The main segments in the Auto Ancillary Market are the OEMs that handle all the manufacture and sale of the high-value instruments and enjoy greater control over this market. The unorganized sector offers products of low value.
Domestic sales, component supply, and type-wise contribution are the primary drivers of segmentation in this industry. Two-wheelers have the biggest share, next comes the number of components supplied to OEMs and finally, what is being supplied to the industry.
A large population is the first growth contributor to the Auto Ancillary Market, who are empowered by a higher purchasing power that’s gradually invested into first-time purchases. Adding to this, a growing middle class with disposable income that also goes into first time purchases, and repurchases as well.
Another growth factor noted during the analysis is that India is the 3rd largest producer of steel. This gives manufacturers of auto components a cost advantage. Certain plants have a proximity advantage to water transport hubs.
What this shows is that the Auto Ancillary Market has a positive outlook and there couldn’t be a better time for investors, entrepreneurs, and companies to build their presence in this industry or consider expansion plans.
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Intended uses of this report
This report is intended to give its readers a better understanding of the dynamics and current state of the auto ancillary market in India. It can be used to assist various business strategies being developed for marketing, market-entry, market expansion, and other business plans that your company might have, by enhancing your knowledge on the various factors that drive this market.
You can get a better understanding of the kind of business strategies being adopted by the key players in the market and where your brand stands at par with them in terms of competition.
The report can serve as a means to support academic research by providing you with a better look at the key developments taking place, or a quick overview of the past interactions.
Critical factors covered in this analytical report
We believe our report will give you all the information that you need to know about the Auto Ancillary Market in India. The data within is exhaustive and covers these main areas.
• An entire overview of India’s the Auto Ancillary Market at large so you get a gist of the current state of this industry.
• Data on the market size from 2016 to 2023 in a historical, current and forecasted format.
• A thorough quantitative study of all segments in this Auto Ancillary Market including component supply to OEMs, organized vs unorganized categorizations, automobile sales categorizations and the type-wise market segmentation.
• Analysis of the auto ancillary trade in India.
• A full detailed list of all recent developments in the Auto Ancillary field in India.
• A qualitative assessment of all the critical challenges and drivers.
• A competitive landscape analysis including major competitors profiles.
Kindly note that the report can even be purchased in different versions exclusively for more customized business research requirements, such as Regional Reports, Country Reports, Global Datasheet, and Company Profile.
To know more about our company and the kind of work we do, visit us at Research On Global Markets.
To order this report on the Auto Ancillary Market in India, get customizations on the data and other inquiries, email us on [email protected].
A report published by Research on Global Markets titled "Television Market In India (2018-2023)" studies the performance of the television market in India over a five year assessment period from 2018 to 2023.
According to the Research On Global Markets analysts, increasing innovation coupled with favorable pricing have augmented the penetration of flat-panel display across all income groups in the country.
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Liquid crystal display (LCD) and organic light emitting diode (OLED) comprise the two major segments in the global television market.
Television market in India - Market InsightsThe market research report attributes the positive outlook on the television market in India to the rapid growth of internet connectivity across the country, especially in tier II and III cities, which is giving greater access to online entertainment portals to the tech-savvy generation.
Digital influence on broader consumer spending is significant and is growing rapidly.
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Globally, the fire-resistant cable market is primarily driven by growth in construction and industrial sectors, increased needs for fire safety products, rapid urbanization, and globalization.
Additionally, rapidly growing industries such as automotive & transportation, manufacturing, energy are likely to drive the growth of the target market over the forecast period...A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global fire-resistant cable market was worth USD 1,760.1 million in 2020 and is further projected to reach USD 2,211.5 million by 2027, at a CAGR of 3.4 % during the forecast period (2021-2027).
Moreover, replacing aging infrastructure, grid maintenance, conversion of overhead lines into underground lines, and the development of rail networks worldwide are likely to increase the consumption of fire-resistant cables during the forecast period.The Rise in Demand for Fire-Resistant Cables for Power Generation is Creating Lucrative Opportunities for the MarketAccording to the International Energy Agency, global energy demand has increased by 4.5 %, or more than 1000 TWh, in 2021.
This segment is primarily driven by properties such as high thermal short circuit ratings, excellent electrical properties stored at high temperatures, resistance to thermal deformation, excellent water resistance and low permeability to water, excellent chemical resistance, and long operational life.Impact of COVID-19 on Global Fire-Resistant Cable MarketThe COVID-19 outbreak has greatly affected the fire-cable market.
Fire-resistant cable producers were also impacted by corporate shutdowns, social distance regulations, and limited local and state government activities in 2020.
Moreover, since buildings and construction were hard hit by the pandemic, demand for fire-resistant cables fell as well.Asia-Pacific Leads the Global Fire-Resistant Cable MarketThe global fire-resistant cable industry is grouped into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America.
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In Nigeria, traditional banking players are competing to outdo each other in winning not only adults but also children.
In the past, teens were not considered eligible to have a banking account.
However, to boost financial inclusion at an early age, banks can now offer parents to operate the accounts for their children.
Therefore, the trend is helping parents to teach kids to save money at an early age.Several banks target teens with unique interest rates, gifts, and innovative prepaid card products in Nigeria.
For instance, First Bank, the premier banking institution in the country, has two different packages for teens known as KidsFirst and MeFirst.
The account is automatically converted into a MeFirst account when the kid turns 13.The bank offers kids a desirable and trendy prepaid card, through which parents can credit weekly and monthly allowances.Polaris Bank and Guaranty Trust Bank are other banking institutions that provide kids with debit cards.
