India Engine Valves and Parts Market Outlook to 2022
Organized Sector will Continue to Penetrate the Market in the Future
July 2017
109
About the Report
About the Report
India engine valves and parts market generated revenue worth INR ~ million in FY'2017 exhibiting a five-year CAGR of ~% from FY'2012 to FY'2017. The market for sales bounced back at INR ~ million in FY'2015 after registering a decline of (~%) and (~%) in FY'2013 and FY'2014, respectively due to decrease in sales of three-wheelers and passenger and commercial vehicles, collectively. India is poised to be one of the fastest-growing engine valves and parts markets worldwide, thus catering to the needs of both global and domestic players such as OEMs and aftermarket. Substantial investments were proposed in the automotive, sector in the 12th five-year plan (FY'2012-FY'2017) and were one of the major driving forces responsible for the growth of engine valves and parts market in India.
Original Equipment Manufacturers (OEMs) dominate the purchase volumes of engine valves and parts with revenue share worth ~% in FY'2017. The aftermarket parts in India are usually less expensive in comparison with OEM parts. The aftermarket companies reverse engineer a particular part in order to handle its weaknesses.
The organized sector caters to the need of OEMs, thus dominating the India engine valves and parts market with revenue share worth ~% in FY'2017. On the other hand, the unorganized sector made its presence felt in the market by capturing revenue share worth ~% in FY'2017 by fulfilling the needs of the aftermarket coupled with increasing replacement demand of valves and spare parts in the sector.
Valves have a mammoth share worth ~% in revenue generated from the sale of engine valves and parts in FY'2017. On the other hand, valve guides were ranked second in the market with revenue share worth ~% majorly due to the high demand for motorcycle engine valves in India engine valves and parts market in FY'2017. At last, tappets were able to capture a minimum revenue share of ~% in FY'2017.
Based on the type of vehicles, engine valves and parts market can be classified into two-wheelers, passenger and commercial vehicles, LCV and HCV and others. The passenger and commercial vehicles segment dominated with revenue share worth ~% in FY'2017 owning to the development of valve actuation technologies to optimize control of engine airflow. Two-wheelers segment was witnessed to generate ~% revenue share in FY'2017 majorly due to the increasing demand for mobility in India. The remaining share of ~% was collectively captured by LCV, HCV and other vehicles.
Based on the type of valves; engine valves and parts market can be classified into rotary, sleeve and poppet valves. The rotary valve segment dominated the India engine valve and parts market by capturing a revenue share of ~% in FY'2017.
Over the forecast period, India engine valves and parts market will prepare itself to meet the future demand expected from the substantial investment proposed in key segments such as the automotive and industrial sectors. Initiatives are taken by the Ministry of Petroleum & Natural Gas to introduce CNG as a fuel source for two-wheelers to curb rising air pollution in India, thus leading to an increase in demand for fuel emission control valves for two-wheelers.
- India Engine Valves and Parts Market Overview and Genesis
- Value Chain Analysis of India Engine Valves and Parts Market
- India Engine Valves and Parts Market Size
- India Engine Valves and Parts Market Segmentation
- End-User Analysis For Buying Engine Valves And Parts In India
- Trade Scenario for Engine Valves in India
- Trends And Development In India Engine Valves and Parts Market
- Issues and challenges in India Engine Valves and Parts market
- Porter's Five Forces Analysis in India Engine Valves and Parts Market
- Market Share of Major Players in India Engine Valves and Parts Market
- Company Profile of Major Players in India Engine Valves and Parts Market
- India Engine Valves and Parts Market Future Outlook and Projections
- Analyst Recommendations
