India Heavy-duty Automotive After Market Size & Outlook
The heavy-duty automotive aftermarket market in India is expected to reach a projected revenue of US$ 16,209.9 million by 2030. A compound annual growth rate of 7% is expected of India heavy-duty automotive aftermarket market from 2024 to 2030.
Revenue, 2023 (US$M)
$10,065.4
Forecast, 2030 (US$M)
$16,209.9
CAGR, 2024 - 2030
7%
Report Coverage
India
India heavy-duty automotive aftermarket market, 2017-2030 (US$M)
Related Markets
India heavy-duty automotive aftermarket market highlights
- The India heavy-duty automotive aftermarket market generated a revenue of USD 10,065.4 million in 2023 and is expected to reach USD 16,209.9 million by 2030.
- The India market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, tire was the largest revenue generating replacement part in 2023.
- Turbochargers is the most lucrative replacement part segment registering the fastest growth during the forecast period.
Heavy-duty automotive aftermarket market data book summary
| Market revenue in 2023 | USD 10,065.4 million |
| Market revenue in 2030 | USD 16,209.9 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Turbochargers |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire, Battery, Brake parts, Filters, Body parts, Lighting & Electronic components, Wheels, Exhaust components, Turbochargers |
| Key market players worldwide | 3M Co, Continental AG, Denso Corp, Mercedes-Benz Group AG, Dorian Drake International, Dorman Products Inc, Remy Cointreau |
Other key industry trends
- In terms of revenue, India accounted for 8.0% of the global heavy-duty automotive aftermarket market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China heavy-duty automotive aftermarket market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 16,209.9 million by 2030.
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Heavy-duty Automotive Aftermarket Market Scope
Heavy-duty automotive aftermarket market segmentation & scope
Tire
Battery
Brake parts
Filters
Body parts
Lighting & Electronic components
Wheels
Exhaust components
Turbochargers
Others
Heavy-duty Automotive Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India heavy-duty automotive aftermarket market size, by replacement part, 2017-2030 (US$M)
India Heavy-duty Automotive Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
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