India Two-Wheeler Engine Kit Market Assessment, By Vehicle Type [Motorcycle, Scooter, Mopeds], By Distribution Channel [OEMs, Installers, Distributors, Retailers, Others], By Market [Organized, Unorganized], By Region, Opportunities, and Forecast, FY2017-FY2031F

India Two-Wheeler Engine Kit Market is anticipated to reach at USD 6.32 billion in FY2031 at a CAGR of 5.04% for the forecast period between FY2024 and FY2031 and was valued at USD 4.48 billion in FY2023.

Home>Industry Reports>India Two-Wheeler Engine Kit Market Assessment, Opportunities, and Forecast, FY2017-FY2031F

India Two-Wheeler Engine Kit Market is anticipated to reach at USD 6.32 billion in FY2031 at a CAGR of 5.04% for the forecast period between FY2024 and FY2031 and was valued at USD 4.48 billion in FY2023. In India two wheelers are considered as most affordable, cost effective and economic way of transportation. This is reflected in the yearly sales trend as trade of two wheelers is on the higher side as compared to other types of vehicles in India. Additionally, companies are investing in automobile industry and setting manufacturing hub for automotive engine, components and kits that is parallelly driving the India Two-Wheeler Engine Kit Market.

Automobile manufacturers are creating new models with a focus on newer internal combustion engine models with enhanced fuel efficiency which reduces the emission of harmful pollutants into the air. For instance, to improve fuel efficiency, companies are investing in "direct fuel injection" technology in which the direct injection systems spray a fine mist of fuel directly into the cylinder, helping keep the engine's temperature down and increasing fuel efficiency.

Despite a double-digit growth rate, the two-wheeler sales remain low in comparison to what it was pre covid, mainly due to approximately 50% price hike in the entry level segment. As per Society of Indian Automobile Manufacturers, total number of two-wheelers sold in India in FY2023 was recorded at 15.8 million as compared to 13.5 million in FY2022. The export of two wheelers decreased to 3.6 million in FY2023 from 4.4 million in FY2022.

Rapid Urbanization and Increase in Traffic Congestion

During the projected period, the demand for two-wheeler engine kits is anticipated to be influenced by a number of factors, including rapid urbanisation and city traffic congestion. This is a major reason for the need of repair and maintenance of the two-wheeler engine and the requirement of engine kits. As per the Federation of Automobile Dealers Associations (FADA) data, more than 100 thousand two wheelers were sold in September 2022 which is a 9% increase in total volume as compared to the units sold last year during the same period.

Innovative Products Boosting Market Growth

Companies are engaging in value chain of the engine components adopting lightweight materials to manufacture camshafts, valve-train components, engine kit. The reduced weight of engine decreases the power requirements for two-wheeler vehicle operation, thereby saving fuel. Furthermore, emergence of 3D printing technology has improved the designing of engine components specially engine kit, which in turn is estimated to propel market expansion during the forecast period.

Impact of COVID-19 on India Two-Wheeler Engine Kit Market

The COVID-19 caused a production standstill that hampered the two-wheeler engine kit market in India. The two-wheeler engine kit sector has been set by a mix of supply and demand concerns because of the lockdown in nation. Due to a limited access of port infrastructure and restriction on allowed number of workers, many two-wheeler engine kit manufacturing companies were unable to finish their export shipments.

As the pandemic seems to have subsided, Indian economy can be seen in the recovery phase as there is a significant growth in supply & value chain network, upward trend in the demand curve and import & trade in automobile and specifically service industry where two wheelers are heavily used.

India Two-Wheeler Engine Kit Market Assessment, Opportunities and Forecast, FY2017-FY2031: Report Scope

India Two-Wheeler Engine Kit Market Overview, FY2017-FY2031F,” is a comprehensive report by Markets and Data, providing in-depth analysis and assessment of the market in India, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 impact, opportunities and forecast between FY2024 and FY2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year for Analysis

FY2023

Historical Period

FY2017-FY2022

Forecast Period

FY2024-FY2031

Market Size in FY2023

USD 4.48 Billion

Projected Growth Rate

CAGR of 5.04% from FY2024-FY2031

Revenue Forecast in FY2031

USD 6.32 Billion

Units

Revenue in USD Billion and Volume in Thousand Units

Segments Covered

Vehicle Type, Market, Distribution Channel

Regions Covered

East, West, Central, North, South

Key Companies Profiled

Shriram Pistons & Rings Ltd., Hero MotoCorp Ltd., Honda Motorcycle & Scooter India Pvt. Ltd., Bajaj Auto Limited, Yamaha Motor Company Limited, TVS Motor Company, Piaggio & C. SpA, Suzuki Motor Corporation, Caterpillar Inc., Targetone Innovations Pvt. Ltd. (GoMechanics)

Customization Scope

15% free report customization with purchase.

