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(USGovernment-News.Com, February 12, 2019 ) The report highlights the analysis of the drivers and explains the factors for growth of the industry. Growing Automotive industry, the auto after market demand, the healthy economic outlook also opportunities from new US IT Compliance Law, are the key drivers of this market. Auto makers are placing bulk orders for supply of auto parts to the auto parts manufacturers. India is also an attractive destination for the foreign investors with consistently increasing FDI in the automobile sector. The original equipment manufacturers (OEMs) and the aftermarket or replacement market are the two prime source of demand for auto components in India but Strong aftermarket provides better sales stability and higher operating margins than an OEM.
There are various challenges too that the Auto Ancillary industry faces, Rising labor costs, Counterfeit Market, Technical Inefficiency and depreciating currency are the major challenges faced by the auto ancillary industry. Rise in steel prices further adds to the cost disadvantage as steel is a primary raw material for the auto ancillary industry. Organized sector facing serious threats from rapidly growing counterfeit market in India, Fake auto parts hold a considerable amount of share of the total aftermarket. Since the finishing and packaging of fake parts closely replicate the original products, consumers fail to differentiate between the fake and original parts. Depreciating currency has adverse impact on the imports resulting in declining profits for the import dependent auto parts manufacturers. However, on the positive side, it has increased the cost-competitiveness of exports and also OEMs will look towards sourcing from local players due to higher price of imports
Market Overview Slide 5: Auto Ancillary Market - Transition Slide 6: Auto Ancillary Market - Overview Slide 7: Auto Ancillary Market - Market Size & Growth (2008-18), Market Segmentation - Sector wise Slide 8: Auto Ancillary Market - Contribution to Employment Generation (2009 - 2020e), Contribution to GDP (2009 - 2020e) Slide 9: Auto Ancillary Market - Future Outlook (2011-21e) Slide 10: Value Chain Analysis Slide 11: Opportunity for Players
Segments Major Segments Slide 12: Auto Ancillary Market - Segmentation Slide 13 -15: Auto Ancillary Market Major Segments - Outlook, Sub-segments Major Sub-Segments Slide 16-53: Auto Ancillary Market Major Sub-Segments - Demand (2010-11 - 2019-20e), Product Variation, Major Players & Strategic Alliances, Market Segmentation
Opportunity Areas Slide 54: Opportunity Areas - Summary Slide 55-71: Opportunity Areas - Major Automobile Production Hubs, Auto Industry Scenario and Growth Drivers
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