India, being one of the world’s fastest growing automobile industries, provides a solid growth platform for auto component industry. De-licensing in 1991 brought revolutionary changes in the industry and since then it has developed as a thrust sector of India. The industry currently has 600 organized companies, which account for 77% of value added in the industry. The medium and large firms in the organized sector provide direct employment to 0.25 Million people in the country.
According to our research “India Auto Component Market Analysis”, Indian auto component industry has shown remarkable resilience against global economic slowdown and Indian component suppliers have been posting encouraging revenue and profit growth results for past many years. Between 2004-05 and 2009-10, the auto component production and sales grew at the CAGR of around 19% and around 21% respectively. The growth in the industry has been one of the fastest in the world and the country has emerged as a true competitor of China, which is the most dominating auto component participant in the Asia-Pacific region. The study further reveals that due to increasing demand in the compact car and commercial vehicle segment, the auto component sales will register around 14% CAGR between 2010-11 and 2013-14.
On the regional front, currently northern region accounts for around 41% of entire auto component players present in the organized sector. The National Capital Region (NCR) is the focal point of auto component industry development due to its strategic location and favorable policies in the region. The western region is also catching up fast and expected to capture a significant share in the years to come.
“India Auto Component Market Analysis” is an outcome of extensive research and thorough analysis of the auto component industry potentials in India. A comprehensive evaluation of production, sales, import, export and investments trends has been covered in the report. Each section succinctly explains the current and future market trends, and developments in the concerned industry. In addition, a brief overview of prominent market players has also been included in the Competitive Landscape section of the report. Moreover, the report also includes the business description and strategies of the key industry players to provide a balanced market intelligence of the Indian auto component industry.
