India Motor vehicle body Market | Share, Companies, Analysis, Forecast, Size, COVID-19 IMPACT, Trends, Growth, Outlook, Industry, Value & Revenue

India Motor vehicle body Market Synopsis

The India motor vehicle body market is estimated to grow at a CAGR of 8.7% during the forecast period 2023-2029. The growth in the automobile industry, increasing production of vehicles and rising demand from consumers for efficient transportation are some of the factors driving the growth of this market. Moreover, government initiatives such as Make in India campaign with an aim to promote manufacturing and foreign investment have further complemented the growth opportunities for players operating in this space.

Market Drivers

Growing Automobile Industry: The growing automobile industry has been one of major drivers for this market due its increased demand for passenger vehicles, light commercial vehicles (LCVs), three wheelers etc., which are all fitted with different types of bodies that satisfies customer needs and preferences. Increase in demand from Consumers : Rising disposable income levels among consumers coupled with need for comfortable and efficient transportation has resulted in higher consumer expenditure on automotive components such as motor vehicle bodies thus propelling their demand over recent years.

Challenges of the Market

High cost associated with tooling dies used in manufacturing process can adversely affect market profitability during forecast period.Availability of low-cost substitutes can hamper market growth during forecast period

Key Players in the Market

Major companies operating in IndiaMotor Vehicle Body market include Tata Motors Ltd., Ashok Leyland Ltd., Mahindra & Mahindra Ltd., Maruti Suzuki India Limited, Eicher Motors Limited, Royal Enfield Motors Pvt Ltd, Hero MotoCorp Ltd, Bajaj Auto Limited etc

Key Highlights of the Report:

• India Motor vehicle body Market Outlook
• Market Size of India Motor vehicle body Market, 2023
• Forecast of India Motor vehicle body Market, 2030
• Historical Data and Forecast of India Motor vehicle body Revenues & Volume for the Period 2020-2030
• India Motor vehicle body Market Trend Evolution
• India Motor vehicle body Market Drivers and Challenges
• India Motor vehicle body Price Trends
• India Motor vehicle body Porter's Five Forces
• India Motor vehicle body Industry Life Cycle
• Historical Data and Forecast of India Motor vehicle body Market Revenues & Volume By Type of Vehicle for the Period 2020-2030
• Historical Data and Forecast of India Motor vehicle body Market Revenues & Volume By Passenger Vehicle for the Period 2020-2030
• Historical Data and Forecast of India Motor vehicle body Market Revenues & Volume By Light Commercial Vehicle for the Period 2020-2030
• Historical Data and Forecast of India Motor vehicle body Market Revenues & Volume By Heavy Trucks for the Period 2020-2030
• Historical Data and Forecast of India Motor vehicle body Market Revenues & Volume By Buses for the Period 2020-2030
• Historical Data and Forecast of India Motor vehicle body Market Revenues & Volume By Coaches for the Period 2020-2030
• India Motor vehicle body Import Export Trade Statistics
• Market Opportunity Assessment By Type of Vehicle
• India Motor vehicle body Top Companies Market Share
• India Motor vehicle body Competitive Benchmarking By Technical and Operational Parameters
• India Motor vehicle body Company Profiles
• India Motor vehicle body Key Strategic Recommendations