Dublin, January 08, 2021 (GLOBE NEWSWIRE) – “Report of Market Analysis, Market Share & Trend of India by Passenger Vehicle (Sedan, Hatchback, SUV), Light Commercial Vehicle, Heavy Truck, by Three Wheeler, with Added Bus & Coach report, and Segment Projections, 2020-2027 ” ResearchAndMarkets.com’s offering.
India Automotive’s market demand is expected to reach 6,920,991 units by 2027 and is expected to record a CAGR of 11.3% from 2020 to 2027.
Demand for cars is driven by the rapid adoption of technology and the strong policy support from the government. In addition, increasing awareness of environmental concerns leading to the adoption of alternative fuel vehicles (CNGs, EVs), which, in turn, is driving market growth.
Technological advances in the entire supply chain are expected to dominate the market in the next seven years. For example, companies are adopting other channels such as e-commerce websites to sell vehicles. Sales of commercial vehicles through e-commerce websites help the OEMs expand their distribution network and reduce infrastructure and labor costs.
For example, Eicher Motors Limited recently launched five new vehicles that are only available through the e-commerce channel. Similarly, Tata Motor’s sales of small commercial vehicles have gone up 25% after the company chose the e-commerce channel to sell its vehicles.
Among the pandemic, the need to adhere to social distance norms has encouraged consumers to invest in personal mobility options. This demand for personal transportation options is a cash line for manufacturers and is expected to be somewhat favorable for the growth of the country’s car industry over the expected period.
Remote transport options are emerging as an hourly need, with several buyers opting for entry-level cars amid economic uncertainty. A shared move is expected to have a significant impact due to this ongoing trend. As the consumption power of the consumer has a significant impact on mobility, consumers with high consumption capacity are expected to control the sale of personal transportation options.
Automotive India Highlights Market Report
- The 2 to 3.5 Tons segment at the fastest CAGR is expected to expand above 15.5% over the forecast period in the light commercial vehicle due to its tight size and relatively lower prices.
- The hatchback segment maintained the largest market share of 49.17% in 2019. This share is due to the growing middle class of small passenger vehicles.
- The remaining 25 tonnes accounted for almost half of the total heavy truck market in 2019. This is due to the increase in the use of heavy lorries in the construction and mining industry.
- The three-wheeler is expected to expand at a CAGR of 10.6% in the expected period. Short-distance passenger transport is the main reason driving the demand of the segments.
Key topics covered:
Chapter 1. Method and Scope
1.1. Research Methodology
1.2. Scope of research & assumptions
1.3. List of data sources
1.4. List of abbreviations
Chapter 2. Executive Summary
2.1. Indian Vehicle Market – Business Snapshot & Key Purchasing Criteria, 2016 – 2027
2.2. India Automotive Market, 2016 – 2027
Chapter 3. India Vehicle Industry Overview
3.1. Market view
3.2. Business value chain analysis
3.3. Market dynamics
3.3.1. Market driver analysis
3.3.2. Barrier / market challenge analysis
3.3.3. Market opportunity analysis
3.4. Guidance and growth site mapping
3.5. Business Analysis – Porter Force Five Study
3.6. PEST analysis
3.7. Average price of the best selling models for major companies:
3.7.1. Passenger Vehicles
3.7.2. Light Trading Vehicles
3.7.3. Three wheels
3.8. Company Market Share Analysis, 2019
3.8.1. Passenger Vehicles
3.8.2. Three wheels
Chapter 4. Passenger Vehicle Market: Type of Forecast
4.1. Passenger Vehicle Market Assessments and Projections, by Type, 2019 & 2027 (Units)
4.2. Sedan
4.2.1. Market assessments and forecasts, 2016 – 2027 (Units)
4.3. Hatchbacks
4.4. SUVn
4.5. MUVs / MPVs / vans
Chapter 5. Light Commercial Vehicle Market: Tonnage Preview
5.1. Light Commercial Vehicle Market Forecast & Forecasts, By Tonnage, 2019 & 2027 (Units)
5.2. Less than 2 tons
5.2.1. Market assessments and forecasts, 2016 – 2027 (Units)
5.3. 2 to 3.5 tons
5.4. 3.5 to 7.5 tons
Chapter 6. Heavy Trucks Market: Tonnage Preview
6.1. Heavy Trucks Market Estimates & Projections, With Tonnage, 2019 & 2027 (Units)
6.2. 7.5 to 12 tons
6.2.1. Market assessments and forecasts, 2016 – 2027 (Units)
6.3. 12 to 25 tons
6.4. More than 25 tons
Chapter 7. Bus & Coach Market: Tonnage Preview
7.1. Bus & Coach Market Estimates & Forecasts, By Tonnage, 2019 & 2027 (Units)
7.2. 3.5 to 7.5 tons
7.2.1. Market assessments and forecasts, 2016 – 2027 (Units)
7.3. 7.5 to 12 tons
7.4. More than 12 tons
Chapter 8. Three-Wheel Market: A Tonnage Preview
8.1. Three Wheelers Market Dimensions & Projections, 2019 & 2027 (Units)
Chapter 9. Competitive Landscape
9.1. Company overview
9.2. Financial Performance
9.3. Result signal
9.4. Recent Developments
- Ashok Leyland
- Bajaj Auto Ltd.
- Daimler AG
- Eicher Motors Limited
- Ford Motor Company
- Honda Motor Co., Ltd.
- Hyundai Motor India
- Mahindra and Mahindra Ltd.
- Maruti Suzuki India Limited
- Piaggio & CSpa
- Tata Motors
- Toyota Motor Corporation
- Volkswagen AG
- AB Volvo
For more information about this report, visit https://www.researchandmarkets.com/r/r8pksi
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