二輪車部品のインド市場の評価：車両タイプ別、推進力タイプ別、製品タイプ別、販売チャネル別、地域別、機会、予測（2018年度～2032年度）

インドの二輪車の市場規模は、2024年度の62億5,000万米ドルから2032年度に108億9,000万米ドルに達すると予測され、2025年度～2032年度の予測期間にCAGRで7.19%の成長が見込まれます。市場は、大幅な経済開発、可処分所得の増加、効率の最適化に向けた車両の整備や修理の重要性に関する消費者意識の高まり、車両の設計やカスタマイズの急激な動向、地元の通勤への需要の高まりなどにより、成長が見込まれています。二輪車市場は、中産階級人口の増加、費用対効果の高い移動手段としての車両への需要の増加、消費者の可処分所得の急増により、急成長を示しました。インドは経済的でスケーラブルなエンジニアリングの拠点です。そのため、インドは車両と車両部品のエキスパートとして成長し、車両と車両部品への需要の拡大に寄与しました。インドの車両部品産業は、その他の国にも車両部品を輸出することで、マクロ経済成長と雇用を促進している重要な部門です。例えばインド政府は、2023年度～2024年度の二輪車部品の輸出額は212億米ドルに達すると発表しました。総輸出額のうち北米は5%増の32%、欧州は12%増の33%、アジアのその他の国々は横ばいの24%です。主な輸出品目は、トランスミッションとステアリング、エンジン部品、シャーシ、サスペンション、ブレーキなどです。

消費者の多くはコスト効率に加え、公共交通機関を利用するかわりに自家用車で移動することを好むため、二輪車の部品と消耗品の売上は急増すると予測されます。これにより二輪車のアフターマーケット部品と消耗品の売上が増加しています。

当レポートでは、インドの二輪車部品市場について調査分析し、市場規模と予測、市場力学、主要企業の情勢などを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

• 製品と市場情報
• ブランド認知度
• 購入決定において考慮される要素
  • 機能とその他の付加価値サービス
  • 耐久性と互換性
  • 電気車両ソリューションの効率
  • アフターサポート
• プライバシーと規制の考慮

第5章 インドの二輪車部品市場の見通し（2018年度～2032年度）

• 市場規模と予測
  • 金額
• 車両タイプ別
  • オートバイ
  • スクーター/モペット
• 推進力タイプ別
  • ICE
  • 電気
• 製品タイプ別
  • エンジン部品
  • ボディ、シャーシ
  • サスペンション、ブレーキ
  • トランスミッション、ステアリング部品
  • 電気部品、機器部品
  • その他
• 販売チャネル別
  • OEM
  • アフターマーケット
• 地域別
  • 北部
  • 南部
  • 東部
  • 西部、中央部
• 市場シェア：企業別（2024年度）

第6章 市場マッピング（2024年度）

• 車両タイプ別
• 推進力タイプ別
• 製品タイプ別
• 販売チャネル別
• 地域別

第7章 マクロ環境と産業構造

• 需給分析
• 規制枠組みとコンプライアンス
• バリューチェーン分析
• PESTEL分析
• ポーターのファイブフォース分析

第8章 市場力学

• 成長の促進要因
• 成長抑制要因（課題、抑制要因）

第9章 主要企業の情勢

• マーケットリーダー上位5社の競合マトリクス
• マーケットリーダー上位5社の市場収益の分析（2024年度）
• 合併と買収/合弁事業（該当する場合）
• SWOT分析（市場企業5社）
• 特許分析（該当する場合）

第10章 ケーススタディ

第11章 主要企業の見通し

• Yamaha Motor Co., Ltd.
• Bajaj Auto Limited
• Hero MotoCorp Ltd.
• TVS Motor Company
• Eicher Motors Limited
• Suzuki Motor Corporation
• BMW AG
• Ducati Motor Holding SpA
• Honda Motor Co., Ltd.
• Triumph Motorcycles Limited

第12章 戦略的推奨

第13章 当社について、免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Two-wheeler Components Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Two-wheeler Components Market Share (%), By Vehicle Type, FY2018-FY2032F
• Figure 3. India Two-wheeler Components Market Share (%), By Propulsion Type, FY2018-FY2032F
• Figure 4. India Two-wheeler Components Market Share (%), By Product Type, FY2018-FY2032F
• Figure 5. India Two-wheeler Components Market Share (%), By Sales Channel, FY2018-FY2032F
• Figure 6. India Two-wheeler Components Market Share (%), By Region, FY2018-FY2032F
• Figure 7. By Vehicle Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 8. By Propulsion Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 9. By Product Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 10. By Sales Channel Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 11. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024

