Auto Parts Aftermarket - India
Market Statistics:
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Years: 2025-2033
- Market Size in 2024: USD 16.4 Billion
- Market Size in 2033: USD 35.5 Billion
- Market Growth Rate (CAGR) 2025-2033: 8.3%
According to IMARC Group's report titled "India Auto Parts Aftermarket Report and Forecast 2025-2033," the market reached USD 16.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 35.5 Billion by 2033, exhibiting a growth rate (CAGR) of 8.3% during 2025-2033.
India Auto Parts Aftermarket Trends and Drivers:
- The India auto parts aftermarket is seeing strong growth, as the growing average age of vehicles on Indian roads creates greater demand for replacement parts and maintenance work.
- In addition, India's burgeoning used car market is spurring aftermarket growth, as older cars tend to need servicing and replacement parts more frequently.
- In addition, the increasing number of passenger cars and commercial vehicles in cities and rural areas is bringing a steady demand for repair service, accessories, and spare parts.
- Increased use of e-commerce sites has also revolutionized the world of aftermarkets, providing customers with easier access to spare parts, lubricants, and accessories and increasing competition among suppliers.
- Essentially, increased disposable incomes and changing consumer tastes in favor of premium and performance-enhancing parts are propelling sales of higher-end auto parts within the aftermarket space.
- Furthermore, growth in organized service stations and multi-brand workshops is consolidated customer trust and guarantee of quality-certified parts availability.
- Additionally, more stringent government regulations on emissions and vehicle safety are forcing vehicle owners to change or replace key components, thus underpinning consistent aftermarket demand.
- The growing take-up of electric vehicles (EVs) is slowly redefining the auto parts aftermarket, presenting fresh opportunity for specialized components like batteries, charging systems, and sophisticated electronics.
- Essentially, developments in areas like telematics, connected car technologies, and predictive maintenance are prompting motor vehicle owners to take timely replacement, driving demand for aftermarket solutions.
- Furthermore, partnerships between manufacturers, suppliers, and technology companies are resulting in the creation of high-quality, long-lasting aftermarket parts to satisfy changing customer expectations.
- Further, the increasing amount of counterfeit parts in the market has raised consumer consciousness, leading them towards genuine and branded aftermarket products.
- In essence, supportive government policies to improve the domestic manufacturing landscape, together with increased foreign investments in automobile parts manufacturing, are likely to drive the overall growth curve of the India auto parts aftermarket.
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India Auto Parts Aftermarket Segmentation:
We explore the factors propelling the India auto parts aftermarket growth, including technological advancements, consumer behaviors, and regulatory changes.
Type Insights:
- Steering
- Chassis Parts
- Suspension
Application Insights:
- Passenger Car
- Commercial Vehicle
Regional Insights:
- North India
- South India
- East India
- West India
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendation
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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