封面
市场调查报告书
商品编码
1592784

二轮车零件的印度市场评估:各车辆类型,各推动器类型,各产品类型,各销售管道,各地区,机会,预测(2018年度~2032年度)

India Two-Wheeler Component Market Assessment, By Vehicle type, By Propulsion type, By Product type, By Sales Channel, By Region, Opportunities and Forecast, FY2018-FY2032

出版日期: | 出版商: Market Xcel - Markets and Data | 英文 128 Pages | 商品交期: 3-5个工作天内

价格

印度两轮车市场规模预计将从 2024 年的 62.5 亿美元增至 2032 年的 108.9 亿美元,预测期内(2025 财年 - 2032 财年)的复合年增长率为 7.19%。由于经济的显着发展、可支配收入的增加、消费者对维护和修理车辆以实现最佳效率的重要性的认识不断提高、车辆设计和定制的激增以及对当地通勤的需求不断增加,市场预计会增长。由于中产阶级人口的增加、对车辆作为经济高效的交通方式的需求增加以及消费者可支配收入的激增,两轮车市场经历了快速增长。印度是一个经济且可扩展的工程中心。因此,印度已成为汽车和汽车零件领域的专家,促进了汽车和汽车零件需求的不断增长。印度汽车零件产业是推动宏观经济成长和就业的关键产业,透过向其他国家出口汽车零件。例如,印度政府宣布,2023-2024财年两轮车零件出口额将达212亿美元。在总出口中,北美占 32%(成长 5%),欧洲占 33%(成长 12%),亚洲其他地区占 24%(稳定)。主要出口产品包括变速箱和转向器、引擎零件、底盘、悬吊和煞车。

由于许多消费者出于成本效益的考虑,选择乘坐私家车而不是公共交通工具,因此摩托车零件和消耗品的销售量预计将激增。这促使售后摩托车零件和消耗品的销量增加。

本报告提供印度的二轮车零件市场相关调查分析,提供市场规模与预测,市场动态,主要企业的形势等资讯。

目录

第1章 计划的范围和定义

第2章 调查手法

第3章 摘要整理

第4章 客户的迴响

  • 产品与市场资讯
  • 品牌认知度
  • 决定是否购买时考虑的要素
    • 功能及其他附加价值服务
    • 耐用性和兼容性
    • 电力车辆解决方案的效率
    • 售后支援
  • 隐私和法规的考虑

第5章 印度的二轮车零件市场预测(2018年度~2032年度)

  • 市场规模与预测
    • 金额
  • 各车辆类型
    • 摩托车
    • 踏板车/轻型机踏车
  • 各推动器类型
    • ICE
    • 电力
  • 各产品类型
    • 引擎零件
    • 身体,底盘
    • 悬吊系统,剎车
    • 变速箱,转向器零件
    • 电子零件,设备零件
    • 其他
  • 各销售管道
    • OEM
    • 售后市场
  • 各地区
    • 北部
    • 南部
    • 东部
    • 西部,中央部
  • 市场占有率:各企业(2024年度)

第6章 市场製图(2024年度)

  • 各车辆类型
  • 各推动器类型
  • 各产品类型
  • 各销售管道
  • 各地区

第7章 宏观环境和产业结构

  • 供需分析
  • 法规结构和遵守
  • 价值链分析
  • PESTEL分析
  • 波特的五力分析

第8章 市场动态

  • 推动成长要素
  • 阻碍成长的要素(课题,阻碍因素)

第9章 主要企业的形势

  • 前五名市场领导者的竞争矩阵
  • 前五名市场领导者的市场收益的分析(2024年度)
  • 如果合併和收购/合资企业(相符合)
  • SWOT分析(市场企业5公司)
  • 如果专利分析(相符合)

第10章 案例研究

第11章 主要企业预测

  • Yamaha Motor Co., Ltd.
  • Bajaj Auto Limited
  • Hero MotoCorp Ltd.
  • TVS Motor Company
  • Eicher Motors Limited
  • Suzuki Motor Corporation
  • BMW AG
  • Ducati Motor Holding SpA
  • Honda Motor Co., Ltd.
  • Triumph Motorcycles Limited

第12章 策略性推荐

第13章 本公司相关资料,免责声明

Product Code: MX12232

India two-wheeler market is projected to witness a CAGR of 7.19% during the forecast period FY2025-FY2032, growing from USD 6.25 billion in FY2024 to USD 10.89 billion in FY2032. The market is expected to grow due to significant economic development, a rise in disposable income, increasing consumer awareness regarding the importance of vehicle maintenance and repairs for optimal efficiency, surging trends for vehicle design and customization, and growing demand for local commutes. The two-wheeler market witnessed an upsurge owing to a rise in the middle-class population, increasing demand for vehicles for cost-effective transportation, and a surge in the disposable income of consumers. India is a hub for economical and scalable engineering. Therefore, India grew to become an expert in automobiles and auto parts, which helped increase the demand for automobiles and auto parts. The auto component industry of India is an important sector driving macroeconomic growth and employment by exporting the auto components to other countries as well. For instance, the Government of India announced that in FY2023-FY2024, the estimated value of exports of two-wheeler auto components/parts would amount to USD 21.20 billion. North America accounted for 32% of total exports with a 5% increase, Europe for 33% with an increase of 12%, and other countries of Asia for 24% with a flat growth rate. Key export items included drive transmission and steering, engine components, chassis, suspension, braking, and others.

