Product Code: ETC018884 | Publication Date: Jun 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The India internal combustion engine components market import shipments showed robust growth with a significant CAGR from 2020 to 2024. The growth rate slightly moderated from 2023 to 2024 but remained positive, indicating a steady expansion trend overall during the period.
The India internal combustion engine components market is anticipated to reach a value of USD 3.4 billion in 2031, registering a CAGR of 6.3% over the forecast period (2025-2031). The growth is mainly attributed to the increasing demand for advanced fuel efficient engines from various automotive segments in India. Furthermore, the growing trend of vehicle electrification across all verticals including automotive, defense and marine are expected to boost the demand for internal combustion engines and its components during this period. Additionally, stringent government regulations towards improving emission standards will further aid in driving market growth over the forecasted period.
1) Growing Automotive Industry: Increasing sales figures along with rising preference towards vehicles fitted with modern technologies such as automatic transmission systems and sophisticated safety features are some key drivers aiding in boosting sales volumes globally, which ultimately results into an increase in demand for IC engine components such as cylinder heads & liners, crankshafts & camshafts among others.
2) Rising Demand For Fuel Efficient Engines: Due to strict government regulations concerning emissions levels and fuel efficiency standards coupled with rising customer awareness has led to an increased shift towards fuel efficient engine designs which require several additional components such as turbochargers or diesel particulate filters thus creating potential opportunities for markets participants operating within this space.
1) High Cost Of Components: Higher costs associated with materials used for manufacturing these parts due to their complexity pose a major challenge for manufacturers involved within this space leading them towards cost cutting measures by using cheaper alternatives resulting into quality compromise at times when it comes down to aftermarket parts availability giving rise price wars between local players offering similar products yielding very low profit margins per unit sale causing them liquidity issues at times leading them out of business eventually if not addressed on time .
Some prominent companies operating within India Internal Combustion Engine Components Market includes Aisin Seiki Co., Ltd., Cummins Inc., Denso Corporation; Federal Mogul Corporation; Magna
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Internal combustion engine components Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Internal combustion engine components Market Revenues & Volume, 2021 & 2031F |
3.3 India Internal combustion engine components Market - Industry Life Cycle |
3.4 India Internal combustion engine components Market - Porter's Five Forces |
3.5 India Internal combustion engine components Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Internal combustion engine components Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.7 India Internal combustion engine components Market Revenues & Volume Share, By Fuel, 2021 & 2031F |
3.8 India Internal combustion engine components Market Revenues & Volume Share, By Component Types, 2021 & 2031F |
4 India Internal combustion engine components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for automobiles in India |
4.2.2 Expansion of the automotive manufacturing sector |
4.2.3 Increasing government focus on promoting domestic manufacturing and Make in India initiative |
4.3 Market Restraints |
4.3.1 Rising raw material costs |
4.3.2 Fluctuating exchange rates affecting import costs |
4.3.3 Increasing competition from electric vehicles impacting demand for internal combustion engine components |
5 India Internal combustion engine components Market Trends |
6 India Internal combustion engine components Market, By Types |
6.1 India Internal combustion engine components Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Internal combustion engine components Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Internal combustion engine components Market Revenues & Volume, By Low-speed Engine, 2021-2031F |
6.1.4 India Internal combustion engine components Market Revenues & Volume, By Medium-speed Engine, 2021-2031F |
6.1.5 India Internal combustion engine components Market Revenues & Volume, By High-speed Engine, 2021-2031F |
6.2 India Internal combustion engine components Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 India Internal combustion engine components Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Internal combustion engine components Market Revenues & Volume, By Marine, 2021-2031F |
6.2.4 India Internal combustion engine components Market Revenues & Volume, By Aircraft, 2021-2031F |
6.3 India Internal combustion engine components Market, By Fuel |
6.3.1 Overview and Analysis |
6.3.2 India Internal combustion engine components Market Revenues & Volume, By Petroleum, 2021-2031F |
6.3.3 India Internal combustion engine components Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.4 India Internal combustion engine components Market, By Component Types |
6.4.1 Overview and Analysis |
6.4.2 India Internal combustion engine components Market Revenues & Volume, By Cylinder, 2021-2031F |
6.4.3 India Internal combustion engine components Market Revenues & Volume, By Piston, 2021-2031F |
6.4.4 India Internal combustion engine components Market Revenues & Volume, By Crankshaft, 2021-2031F |
6.4.5 India Internal combustion engine components Market Revenues & Volume, By Others, 2021-2031F |
7 India Internal combustion engine components Market Import-Export Trade Statistics |
7.1 India Internal combustion engine components Market Export to Major Countries |
7.2 India Internal combustion engine components Market Imports from Major Countries |
8 India Internal combustion engine components Market Key Performance Indicators |
8.1 Average selling price (ASP) of internal combustion engine components |
8.2 Number of new product launches in the market |
8.3 Adoption rate of advanced technologies in internal combustion engine components |
8.4 Research and development (RD) investment in improving efficiency and performance of components |
8.5 Supplier diversity and resilience in the supply chain |
9 India Internal combustion engine components Market - Opportunity Assessment |
9.1 India Internal combustion engine components Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Internal combustion engine components Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.3 India Internal combustion engine components Market Opportunity Assessment, By Fuel, 2021 & 2031F |
9.4 India Internal combustion engine components Market Opportunity Assessment, By Component Types, 2021 & 2031F |
10 India Internal combustion engine components Market - Competitive Landscape |
10.1 India Internal combustion engine components Market Revenue Share, By Companies, 2024 |
10.2 India Internal combustion engine components Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |