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The India - auto component market size is forecast to increase by USD 115.79 billion, at a CAGR of 25.7% between 2023 and 2028. The market growth analysis depends on several factors such as the growing middle-class population, the surge in demand for compact SUVs, and the government initiatives and policies for easy automotive industry setup procedures.
The report includes a comprehensive outlook on the market, offering forecasts for the industry segmented by Channel, which comprises OEM, and aftermarket. Additionally, it categorizes Component into engine and suspension and braking, drive transmission and steering, electricals and electronics, body and chassis, and others, and covers Vehicle Type, including passenger vehicles, 2-wheelers, light commercial vehicles, medium and heavy commercial vehicles, and others. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Channel
7 Market Segmentation by Component
8 Market Segmentation by Vehicle Type
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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