The sales of two-wheeler components and consumables are expected to surge as most consumers prefer to travel by personal vehicles instead of availing public transport facilities coupled with cost efficiency. This is increasing sales for the aftermarket parts and consumables of the two-wheelers.

Government Incentives to Boost Market Growth

The government of India plays a significant role by promoting the automotive industry and offering incentives and schemes for the purchase and sale of Make in India products that lead to the growth of the two-wheeler component market. Indian automobile component industry has a well-evolved manufacturing ecosystem, which the government highly promotes to produce a wide array of engine parts, drivetrains, steering parts, bodies, chassis, suspension, braking parts, equipment, electrical parts, and other components for catering to the dynamic two-wheeler component market. Also, the Component Champion Incentive Scheme is a sales value-linked scheme applicable on pre-approved Advanced Automotive Technology components of all vehicles, CKD/SKD kits, vehicle aggregates of two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, and tractors, including automobile meant for military use and any other Advanced Automotive Technology components prescribed by the Ministry of Heavy Industries (MHI). In addition, the Government of India benefits manufacturers of automotive components by providing incentives and subsidies for manufacturing auto components in India.

For instance, in January 2024, the Ministry of Heavy Industries recently extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year, with incentives applicable for five consecutive financial years starting from FY2023-FY2024. The amendment to the scheme includes changes to the table indicating the incentive outlay, with the total indicative incentive amounting to USD 3.09 billion.

Consumer Awareness About Wear and Tear to Drive Market Growth

Many riders and bike enthusiasts are eager to upgrade their vehicles by substituting the old with the new and enhancing their operating ability by maintaining it frequently, creating new market growth opportunities for market players. Moreover, customer perception is shifting, and people are choosing electric propulsion over ICE due to environmental sustainability, which leads to the rise in the segment of electric two-wheeler components, leading to the growth of the two-wheeler automotive component market in India. Furthermore, the original equipment manufacturers are creating their brand value for the aftermarket through multiple platforms, including online, premium, and tailored parts sales. For instance, in May 2023, Hero MotoCorp collaborated with Open Network for Digital Commerce (ONDC) to offer two-wheeler parts, accessories, and merchandise and purchase through buyer-side applications. It will increase the reach of consumers and enhance their convenience.

Also, co-creation has taken a new leap in India with new models that cater to entry-level premium motorcycles for emerging markets. It includes manufacturers tapping underutilized production bases in the country to bring effectiveness and sustainability into practice, making it easy to feature mainstream mass markets to cater at affordable prices.

Electric Vehicle Propulsion Type to Dominate the Market Share

Electric vehicles (EVs) dominate the market growth owing to increased demand for sustainable transportation, rising awareness concerning eco-friendly environment, and a surge in government incentives and policies. The government is trying to shift the automotive industry towards electric mobility to reduce air pollution, reliance on fossil fuels, and greenhouse gas emissions. Furthermore, the Indian Central Government introduces several policies and incentives to shift consumer preference towards adopting electric vehicle two-wheelers. High sales of electric two-wheelers lead to an increase in auto components and consumables sales. Batteries constitute the largest share of the cost of electric vehicles, with chassis and body contributing the second highest share. According to the Ministry of Heavy Industries, the manufacturing of Advanced Chemistry Cells (ACCs) was approved under the Production Linked Incentive (PLI) scheme, which reduced battery prices in the country. Moreover, to spur the adoption and use of electric vehicles in India, along with the Production Linked Initiative (PLI) scheme, the Central Government announced certain schemes, including the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME I & II).

Northern India to Dominate the Two-wheeler Component Market Share

Two-wheelers are in demand in Northern India due to demographic factors, developed infrastructure, changes in government policies, and economic development. The increasing workforce and growing middle class contribute to the region's demand due to affordability and daily commuting needs. The region has major original equipment and auto component manufacturers catering to the huge demand for vehicles across the country. Uttar Pradesh sells the highest number of auto components due to the largest selling market of two-wheelers and a maximum number of middle classes, followed by Maharashtra.

For instance, in July 2024, the Uttar Pradesh government announced that it would extend its Electric Vehicle Manufacturing and Mobility Policy till 2027, including the availability of subsidies and incentives outlined in the policy for an additional three years.

Future Market Scenario (FY2025-FY2032)

The market is very competitive, and two-wheeler brands are making major efforts to acquire market share. A huge change in the mindset of consumers and their perception towards the two-wheeler market.

India has a large pool of talented and a big automotive industry stretching the boundaries of growth to contribute to the overall vibrancy of the two-wheeler components market in India.

The government intends to reduce import dependence through localization and policy support technologies, such as battery swapping, which will reduce costs and promote adoption rates.

