Fast Market Research announces the availability of the new TechNavio report, "Auto Component Market in India 2016-2020", on their comprehensive research portal

Boston, MA -- (SBWire) -- 07/11/2016 --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.

Technavio's analysts forecast the auto component market in India to grow at a CAGR of 19.31% during the period 2016-2020.

Get More Details on this Report and a Full Table of Contents at Auto Component Market in India 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

Technavio's 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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Bharat Forge, Bosch India, Minda Group, TVS Group, Samvardhana Motherson Group, Amara Raja, Amtek Auto, Exide Industries, Federal Mogul, Gabriel India, JBM Auto, JMT Auto, Precision Camshafts, Sona Group, Suprajit Engineering, WABCO India.

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