- Macro Factors Affecting India Engine Valves and Parts Market
Products
Products
Engine Valves, Guides and Tappets, automotive segment and non-automotive segment, rotary valve, poppet valve and sleeve valve
Companies
Rane Engine Valve Limited, Shriram Pistons and Rings Limited, Varroc Group, Federal-Mogul Powertrain, Eaton
Table of Contents
Table of Contents
1. Executive Summary
Country Overview
India Engine Valves and Parts Market Overview and Revenue
Market Segmentation
Trade Scenario of India Engine Valves and Parts Market
Trends and Development
Issues and Challenges
Future Outlook and Projections
2. Research Methodology
2.1. Market Definition and Size
2.2. Abbreviations
2.3. Market Size and Modeling
Research Methodology
Market Sizing Approach
Variables Dependent And Independent
Multifactor Based Sensitivity Model
Limitations
Conclusion
3. India Engine Valves and Parts Market Overview and Genesis
4. Value Chain Analysis of India Engine Valves and Parts Market
4.1. Major Entities Involved in Value Chain
4.2. Major Problem in Value Chain
5. India Engine Valves and Parts Market Size
5.1. India Engine Valves and Parts Market Size by Revenue, FY'2012- FY'2017
6. India Engine Valves and Parts Market Segmentation
6.1. By OEM and Aftermarket, FY'2017
6.2. By Market Structure, FY'2017
6.3. By Type of Engine Valves and Parts, FY'2017
6.4. By Automotive Sector, FY'2017
6.4.1. By Type of Vehicles, FY'2017
6.5. By Type of Valves, FY'2017
7. End User Analysis for Buying Engine Valves and Parts in India
7.1. Decision Making Parameters OEM consider before purchasing Engine Valves
8. Trade Scenario for Engine Valves in India
8.1. Export of India Engine Valves and Parts, FY'2011-FY'2016
8.1.1. BY Export Value, FY'2011-FY'2016
8.1.2. By Major Destination (Spark Ignition Engine), FY'2015-FY'2016
8.1.3. By Major Destination (Compression Engine), Fy'2015-FY'2016
8.2. Import of India Engine Valves and Parts, FY'2011-FY'2016
8.2.1. By Import Value, FY'2011-FY'2016
8.2.2. By Major Destination (Spark Ignition Engine), Fy'2015-FY'2016
8.2.3. By Major Destination (Compression Engine), FY'2015-FY'2016
9. Trends and Developments in Engine Valves and Parts in India
9.1. Switch from Solid Valves to Hollow Valves
9.2. Rising Demand for Titanium Valves
9.3. Valves for CNG (Fuel) Based Cars and Two Wheelers
10. Issues and Challenges in Engine Valves and Parts Market in India
10.1. Cut Throat Competition in Unorganized Market
10.2. Increasing Raw Material Cost
10.3. Poor Supply Chain Management
10.4. High Defects
11. Porter Five Forces Analysis in India Engine Valves and Parts Market
12. Market Share for Major Players in India Organized Engine Valves and Parts Market, FY'2016-FY'2017
13. Competitive Scenario in Organized and Unorganized sector in India Engine Valves and Parts Market
14. Company Profile of Major Players In India Engine Valves and Parts Market
14.1. Rane Engine Valve Limited
14.2. Shriram Pistons and Rings Limited
14.3. Varroc Group
14.4. Federal-Mogul Powertrain
14.5. Eaton
15. India Engine Valves and Parts Market Future Outlook and Projections, FY'2018-FY'2022
15.1. By Revenues, FY'2018-FY'2022
15.2. By Type of Vehicles, FY'2022
16. Analyst Recommendations
17. Macroeconomic Factors Affecting India Engine Valves and Parts Market
17.1. Two Wheeler Production, FY'2012-FY'2022
17.2. Three Wheeler Production, FY'2012-FY'2022
17.3. Passenger and Commercial Vehicles, FY'2012-FY'2022
17.4. India Used Car Sales, FY'2012-FY'2022
17.5. Aluminium Prices, FY'2012-FY'2022
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List of Figure
Figure 1-1: Flow Chart for India Engine Valves and Parts Market
Figure 4-1: Value Chain Analysis of India Engine Valves and Parts Market
Figure 5-1: India Engine Valves and Parts Market Size on the Basis of Revenue in INR Million, FY'2012-FY'2017
Figure 6-1: India Engine Valves and Parts Market Segmentation by OEM and Aftermarket on the Basis of Revenue in INR Million in Percentage, FY'2017
Figure 6-2: India Engine Valves and Parts Market Segmentation by Market Structure (Organized Sector and Unorganized Sector) on the Basis of Revenue in Percentage, FY'2017
