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市場調查報告書
商品編碼
1592784

二輪車零件的印度市場評估:各車輛類型，各推動器類型，各產品類型，各銷售管道，各地區，機會，預測(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個工作天內

價格

印度兩輪車市場規模預計將從 2024 年的 62.5 億美元增至 2032 年的 108.9 億美元，預測期內（2025 財年 - 2032 財年）的複合年增長率為 7.19%。由於經濟的顯著發展、可支配收入的增加、消費者對維護和修理車輛以實現最佳效率的重要性的認識不斷提高、車輛設計和定制的激增以及對當地通勤的需求不斷增加，市場預計會增長。由於中產階級人口的增加、對車輛作為經濟高效的交通方式的需求增加以及消費者可支配收入的激增，兩輪車市場經歷了快速增長。印度是一個經濟且可擴展的工程中心。因此，印度已成為汽車和汽車零件領域的專家，促進了汽車和汽車零件需求的不斷增長。印度汽車零件產業是推動宏觀經濟成長和就業的關鍵產業，透過向其他國家出口汽車零件。例如，印度政府宣布，2023-2024財年兩輪車零件出口額將達212億美元。在總出口中，北美佔 32%（成長 5%），歐洲佔 33%（成長 12%），亞洲其他地區佔 24%（穩定）。主要出口產品包括變速箱和轉向器、引擎零件、底盤、懸吊和煞車。

由於許多消費者出於成本效益的考慮，選擇乘坐私家車而不是公共交通工具，因此摩托車零件和消耗品的銷售量預計將激增。這促使售後摩托車零件和消耗品的銷量增加。

本報告提供印度的二輪車零件市場相關調查分析，提供市場規模與預測，市場動態，主要企業的形勢等資訊。

目錄

第1章 計劃的範圍和定義

第2章 調查手法

第3章 摘要整理

第4章 客戶的迴響

  • 產品與市場資訊
  • 品牌認知度
  • 決定是否購買時考慮的要素
    • 功能及其他附加價值服務
    • 耐用性和兼容性
    • 電力車輛解決方案的效率
    • 售後支援
  • 隱私和法規的考慮

第5章 印度的二輪車零件市場預測(2018年度～2032年度)

  • 市場規模與預測
    • 金額
  • 各車輛類型
    • 摩托車
    • 踏板車/輕型機踏車
  • 各推動器類型
    • ICE
    • 電力
  • 各產品類型
    • 引擎零件
    • 身體，底盤
    • 懸吊系統，剎車
    • 變速箱，轉向器零件
    • 電子零件，設備零件
    • 其他
  • 各銷售管道
    • OEM
    • 售後市場
  • 各地區
    • 北部
    • 南部
    • 東部
    • 西部，中央部
  • 市場佔有率:各企業(2024年度)

第6章 市場製圖(2024年度)

  • 各車輛類型
  • 各推動器類型
  • 各產品類型
  • 各銷售管道
  • 各地區

第7章 宏觀環境和產業結構

  • 供需分析
  • 法規結構和遵守
  • 價值鏈分析
  • PESTEL分析
  • 波特的五力分析

第8章 市場動態

  • 推動成長要素
  • 阻礙成長的要素(課題，阻礙因素)

第9章 主要企業的形勢

  • 前五名市場領導者的競爭矩陣
  • 前五名市場領導者的市場收益的分析(2024年度)
  • 如果合併和收購/合資企業(相符合)
  • SWOT分析(市場企業5公司)
  • 如果專利分析(相符合)

第10章 案例研究

第11章 主要企業預測

  • 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 策略性推薦

第13章 本公司相關資料，免責聲明

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