This Auto Component Market report focuses in Global market, especially in North America, Europe and Asia-Pacific, Latin America, Middle and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Pune, Maharashtra -- (SBWire) -- 01/19/2017 --The Auto Component Market offers a distinct competitive advantage in terms of cost and quality and this has helped its transformation from a local supplier (to the indigenous auto component industry) to a global supplier of auto parts that caters to big brands in the global automobile industry.

Auto Component Market in India will GROW steadily at a moderate CAGR of around 19% by 2020.

Production capacity expansion outpacing domestic consumption will drive export-oriented growth in the coming years and will be one of the major factors that will have a positive impact on the growth of the automobile component market in the coming years. Cost-efficient operations and acceptable quality have increased export volumes for the auto components to global OEMs (original equipment manufacturer).

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A prime example of the confidence that global OEMs have in Indian auto component manufacturers is the recent $2.5-billion (INR 15,400 crores) order bagged by India-based Motherson Sumi from Germany's Daimler. The contract involves the supply of exterior and interior systems designed to equip future Mercedes-Benz vehicles. The order is expected to commence from 2018.

Market Segment by Manufacturers, this report covers
-Bharat Forge
-Bosch India
-Minda Group
-Samvardhana Motherson Group
-TVS Group

Other Prominent Vendors
-Amara Raja
-Amtek Auto
-Exide Industries
-Federal Mogul
-Gabriel India
-JBM Auto
-JMT Auto
And more…

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According to this industry research report, the OEM segment will dominate the auto component market in India throughout the forecast period and account for about 89% of the total market share by 2020. As a result of improvements in the perceived quality of Indian products, the industry has transitioned from supplying primarily to the aftermarkets to catering to OEMs across the globe. This shift toward OEMs will continue to fuel the growth of the automobile component market in the coming years as well.

Report also presents Geographical Segmentation analysis of Auto Component Market in India of Americas, APAC, EMEA region.

Auto Component Market in India Driver
-rising exports by the Indian automotive industry
-For a full, detailed list, view our report

Auto Component Market in India Challenge
-Counterfeit component parts
-For a full, detailed list, view our report

Auto Component Market in India Trend
-Lightweighting in component redesign and innovation in the manufacturing
-For a full, detailed list, view our report

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Key questions answered in this report
-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

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