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs

Delivery Format

PDF and Excel through email (subject to the license purchased)

 

In this report, India Two-Wheeler Engine Kit Market has been segmented into following categories:

1.                   By Vehicle Type

1.1   Motorcycle

1.2   Scooter

1.3   Mopeds

2         By Distribution Channel

2.1   OEMs

2.2   Installers

2.3   Distributors

2.4   Retailers             

2.5   Others

3         By Market

3.1   Organised

3.2   Unorganised

4         By Region

4.1   East

4.2   West and Central

4.3   North

4.4   South

Key Player Landscape and Outlook

Over the past few years, prominent companies such as Hero MotoCorp Ltd. and Bajaj Auto Limited have entered the adventure motorcycle market in response to the increasing appeal of these bikes among Indian youths for various purposes. The adventure motorcycle segment in India has experienced remarkable growth due to the growing demand for versatile motorcycles capable of conquering diverse riding conditions. These motorcycles are specifically designed to excel in both on-road and off-road environments, providing users with versatility, performance, and the capability to handle different terrains.

Consequently, there has been a surge in demand for adventure motorcycle engines that offer an optimal power-to-weight ratio and impressive performance characteristics, prompting manufacturers to introduce engine kits such as Cylinder kits and Spark Plugs designed specifically for these two-wheelers. For example, in 2021, Hero MotoCorp Ltd. unveiled the Hero MotoSports XPulse Rally 200 with a 4-Valve engine specially developed for rally competitions in Goa. This engine is 20% lighter than its predecessor, leading to the separate launch of engine kits tailored for these adventure motorcycle engines.

Players Operating in India Two-Wheeler Engine Kit Market

·         Shriram Pistons & Rings Ltd.

·         Hero MotoCorp Ltd.

·         Honda Motorcycle & Scooter India Pvt. Ltd.

·         Bajaj Auto Limited

·         Yamaha Motor Company Limited

·         TVS Motor Company

·         Piaggio & C. SpA

·         Suzuki Motor Corporation

·         Caterpillar Inc.

·         Targetone Innovations Pvt. Ltd. (GoMechanics)

If you can't find what you're searching for or have any custom requirements for India Energy Drink Market, you may approach our team at info@marketsandata.com

Table of Contents

1.       Research Methodology

2.       Project Scope & Definitions

3.       Impact of Covid-19 on India Two-Wheeler Engine Kit Market

4.       Executive Summary

5.       Voice of Customer

5.1.1.Brand Awareness and Brand Loyalty

5.1.2.Key Attributes for Purchase Decision

5.1.3.Procurement Challenges

5.1.4.Salesperson Effectiveness

5.1.5.Medium of Purchase

5.1.6.Geographical Implications

5.1.7.After-Sales Services

6.       India Two-Wheeler Engine Kit Market Outlook, FY2017-FY2031F

6.1.    Market Size & Forecast

6.1.1.By Value

6.1.2.By Volume

6.2.    By Vehicle Type

6.2.1.Motorcycle

6.2.2.Scooter

6.2.3.Mopeds

6.3.    By Distribution Channel

6.3.1.OEMs

6.3.2.Installers

6.3.3.Distributors

6.3.4.Retailers  

6.3.5.Others

6.4.    By Market

6.4.1.Organised

6.4.2.Unorganised

6.5.    By Region

6.5.1.East

6.5.2.West and Central

6.5.3.North

6.5.4.South

6.6.    By Company Market Share (%), FY2023

7.       Market Mapping, FY2023

7.1.    By Vehicle Type

7.2.    By Distribution Channel

7.3.    By Market

7.4.    By Region

8.       Macro Environment and Industry Structure

8.1.    Supply Demand Analysis

8.2.    Import Export Analysis

8.3.    Value Chain Analysis

8.4.    PESTEL Analysis

8.4.1.Political Factors

8.4.2.Economic System

8.4.3.Social Implications

8.4.4.Technological Advancements

8.4.5.Environmental Impacts

8.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)

