Increasing Demand from OEMs and Aftermarket Drives the Indian Auto Ancillary Market

New York, NY, March 17, 2013 --(PR.com)-- Global market intelligence firm, Netscribes, has released its latest report on auto ancillary market in India 2013. The auto ancillary market is expected to witness steady growth in the next five years. The original equipment manufacturers and auto aftermarket are 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 industry, depicting India’s gradual transformation into a full-scale Tier I 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. It also highlights the employment opportunities and contribution to country’s GDP by the auto ancillary sector. It also highlights 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. Furthermore, 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 the six basic market segments, engine parts, drive transmission and steering parts, body and chassis, suspension and 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. 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. It also offers detailed information on the major sub-segments within the broad auto ancillary segments.

The opportunity areas section in the report talks about the auto component industry in India, stating the five major automobile production hubs, the key auto hubs, key auto ancillary hubs and emerging auto ancillary hubs within each major auto hub. It also highlights the prevalent scenario of the auto component industry 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 these two segments in terms of value. 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 labor costs and price of raw materials, counterfeit market, technical inefficiency and depreciating currency.

The report covers the various government initiatives concerning the auto ancillary industry 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 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.

The competition section begins with the Porter’s Five Forces Analysis, illustrating the competitive rivalry, bargaining power of suppliers and buyers and threat of new entrants and substitutes. It outlays the competitive landscape of the auto ancillary market in India briefing about the domestic and foreign players existing in the market. The section includes competitive benchmarking of the top players operating in the Indian auto ancillary market. The report also features brief profiles of major domestic and foreign players in the market and a snapshot of their corporation, financial performance along with the key financial ratios, business highlights, their product portfolio and individual SWOT analysis providing an insight into the existing competitive scenario.

The report concludes with a section on strategic recommendations, which comprises an analysis of the growth strategies of the auto ancillary market in India.