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Indian Auto Components Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMAU21489

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Published on

October 2021

Total pages

280

Table of Content

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About the Report

About the Report

During 2020, the Indian auto component industry witnessed a decline in sales by 11.7% to USD 49.3 billion, compared to USD 57.0 billion in 2019. However, the overall automotive sector is expected to witness steady growth post 2021 period on account of reopening of the market post Covid-19 pandemic, rising investment from the OEMs and increasing demand for Indian manufactured products in the overseas market. Under the auto component market passenger vehicle segment dominated the market, followed by 2-wheeler and Medium and heavy commercial vehicles, light commercial vehicle, tractors, 3-wheelers and earth moving equipment. Domestic OEM supplies in the Indian auto component sector contributed more than 55% of the industry sales, followed by exports (25%) and domestic aftermarket sales (20%) in the FY2021.

Based on product, the Indian Auto Component Market is segmented into Drive Transmission & Steering, Engine Components, Suspension & Braking, Electrical and Electronic Components, Consumables, Cooling System, Rubber Components. In 2020, Drive Transmission and Steering segment dominated the market accounting for more than 1/5th of the market. Engine Components and Electrical and Electronic Components were the other major revenue generating segment in 2020.

Based on vehicle type, the Indian Auto Component Market is divided into Passenger Vehicles, 2-Wheeler, Medium and Heavy Commercial Vehicles, Light Commercial Vehicles, Tractors, 3-Wheeler, Earth Moving Equipment. Currently Passenger Vehicles dominated the market with more than 45% share, followed by 2-wheeler and Medium and Heavy Commercial Vehicles.

Based on market type, the market is bifurcated into Supplies to OEMs, Aftermarket, Export. In 2020, auto component was majorly driven by the increased demand from the automotive OEMs. Aftermarket sales of auto component accounted for more than 20% share in 2020.

For a better understanding of the market of the auto component sales in India, the report is analyzed based on different Indian regions including India (Northern India, Southern India, Eastern India, Western India, Central India). Currently Northern India dominated the market for auto component in India.

Some of the major players operating in the market include Minda Industries Ltd., Craftsman Automation and Rolex Rings Ltd., WABCO India Ltd., Endurance Technologies Ltd., Bosch Ltd., Varroc Engineering Ltd., Sundaram Clayton Ltd., Motherson Sumi Systems Limited (MSSL), Bharat Forge, Toyota Kirloskar Motors etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

Products


Companies

Minda Industries Ltd., Craftsman Automation and Rolex Rings Ltd., WABCO India Ltd., Endurance Technologies Ltd., Bosch Ltd., Varroc Engineering Ltd., Sundaram Clayton Ltd., Motherson Sumi Systems Limited (MSSL), Bharat Forge, Toyota Kirloskar Motors

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Indian Auto Component Market

2.2. Research Methodology of the Indian Auto Component Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Indian Auto Component Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 INDIAN AUTO COMPONENT MARKET COVID-19 IMPACT

6 INDIAN AUTO COMPONENT MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCT

7.1. Drive Transmission & Steering

7.2. Engine Components

7.3. Suspension & Braking

7.4. Electrical and Electronic Components

7.5. Consumables

7.6. Cooling System

7.7. Rubber Components

8 MARKET INSIGHTS BY VEHICLE TYPE

8.1. Passenger Vehicles

8.2. 2-Wheeler

8.3. M&HCV

8.4. Light Commercial Vehicles

8.5. Tractors

8.6. 3-Wheeler

8.7. Earth Moving Equipment

9 MARKET INSIGHTS BY MARKET TYPE

9.1. Supplies to OEMs

9.2. Aftermarket

9.3. Export

10 MARKET INSIGHTS BY REGION

10.1. Northern India

10.2. Southern India

10.3. Eastern India

10.4. Western India

10.5. Central India

11 INDIAN AUTO COMPONENT MARKET DYNAMICS

11.1. Market Drivers

11.2. Market Challenges

11.3. Impact Analysis

12 INDIAN AUTO COMPONENT MARKET OPPORTUNITIES

13 INDIAN AUTO COMPONENT MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. Competitive Landscape

17.1.1. Company Shares, By Revenue

18 COMPANY PROFILED

18.1. Minda Industries Ltd.

18.2. Craftsman Automation and Rolex Rings Ltd.

18.3. WABCO India Ltd.

18.4. Endurance Technologies Ltd.

18.5. Bosch Ltd.

18.6. Varroc Engineering Ltd.

18.7. Sundaram Clayton Ltd.

18.8. Motherson Sumi Systems Limited (MSSL)

18.9. Bharat Forge

18.10. Toyota Kirloskar Motors

19 DISCLAIMER

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