8.5.    Porter’s Five Forces Analysis

8.5.1.Supplier Power

8.5.2.Buyer Power

8.5.3.Substitution Threat

8.5.4.Threat from New Entrant

8.5.5.Competitive Rivalry

9.       Market Dynamics

9.1.    Growth Drivers

9.2.    Growth Inhibitors (Challenges and Restraints)

10.   Key Players Landscape

10.1.                     SWOT Analysis of Key Five Market Players

10.2.                     Competition Matrix of Key Five Market Leaders

10.3.                     Market Revenue Analysis of Key Five Market Leaders (in %, 2023)

10.4.                     Mergers & Acquisitions/ Joint Ventures (If Applicable)

10.5.                     Patent Analysis (If Applicable)

11.   Pricing Analysis

12.   Case Studies

13.   Key Players Outlook

13.1.                     Shriram Pistons & Rings Ltd.

13.1.1.    Company Details

13.1.2.    Key Management Personnel

13.1.3.    Products & Services

13.1.4.    Key Market Focus & Geographical Presence

13.1.5.    Financials (As reported)

13.1.6.    Recent Developments

13.1.7.    Mergers & Acquisitions (If applicable)

13.2.                     Hero MotoCorp Ltd.

13.3.                     Honda Motorcycle & Scooter India Pvt. Ltd.

13.4.                     Bajaj Auto Limited

13.5.                     Yamaha Motor Company Limited

13.6.                     TVS Motor Company

13.7.                     Piaggio & C. SpA

13.8.                     Suzuki Motor Corporation

13.9.                     Caterpillar Inc.

13.10.                  Targetone Innovations Pvt. Ltd. (GoMechanics)

*Companies mentioned above DO NOT hold any order as per market share and can be changed during course of work

14.   Strategic Recommendations

15.   About Us & Disclaimer

What is the study period of this market?

arrowup
Heart

Japan Artificial Intelligence Market Assessment, Opportunities, and Forecast, FY2017-FY2031F

Japan's Artificial Intelligence market has been witnessing notable progress. The Japan Artificial Intelligence market is estimated to achieve a value of USD 15.84 billion by the fiscal year 2031, showing substantial growth from USD 5.95 billion in FY....Read More

Published on

December 2023

3,300

Heart

Vietnam Commercial Vehicle Market Assessment, Opportunities and Forecast, 2016-2030F

Vietnam Commercial Vehicle Market size was valued at USD 3.07 billion in 2022 which is expected to reach USD 5.84 billion in 2030 with a CAGR of 8.37% for the forecast period between 2023 and 2030. ....Read More

Published on

December 2023

3,300

Heart

Japan Internet of Things Market Assessment, Opportunities and Forecast, FY2017-FY2031

Japan Internet of Things Market size is valued at USD 11.71 billion in FY2023, expected to reach USD 50.08 billion in FY2031 with a CAGR of 19.92% for the forecast period between FY2024 and FY2031.....Read More

Published on

December 2023

3,300

Heart

Japan Ready-To-Eat Food Market Assessment, Opportunities, and Forecast, FY2017-FY2031F

Japan Ready-To-Eat Food Market is expected to witness a CAGR of 4.03% during the forecast period FY2024-FY2031. The market was valued at USD 8.14 billion in FY2023 and is anticipated to reach USD 11.17 billion by FY2031.....Read More

Published on

December 2023

3,300

Purchase Options

USD ($)

arrowdown

i

3,000

i

4,500

i

5,700

i

8,200

Tired of Searching?

Looking for Customization?

Some other doubt?

Need insights from a cohort?

REACH US

    icon_Five
    17, Okhla Industrial Estate Phase 3 Rd, Okhla Phase III, Okhla Industrial Estate, New Delhi, Delhi 110020
    call_Two
    +91 11 42343567
    icon_Six
    info@marketsandata.com
icon_Seven
5741 Cleveland street, Suite 120, VA beach, VA, USA 23462
call_Three
+1 (757) 343-3258
icon_Eight
190 Middle Road, # 14-10 Fortune Centre, Singapore -188979