India Auto Parts Manufacturing Market 2025-2033
According to IMARC Group's report titled "India Auto Parts Manufacturing Market Size, Share, Trends and Forecast by Component Type, Sales Channel, Vehicle Type, and Region, 2025-2033", The report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.
How Big is the India Auto Parts Manufacturing Industry?
The India auto parts manufacturing market size was valued USD 73.56 Billion in 2024. By 2033, this figure is projected to reach around USD 90.58 Billion, with a compound annual growth rate (CAGR) of 2.34% over the forecast period (2025-2033).
India Auto Parts Manufacturing Market Trends:
The India auto parts manufacturing industry is undergoing an exponential change and both manufacturers & customers are increasingly after new products, categories, characteristics, and uses. The increasing popularity of electric vehicles EVs has brought rising demand on specialized components batteries, motor and inverter by manufacturers. Furthermore, with the implementation of Industry 4.0 technologies such as automation, IoT and AI, production efficiency is increasing, while operating costs are decreasing. There is also encouragement for increased investment in the sector both in terms of domestic and FDI, which otherwise is a priority area for govt., to promote local manufacturing wil "Make in India" also as through PLI.
Moreover, sustainability is emerging as a major priority, and manufacturers are moving towards environment friendly materials and power efficient processes to conform with international environmental standards. Spares sales are also growing with an increasing vehicle parc and thus the replacement part requirement. Associations and consortiums of OEMs and auto component suppliers have been formed to build resilient supply chains, timely deliveries and cost competitiveness. Incorporation of high-strength steel and lightweight alloys is adding to the life cycle of products and performance characteristics. “The fact is, these are all signs that the market is healthy and dynamic"", pointing to an industry on a strong growth trajectory that continues to entrench India as a premier player in global auto parts manufacturing.
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India Auto Parts Manufacturing Market Scope and Growth Analysis:
The market for auto-parts- manufacturing has high growth potential, aided by a strong automotive sector and rising vehicle output. With a growing middle-class, urbanization and increasing purchasing power, the domestic demand for auto components has also seen a rise. Meanwhile, competitive labor costs and a skilled workforce have helped make India an appealing destination for international automakers looking for cheap, yet high-quality, parts. All in all, exports are a big factor there and Indian-made components are finding firmer ground in overseas markets such as the U.S., Europe, and Southeast Asia.
Besides, the government’s push for upgrading infrastructure and relaxing regulatory norms is creating an encouraging environment for manufacturers. A number of strong aftermarket businesses are also being built for after another quarter century an ever expanding fleet is now requiring maintenance and replacement parts. The move towards electric and hybrid vehicles is also creating fresh opportunities for innovation as companies invest in R&D of differentiated parts. Strategic alliances and collaboration of local and international players also contribute towards growth in the market. With robust domestic demand, expanding exports and technological advances, the India auto components manufacturing industry is anticipated to grow for several years to come.
India Auto Parts Manufacturing Market Report Highlights & Segmentation Analysis:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India auto parts manufacturing market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Component Type Insights:
- Battery
- Cooling System
- Underbody Components
- Engine Components
- Automotive Filter
- Lighting Components
- Electrical Components
- Others
Sales Channel Insights:
- OEM
- Aftermarket
Vehicle Type Insights:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Others
Regional Analysis:
- North India
- West and Central India
- South India
- East India
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Other key areas covered in the report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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