Innovative Business Models to Invigorate the Indian Automotive Aftermarket, 2026

The Competitive Intensity of a More Organized Independent Aftermarket is Set to Take OESs’ Share of Business

This research service analyzes the Indian passenger and small commercial vehicles aftermarket, the aftermarket's future outlook, and the opportunities it offers to various participants in the value chain. The base year for the analysis is 2019, and the forecast period is 2020 to 2026.

The study discusses the impact of various factors - economic climate, regulatory environment, investment opportunities, government initiatives, and passenger miles traveled - on the aftermarket. Metrics, such as new vehicle sales and VIO forecast, were also used. The forecast for new vehicle sales is split by vehicle type and VIO, by vehicle age. Additional factors, such as vehicles by fuel type, shared mobility in the Indian market, technician training, and the average age of a vehicle are also discussed.

This research service discusses the impact of COVID-19 on the Indian aftermarket and offers insight into how the market will evolve. New business models and technologies, such as eRetailing, telematics, new service solutions, as well as the challenges and growth opportunities in the aftermarket ecosystem, are also analyzed. It offers a general overview of the distribution channel, product flow in IAM and OES channels, major distributors, comparison of after-sales services offered by OEMs, and the expected evolution of the distribution channel. The overall aftermarket revenue market size and forecast are based on the aforementioned factors. The base year market is split by the replacement part market size, as well. Major trends that affect the IAM and the OES, and growth opportunities for all stakeholders in the aftermarket are also discussed.

Research Scope

• To estimate the total market opportunity based on a top-down analysis of vehicles in operation, replacement rates, and market size.
• To identify the top automotive parts distributors and service providers in the Indian automotive aftermarket.
• To identify the growth opportunities and challenges that exist within the Indian automotive aftermarket and how it would impact market participants.
• To understand the shift in OEMs' approach toward after-sales services.
• To assess the current and future changes in the automotive after-sales market with respect to all stakeholders.

Key Issues Addressed

• What is the short- to medium-term outlook for the Indian automotive aftermarket?
• What is the structure of the Indian automotive aftermarket? Who are the key industry participants?
• Which products and services will offer the highest future growth opportunities?
• How is the competitive landscape changing?
• What is the impact of Mega Trends, such as eRetailing, telematics, and new business models, on the Indian aftermarket? How is it going to affect the market participants?