Auto Component Market in India
About the Auto Component Market in India
The Indian auto component industry offers a distinct competitive advantage in terms of cost and quality and this has helped its transformation from a local supplier (to the indigenous auto component industry) to a global supplier of auto parts that caters to big brands in the global automobile industry.
A prime example of the confidence that global OEMs have in Indian auto component manufacturers is the recent $2.5-billion (INR 15,400 crores) order bagged by India-based Motherson Sumi from Germany’s Daimler. The contract involves the supply of exterior and interior systems designed to equip future Mercedes-Benz vehicles. The order is expected to commence from 2018.
The auto component market in India to grow at a CAGR of 19.31% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the auto component market in India for 2016-2020. To calculate the size of the market, we have considered the yearly revenue data for Indian auto suppliers.
The market is divided into the following segments based on zones:
• North
• East
• West
• South
Auto Component Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Bharat Forge
• Bosch India
• Minda Group
• Samvardhana Motherson Group
• TVS Group
Other prominent vendors
• Amara Raja
• Amtek Auto
• Exide Industries
• Federal Mogul
• Gabriel India
• JBM Auto
• JMT Auto
• Precision Camshafts
• Sona Group
• Suprajit Engineering
• WABCO India
Market driver
• rising exports by the Indian automotive industry
• For a full, detailed list, view our report
Market challenge
• Counterfeit component parts
• For a full, detailed list, view our report
Market trend
• ightweighting in component redesign and innovation in the manufacturing
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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