India Automotive Accessories & Parts Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, OTR, Two-Wheeler) By Component (Suspension, Anti-Braking System, Brake & Callipers, Chassis, Catalytic Convertor, Exhaust System, Piston, Spark plug, Drive Transmission & Steering Parts, Others (Wheels) By Demand Category (OEM vs Replacement) By Company and By Ge
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization
Download Sample Ask for Discount Request Customization
India Automotive Accessories & Parts Market size is forecast to reach US$22,45,125.00 Million by 2030, growing at a CAGR of 3.30% from 2024 to 2030.
Indian automotive accessory & parts market is likely to grow at strong CAGR over the forecast period. Car drivers are opting for automobile accessories and parts for improving the performance of vehicles in terms of sound, exhaust system and performance which is driving the increase in market growth. Strict government policies and regulations to monitor the environmental effects due to the operation of automobile components such as the carbon dioxide emission, noise emissions and other significant parameters and ensure the automobiles meet the standards established by the government authorities.
Product launches to maintain leadership in competitive market by major players is a key driver for high market demand in the region. Ongoing research and development to enhance the current technology and develop new technologies to improve the performance and convenience ease of the car owners is contributing to market expansion over the next five years. Growth in disposable income of the middle-class households is raising the spending power of consumers thus allowing them to purchase automotive accessories and components. Installation of air bags in four wheelers and adoption of BS VI 2020 in the region is likely to push the demand for products which provide safety to the passengers and adhere to the government regulations.
India automotive accessories & parts market can be segregated based on vehicle type, component, demand category, regional distribution, and company. Based on demand category, market is bifurcated into OEM and replacement. Original equipment manufacturer OEM segment is expected witness growth in the forecast period. Digitization along with technological advancements in auto parts fabrication and increase in production of passenger vehicle is driving the segment demand. Development of e-commerce channels is aiding in increasing the reach of the products in the region. OEM segment generally include warranty, are of high quality and can be easily find and installed in the vehicles.
The India automotive accessories and parts market is segmented by vehicle type, component, demand category, regional distribution, and company. Vehicle types include passenger cars, light commercial vehicles, medium & heavy commercial vehicles, off-the-road (OTR) vehicles, and two-wheelers. Components are categorized as external (e.g., racks, LED lights) and internal (e.g., infotainment systems, seat covers). Demand is split between Original Equipment Manufacturer (OEM) and replacement parts.
Download Sample Ask for Discount Request Customization
Here's a more detailed breakdown
1. By Vehicle Type
- Passenger Cars A significant segment with ongoing growth.
- Light Commercial Vehicles (LCVs) Growing in importance for goods transportation.
- Medium & Heavy Commercial Vehicles (MHCVs) Driven by the increase in freight movement.
- Off-the-Road (OTR) Vehicles Including construction and agricultural equipment.
- Two-Wheelers A large and influential segment in the Indian market.
2. By Component
-
External Components
Includes items like racks, LED lights, body kits, chrome accessories, covers, alloy wheels, window films, helmets, and others.
-
Internal Components
Encompasses infotainment systems, floor carpets and mats, seat covers, electrical systems, security systems, and more.
-
Other Components
This category may include various specialized parts not fitting neatly into the external or internal categories.
3. By Demand Category
- Original Equipment Manufacturer (OEM) Parts installed directly by the vehicle manufacturer during production.
- Replacement Parts purchased for vehicles after their initial purchase to replace worn or damaged parts.
4. By Region
- North Includes states like Delhi, Haryana, Punjab, Uttar Pradesh, and Uttarakhand.
- South Includes states like Tamil Nadu, Kerala, Karnataka, and Andhra Pradesh.
- East Includes states like West Bengal, Bihar, Jharkhand, and Odisha.
- West & Central Includes states like Maharashtra, Gujarat, Madhya Pradesh, and Chhattisgarh.
5.
By Company
- Major Players NGK Spark Plugs, Federal-Mogul Goetze, Denso India, Spark Minda, Cummins India, Asahi India Glass, Mobis India, Anand Automotive Systems, Bharat Forge, Bridgestone India, Exxon Mobil India, and others.
The major player operating in India automotive accessories & parts market
NGK Spark Plugs (India) Pvt. Ltd.
Asahi India Glass Ltd.
Mobis India Limited
Anand Automotive Systems Limited
Bharat Forge Limited
Bridgestone India Private Limited
Exxon Mobil India Private Ltd
Years considered for this report
Historical YearsFY2017-FY2020
Base YearFY2021
Estimated YearFY2022
Forecast PeriodFY2023–FY2027
Objective of the Study
- To analyse and forecast the market size of automotive accessories & parts, in terms of value and volume.
- To classify and forecast India automotive accessories & parts market based on vehicle type, component, demand category, regional distribution, and company.
- To identify drivers and challenges for India automotive accessories & parts market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India automotive accessories & parts market.
- To conduct the pricing analysis for automotive accessories & parts market.
- To identify and analyse the profile of leading players involved in the manufacturing of India automotive accessories & parts market.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across India. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across India.
Key Target Audience
- India Automotive Accessories & Parts Manufacturers
- Automotive Powertrain Manufacturers
- Automotive OEM’s
- Automotive Safety and Comfort System Manufacturers
- Raw material suppliers
- Dealers
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy