Automotive Component Aftermarket Industry In India: Market Share, Size, Trends, Demand, Segmentation (By Components, By Vehicle Type, By End Users Type, By Distribution Channels, By Regions)

India Automotive Component Aftermarket Industry Outlook 2017-2025

Market Overview

The impulsive progression in India’s automotive market has captured the attention and focus of the world’s leading automobile and component manufacturers over the last decade. Rising working population & growing middle class are anticipated to remain key growth drivers for the automotive industry in the country. Further, the government’s initiatives for e-mobility are expected to attract new market players in the Indian automotive industry which is likely to expand the automotive industry growth. There has been a gradual shift in the development of India’s automotive aftermarket. Goldstein Research has commenced several recent projects to help automotive industry players to adopt and develop the precise strategies to effectively capture the India aftermarket opportunities. Further, India is developing as a global hub for auto component sourcing and its geographical location has provided the advantage to expand its export base to South East Asian countries and the Middle East & Africa region. However, the presence of a large number of unorganized market players is eh key factor for the stagnant automotive aftermarket growth. India is the largest tractors market and second largest two-wheelers market which holds the largest growth opportunities for the market players. Automotive component aftermarket revenue of India region accounted for approximately USD 7.4 billion in 2017. Further, the automotive component aftermarket industry is likely to expand at a CAGR of 10.1% over the forecast period i.e.2017-2025. The industry has been driven by robust growth in the domestic market and growing globalization (including exports) of several Indian suppliers.

India Automotive Component Aftermarket Market Segmentation

By Components

• Wear-and-Tear Parts
• Crash-Relevant Parts
• Accessories and Appearance Products

Based on the after-market automotive aftermarket components, wear-and-tear parts accounted for the largest revenue share of more than 68% in automotive aftermarket industry. Moreover, wear-and-tear segment is expected to be the fastest growing segment during the forecast period which is likely to expand at a CAGR of +9% over the forecast period owing to growing automotive sales across the country.

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Two/Three Wheelers

By End Users Type

• Independent Workshops
• Automotive OEM Workshop

By Distribution Channels

• Offline Distribution Channel
• Online Distribution Channel

Based On Geography

• Tier-I Cities Automotive Aftermarket Industry
• Tier-II Cities Automotive Aftermarket Industry
• Tier-III Cities Automotive Aftermarket Industry

Covered In This India Automotive Component Aftermarket Industry Report                                                                                                                  

The report covers the present ground scenario and the future growth prospects of the automotive component aftermarket for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major countries. India automotive component aftermarket market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

India Automotive Component Aftermarket Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the India automotive component aftermarket industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “India Automotive Component Aftermarket Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our India Automotive Component Aftermarket Industry Report comprises of the following companies as the key players: Tata Auto Component Systems, Minda Industries Limited, 3M, Continental AG, Delphi Automotive PLC, Exide Technologies, Denso Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, COOPER TIRE & RUBBER COMPANY and Robert Bosch GmbH.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this India Automotive Component Aftermarket Industry Report

• What is the total market size by 2025 and what would be the expected growth rate of the market?

• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?

• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for the automotive aftermarket industry
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the automotive aftermarket industry’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy, and prospects