India Automotive After Market 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 After Market Overview:
The Indian automotive aftermarket industry is a significant sector within the country’s broader automotive landscape, encompassing a wide range of products and services for vehicles after their initial sale. This market includes automotive parts and accessories, repair services, tire replacements, and routine maintenance, catering to both personal and commercial vehicles. The growth of this market is driven by the increasing vehicle fleet size in India, along with a rising demand for vehicle customization and maintenance. With the expanding middle-class population and increasing disposable incomes, there is a growing emphasis on the affordability and availability of aftermarket products and services in India.
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India Automotive After Market Trends:
One prominent trend in the India automotive aftermarket is the increasing adoption of digital platforms for purchasing automotive parts and services. The rise of e-commerce platforms has made it easier for consumers to shop for automotive parts, tools, and accessories from the comfort of their homes. Many aftermarket service providers are now establishing online portals, offering a wide range of products and services with home delivery and installation options. This convenience, combined with digital payment methods and customer reviews, has enhanced the consumer experience and contributed to the rapid growth of the online automotive aftermarket market in India.
What are India Automotive After Market Dynamics?
The dynamics of the Indian automotive aftermarket are influenced by several factors, including rising vehicle ownership and the increasing number of vehicles reaching their end-of-warranty period. As the vehicle fleet grows, the demand for replacement parts and maintenance services intensifies. Additionally, with more vehicles on the road, the demand for repair services, including engine and transmission repairs, bodywork, and tire replacements, has surged. With a large proportion of the vehicle population still being relatively old, repair and service needs are anticipated to remain strong, fueling the expansion of the aftermarket sector.
India Automotive After Market Opportunities:
The rise in the number of vehicles and the increasing demand for maintenance services present significant opportunities for businesses within the Indian automotive aftermarket. As the vehicle fleet grows, there is an increasing need for replacement parts, repairs, and accessories. This creates an opportunity for both local and international brands to establish themselves as key players in the sector by providing high-quality parts and services. Additionally, with the growing popularity of online shopping, there is a substantial opportunity for e-commerce platforms to capture a larger share of the market by offering convenient and cost-effective automotive products and services to consumers.
What is India Automotive After Market Regional Insight?
In India, the automotive aftermarket market is highly concentrated in urban areas where vehicle ownership is growing rapidly, and consumers are increasingly willing to invest in vehicle maintenance and customization. Major metropolitan cities such as Delhi, Mumbai, Bangalore, and Chennai are key hubs for the automotive aftermarket industry, with a high density of vehicles and an established base of both independent service providers and branded retail outlets. These cities see significant demand for automotive parts, repair services, and accessories due to the presence of a large number of personal and commercial vehicles, along with the increasing number of consumers seeking customized solutions.
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What is India Automotive After Market Segmentation?
By Vehicle Type
Battery-Electric Cars
Plug-in Hybrid Electric Cars
Fuel Cell Electric Cars
By End User
Individual Consumers
Fleet Owners and Operators
Car Rental Companies
Others
Some of the current players in the India Automotive After Market are:
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
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Key Offerings:
- Past Market Size and Competitive Landscape
- India Automotive After Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- India Automotive After Market 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
- Recommendations
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