India Class 1-3 Brake Friction Components Aftermarket, Forecast to 2024

May 2018 •
58 pages •
Report ID: 5442671 •
Format: PDF

Summary
Table of contents

The Aftermarket will be Driven Towards Consolidation, As Suppliers Aim to Garner Maximum Returns Through Economies of Scale
This report covers Class 1-3 vehicles brake friction components aftermarket in terms of volume (in million units) and value ($ billion) across India.It discusses unit shipments, revenue, average price, distribution channel share, and market share.

The base year for the analysis is 2017 and the forecast period is from 2018 to 2024.

The Indian brake friction component aftermarket is expected to witness an increase in unit shipments in the coming years. Increase in Vehicles in Operation (VIO) coupled with the higher-than-average vehicle maintenance needs in India due to poor road infrastructure and consumption of low-quality fuel will help in improving unit shipments during the forecast period.

Overall unit shipments will experience an increase considering the fact that the market is expanding and is dominated by few major suppliers.Strong economic forecasts combined with an increase in disposable income will drive consumer spending habits on regular vehicle maintenance.

Further, the increase in average price per unit will make a positive contribution to revenues growth. Thus, the overall revenue for brake friction components is expected to grow during the forecast period.

OEMs have a major presence in the aftermarket due to their well-established dealership network and service chains.They can further improve their market share by providing comprehensive service packages and extended warranties to customers.

Introduction of private label brands by distributors or multi-brand service chains will have a positive impact on market shares owing to the price advantage of these brands.Due to the unregulated nature of the aftermarket, there is an increasing threat from the unorganized sector.

Introduction of appropriate manufacturing and testing standards can check the domestic production as well as import of such counterfeit products.Disk pads are expected to be a major contributor to the overall brake friction component aftermarket as more vehicles are expected to be fitted with rear brake discs which are also increasingly favored for adoption in SCVs.

The overall average unit price is expected to increase marginally during the forecast period across all segments. Major players in the market are Brakes India, Rane, Bosch and Mando, among others.

Key Points This Study Will Cover:
• Total Class 1-3 brake friction components unit shipment forecast by product type
• Total Class 1-3 brake friction components revenue forecast by product type
• Average Class 1-3 brake friction components pricing by product type
• Total Class 1-3 brake friction components distribution channel analysis
• Total Class 1-3 brake friction components market share by major participants

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager