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 India Two-Wheeler Components Market Revenues & Volume, By Motorcycles, 2021 - 2031F |
6.4.3 India Two-Wheeler Components Market Revenues & Volume, By Scooters, 2021 - 2031F |
6.4.4 India Two-Wheeler Components Market Revenues & Volume, By Electric Two-Wheelers, 2021 - 2031F |
6.4.5 India Two-Wheeler Components Market Revenues & Volume, By Performance Bikes, 2021 - 2031F |
7 India Two-Wheeler Components Market Import-Export Trade Statistics |
7.1 India Two-Wheeler Components Market Export to Major Countries |
7.2 India Two-Wheeler Components Market Imports from Major Countries |
8 India Two-Wheeler Components Market Key Performance Indicators |
9 India Two-Wheeler Components Market - Opportunity Assessment |
9.1 India Two-Wheeler Components Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Two-Wheeler Components Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 India Two-Wheeler Components Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Two-Wheeler Components Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 India Two-Wheeler Components Market - Competitive Landscape |
10.1 India Two-Wheeler Components Market Revenue Share, By Companies, 2024 |
10.2 India Two-Wheeler Components Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |