Auto Component in India 2017 Market Expected to Grow at CAGR 19.31% and Forecast to 2020

New York, NY -- (SBWire) -- 06/02/2017 --The analysts forecast the auto component market in India to grow at a CAGR of 19.31% during the period 2016-2020.

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.

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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

The report, 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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Table Of Contents – Major Key Points

PART 01: Executive summary
- Highlights

PART 02: Scope of the report
- Market overview
- Report coverage
- Top-vendor offerings

PART 03: Market research methodology
- Research methodology
- Economic indicators

PART 04: Introduction
- Key market highlights
- Quality framework
- Policy and regulatory frameworks
- Value chain analysis of the Indian auto component industry

PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
- SWOT analysis

PART 06: Market and technology trends
- Technological trends
- Market trends

PART 07: Key growth trends and their drivers
- Indian auto component industry to enter a cyclical upward trend
- Indian auto component segment to continue to grow faster than the OEM segment

PART 08: Key market challenges
- Proposal for industry-wide RFID implementation as a solution

PART 09: Other market challenges
- Institutional and infrastructural challenges like high customs duties and erratic power supply to the industry

PART 10: Market segmentation by geography
- Market overview
- Market share growth: Cluster-wise

Continued…….

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