Figure 6-3: India Engine Valves and Parts Market Segmentation by Type of Engine Valves and Parts (Valves, Guides, Tappets and Others) on the Basis of Revenue in Percentage (%), FY'2017
Figure 6-4: India Engine Valves and Parts Market Segmentation by Deployment (Automotive and Non Automotive) on the Basis of Revenue in Percentage, FY'2017
Figure 6-5: India Engine Valves and Parts Market Segmentation by Type of Vehicles (Passenger and Commercial Vehicles, Two Wheelers, LCV and HCV and Others) on the Basis of Revenue in Percentage, FY'2017
Figure 6-6: India Engine Valves and Parts Market Segmentation by Type of Valves on the Basis of Revenue in Percentage (%), FY'2017
Figure 8-1: Export of Engine Valves and Parts in India on the Basis of Value in INR Million, FY'2011-FY'2016
Figure 8-2: Export Value of Spark Ignition Engine Valves, Inlets and Exhaust on the Basis of Major Destination (Italy, US, Austria, Poland, Germany and Others) in Percentage, FY'2015-FY'2016
Figure 8-3: Export Value of Compression Engine Valves, Inlets and Exhaust on the Basis of Major Destination (US, UK, Spain, Italy, Iran and Others) in Percentage, FY'2015-FY'2016
Figure 8-4: Import of Engine Valves and Parts in India on the Basis of Value in INR Million, FY'2011-FY'2016
Figure 8-5: Import Value of Spark Ignition Engine Valves, Inlets and Exhaust on the Basis of Major Destination (Thailand, Indonesia, South Korea, China PRC, Japan and Others) in terms of Import Value in Percentage, FY'2015-FY'2016
Figure 8-6: Import Value of Compression Engine Valves, Inlets and Exhaust on the Basis of Major Destination (China PRC, France, Japan, US, Korea and Others) in Import Value in Percentage, FY'2015-FY'2016
Figure 10-1: Proportion of Type of Defects (Fatigue, High Temperature, Erosion-Corrosion and Wear and Tear) in Engine Valves and Parts in India Engine Valves and Parts Market
Figure 11-1: Porter's Five Forces Analysis for India Engine Valves and Parts Market
Figure 12-1: India Organized Engine Valves and Parts Market Share by Major Players (Rane Engines Valves Limited, Shriram Pistons, Varroc Group, Federal Mogul, Eaton and Others) on the Basis of Revenue in Percentage, FY'2016-FY'2017
Figure 13-1: Aftermarket Structure for Parts Supplied in Unorganized Sector of India Engine Valves and Parts Market
Figure 13-2: OEM Aftermarket Structure for Parts Supplied in Organized Sector of India Engine Valves and Parts Market
Figure 14-1: Financial Performance of Rane Engine Valve Limited on the Basis of Revenue in terms of INR Million, FY'2012-FY'2016
Figure 14-2: Financial Performance of Rane Engine Valve Limited by Type of Product (Valves, Guides and Tappets) on the Basis of Revenue in terms of Percentage, FY'2012-FY'2016
Figure 14-3: Financial Performance of Shriram Pistons and Rings Limited from Engine Valves and Parts on the Basis of Revenue in INR Million, FY'2015-FY'2017
Figure 14-4: Financial Performance of Varroc Group by Revenue Generated from Sales of Engine Valve and its Parts in terms of INR Million, FY'2016-FY'2017
Figure 14-5: Financial Performance of Varroc Group from Sales of Engine Valve and its Part by Vehicle Type (Two Wheelers, Four Wheelers and Three Wheelers) in terms of Revenue in Percentage (%), FY'2017
Figure 14-6: Financial Performance of Varroc Group from Sales of Engine Valve and its Part by Domestic Sales and Export Values in terms of Revenue in Percentage (%), FY'2017
Figure 14-7: Financial Performance of Federal-Mogul Powertrain in India Engine Valves and Parts Market by User Segment (OEM and Aftermarket) in terms of Revenue in Percentage, FY'2017
Figure 14-8: Financial Performance of Federal-Mogul Powertrain in India Engine Valves and Parts Market on the Basis of Revenue in INR Million, FY'2017
Figure 15-1: India Engine Valves and Parts Market Projected Future Outlook on the Basis of Revenues in INR Million, FY'2018-FY'2022
Figure 15-2: India Automotive Engine Valves and Parts Market Projected Future Outlook By Vehicle Type (Passenger and Commercial Vehicles, Two Wheelers, LCV and HCV and Others) on the Basis of Revenues in Percentage (%), FY'2022
