India - Auto Component Market by Channel, Component, and Vehicle Type - Forecast and Analysis 2024-2028
| Published: Jan 2024 | Pages: 165 | SKU: IRTNTR77303 |
India - Auto Component Market 2024-2028
The India - auto component market size is forecast to increase by USD 115.79 billion, at a CAGR of 25.7% between 2023 and 2028. The market growth analysis depends on several factors such as the growing middle-class population, the surge in demand for compact SUVs, and the government initiatives and policies for easy automotive industry setup procedures.
The report includes a comprehensive outlook on the market, offering forecasts for the industry segmented by Channel, which comprises OEM, and aftermarket. Additionally, it categorizes Component into engine and suspension and braking, drive transmission and steering, electricals and electronics, body and chassis, and others, and covers Vehicle Type, including passenger vehicles, 2-wheelers, light commercial vehicles, medium and heavy commercial vehicles, and others. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
What will be the Size of the Market During the Forecast Period?
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Market Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
The growing middle-class population is the key factor driving market growth. India's automotive industry is experiencing a surge in demand due to the increasing middle-class population in the country. Moreover, the emergence of the middle class has increased the demand for car ownership, resulting in a surge in vehicle sales in India. As disposable income increases and access to financing options becomes more accessible, Indian middle-class consumers are now able to purchase vehicles that were previously seen as luxurious. This has resulted in a shift in the automotive market towards a more traditional consumer base.
In addition, the changing consumer preferences have led to a shift in the way consumers purchase vehicles, with more emphasis being placed on features, convenience, and safety. As a result, manufacturers are responding to these demands by introducing models that are more cost-effective while still offering a wide range of features, particularly for the middle class. Thus, the increase in demand for public and private vehicles will in turn fuel the growth of the auto component market in India during the forecast period.
Key Market Trends
Increasing product launches is the primary trend shaping market growth. Market players are constantly launching new products to gain a competitive advantage over existing companies and new entrants. For instance, in January 2022, Tata Motors announced the launch of the advanced iCNG technology in the Tiago and Tigor. The Tiago iCNG and Tigor iCNG are powered by the Revotron 1.2L BS6 engine, which has the potential to generate a maximum power of 73PS. The launch helped Tata Motors in strengthening its position in the CNG market.
Similarly, with allied market trends and analysis, on 11 January 2024, Mahindra and Mahindra announced the launch of the introduced All-Electric XUV400 Pro range. The vehicle is also equipped with the company's Adrenox-connected car technology, offering a suite of over 50 features to enhance the driving experience. Therefore, such vehicle launches are driving the demand for auto components and further accelerating the growth of the market during the forecast period.
Major Market Challenge
Supply chain disruption in the automotive industry is a challenge that affects market growth. The major factors contributing to the disruption of the supply chain are the shortage of raw materials, logistics, and geopolitical tensions, which are expected to impede the growth of the auto component market in India during the forecast period. The supply chain constraints prevailing in the market due to the global shortage of semiconductors and high logistics and inventory costs caused by the COVID-19 pandemic, which reduced the production of auto components, further negatively impacted the auto component market in India.
Furthermore, the US government has imposed trade restrictions with Russia, which has led to supply chain disruption and shortages of raw materials for the production of auto components. For instance, in India, the sales of passenger cars dropped by 7.84%, which was down to 2,38,096 units in February 2022 from 2,58,337 units in February 2021. The war has led to implications of adding to inflationary pressure and pricing pressure and ultimately dealing another blow to the automotive manufacturers in India. Thus, such factors may impede market growth during the forecast period.
Market Customer Landscape
The market research report includes the adoption lifecycle of the market growth and forecasting, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Who are the Major Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
- BorgWarner Inc.: The company offers auto components such as turbochargers, transmission systems, emissions solutions, and electric propulsion systems. Additionally, they offer engine timing, powertrain, and thermal systems for electric and hybrid vehicles.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
- 3M Co.
- AISIN CORP.
- Akebono Brake Industry Co. Ltd.
- Autoliv Inc.
- Brembo Spa
- General Motors Co.
- HELLA GmbH and Co. KGaA
- Hyundai Motor Co.
- Lear Corp.
- Magna International Inc.
- Marelli Holdings Co. Ltd.
- Robert Bosch GmbH
- Schaeffler AG
- Stellantis NV
- Tenneco Inc.
- The Goodyear Tire and Rubber Co.
- Toyota Motor Corp.
- Valeo SA
- ZF Friedrichshafen AG
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
What is the Largest-Growing Segments in the Market?