Some of the leading companies operating in the Indian market are prioritizing areas with unmet needs and working toward developing innovative products.

Key Players Landscape and Outlook

India two-wheeler component market is quite dispersed, with many original equipment manufacturers and organized as well as unorganized multi-brand dealers spread across the length and breadth of the nation. The two companies, Hero MotoCorp Ltd and Bajaj Auto Limited, have entered the adventure motorcycle market. To take the first step on May 5, 2023, TVS Racing announced its tie-up with international edutainment theme park KidZania to offer a first-of-its-kind racing experience specifically designed for young riding enthusiasts.

Indian youths have been increasingly demanding the use of bike components for purposes such as customization and upgrades. The players compete based on service quality, service time, service fee, digital presence, and number of outlets. The automobile industry has witnessed significant change due to technological upgrades and catering to consumers' expectations.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Brand Awareness
  • 4.3. Factors Considered in Purchase Decisions
    • 4.3.1. Features and Other Value-added Service
    • 4.3.2. Durability and Compatibility
    • 4.3.3. Efficiency of Electric Vehicle Solutions
    • 4.3.4. After-Sales Support
  • 4.4. Consideration of Privacy and Regulations

5. India Two-wheeler Components Market Outlook, FY2018-FY2032

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. By Vehicle Type
    • 5.2.1. Motorcycles
    • 5.2.2. Scooters/Moped
  • 5.3. By Propulsion Type
    • 5.3.1. ICE
    • 5.3.2. Electric
  • 5.4. By Product Type
    • 5.4.1. Engine Parts
    • 5.4.2. Body and Chassis
    • 5.4.3. Suspension and Brakes
    • 5.4.4. Drive Transmission and Steering Parts
    • 5.4.5. Electricals and Equipment Parts
    • 5.4.6. Others
  • 5.5. By Sales Channel
    • 5.5.1. Original Equipment Manufacturer
    • 5.5.2. Aftermarket
  • 5.6. By Region
    • 5.6.1. North
    • 5.6.2. South
    • 5.6.3. East
    • 5.6.4. West and Central
  • 5.7. By Company Market Share (%), FY2024

6. Market Mapping, FY2024

  • 6.1. By Vehicle Type
  • 6.2. By Propulsion Type
  • 6.3. By Product Type
  • 6.4. By Sales Channel
  • 6.5. By Region

7. Macro Environment and Industry Structure

  • 7.1. Supply Demand Analysis
  • 7.2. Regulatory Framework and Compliance
  • 7.3. Value Chain Analysis
  • 7.4. PESTEL Analysis
    • 7.4.1. Political Factors
    • 7.4.2. Economic System
    • 7.4.3. Social Implications
    • 7.4.4. Technological Advancements
    • 7.4.5. Environmental Impacts
    • 7.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
  • 7.5. Porter's Five Forces Analysis
    • 7.5.1. Supplier Power
    • 7.5.2. Buyer Power
    • 7.5.3. Substitution Threat
    • 7.5.4. Threat from New Entrants
    • 7.5.5. Competitive Rivalry

8. Market Dynamics

  • 8.1. Growth Drivers
  • 8.2. Growth Inhibitors (Challenges and Restraints)

9. Key Players Landscape

  • 9.1. Competition Matrix of Top Five Market Leaders
  • 9.2. Market Revenue Analysis of Top Five Market Leaders (By Value, FY2024)
  • 9.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
  • 9.4. SWOT Analysis (For Five Market Players)
  • 9.5. Patent Analysis (If Applicable)

10. Case Studies

11. Key Players Outlook

  • 11.1. Yamaha Motor Co., Ltd.
    • 11.1.1. Company Details
    • 11.1.2. Key Management Personnel
    • 11.1.3. Products and Services
    • 11.1.4. Financials (As Reported)
    • 11.1.5. Key Market Focus and Geographical Presence
    • 11.1.6. Recent Developments
  • 11.2. Bajaj Auto Limited
  • 11.3. Hero MotoCorp Ltd.
  • 11.4. TVS Motor Company
  • 11.5. Eicher Motors Limited
  • 11.6. Suzuki Motor Corporation
  • 11.7. BMW AG
  • 11.8. Ducati Motor Holding S.p.A
  • 11.9. Honda Motor Co., Ltd.
  • 11.10. Triumph Motorcycles Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

12. Strategic Recommendations

13. About Us and Disclaimer

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. India Two-wheeler Components Market, By Value, In USD Billion, FY2018-FY2032F
  • Figure 2. India Two-wheeler Components Market Share (%), By Vehicle Type, FY2018-FY2032F
  • Figure 3. India Two-wheeler Components Market Share (%), By Propulsion Type, FY2018-FY2032F
  • Figure 4. India Two-wheeler Components Market Share (%), By Product Type, FY2018-FY2032F
  • Figure 5. India Two-wheeler Components Market Share (%), By Sales Channel, FY2018-FY2032F
  • Figure 6. India Two-wheeler Components Market Share (%), By Region, FY2018-FY2032F
  • Figure 7. By Vehicle Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 8. By Propulsion Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 9. By Product Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 10. By Sales Channel Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 11. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024