Figure 17-1: India Two Wheeler Production Market in terms of Million Units, FY'2012-FY'2022
Figure 17-2: India Three Wheeler Production Market in terms of Units, FY'2012-FY'2022
Figure 17-3: India Passenger and Commercial Vehicles' Production Market in terms of Million Units, FY'2012-FY'2022
Figure 17-4: India Used Car Sales Market in terms of Million Units, FY'2012-FY'2022
Figure 17-5: Aluminium Prices in India in terms of INR/Ton, FY'2012-FY'2022
List of Table
Table 2-1: Correlation Matrix of India Engine Valves and Parts Market
Table 2-2: Regression Coefficients Output of India Engine Valves and Parts Market
Table 3-1: Market Evolution, Overview and Structure and Emerging Market Trends for India Engine Valves and Parts Market
Table 4-1: Challenges in Value Chain in India Engine Valves and Parts Market
Table 5-1: India Engine Valves and Parts Market Size on the Basis of Revenue in INR Million and Rationale, FY'2012-FY'2017
Table 6-1: India Engine Valves and Parts Market Segmentation by OEM and Aftermarket on the Basis of Revenue in INR Million and Rationale, FY'2017
Table 6-2: India Engine Valves and Parts Market Segmentation by Market Structure (Organized Sector and Unorganized Sector) on the Basis of Revenue in INR Million and Rationale, FY'2017
Table 6-3: India Engine Valves and Parts Market Segmentation by Type of Engine Valves and Parts (Valves, Guides, Tappets and Others) on the Basis of Revenue in INR Million and Rationale, FY'2017
Table 6-4: India Engine Valves and Parts Market Segmentation by Deployment (Automotive and Non Automotive) on the Basis of Revenue in INR Million and Rationale, FY'2017
Table 6-5: India Automotive Engine Valves and Parts Market Segmentation by Type of Vehicles (Passenger and Commercial Vehicles, Two Wheelers, LCV and HCV and Others) on the Basis of Revenue in INR Million and Rationale, FY'2017
Table 6-6: Growth Frontiers of Major Segments in India Automobile Industry on the Basis of Sales Volume in Units, FY'2011 and FY'2017
Table 6-7: India Engine Valves and Parts Market Segmentation by Type of Valves (Rotary Valve, Poppet Valve and Sleeve Valve) on the Basis of Revenue in INR Million and Rationale, FY'2017
Table 7-1: Decision Making Parameters OEM Consider before purchasing Engine Valves in India Engine Valves and Parts Market
Table 8-1: List of Indian Companies (including their Products) Exporting Engine Valves and Parts to Foreign Countries
Table 8-2: Export of Engine Valves and Parts in India on the Basis of Value in INR Million, FY'2011-FY'2016
Table 8-3: Export Value of Spark Ignition Engine Valves, Inlets and Exhaust on the Basis of Major Destination (Italy, US, Germany and Others) and Rationale, FY'2015-FY'2016
Table 8-4: Export Value of Spark Ignition Engine Valves, Inlets and Exhaust on the Basis of Major Destination (Italy, US, Austria, Poland, Germany and Others) in INR Million, FY'2015-FY'2016
Table 8-5: Export Value of Compression Engine Valves, Inlets and Exhaust on the Basis of Major Destination (US, UK, Iran and Others) and Rationale, FY'2015-FY'2016
Table 8-6: Export Value of Compression Engine Valves, Inlets and Exhaust on the basis of Major Destination (US, UK, Spain, Italy, Iran and Others) in INR Million, FY'2015-FY'2016
Table 8-7: Import of Engine Valves and Parts in India on the Basis of Value in INR Million, FY'2011-FY'2016
Table 8-8: Import Value of Spark Ignition Engine Valves, Inlets and Exhaust on the Basis of Major Destination (Thailand, Indonesia, South Korea and Others) and Rationale, FY'2015-FY'2016
Table 8-9: Import Value of Spark Ignition Engine Valves, Inlets and Exhaust on the Basis of Major Destination (Thailand, Indonesia, South Korea, China PRC, Japan and Others) in INR Million, FY'2015-FY'2016
Table 8-10: Import Value of Compression Engine Valves, Inlets and Exhaust on the Basis of Major Destination (China PRC, France, US and Others) and Rationale, FY'2015-FY'2016
Table 8-11: Import value of Compression Engine Valves, Inlets and Exhaust on the Basis of Major Destination in INR Million, FY'2015-FY'2016