The OEM segment is estimated to witness significant growth during the forecast period. OEM refers to those companies that manufacture the original auto components such as brakes, steering, and other parts for newly constructed vehicles. OEM parts are made by a specific manufacturer to align with the exact specifications of the vehicle so that they fit perfectly into that space. Therefore, they are preferred by automobile manufacturers around the globe.
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The OEM was the largest segment and was valued at USD 31.99 billion in 2018. Furthermore, the buyers prefer auto components manufactured by OEM because the auto components offered by them are the same part as what was originally attached during the manufacturing process, which provides the buyers with the peace of mind of knowing how it will perform and its assurance quality. Therefore, due to these factors, the OEM segment of the India - auto component market is expected to grow during the forecast period.
Segment Overview
The market report forecasts market research and growth by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends opportunities from 2018 to 2028.
- Channel Outlook
- OEM
- Aftermarket
- Component Outlook
- Engine and suspension and braking
- Drive transmission and steering
- Electricals and electronics
- Body and chassis
- Others
- Vehicle Type Outlook
- Passenger vehicles
- 2 wheelers
- Light commercial vehicles
- Medium and heavy commercial vehicles
- Others
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India Auto Component Market Scope |
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 25.7% |
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Market Growth 2024-2028 |
USD 115.79 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
25.04 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., AISIN CORP., Akebono Brake Industry Co. Ltd., Autoliv Inc., BorgWarner Inc., Brembo Spa, General Motors Co., HELLA GmbH and Co. KGaA, Hyundai Motor Co., Lear Corp., Magna International Inc., Marelli Holdings Co. Ltd., Robert Bosch GmbH, Schaeffler AG, Stellantis NV, Tenneco Inc., The Goodyear Tire and Rubber Co., Toyota Motor Corp., Valeo SA, and ZF Friedrichshafen AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market forecast between 2024 and 2028
- Precise estimation of the market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across India
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Channel
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 11: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 12: Chart on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 13: Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 14: Chart on India: Year-over-year growth 2023-2028 (%)
- Exhibit 15: Data Table on India: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Auto component market in India 2018 - 2022
- Exhibit 16: Historic Market Size – Data Table on auto component market in India 2018 - 2022 ($ billion)
- 4.2 Channel Segment Analysis 2018 - 2022
- Exhibit 17: Historic Market Size – Channel Segment 2018 - 2022 ($ billion)
- 4.3 Component Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – Component Segment 2018 - 2022 ($ billion)
- 4.4 Vehicle type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Vehicle type Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Channel
- 6.1 Market segments
- Exhibit 27: Chart on Channel - Market share 2023-2028 (%)
- Exhibit 28: Data Table on Channel - Market share 2023-2028 (%)
- 6.2 Comparison by Channel
- Exhibit 29: Chart on Comparison by Channel
- Exhibit 30: Data Table on Comparison by Channel
- 6.3 OEM - Market size and forecast 2023-2028
- Exhibit 31: Chart on OEM - Market size and forecast 2023-2028 ($ billion)
- Exhibit 32: Data Table on OEM - Market size and forecast 2023-2028 ($ billion)
- Exhibit 33: Chart on OEM - Year-over-year growth 2023-2028 (%)
- Exhibit 34: Data Table on OEM - Year-over-year growth 2023-2028 (%)
- 6.4 Aftermarket - Market size and forecast 2023-2028
- Exhibit 35: Chart on Aftermarket - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Data Table on Aftermarket - Market size and forecast 2023-2028 ($ billion)
- Exhibit 37: Chart on Aftermarket - Year-over-year growth 2023-2028 (%)
- Exhibit 38: Data Table on Aftermarket - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Channel
- Exhibit 39: Market opportunity by Channel ($ billion)
- Exhibit 40: Data Table on Market opportunity by Channel ($ billion)
7 Market Segmentation by Component
- 7.1 Market segments
- Exhibit 41: Chart on Component - Market share 2023-2028 (%)
- Exhibit 42: Data Table on Component - Market share 2023-2028 (%)
- 7.2 Comparison by Component
- Exhibit 43: Chart on Comparison by Component
- Exhibit 44: Data Table on Comparison by Component
- 7.3 Engine and suspension and braking - Market size and forecast 2023-2028
- Exhibit 45: Chart on Engine and suspension and braking - Market size and forecast 2023-2028 ($ billion)
- Exhibit 46: Data Table on Engine and suspension and braking - Market size and forecast 2023-2028 ($ billion)
- Exhibit 47: Chart on Engine and suspension and braking - Year-over-year growth 2023-2028 (%)
- Exhibit 48: Data Table on Engine and suspension and braking - Year-over-year growth 2023-2028 (%)
- 7.4 Drive transmission and steering - Market size and forecast 2023-2028
- Exhibit 49: Chart on Drive transmission and steering - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Data Table on Drive transmission and steering - Market size and forecast 2023-2028 ($ billion)
- Exhibit 51: Chart on Drive transmission and steering - Year-over-year growth 2023-2028 (%)
- Exhibit 52: Data Table on Drive transmission and steering - Year-over-year growth 2023-2028 (%)
- 7.5 Electricals and electronics - Market size and forecast 2023-2028
- Exhibit 53: Chart on Electricals and electronics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Data Table on Electricals and electronics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 55: Chart on Electricals and electronics - Year-over-year growth 2023-2028 (%)
- Exhibit 56: Data Table on Electricals and electronics - Year-over-year growth 2023-2028 (%)
- 7.6 Body and chassis - Market size and forecast 2023-2028
- Exhibit 57: Chart on Body and chassis - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Data Table on Body and chassis - Market size and forecast 2023-2028 ($ billion)
- Exhibit 59: Chart on Body and chassis - Year-over-year growth 2023-2028 (%)
- Exhibit 60: Data Table on Body and chassis - Year-over-year growth 2023-2028 (%)
- 7.7 Others - Market size and forecast 2023-2028
- Exhibit 61: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 63: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 64: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.8 Market opportunity by Component
- Exhibit 65: Market opportunity by Component ($ billion)
- Exhibit 66: Data Table on Market opportunity by Component ($ billion)
8 Market Segmentation by Vehicle Type
- 8.1 Market segments
- Exhibit 67: Chart on Vehicle Type - Market share 2023-2028 (%)
- Exhibit 68: Data Table on Vehicle Type - Market share 2023-2028 (%)
- 8.2 Comparison by Vehicle Type
- Exhibit 69: Chart on Comparison by Vehicle Type
- Exhibit 70: Data Table on Comparison by Vehicle Type
- 8.3 Passenger vehicles - Market size and forecast 2023-2028
- Exhibit 71: Chart on Passenger vehicles - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on Passenger vehicles - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on Passenger vehicles - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Passenger vehicles - Year-over-year growth 2023-2028 (%)
- 8.4 2 wheelers - Market size and forecast 2023-2028
- Exhibit 75: Chart on 2 wheelers - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on 2 wheelers - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on 2 wheelers - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on 2 wheelers - Year-over-year growth 2023-2028 (%)
- 8.5 Light commercial vehicles - Market size and forecast 2023-2028
- Exhibit 79: Chart on Light commercial vehicles - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Light commercial vehicles - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Light commercial vehicles - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Light commercial vehicles - Year-over-year growth 2023-2028 (%)
- 8.6 Medium and heavy commercial vehicles - Market size and forecast 2023-2028
- Exhibit 83: Chart on Medium and heavy commercial vehicles - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on Medium and heavy commercial vehicles - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on Medium and heavy commercial vehicles - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on Medium and heavy commercial vehicles - Year-over-year growth 2023-2028 (%)
- 8.7 Others - Market size and forecast 2023-2028
- Exhibit 87: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 8.8 Market opportunity by Vehicle Type
- Exhibit 91: Market opportunity by Vehicle Type ($ billion)
- Exhibit 92: Data Table on Market opportunity by Vehicle Type ($ billion)
9 Customer Landscape
- 9.1 Customer landscape overview
- Exhibit 93: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 94: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 95: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 96: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 97: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 98: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 99: Matrix on vendor position and classification
- 12.3 3M Co.
- Exhibit 100: 3M Co. - Overview
- Exhibit 101: 3M Co. - Business segments
- Exhibit 102: 3M Co. - Key news
- Exhibit 103: 3M Co. - Key offerings
- Exhibit 104: 3M Co. - Segment focus
- 12.4 AISIN CORP.
- Exhibit 105: AISIN CORP. - Overview
- Exhibit 106: AISIN CORP. - Business segments
- Exhibit 107: AISIN CORP. - Key offerings
- Exhibit 108: AISIN CORP. - Segment focus
- 12.5 Akebono Brake Industry Co. Ltd.
