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 auto parts manufacturing market in India is undergoing rapid and exciting change influenced by changes to technology and consumer preferences. The rise of electric vehicles (EVs) is increasing demand for specialized manufactured components such as batteries, motors, and other power electronics, presenting new opportunities for manufacturers. At the same time, the adoption of Industry 4.0 technologies like Automation, IoT, AI is increasing the efficiency of production and reducing overall production costs for manufacturers. In addition, the government's recent focus on promoting local manufacturing through initiatives such as "Make in India" and the Production- Linked Incentive (PLI) schemes, have led to increased domestic and foreign investment in the auto parts manufacturing sector.
Sustainability is a more recent issue, with manufacturers changing from non-eco friendly materials and processes to more energy-efficient and using environmentally friendly materials to comply with global environmental standards. The aftermarket segment is growing as well, given the continuing growth in the vehicle parc that needs replacement parts. Collaborative relationships between OEMs and auto component suppliers are becoming increasingly important to improve the overall resilience of the supply chain and ensure timely deliveries and cost competitiveness. Advanced materials such as high-strength steel and lightweight alloys are being introduced into the market to improve durability, product performance and energy efficiency. Each of these trends describing a complex, evolving landscape for the auto parts manufacturing sector that is establishing India as a competitive player in the global auto parts manufacturing space.
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India Auto Parts Manufacturing Market Scope and Growth Analysis:
India Auto Parts Manufacturing Market provides immense development capability supported by a strong automotive industry and growing vehicle production. The domestic demand for auto components is increasing due to middle -class population, urbanization and expansion of better purchasing power. Additionally, India's cost-practical labor and efficient workforce make it an attractive center for global vehicle manufacturers who seek high quality yet affordable parts. In addition, exports are playing an important role, in which Indian-made components are receiving tractions including the US, Europe and Southeast Asia in international markets.
In addition, the government's attention is promoting a favorable business environment for the manufacturers on improving infrastructure and reducing regulatory policies. The aftermarket section is also rich, inspired by the increasing number of vehicles on the road and the need for maintenance and replacement parts. In addition, changes towards electric and hybrid vehicles are opening new avenues for innovation, in which companies are investing in R&D to develop advanced components. Strategic partnership between domestic and international players and the joint venture are accelerating the market expansion. With strong domestic demand, rising exports and continuous technological progresses, India Auto Parts Manufacturing Market is ready for continuous growth in the coming years.
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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