Press release
India Automotive Aftermarket Demand Will Reach a Value of USD 16.76 Billion by the Year 2030, At a CAGR of 7.2%
India Automotive Aftermarket
India Automotive Aftermarket size was valued at USD 10.3 billion in 2023 and the total India Automotive Aftermarket revenue is expected to grow at a CAGR of 7.2% from 2024 to 2030, reaching nearly USD 16.76 Billion.
India Automotive Aftermarket Overview:
The India automotive aftermarket is witnessing robust growth, driven by an expanding vehicle parc that has reached 340 million units. With a projected compound annual growth rate (CAGR) of over 8% in the next five years, the market is poised for substantial expansion, particularly in the Two-Wheelers and Passenger Vehicles segments. As these segments are expected to grow significantly, the aftermarket presents considerable opportunities for businesses catering to this demand.
๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐๐ฎ๐ฌ๐ญ ๐ ๐๐ฅ๐ข๐๐ค ๐๐ฐ๐๐ฒ! https://www.maximizemarketresearch.com/request-sample/29939/
Drivers in the India Automotive Aftermarket:
The surge in vehicle sales across various segments, including two-wheelers, passenger vehicles, and commercial vehicles, is a primary driver of the India automotive aftermarket. This growth is further fueled by the increasing popularity of pre-owned vehicles, supported by organized businesses and online platforms, which enhance the demand for aftermarket products and services.
India Automotive Aftermarket Trends:
The India automotive aftermarket is undergoing a transformation with a shift towards direct distribution through e-commerce platforms. Partnerships between Original Equipment Manufacturers (OEMs) and online retail giants are redefining revenue sources, moving away from traditional wear-and-tear parts towards more advanced diagnostics and services, particularly those utilizing digital technologies and connected vehicle data.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ + ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐๐ซ๐:๏ปฟ https://www.maximizemarketresearch.com/inquiry-before-buying/29939/
India Automotive Aftermarket Opportunities:
Technological advancements in the automotive sector, such as connected vehicles, electric vehicles (EVs), and advanced driver assistance systems (ADAS), are creating new growth opportunities for the India automotive aftermarket. These innovations enable businesses to offer specialized services and products, including diagnostics, software updates, and components that cater to the evolving needs of vehicle owners.
What is India Automotive Aftermarket Regional Insight?
The Northern region of India, including states like Delhi, Uttar Pradesh, and Punjab, dominates the automotive aftermarket due to high vehicle density in urban centers and substantial agricultural activities in rural areas. Other regions, such as Maharashtra and Gujarat, also contribute significantly, driven by industrial hubs and urbanization. Understanding the unique dynamics of each region is crucial for businesses aiming to optimize their strategies and distribution networks in the diverse Indian automotive aftermarket.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:๏ปฟ https://www.maximizemarketresearch.com/request-sample/29939/ ๏ปฟ๏ปฟ
Segmentation Analysis of the India Automotive Aftermarket:
by Replacement Parts
Tire
Battery
Brake Parts
Filters
Body parts
Lighting & Electronic Components
Wheels
Exhaust components
Turbochargers
Others
by Certification
Genuine Parts
Certified Parts
Uncertified Parts
by Service Channel
DIY (Do it Yourself)
DIFM (Do it for Me)
OE (Delegating to OEM's)
by Distribution Channel
OEMs
Repair Shops
Wholesalers & Distributors
Who is the largest manufacturers of India Automotive Aftermarket worldwide?
1. Bosch India
2. TVS Group
3. Mahindra & Mahindra
4. Exide Industries
5. Tata Motors
6. Minda Industries
7. Amara Raja Batteries
8. Ashok Leyland
9. Hero MotoCorp
10. Maruti Suzuki
11. Motherson Sumi Systems
12. JK Tyre & Industries
13. Lumax Industries
14. Sundram Fasteners
15. WABCO India
16. Gabriel India
17. Ceat Ltd.
18. SKF India
19. MRF Limited
20. Apollo Tyres
๐๐๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ง ๐๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.maximizemarketresearch.com/market-report/india-automotive-aftermarket/29939/ ๏ปฟ๏ปฟ
Key Offerings:
Past Market Size and Competitive Landscape
India Automotive Aftermarket Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
India Automotive Aftermarket Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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