India Automotive Aftermarket Research Report 2023-2029: Ageing Car VIO, Increasing Used Car Sales, and a Growing Annual Mileage Boost Aftermarket Auto Part Sales Revenue in the Short to Medium Term

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Oct 02, 2023, 18:00 ET

DUBLIN, Oct. 2, 2023 /PRNewswire/ -- The "Indian Automotive Aftermarket Growth Opportunities, 2023" report has been added to ResearchAndMarkets.com's offering.

The report provides quantitative and qualitative analysis of the Indian passenger car aftermarket, covering areas such as revenue, distribution channel structure, VIO analysis, key competitors, new business models, and growth opportunities.

This report evaluates the Indian automotive aftermarket's performance in FY2023 and identifies numerous trends that affect demand for replacement parts, repairs, and maintenance. The study period is from FY2020 to FY2029, with FY2023 as the base year and FY2024 to FY2029 as the forecast period.

The Indian automotive aftermarket will witness substantial growth in the coming years due to the increase in vehicles in operation (VIO) from FY2020 to FY2029. The report provides an in-depth evaluation of the current and future state of the Indian passenger car aftermarket ecosystem, identifying several trends that are expected to impact the demand for replacement parts, repairs, and maintenance services.

One of the key trends noted in the report is the increase in shared mobility services, which is expected to lead to higher wear and tear of vehicles and a corresponding rise in demand for replacement parts and services. The report also determines the growth of used cars in India, which can create opportunities for players in the aftermarket sector to provide repair and maintenance services.

The increasing VIO is another factor expected to drive the growth of the Indian automotive aftermarket. The report also highlights the importance of vehicle diagnostics and parts eCommerce, which can help improve efficiency and reduce costs in the sector.

The report concludes that the Indian automotive aftermarket is poised for significant growth over the next several years. The trends noted in the report, including shared mobility and growth in used cars, indicate new opportunities for players in the aftermarket sector.

Furthermore, the report suggests that vehicle diagnostics and parts eCommerce can be key enablers for improving efficiency across the aftermarket value chain.

Key Topics Covered:

1. Strategic Imperatives

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Indian Automotive Aftermarket
Growth Opportunities Fuel the Growth Pipeline Engine

2. Research Scope and Methodology

Scope of Analysis
Methodology for Revenue Forecasting
Methodology for Aftermarket Assessment and Forecast

3. Growth Environment

Key Findings
Key Questions this Study will Answer
Growth Drivers
Growth Restraints
Challenges in the Aftermarket

4. Trends

Top Trends Driving the Indian PV Market
Trend 1: Auto Parts e-Commerce
Trend 2: Shared Mobility Services
Trend 3: Higher Annual Mileage
Trend 4: The Rise of Alternate-powertrain Vehicles
Trend 5: Used Car Sales Grow
Trend 6: Vehicle Diagnostics

5. Market Structure

Distribution Channels Structure for OES and IAM Spare Parts Supply
Distribution Channel Structure
OE Spares: Aftermarket Parts Supply Chain
Types of Service Channels
Share of Vehicles Serviced by Workshop Type

6. Market Overview

Forecast Assumptions
Key Growth Metrics
New Vehicle Sales Forecast
Passenger Vehicle VIO and Forecast
VIO by Brand
Automotive Aftermarket Revenue Forecast
Components Considered in this Study
Automotive Aftermarket Revenue Forecast by Part Type
Competitors to Watch in the Indian Aftermarket
Key Competitors by Product Group

7. Market Outlook

Aftermarket Characteristics
Legislation Effects on the Aftermarket Industry
New Business Models
Part eCommerce B2C Models in the Auto Industry
Parts eCommerce B2B Model in the Auto Industry
Automotive Aftermarket eRetailing: Snapshot

8. Growth Opportunity Universe

Growth Opportunity 1: Multi-brand Service Chains
Growth Opportunity 2: eCommerce and Online Marketplace
Growth Opportunity 3: Auto Parts Standardization

9. Next Steps

For more information about this report visit https://www.researchandmarkets.com/r/v2t3cu

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