India Automotive Components Market By Vehicle Type (PC, LCV, M&HCV, 2W, 3W, OTR), By Demand Category (OEM, Replacement), By Component Type (Engine parts, Body, Chassis, Suspension, Brakes, etc.), Competition, Forecast and Opportunities 2011-2021

  • Industry : Automotive
  • Pages : 145
  • Published Date : December, 2016
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Summary

Report Description

In 2015, India automotive industry contributed around 7% to the country’s total GDP. As per Organisation Internationale des Constructeurs d'Automobiles (OICA), motorization rate (includes passenger cars and commercial vehicles) in India increased from 20 per 1,000 inhabitants in 2013 to 22 per 1,000 inhabitants in 2014. However, automotive components market in the country witnessed a decline over the last couple of years, predominantly on account of currency fluctuations that negatively affected the country’s automotive industry. However, strong economic growth prospects, rising disposable income and expanding automobile fleet are expected to drive demand for automotive components in the country during the forecast period.

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According to TechSci Research report, “India Automotive Components Market By Vehicle Type, By Demand Category, By Component Type, Competition Forecast and Opportunities, 2011 - 2021”, automotive components market in India is estimated to cross US$ 44 billion in 2016. Passenger car segment accounted for the largest revenue share in the country’s automotive component market in 2015. The segment is anticipated to grow and maintain its dominance over the next five years as well, owing to increasing sales and expanding fleet size of passenger cars. “India Automotive Components Market By Vehicle Type, By Demand Category, By Component Type, Competition Forecast and Opportunities, 2011 - 2021” report elaborates following aspects of automotive components market in India:

  • India Automotive Components Market Size, Share & Forecast
  • Segmental Analysis – By Vehicle Type (Passenger Car, M&HCV, LCV, Two-Wheeler, Three-Wheeler and OTR), By Component Type (Engine Parts, Drive Transmission & Steering Parts, Body & Chassis; Electrical Parts, Suspension & Braking Parts, etc.), and By Demand Category (OEM vs Replacement)
  • Policy & Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

  • To gain an in-depth understanding of automotive components market in India
  • To identify the segment wise anticipated growth in the coming years
  • To help industry consultants, automotive component manufacturers, distributors and other stakeholders to align their market-centric strategies
  • To obtain research based business decisions and add weight to presentations and marketing materials
  • To gain competitive knowledge of leading players
  • To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research includes interviews with automotive component manufacturers, distributors and industry experts. Secondary research includes an exhaustive search of relevant publications such as company annual reports, financial reports and proprietary databases.

Table of content

.     Product Overview

2.     Research Methodology

3.     Analyst View

4.     India Automotive Component Market Outlook

4.1.   Market Size & Forecast

4.1.1. By Value

4.2.   Market Share & Forecast

4.2.1. By Vehicle Type (PC, LCV, M&HCV, Two-Wheeler, Three-Wheeler and OTR)

4.2.2. By Company

4.2.3. By Region

4.2.4. By Demand Category (OEM vs Replacement)

4.2.5. By Component (Engine parts, Body & Chassis, Suspension & brakes etc.)

5.     India Passenger Car Component Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value

5.2.   Market Share & Forecast

5.2.1. By Demand Category (OEM vs Replacement)

5.2.2. By Component (Engine Parts, Drive Transmission & Steering Parts, Body & Chasis, Electrical Parts, Suspension & Braking Parts, etc.)

6.     India Light Commercial Vehicle Component Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value

6.2.   Market Share & Forecast

6.2.1. By Demand Category (OEM vs Replacement)

6.2.2. By Component

7.     India Medium & Heavy Component Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value

7.2.   Market Share & Forecast

7.2.1. By Demand Category (OEM vs Replacement)

7.2.2. By Component (Engine Parts, Drive Transmission & Steering Parts, Body & Chasis, Electrical Parts, Suspension & Braking Parts, etc.)

8.     India Two-Wheeler Component Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value

8.2.   Market Share & Forecast

8.2.1. By Demand Category (OEM vs Replacement)

8.2.2. By Components

9.     India Three-Wheeler Component Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value

9.2.   Market Share & Forecast

9.2.1. By Demand Category (OEM vs Replacement)

9.2.2. By Components

10.  India OTR Component Market Outlook

10.1.    Market Size & Forecast

10.1.1.   By Value

10.2.    Market Share & Forecast

10.2.1.   By Demand Category (OEM vs Replacement)

10.2.2.   By Components

11.  Import-Export Analysis

12.  Market Dynamics

12.1.Drivers

12.2.Challenges

13.  Market Trends and Developments

13.1. Rising Automotive Sales

13.2. Increasing Imports from China and Germany

13.3. Increasing localization by OEMs

13.4. Unorganized Markets v/s Organized Markets

13.5. Expanding Fleet Size of Duel Fuel Passenger Cars

14.  Policy & Regulatory Landscape

15.  India Economic Profile

16.  Competitive Landscape

16.1. Bosch Limited

16.2. NGK Spark Plugs (India) Pvt. Ltd.

16.3. Federal-Mogul Goetze Limited

16.4. Denso India Limited

16.5. SPARK MINDA

16.6. Cummins India Ltd.

16.7. Asahi India Glass Ltd.

16.8. SUBROS LTD.

16.9. ANAND AUTOMOTIVE SYSTEMS LIMITED.

16.10.  BHARAT FORGE LIMITED

17.  Strategic Recommendations

Figures and Tables

Figure 1: India Automotive Components Market Size, By Value (USD Billion), 2011-2021F

Figure 2: India Automotive Components Market Share, By Vehicle Type, By Value, 2011-2021F

Figure 3: India Automotive Components Market Share, By Demand Category, By Value, 2011-2021F

Figure 4: India Automotive Components Market Share, By Component Type, By Value, 2015-2021F

Figure 5: India Automotive Components Market Share, By Organized vs Unorganized, By Value 2015

Figure 6: India Automotive Components Market Share, By Region, By Value, 2015 & 2021F

Figure 7: India Automotive Components Market Share, By Region, By Value, 2015-2021F

Figure 8: India Passenger Car Automotive Components Market Size, By Value, 2011-2021F (USD Billion)

Figure 9: India GNI Per Capita, 2010-2014 (USD)

Figure 10: India Passenger Car Automotive Components Market Share, By Demand Category, By Value 2011-2021F

Figure 11: India Passenger Car Automotive Components Market Share, By Component Type, By Value,

2015-2021F        

Figure 12: India Two-Wheeler Automotive Components Market Size, By Value, 2011-2021F (USD Billion)

Figure 13: India Two-Wheeler Automotive Components Market Share, By Demand Category, By Value 2011-2021F

Figure 14: India Two-Wheeler Automotive Components Market Share, By Component Type, By Value, 2015-2021F

Figure 15: India Three-Wheeler Automotive Components Market Size, By Value, 2011-2021F (USD Billion)

Figure 16: India Three-Wheeler Automotive Components Market Share, By Demand Category, By Value, 2011-2021F

Figure 17: India Three-Wheeler Automotive Components Market Share, By Component Type, By Value, 2015-2021F

Figure 18: India Light Commercial Vehicle Automotive Components Market Size, By Value, 2011-2021F (USD Billion)

Figure 19: India Light Commercial Vehicle Automotive Components Market Share, By Demand Category, By Value, 2011-2021F

Figure 20: India Light Commercial Vehicle Automotive Components Market Share, By Component Type, By Value, 2015 - 2021F

Figure 21: India Medium & Heavy Commercial Vehicle Automotive Components Market Size, By Value,2011-2021F (USD Billion)

Figure 22: India Medium & Heavy Commercial Vehicle Automotive Components Market Share, By Demand Category, By Value, 2011-2021F

Figure 23: India Medium & Heavy Commercial Vehicle Automotive Components Market Share, By Value, 2015-2021F

Figure 24: India Off-The-Road (OTR) Vehicle Automotive Components Market Size, By Value, 2011-2021F (USD Billion)

Figure 25: India Off-The-Road (OTR) Vehicle Automotive Components Market Share, By Demand Category, By Value 2011-2021F

 

List of Tables 

 

Table 1: India Vehicle Production, 2011–2015 (Units)

Table 2: India Vehicle Production, 2016E–2021F (Units)

Table 3: India Vehicle Sales, FY2012–FY2016 (Units)

Table 4: India Automotive Components Sales, By Demand Category, By Value, 2016–2021 (USD Billion)

Table 5: India Passenger Car & Commercial Vehicle Fleet Size, By Volume, 2011–2015 (Million Unit)

Table 6: India Automotive Components Market Size, By Components Type, By Value, 2015-2021F

(USD Billion)

