- Issued By: RNCOS E-Services Pvt. Ltd.
- City / State: Noida/Uttar Pradesh
- Phone: 91-120-4224-700
- Company Website: http://www.rncos.com/
- Submitted: November 9, 2010 11:18 pm
FOR IMMEDIATE RELEASE
Noida/Uttar Pradesh, November 9, 2010:
According to our research report “India Auto Component Market Analysis”, India, being one of the world’s fastest growing automobile industries, provides a solid growth platform for auto component industry. Over the past few years, auto component industry has gained a significant growth momentum. In recent times, a spate of successful model launches and higher export demand for passenger vehicle segment are benefitting the auto component suppliers. Therefore, due to the increasing demand for compact cars as well as commercial vehicle segment, the auto component market is expected to grow at CAGR of around 14% between 2010-11 and 2013-14.
We have also found that currently northern region accounts for around 41% of entire auto component players present in the organized sector. The National Capital Region (NCR) is the focal point of auto component industry development due to its strategic location and favorable policies in the region. Western region is also catching up fast and expected to capture a significant share in coming years. Our research shows that there is a vast opportunity to tap global auto component market, while leveraging India’s competency in cost-effective components production.
Our study reveals that among automobile industry deals, the auto component segment registered the highest number of deals in 2007 and 2008. Indian auto component manufacturers have expanded their operations worldwide, primarily through acquisitions. Overseas acquisitions have aided Indian auto component companies to enhance their skills and get access to new technology and customers. As a result, industry’s exports and turnover have grown rapidly.
We have found that various growth drivers, studied in our report, are fuelling the growth of the auto component market. Our study shows that auto component production will get doubled in 2013-14 in comparison to 2009-10. Sales, export and import are expected to grow at a rapid pace in future. Various government initiatives have also played a very important role in the market growth.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM263.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com/promotion.htm
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
834 total views, 1 so far today
- G4S Supports England Team at Commonwealth Games (77 views)
- House of Fraser Announces New Lipsy Collection by Pixie Lott (72 views)
- INDIACSR Presents essay writing competition on the topic of Corporate Governance for students (65 views)
- Sakhr Software Introducing Johaina To Help You Stay Up-To-Date (53 views)
- How to match dresses up at the Christmas? (36 views)
- Ophthalmology Jobs Online Launches YouTube Channel for Ophthalmology Job Seekers and for Ophthalmology Practices (14 views)
- Quintessence Biosciences, Inc.-Company Report - Aarkstore Enterprise (9 views)
- Your Home Isn't Complete With Out Home and Office Furniture From National Furniture (8 views)
- The Timberland Company - SWOT Analysis - Market Research Report On Aarkstore Enterprise (8 views)
- Motorola Defy Deals are cheap and rewarding (8 views)