Automotive Aftermarket To Burgeon In India Via Exceeding Economic Breakthrough-Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The industry research report, “Automotive Aftermarket in India” provides the top-line qualitative and quantitative summary information which well includes the comprehensive market size (value and volume 2013-17, and forecast to 2022) and segmentation data, textual and graphical analysis of market growth trends as well as significant macroeconomic information. It also entails the descriptions of the leading players along with the related key financial metrics and analysis of competitive pressures within the market. It proves to be an essential resource for top-line data and analysis covering the India automotive aftermarket market. The automotive aftermarket refers to the secondary market of automotive industry which mainly involves manufacturing, remanufacturing, distribution, retailing and installation of all types of vehicle parts, chemicals, equipment, and accessories, after the sale of automobiles by its original equipment manufacturer to the consumers. The leading aftermarket Indian player has long been witnessed as “Delphi” which is lately engaged in emboldening its parts coverage in local aftermarket with a wider reach and penetration. In future, it is planning to invest to be long-term player as well as continue strengthening its portfolio in order to rapidly develop in the industry since a tremendous potential for growth has been observed. This sector has well handled many changes as well as overcame challenges over the years and a complete transformation has taken place as a result; be it: the entry of the world’s best passenger car makers, the transition from a duopolistic to a fiercely competitive market, mushrooming growth in the two-wheeler space, qualitative changes in terms of better performance, ameliorated fuel efficiency, enhanced safety and comfort, adoption of technology, focus on connectivity, etc. Through all these affirmative changes, the aftermarket has maintained to grow in its own way supported by a good number of companies coming up with appropriate solutions in the form of compatible products, wider network reach, digital solutions and many other leading initiatives and innovations. It has been observed that the Indian automotive aftermarket sector generated total revenues of somewhere around USD 20.1 billion in 2017, thereby representing a decent compound annual growth rate of about 16.2% between 2013 and 2017 wherein the components segment of the sector was seen as the most lucrative, accounting for nearly 92.3% of the sector’s overall value. Furthermore, the industry is expected to persistently experience a strong growth in the coming years, due to its ameliorating culture of repairing and modifying old vehicles and high vehicle age. Over the years, the domestic aftermarket has witnessed a robust expansion from commercial vehicles to passenger cars and the usage pattern has also changed remarkably, resulting in an impeccable increase in the service requirements. The market has been critical in bolstering demands since the sector has been the largest employer in the country that is bound to produce newer employment opportunities in the future. For a sustainable growth in the long term, the industry has realized the need to establish efficient transport operators, service mechanics and retailers for improving their profitability. These upcoming factors will not only ensure survival but it will also aid in resurging the sector. Therefore, in the coming years, vehicle manufacturers are anticipated to explore entry into the business of multi-brand services through organized multi-brand outlets and authorized dealers who can invest in expensive garage equipment. Recently, ‘Mahindra First Choice’ has been one such company that has done this successfully. Moreover, online e-retailing has been noticed as the new global trend, which is further projected to emerge in India and enable the Indian consumers to compare market prices and shop online relishing the convenience offered. Thus, the online auto aftermarket in India is expected to rise at a CAGR of 7 percent to about USD 150 million by 2020. Even, the launch of Goods and Services Tax will impact the stakeholders in this automotive value chain and is thereby forecasted to help them enjoy the benefits of improved operating economics. An increased car parc is also forecasted in the coming future which will drive demand for parts of the aftermarket and ultimately the industry is anticipated to register a decent 13.4 percent until 2021. India has been crowned to become the third largest auto components market in the world by 2025, wherein the auto component makers have been goodly positioned to benefit from globalization of this sector that will open up opportunities in the aftermarket for any manufacturer, not only in India but also, globally. (Offering quality products at competitive costs) To know more about the research report: https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/automotive-aftermarket-in-india/143980-100.html Related Reports: https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/automotive-aftermarket-global-industry-almanac/144586-100.html https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/russia-used-car-market/146656-100.html Contact us:- Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com 0124-4230204 Tags: India Automotive Aftermarket Competitive Scenario, India Automotive Aftermarket Emerging Trends, India Automotive Aftermarket Evolving Market Demand, India Automotive Aftermarket Growth Opportunities, India Automotive Aftermarket Industry Research Report, India Automotive Aftermarket Production Volume, India Automotive Aftermarket Regulations, India Automotive Aftermarket Sales Statistics, India Automotive Car Market Revenue Analysis, India Automotive Equipments Industry Future Outlook, India Automotive Vehicles Aftermarket Insights