India two-wheeler market is projected to witness a CAGR of 7.19% during the forecast period FY2025-FY2032, growing from USD 6.25 billion in FY2024 to USD 10.89 billion in FY2032. The market is expected to grow due to significant economic development, a rise in disposable income, increasing consumer awareness regarding the importance of vehicle maintenance and repairs for optimal efficiency, surging trends for vehicle design and customization, and growing demand for local commutes. The two-wheeler market witnessed an upsurge owing to a rise in the middle-class population, increasing demand for vehicles for cost-effective transportation, and a surge in the disposable income of consumers. India is a hub for economical and scalable engineering. Therefore, India grew to become an expert in automobiles and auto parts, which helped increase the demand for automobiles and auto parts. The auto component industry of India is an important sector driving macroeconomic growth and employment by exporting the auto components to other countries as well. For instance, the Government of India announced that in FY2023-FY2024, the estimated value of exports of two-wheeler auto components/parts would amount to USD 21.20 billion. North America accounted for 32% of total exports with a 5% increase, Europe for 33% with an increase of 12%, and other countries of Asia for 24% with a flat growth rate. Key export items included drive transmission and steering, engine components, chassis, suspension, braking, and others.

The sales of two-wheeler components and consumables are expected to surge as most consumers prefer to travel by personal vehicles instead of availing public transport facilities coupled with cost efficiency. This is increasing sales for the aftermarket parts and consumables of the two-wheelers.

Government Incentives to Boost Market Growth

The government of India plays a significant role by promoting the automotive industry and offering incentives and schemes for the purchase and sale of Make in India products that lead to the growth of the two-wheeler component market. Indian automobile component industry has a well-evolved manufacturing ecosystem, which the government highly promotes to produce a wide array of engine parts, drivetrains, steering parts, bodies, chassis, suspension, braking parts, equipment, electrical parts, and other components for catering to the dynamic two-wheeler component market. Also, the Component Champion Incentive Scheme is a sales value-linked scheme applicable on pre-approved Advanced Automotive Technology components of all vehicles, CKD/SKD kits, vehicle aggregates of two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, and tractors, including automobile meant for military use and any other Advanced Automotive Technology components prescribed by the Ministry of Heavy Industries (MHI). In addition, the Government of India benefits manufacturers of automotive components by providing incentives and subsidies for manufacturing auto components in India.

For instance, in January 2024, the Ministry of Heavy Industries recently extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year, with incentives applicable for five consecutive financial years starting from FY2023-FY2024. The amendment to the scheme includes changes to the table indicating the incentive outlay, with the total indicative incentive amounting to USD 3.09 billion.

Consumer Awareness About Wear and Tear to Drive Market Growth

Many riders and bike enthusiasts are eager to upgrade their vehicles by substituting the old with the new and enhancing their operating ability by maintaining it frequently, creating new market growth opportunities for market players. Moreover, customer perception is shifting, and people are choosing electric propulsion over ICE due to environmental sustainability, which leads to the rise in the segment of electric two-wheeler components, leading to the growth of the two-wheeler automotive component market in India. Furthermore, the original equipment manufacturers are creating their brand value for the aftermarket through multiple platforms, including online, premium, and tailored parts sales. For instance, in May 2023, Hero MotoCorp collaborated with Open Network for Digital Commerce (ONDC) to offer two-wheeler parts, accessories, and merchandise and purchase through buyer-side applications. It will increase the reach of consumers and enhance their convenience.

Also, co-creation has taken a new leap in India with new models that cater to entry-level premium motorcycles for emerging markets. It includes manufacturers tapping underutilized production bases in the country to bring effectiveness and sustainability into practice, making it easy to feature mainstream mass markets to cater at affordable prices.

Electric Vehicle Propulsion Type to Dominate the Market Share

Electric vehicles (EVs) dominate the market growth owing to increased demand for sustainable transportation, rising awareness concerning eco-friendly environment, and a surge in government incentives and policies. The government is trying to shift the automotive industry towards electric mobility to reduce air pollution, reliance on fossil fuels, and greenhouse gas emissions. Furthermore, the Indian Central Government introduces several policies and incentives to shift consumer preference towards adopting electric vehicle two-wheelers. High sales of electric two-wheelers lead to an increase in auto components and consumables sales. Batteries constitute the largest share of the cost of electric vehicles, with chassis and body contributing the second highest share. According to the Ministry of Heavy Industries, the manufacturing of Advanced Chemistry Cells (ACCs) was approved under the Production Linked Incentive (PLI) scheme, which reduced battery prices in the country. Moreover, to spur the adoption and use of electric vehicles in India, along with the Production Linked Initiative (PLI) scheme, the Central Government announced certain schemes, including the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME I & II).

Northern India to Dominate the Two-wheeler Component Market Share

Two-wheelers are in demand in Northern India due to demographic factors, developed infrastructure, changes in government policies, and economic development. The increasing workforce and growing middle class contribute to the region's demand due to affordability and daily commuting needs. The region has major original equipment and auto component manufacturers catering to the huge demand for vehicles across the country. Uttar Pradesh sells the highest number of auto components due to the largest selling market of two-wheelers and a maximum number of middle classes, followed by Maharashtra.