- Exhibit 109: Akebono Brake Industry Co. Ltd. - Overview
- Exhibit 110: Akebono Brake Industry Co. Ltd. - Business segments
- Exhibit 111: Akebono Brake Industry Co. Ltd. - Key offerings
- Exhibit 112: Akebono Brake Industry Co. Ltd. - Segment focus
- 12.6 BorgWarner Inc.
- Exhibit 113: BorgWarner Inc. - Overview
- Exhibit 114: BorgWarner Inc. - Business segments
- Exhibit 115: BorgWarner Inc. - Key news
- Exhibit 116: BorgWarner Inc. - Key offerings
- Exhibit 117: BorgWarner Inc. - Segment focus
- 12.7 Brembo Spa
- Exhibit 118: Brembo Spa - Overview
- Exhibit 119: Brembo Spa - Business segments
- Exhibit 120: Brembo Spa - Key offerings
- Exhibit 121: Brembo Spa - Segment focus
- 12.8 General Motors Co.
- Exhibit 122: General Motors Co. - Overview
- Exhibit 123: General Motors Co. - Business segments
- Exhibit 124: General Motors Co. - Key news
- Exhibit 125: General Motors Co. - Key offerings
- Exhibit 126: General Motors Co. - Segment focus
- 12.9 Hyundai Motor Co.
- Exhibit 127: Hyundai Motor Co. - Overview
- Exhibit 128: Hyundai Motor Co. - Business segments
- Exhibit 129: Hyundai Motor Co. - Key news
- Exhibit 130: Hyundai Motor Co. - Key offerings
- Exhibit 131: Hyundai Motor Co. - Segment focus
- 12.10 Marelli Holdings Co. Ltd.
- Exhibit 132: Marelli Holdings Co. Ltd. - Overview
- Exhibit 133: Marelli Holdings Co. Ltd. - Product / Service
- Exhibit 134: Marelli Holdings Co. Ltd. - Key news
- Exhibit 135: Marelli Holdings Co. Ltd. - Key offerings
- 12.11 Robert Bosch GmbH
- Exhibit 136: Robert Bosch GmbH - Overview
- Exhibit 137: Robert Bosch GmbH - Business segments
- Exhibit 138: Robert Bosch GmbH - Key news
- Exhibit 139: Robert Bosch GmbH - Key offerings
- Exhibit 140: Robert Bosch GmbH - Segment focus
- 12.12 Schaeffler AG
- Exhibit 141: Schaeffler AG - Overview
- Exhibit 142: Schaeffler AG - Business segments
- Exhibit 143: Schaeffler AG - Key offerings
- Exhibit 144: Schaeffler AG - Segment focus
- 12.13 Stellantis NV
- Exhibit 145: Stellantis NV - Overview
- Exhibit 146: Stellantis NV - Business segments
- Exhibit 147: Stellantis NV - Key news
- Exhibit 148: Stellantis NV - Key offerings
- Exhibit 149: Stellantis NV - Segment focus
- 12.14 Tenneco Inc.
- Exhibit 150: Tenneco Inc. - Overview
- Exhibit 151: Tenneco Inc. - Business segments
- Exhibit 152: Tenneco Inc. - Key news
- Exhibit 153: Tenneco Inc. - Key offerings
- Exhibit 154: Tenneco Inc. - Segment focus
- 12.15 The Goodyear Tire and Rubber Co.
- Exhibit 155: The Goodyear Tire and Rubber Co. - Overview
- Exhibit 156: The Goodyear Tire and Rubber Co. - Business segments
- Exhibit 157: The Goodyear Tire and Rubber Co. - Key offerings
- Exhibit 158: The Goodyear Tire and Rubber Co. - Segment focus
- 12.16 Toyota Motor Corp.
- Exhibit 159: Toyota Motor Corp. - Overview
- Exhibit 160: Toyota Motor Corp. - Business segments
- Exhibit 161: Toyota Motor Corp. - Key offerings
- Exhibit 162: Toyota Motor Corp. - Segment focus
- 12.17 ZF Friedrichshafen AG
- Exhibit 163: ZF Friedrichshafen AG - Overview
- Exhibit 164: ZF Friedrichshafen AG - Business segments
- Exhibit 165: ZF Friedrichshafen AG - Key news
- Exhibit 166: ZF Friedrichshafen AG - Key offerings
- Exhibit 167: ZF Friedrichshafen AG - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 168: Inclusions checklist
- Exhibit 169: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 170: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 171: Research methodology
- Exhibit 172: Validation techniques employed for market sizing
- Exhibit 173: Information sources
- 13.5 List of abbreviations
- Exhibit 174: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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auto component market in india market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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