Auto ancillary market is expected to
witness steady growth in the next five years. The original equipment
manufactures and auto aftermarket is generating huge demand for the auto
ancillary products.The report commences with an overview of the major macro
economic indicators which highlights the present economic scenario prevalent in
India.
This is followed by the market
overview section which comprises of an illustration of the transition path of
the Indian auto ancillary market, where it depicts India’s gradual
transformation into a full-scale Tier 1 supplier along with the rising exports
of complex auto parts. This section further provides an insight into the
overall auto ancillary market in India. The market size and forecasted growth
along with the market segments and their respective values have been mentioned
in the report.
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It also highlights the employment
opportunities and contribution to country’s GDP by the auto ancillary sector.
Then it provides the potential growth prospects of the auto ancillary industry
in terms of imports, exports and domestic production. This is followed by an
illustration of the complete value chain, starting with the raw material
producers and concluding with the end users of this sector. Further, it states
the opportunities for the players positioned at different levels within the
auto ancillary sector.
Moving along, auto ancillary market
segments section in the report elaborates on the basic six market segments,
engine parts, drive transmission & steering parts, body & chassis,
suspension & braking parts, equipments, electrical parts and others,
wherein it lists their respective production share in the overall market, brief
outlook and their major sub-segments. Then for each sub-segment, the report
displays the demand and forecasted growth, product variation, major players and
strategic alliances along with market segmentation in terms of region, sector,
structure and type. Thereby it offers very detailed information about the major
sub-segments within the broad auto ancillary segments.
The opportunity areas section in the
report talks about the five major automobile production hubs in India, stating
the key auto hubs, key auto ancillary hubs and emerging auto ancillary hubs
within each major auto hub. It also highlights the auto industry scenario
and growth drivers specific to each auto hub.
The report provides detailed
information about the exports and imports of auto ancillary products along with
present and future growth in both exports and imports in value terms. It also
provides country-wise export-import data for the financial year 2011.
Factors driving the growth of auto
ancillary market in India are also explained in detail, which includes growing
automotive industry, healthy economic outlook, auto aftermarket demand, growing
investments and opportunity from new US IT compliance law.
The key challenges identified are
exposure to cyclical downturns in the automobile industry, rising labour costs
and price of raw materials, counterfeit market, technical inefficiency and
depreciating currency.
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The report covers the various
government initiatives concerning the auto ancillary sector in India. This
section discusses the impact of the Union Budget 2012-13 on the auto ancillary
market, plans of setting up the National Automotive Board, National Automotive
Testing and R&D Infrastructure Project, export incentives and the various
initiatives undertaken by Auto Component Manufactures’ Association in India.
The trends section in the report
comprises of an in-depth analysis of the major trends prevailing in the auto
ancillary market, which include diversification, rising PE/VC investments,
focus on quality, adoption of green strategies, increasing foreign presence and
changing design.
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