Table 10-1: List of Engine Valve Manufacturers in Unorganized Sector in India Engine Valves and Parts Market
Table 11-1: Porter's Five Forces Analysis for India Engine Valves and Parts Market
Table 12-1: Market Share by Major Players (Rane Engines Valves Limited, Shriram Pistons, Varroc Group, Federal Mogul, Eaton and Others) in India Organized Engine Valves and Parts Market and Rationale on the Basis of Revenues, FY'2016-FY'2017
Table 12-2: Market Share by Major Players (Rane Engines Valves Limited, Shriram Pistons, Varroc Group, Federal Mogul, Eaton and Others) in India Organized Engine Valves and Parts Market on the Basis of Revenue in INR Million, FY'2016-FY'2017
Table 13-1: Competitive Scenario in Organized and Unorganized Sector in India Engine Valves And Parts Market Including OEM/Aftermarket, Revenues, Major Clients, Production Plants and Type of Engine Valves
Table 14-1: Company Profile of Rane Engine Valve Limited Including Company Overview, Business Strategies, USP, Technological Partners, Revenues, Revenues Split by Type of Engine Valves and Parts, Revenues Split by Vehicle Type, Revenues Split by User Segment, Production Plants and Production Capacity, Key Customers and Number of Employees
Table 14-2: Financial Performance of Rane Engine Valve Limited by Type of Product (Valves, Guides and Tappets) on the Basis of Revenue in terms of INR Million, FY'2012-FY'2016
Table 14-3: Product Specification Including Type of Product (Engine Valves, Valve Guides and Mechanical Tappets); Dimension, Material and Special Features of Engine Valves, Guides and Tappets from Rane Engine Valve Limited
Table 14-4: Company Profile of Shriram Pistons and Rings Limited Including Company Overview, Business Strategies, USP, Technological Partners, Revenues, Production Plants and Manufacturing Facilities, Key Customers and Number of Employees
Table 14-5: Company Profile of Varroc Group Including Company Overview, Business Strategies, USP, Technological Divisions, Revenues, Geographical Boundaries, Revenues Split by Vehicle Type, Revenues Split by User Segment, Production Plants and Production Capacity, Key Customers and Most preferred Supplier
Table 14-6: Company Profile of Federal-Mogul Powertrain Including Company Overview, Business Strategies, USP, Technological Solutions, Revenues, Revenues Split by User Segment, Production Plants and Production Capacity, Key Customers and Supplier Overview
Table 14-7: Product Matrix Including Product Name, Markets and Applications of Engine Valve and Parts from Federal-Mogul Powertrain
Table 14-8: Company Profile of Eaton Including Company Overview, Business Strategies, USP, Revenues, Revenues Split by Geography, Revenues Split by Vehicle Type, Revenues Split by User Segment, Production Plants and Production Capacity, Key Customers and Number of Employees
Table 14-9: Product Matrix of Eaton Including Benefits and Applications on the Basis of Type of Product (Variable Valve Lift, Valve Actuation and Solid and Hollow Valves)
Table 15-1: India Engine Valves and Parts Market Projected Future Outlook and Rationale on the Basis of Revenues in INR Million, FY'2018-FY'2022
Table 15-2: New Car Launches Including Model, Type of Car Segment, Expected Price and Expected Launch Date in India, FY'2017-FY'2018
Table 15-3: India Automotive Engine Valves and Parts Market Projected Future Outlook By Vehicle Type (Passenger and Commercial Vehicles, Two Wheelers, LCV and HCV and Others) on the Basis of Revenues in INR Million, FY'2022
Table 16-1: Recommendation for India Engine Valve and Parts Market
Table 17-1: India Two Wheeler Production Market in terms of Million Units and Rationale, FY'2012-FY'2022
Table 17-2: India Three Wheeler Production Market in terms of Units and Rationale, FY'2012-FY'2022
Table 17-3: India Passenger and Commercial Vehicles' Production Market in terms of Million Units and Rationale, FY'2012-FY'2022
Table 17-4: India Used Car Sales Market in terms of Million Units and Rationale, FY'2012-FY'2022
Table 17-5: Aluminium Prices in India in terms of INR/Ton and Rationale, FY'2012-FY'2022
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