Table 7: India Automotive Components Market Share, By Company, By Value 2015

Table 8: India Passenger Car Production and Sales, 2011–2015 (Units)

Table 9: India FDI Equity Inflows in Automobile Sector, FY2014–FY2016 (USD Million)

Table 10: India Passenger Car Production, 2016E–2021F (Units)

Table 11: India Two-Wheeler Production, 2011–2015 (Units)

Table 12: India Two-Wheeler Sales, FY2012–FY2016 (Units)

Table 13: India Two Wheeler Automotive Components Market Size, By Component Type, By Value, 2015-2021F (USD Billion)

Table 14: India Three-Wheeler Production, 2011–2015 (Units)

Table 15: India Three-Wheeler Sales, FY2012–FY2016 (Units)

Table 16: India Three-Wheeler Sales, FY2017E–FY2022F (Units)

Table 17: India Three-Wheeler Automotive Components Market Size, By Demand Category, By Value, 2016E–2021F (USD Billion)

Table 18: India Three Wheeler Automotive Components Market Size, By Component Type, By Value, 2015-2021F (USD Billion)

Table 19: India Light Commercial Vehicle Production, 2011–2015 (Units)

Table 20: India Light Commercial Vehicle Sales, 2011–2015 (Units)

Table 21: India Light Commercial Vehicle Production, 2016E–2021F (Units)

Table 22: India Light Commercial Vehicle Sales, 2016E–2021F (Units)

Table23: India Light Commercial Vehicle Automotive Components Market Size, By Demand Category, By Value, 2016E–2021F (USD Billion)

Table 24: India Light Commercial Automotive Components Market Size, By Component Type, By Value, 2015-2021F (USD Billion)

Table 25: India Medium & Heavy Commercial Vehicle Production, 2011–2015 (Units)

Table 26: India Medium & Heavy Commercial Vehicle Sales, 2011–2015 (Units)

Table 27: India FDI Equity Inflows in Construction Sector, FY2013–FY2016 (USD Million)

Table 28: India Medium & Heavy Commercial Vehicle Production, 2016E–2021F (Units)

Table 29: India Medium & Heavy Commercial Vehicle Sales, 2016E–2021F (Units)

Table 30: India List of Prominent Highway Projects, By Length, State and Project Award Date

Table 31: India Medium & Heavy Automotive Components Commercial Vehicle Components Market Size By, Demand, By Value 2016E–2021F (USD Billion)

Table 32: India Medium & Heavy Commercial Automotive Components Market Size, By Component Type, By Value, 2015-2021F (USD Billion)

Table 33: India Off-The-Road (OTR) Vehicle Production, 2011–2015 (Units)

Table 34: India Off-The-Road (OTR) Vehicle Sales, 2011–2015 (Units)

Table 35: India List of Major Mining Projects, By Type, Location and Expected Annual Capacity

Table 36: India Sectorial Growth Rate, By Five Year Plan

Table 37: India Off–The–Road Vehicle Automotive Components Market Size, By Demand Category, By Value, 2016E–2021F (USD Billion)

Table 38: India Off–The-Road Automotive Components Market Size, By Component, By Value, 2015-2021F (USD Billion)

Table 39: India Automobile Imports, By Value, FY 2010-2015 (USD Billion)

Table 40: India Automobile Exports, By Value, FY 2010-2015 (USD Billion)

Table 41: India Vehicle Sales, 2015–2021F (Million Units)

Table 42: India Automotive Component Imports, By Source Country, By Value (USD Million)

Table 43: India Import Duties on Automotive Components, By HS Code, 2015

Table 44: India’s Major Trade Agreements, 2015

Frequently asked questions

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The market size of the India Automotive Components Market was estimated to be USD 56 Billion in 2023.

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In 2023, the dominant segment by vehicle type in the India Automotive Components Market was passenger vehicles. This segment showed substantial growth due to the increased demand for personal transportation and the rising middle class's disposable income.

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In the Indian automotive components market, the Northern region, specifically states like Haryana and Punjab, has consistently dominated due to their high production capacity and the significant presence of automobile manufacturers. These areas host several major auto component industries that cater to both domestic and international car manufacturers, thus playing a pivotal role in the overall growth of the Indian automotive components market.

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The major drivers for the India Automotive Components Market are robust growth in the automobile sector and increasing demand for technologically advanced and eco-friendly components, driven by regulatory requirements and consumer preferences.

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