India Drive and Timing Chain Market Outlook to 2022 - OEM Demand is Expected to Flourish in the Outlook Period
LONDON, Oct. 23, 2017 /PRNewswire/ -- Executive Summary
The report titled "India Drive and Timing Chain Market Outlook to 2022 – OEM Demand is Expected to Flourish in the Outlook Period" provides a comprehensive analysis of automotive and industrial transmission and timing roller chains in India. The report focuses on overall market size of India drive and timing chains market, components of auto chains, market size by revenue, market segments by type of chains, by vehicle, by OEMs and aftermarket, by sectors and by market structure. The report also includes value chain process for auto chains, trends and developments in the market, key issues and challenges in the market, norms and regulations for auto chains, trade scenarios in India, investment model for setting up auto chain manufacturing plant, competitive landscape of major companies including L.G. Balakrishnan & Bros Limited, Tube Investment of India and Rockman Industries. The report concludes with market projection for future and analyst recommendations highlighting the major opportunities and cautions.
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India Auto Chain Market
Automotive chains market includes drive chains and cam or timing chains. Drive chains are majorly used to transmit the power or energy to the wheels of the vehicle. Timing or cam chain forms an integral part of the internal combustion engine, which aids in controlling the timing of engine valves. The length of the transmission drive chain depends on the type of vehicle and the engine. India auto chain market is dominated by 3 major players- L.G. Balakrishnan & Bros Limited, Tube Investments of India and Rockman Industries.
India Auto Chain Market Size
In terms of revenue, the auto chain market is dominated by OEMs, owing to the reliability of their auto parts, quality standards, bulk purchasing power and better compatibility with vehicles. The aftermarket segment has been growing at an alarming rate owing to the rapid increase in sales of motorcycles and other vehicle and the reduced lifespan of transmission chains due to unfavorable road conditions in the country. Auto chains are majorly used in motorbikes, four wheelers, LCVs and HCVs. In terms of revenue, the auto chain market escalated from INR ~ billion during FY'2012 to INR ~ billion during FY'2017 at a CAGR ~% during FY'2012 – FY'2017.
India Drive and Timing Chain Market Segmentation
By Chain Type: In terms of chain type, India auto chain market is divided into two major segments, namely- drive chain and cam chain. The drive chain segment has dominated the auto chain market as they have a lower lifespan compared to cam chains. In FY'2017, drive chain segment has dominated the auto chain market, contributing ~% revenues to the overall Indian auto chain market. Cam chain segment incorporated ~% to the overall auto chain market revenue during FY'2017.
By Vehicle Type: In terms of revenue and production, the two wheeler segment has dominated the overall auto chain market. The sale of auto chain for two wheelers accounted for ~% of the overall market revenues during FY'2017. The sale of auto chains for four wheelers accounted for ~% overall market revenues during FY'2017.
By OEM and Aftermarket Segment: The OEM segment has dominated the auto chain market, accounting for ~% of the revenue in the overall auto chain market during FY'2017. The aftermarket sales market contributed ~% to overall auto chain market revenues during FY'2017.
By Market Structure: The organized market dominated accounting for ~% of the overall market revenues during FY'2017. Unorganized players in the industry cater to the needs of retailers and small scale companies which contribute ~% revenues to the overall auto chain market.
By Sectors: Automotive sector dominates the auto chain market owing to prominent use of drive and cam chains in automobiles. Auto chain sale for automotive sector accounted for ~% of the overall market revenues during FY'2017. Auto chains for the industrial sector accounted for ~% of the overall auto chain market revenues during FY'2017.
Competitive Landscape
India auto chain market is dominated by three major players, namely- L.G. Balakrishnan & Bros Limited, Tube Investments of India and Rockman Industries. L.G. Balakrishnan & Bros Limited is the largest auto chains manufacturer and distributor in India. The company's automotive chain brand 'Rolon' accounted for ~% of the company's revenues Tube Investment of India is the second largest player in the automotive chain market, manufacturing under brand name 'Diamond'. The company accounted for ~% of overall auto chain market revenues in the country during FY'2016. The company has been expanding its presence in the aftermarket. Rockman Industries Ltd is the third largest manufacturer of auto chains in India posting ~% revenues in the auto chain industry.
Future Outlook
The future prospects of the automotive chain market in India are quite promising as the automobile production and investment is expected to increase in the coming years. India auto chain market is anticipated to grow at a positive CAGR of ~% during FY'2017 – FY'2022.
Key Topics Covered in the Report
• India Drive and Cam Chain Market Overview and Genesis
• Value Chain Analysis of India Auto Chain Market
• India Automotive Chain Market Size, FY'2012 – FY'2017
• India Auto Chain Market Segmentation by market structure, by chain type, by sector, by vehicle and by OEMs and aftermarket
• Trade Scenario for Auto Chain in India
• Trends And Development In India Auto Chain Market
• Issues and challenges in India Auto Chain market
• Porter's Five Forces Analysis for India Auto Chain Market
• Market Share and Competitive Profile of Major Players in India Auto Chain Market
• India Auto Chain Market Future Outlook and Projections
• Analyst Recommendations
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