India Automotive Market Size,Growth 2021 Global Industry Revenue, Business Demand and Applications Market Research Report to 2023

Posted on Dec 14 2021 7:47 AM

"India Automotive Market report provides overview of market value structure, cost drivers, various driving factors and analyze industry atmosphere, then studies global outline of industry size, demand, application, revenue, product, region and segments. In addition, this report introduces market competition situation among the distributers and manufacturers profile, besides, market value analysis and cost chain structure are covered in this report. "

Global India Automotive Market provides deep Information by vendors, including company overview, company total revenue (financials), market potential, global presence, India Automotive sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. this study provides the India Automotive sales, revenue and market share for each player covered in this report. India Automotive market is split by Type and by Application. The growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

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India Automotive Market report features basic market situations, Product limit, consumption volume, and limit applications. Moreover, the report illuminates the SWOT analysis that should be done by the customers so as to know the Strength, Weaknesses, Opportunities, and Threats of the India Automotive industry. It likewise centers around venture practicability investigation, speculation return analysis and different ways to deal with the addition a considerable position in the India Automotive Market.The India Automotive Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments.

The report focuses on regional development status, which includes the market size, share, and volume. The India Automotive Market report presents some of the key data, which would help the stakeholders in the industry besides the analysts and business decision makers. Production, consumption, cost, gross margin, revenue, market share and factors influencing market and CAGR has found its place in the report.

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The Indian automotive industry was estimated at a value of over USD 80 billion in 2016. The industry is anticipated to register a double digit CAGR over the forecast period (2018 - 2023).

Expanding Automotive Manufacturing Sector in India

The Indian automotive manufacturing sector is expanding at a fast rate, which is making the country one of the fastest-growing automotive manufacturers in the world. With an annual production of nearly 4.5 million units in 2016, the country was the fifth-largest automobile manufacturer in the world, falling behind China, the United States, Japan, and Germany. The country’s automotive industry was the second-fastest growing among the top 10 vehicle manufacturers, with an annual growth rate of 7.9%, which was second only to China in 2016. The annual vehicle production in the country grew from 3.89 million units in 2012 to 4.49 million units during the same year. In addition to this, the country’s Automobile Mission Plan aims to lead India to be among the top three automobile manufacturers in the world by 2026. Incentives from the government, rising disposable income, lower auto financing interest rates, increasing FDI in the automotive sector, along with the country being ranked at 30th position in the global manufacturing index by the World Economic Forum, are the factors expected to drive the automotive industry in the country, registering a CAGR of over 10% over the forecast period.

Booming Vehicle Ownership Rate in the Country

Two-wheelers accounted for the lion’s share of automotive sales in the country, followed by the passenger vehicle segment. Rising income level in the country, along with the increase in the young population, is driving the Indian automotive market. With over 17.5 million two-wheeler sales in 2017, India has currently become the largest two-wheeler market in the world, crossing China.

In addition to the two-wheeler sales, India was also among the top passenger and commercial vehicle markets, with annual sales of 3.6 million units in 2016. Changing demographics, increasing female drivers’ count on road, and rising income levels of young consumers, are driving the two-wheeler market in the country.

The number of motor vehicles per 1,000 people was about 53 in 2001, which more than tripled to reach 167 per 1,000 people in 2015. The number of cars per 1,000 people in the country is expected to double to become 40 cars per 1,000 people by the end of the forecast period. Besides the two-wheelers and passenger vehicles, India is the largest tractor market and manufacturer in the world. With the rapid growth in vehicle ownership in the country, OEMs are increasing their presence by expanding their manufacturing, assembling, or sales volume in the country.

Key Developments in the Market:

January 2018: Mercedes-Benz leads the luxury vehicle sales in the country, with over 15,000 units sold in 2017, followed by BMW and Audi.
January 2018: Lamborghini launches its latest super-SUV, Urus, in India.
September 2017: Bosch to offer electro-mobility solutions for automakers in India.

Major Players: MARUTI SUZUKI INDIA LIMITED, TATA MOTORS LTD, MAHINDRA & MAHINDRA LTD, SONALIKA INTERNATIONAL TRACTORS LTD, ESCORTS LTD, TVS MOTOR COMPANY amongst others.

Reasons to Purchase this Report:

Provides latest insights into the Indian automotive industry.
Gives a detailed analysis of the competitive landscape in the automotive industry, segmented by two-wheelers and four-wheelers.
Analyzes the market scenario with the help of Porter’s Five Forces Analysis.
Forecasts the market volume and value by assessing the impact of the market drivers and constraints.
3 months analyst support, along with the Market Estimate Sheet (in excel).

Report Customization and Benefits:

This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.

Get a Sample Copy of the India Automotive Market Report 2021

Covered in this report

The Report Covers the Present Scenario and the Growth Prospects of the Global India Automotive Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of India Automotive.

Regional Market Analysis:

The India Automotive Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Global India Automotive Market 2021-2023, 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.

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Market Trend

  • Growing research activities coupled with new product launches.

Market Driver

  • High Opportunity in the Industry

Market Challenge

  • Complications associated with India Automotive procedures.

Some Major Points from Toc :-

1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.1 Australia
6.1.2 Bolivia
6.1.3 Brazil
6.1.4 Democratic Republic of Congo
6.1.5 Indonesia
6.1.6 Malaysia
6.1.7 Myanmar
6.1.8 Peru
6.1.9 Russia
6.1.10 Thailand
6.1.11 Vietnam
6.1.12 Others
6.2 Consumption Analysis (Market Size, Growth and Forecast)
6.2.1 Asia-Pacific
6.2.1.1 India
6.2.1.2 China
6.2.1.3 Japan
6.2.1.4 South Korea
6.2.1.5 Rest of Asia-Pacific
6.2.2 North America
6.2.2.1 United States
6.2.2.2 Canada
6.2.2.3 Mexico
6.2.2.4 Rest of North America
6.2.3 Europe
6.2.3.1 Germany
6.2.3.2 United Kingdom
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Austria
6.2.3.6 Rest of Europe
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Rest of South America
6.2.5 Middle East & Africa
6.2.5.1 UAE
6.2.5.2 South Africa
6.2.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
10. Disclaimer

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