For instance, in July 2024, the Uttar Pradesh government announced that it would extend its Electric Vehicle Manufacturing and Mobility Policy till 2027, including the availability of subsidies and incentives outlined in the policy for an additional three years.

Future Market Scenario (FY2025-FY2032)

The market is very competitive, and two-wheeler brands are making major efforts to acquire market share. A huge change in the mindset of consumers and their perception towards the two-wheeler market.

India has a large pool of talented and a big automotive industry stretching the boundaries of growth to contribute to the overall vibrancy of the two-wheeler components market in India.

The government intends to reduce import dependence through localization and policy support technologies, such as battery swapping, which will reduce costs and promote adoption rates.

Some of the leading companies operating in the Indian market are prioritizing areas with unmet needs and working toward developing innovative products.

Key Players Landscape and Outlook

India two-wheeler component market is quite dispersed, with many original equipment manufacturers and organized as well as unorganized multi-brand dealers spread across the length and breadth of the nation. The two companies, Hero MotoCorp Ltd and Bajaj Auto Limited, have entered the adventure motorcycle market. To take the first step on May 5, 2023, TVS Racing announced its tie-up with international edutainment theme park KidZania to offer a first-of-its-kind racing experience specifically designed for young riding enthusiasts.

Indian youths have been increasingly demanding the use of bike components for purposes such as customization and upgrades. The players compete based on service quality, service time, service fee, digital presence, and number of outlets. The automobile industry has witnessed significant change due to technological upgrades and catering to consumers' expectations.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Features and Other Value-added Service
  • 4.3.2. Durability and Compatibility
  • 4.3.3. Efficiency of Electric Vehicle Solutions
  • 4.3.4. After-Sales Support
• 4.4. Consideration of Privacy and Regulations

5. India Two-wheeler Components Market Outlook, FY2018-FY2032

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. By Vehicle Type
  • 5.2.1. Motorcycles
  • 5.2.2. Scooters/Moped
• 5.3. By Propulsion Type
  • 5.3.1. ICE
  • 5.3.2. Electric
• 5.4. By Product Type
  • 5.4.1. Engine Parts
  • 5.4.2. Body and Chassis
  • 5.4.3. Suspension and Brakes
  • 5.4.4. Drive Transmission and Steering Parts
  • 5.4.5. Electricals and Equipment Parts
  • 5.4.6. Others
• 5.5. By Sales Channel
  • 5.5.1. Original Equipment Manufacturer
  • 5.5.2. Aftermarket
• 5.6. By Region
  • 5.6.1. North
  • 5.6.2. South
  • 5.6.3. East
  • 5.6.4. West and Central
• 5.7. By Company Market Share (%), FY2024

6. Market Mapping, FY2024

• 6.1. By Vehicle Type
• 6.2. By Propulsion Type
• 6.3. By Product Type
• 6.4. By Sales Channel
• 6.5. By Region

7. Macro Environment and Industry Structure

• 7.1. Supply Demand Analysis
• 7.2. Regulatory Framework and Compliance
• 7.3. Value Chain Analysis
• 7.4. PESTEL Analysis
  • 7.4.1. Political Factors
  • 7.4.2. Economic System
  • 7.4.3. Social Implications
  • 7.4.4. Technological Advancements
  • 7.4.5. Environmental Impacts
  • 7.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
• 7.5. Porter's Five Forces Analysis
  • 7.5.1. Supplier Power
  • 7.5.2. Buyer Power
  • 7.5.3. Substitution Threat
  • 7.5.4. Threat from New Entrants
  • 7.5.5. Competitive Rivalry

8. Market Dynamics

• 8.1. Growth Drivers
• 8.2. Growth Inhibitors (Challenges and Restraints)

9. Key Players Landscape

• 9.1. Competition Matrix of Top Five Market Leaders
• 9.2. Market Revenue Analysis of Top Five Market Leaders (By Value, FY2024)
• 9.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
• 9.4. SWOT Analysis (For Five Market Players)
• 9.5. Patent Analysis (If Applicable)

10. Case Studies

11. Key Players Outlook

• 11.1. Yamaha Motor Co., Ltd.
  • 11.1.1. Company Details
  • 11.1.2. Key Management Personnel
  • 11.1.3. Products and Services
  • 11.1.4. Financials (As Reported)
  • 11.1.5. Key Market Focus and Geographical Presence
  • 11.1.6. Recent Developments
• 11.2. Bajaj Auto Limited
• 11.3. Hero MotoCorp Ltd.
• 11.4. TVS Motor Company
• 11.5. Eicher Motors Limited
• 11.6. Suzuki Motor Corporation
• 11.7. BMW AG
• 11.8. Ducati Motor Holding S.p.A
• 11.9. Honda Motor Co., Ltd.
• 11.10. Triumph Motorcycles Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

12. Strategic Recommendations

13. About Us and Disclaimer